Fees & Expenses
What are the expenses associated with operating Blackchip?
Members are responsible for the costs related to Blackchip's operating activities, legal expenses and maintenance. Blackchip will provide service related expenses to the Administrators for purchase negotiations, asset insurance, storage, transportation and other logistic activities on behalf of the Members. These expenses can range from 5-15% depending on the value of the collectible and required activities for purchase.
What are the fees associated with operating Blackchip?
Blackchip Administrators will be entitled to a fee of 2.5% of the gross proceeds of any collectible sale it facilitates for carrying out all Blackchip's operating activities.