The Museum of Ice Cream is just one example of a modern museum that focuses on heavy photo-based tours for visitors. This model has proven to be successful in many popular tourist areas and could potentially bring in millions of dollars in revenue for years to come.
The trend of photo-based museums is rising, with exhibits featuring items and experiences that are highly shareable and photogenic. Examples include the Michael Jordan-themed exhibit and the Museum of Ice Cream, with Graceland serving as a long-time successful photo museum from the past.
One company has raised over $250 million to create a spooky, interactive 'haunted house meets museum meets Cirque du Soleil' experience that draws in millions in revenue across multiple locations.
Suggestions for repurposing Michael Jordan's unsellable mansion include listing on rally road where rare and expensive items are sold, as it could be worth a lot due to the current boom in trading card collectibles.
The platform Rally Road allows investors to purchase fractional shares of unique and rare items such as signed sports memorabilia, historical artifacts, and even the Full House house, creating a unique investment opportunity for pop culture enthusiasts.
The future of physical retail might involve more spectacles that are fun to take pictures in front of, but people might keep their money at home and focus on charging their devices instead.