Takung Lists First Sports Memorabilia Portfolio
Exclusive Edition of Steven Gerrard Liverpool Football Club Jerseys Oversubscribed by More Than Thirty to One
HONG KONG, CHINA / ACCESSWIRE / December 4, 2017 / Takung Art Co., Ltd. (NYSE American: TKAT) the operator of three online platforms for trading of shared ownership units and whole pieces of Asian and international fine arts and collectibles, today announced it had entered the sports memorabilia market with an authorization by the Liverpool Football Club ("Liverpool") to launch an exclusive, limited edition collection of 558 signed replicas of the number 8 jersey worn by British football star Steven Gerrard in his 2015 farewell match for the Liverpool club.
Gerrard, who led Liverpool to an unprecedented five European titles and won numerous major awards, is internationally regarded as among the greatest European football players of his generation.
The listing, with just over 1 million tradable ownership units, is the result of a strategic partnership with PNH Group, a leading producer of official products for major European football clubs. It was offered on November 30th on the Takung Unit+ platform ("Unit +") and was oversubscribed by more than thirty-to-one. At the close of trading on its first day, the value of the portfolio had gained more than 50 percent.
"Additional sports memorabilia portfolios are expected to be listed on Unit+, producing meaningful listing fee revenue for Takung going forward," said CEO Mr. Di Xiao.
"Such portfolios, especially those connected to European football clubs - which have some 400 million fans in China -- are also expected to attract increasing numbers of new traders to Unit+," added Mr. Xiao.
"Some of these traders," he said, "will likely become users of Takung's standard Unit art trading platform."
Unit+, launched in September, is a trading platform featuring portfolios comprising multiple copies of sports memorabilia and other collectibles. Through this platform, investors may buy and trade shared ownership units of these items and may opt to exchange a designated number of the units they own to take direct ownership of an item. Investors in the Steven Gerrard portfolio may exchange 1,800 units for each jersey.
Takung collects listing fees on the initial listing values of new Unit+ portfolios, commissions on trades made by investors using the Unit+ platform, and management fees for the storage, transportation, and insurance of all items in Unit+ portfolios.
"Our ability to offer exclusive portfolios in popular asset classes such as sports memorabilia is one of Takung's key marketplace advantages," noted Mr. Xiao. "We look forward to soon announcing further listings of this kind, each of which will further solidify Unit+ as our second revenue-producing platform and improve our top and bottom lines."
About Takung Art Co., Ltd.
Takung Art Co., Ltd. enables China's growing middle class to invest in fine art and collectibles through three proprietary online platforms: Takung Unit, which facilitates trading and shared ownership of Asian and international fine art; Unit+, which facilitates trading and shared ownership of Asian and international collectibles; and Takung Online, an e-commerce platform enabling artists to promote and sell entire pieces of artwork directly to buyers. Takung is headquartered in Hong Kong and operates primarily in Hong Kong through its direct wholly-owned subsidiary Hong Kong Takung Art Company Limited and its two wholly-owned subsidiaries in Shanghai and Tianjin that facilitate service and support to its PRC-based traders on the Company's platform. For more information, please visit the Company's website: http://ir.takungart.com/. The Company routinely posts important information on its website.
This press release may contain projections or other forward-looking statements regarding future events or our future financial performance. All statements other than present and historical facts and conditions contained in this release, including any statements regarding our future results of operations and financial positions, business strategy, plans and our objectives for future operations, are forward- looking statements (within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended). These statements are only predictions and reflect our current beliefs and expectations with respect to future events and are based on assumptions and subject to risk and uncertainties and subject to change at any time. We operate in a very competitive and rapidly changing environment. New risks emerge from time to time. Given these risks and uncertainties, you should not place undue reliance on these forward-looking statements. Actual events or results may differ materially from those contained in the projections or forward-looking statements.
Takung Art Co., Ltd.
Mr. Leslie Chow
Phone: +852 31580977
SOURCE: Takung Art Co., Ltd.
Released December 4, 2017