Let's say I wanted to create my own financial market where people could buy with real money shares in a real physical product such as, for example, a rock band. If the value of the rock band goes up, so do the investors shares, if the value of the rock band goes down, etc.
Is this feasible? Any links to resources on this?
I used the example of a rock band because I was inspired by this article, but I think this could apply to virtually anything. People value different things for different reasons. A rock band could be considered valuable because it gives returns on it's revenue, but also maybe just because a fan gives value to 'owning' a share in their favorite artist. Granted a rock band is maybe not the best example, so let's not go too far with this.
How about an antique? This is something that people could make money on if they sell shares in an object whose worth has for whatever reason increased in value since the time of their initial investment.
I was thinking of something similar to ebay, but where the users bid on shares of an object that they never receive. An antique could sit in a museum and the shares could be sold to people who bid on it according to what they think it is currently worth.
Okay, so there has already been a lot of great comments and answers to this question. And the explanations of the principals of the market system are helpful. But I guess what I was really wondering was if there are any legal limitations. This may be too broad to answer here, but any insights or links to resources would be appreciated.