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Index Update: The Week Closing 10/28/2022 and Restatement Info

Index Update: The Week Closing 10/28/2022 and Restatement Info
October 31, 2022
Dylan Dittrich

Last Week: 777.26

This Week: 767.16

Performance Last Week: -1.3%

Performance Year-to-Date: -26.1%

Performance Quarter-to-Date: +0.8%

Top 3 Index Performers Last Week (%)

1. (Rally) +35.6%

2. 1964 Sandy Koufax Jersey (Collectable) +27.7%

3. 1950-51 Joe DiMaggio Game-Worn Jersey (Rally) +17.0%

Bottom 3 Index Performers Last Week (%)

1. 2003 SP Authentic LeBron James Rookie Auto (Public) -30.2%

2. 1968 Milton Bradley Nolan Ryan Rookie (Collectable) -22.6%

3. NES Super Mario Bros (Public) -22.3%

Restatement Information

Note, over the last week, we have updated our indices, both the Altan Insights 100 and asset class indices found on the Trends page of our app, to reflect the sale of Otis assets that have not made the transition to Public. As this information was not previously available, Otis assets had been carried at their last traded value pending final sale information. As that sale information has become available, we have updated the indices to reflect the exit of those assets on the date of sale. In this case, we have used date of sale rather than date of proceeds receipt, as it reflects market conditions in a more timely manner (date of proceeds would reflect one big movement, largely at the same time). This update has impact on historic indices levels, and is particularly impactful for the Otis Index, as well as asset class indices that had a significant proportion of Otis assets (Art, Video Games, and Comic Books most significantly). Impact to the Altan Insights 100 was relatively minor. We have included before and after restatement values for each relevant index below as of 10/21. For the full restated data, please refer to the Trends page on the Altan Insights app.

Also, notably, there may be a difference between the exit price of an asset on our app versus the per share proceeds received by shareholders. Our data, in this particular instance, is based on net sales price and does not include the additional cash held on each Series balance sheet. However, this typically amounts to no more than pennies per share.

We will continue to make updates as we obtain new information regarding asset sales.

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