Join Altan Insights as we highlight trading activity across the various alternative marketplaces with a combination of charts and penned analysis to help investors track trends and price movements that impact their portfolio.
It's been a strong start to 2022 for assets on Collectable - at least on an unweighted average basis. For the sixth straight week, assets on Collectable closed with a positive average return. Across 162 total traded assets, the average return was 2.27% while sports memorabilia climbed 4.42% on average and sports cards gained 1.61%. This marked the third consecutive week where sports memorabilia returns outpaced cards and memorabilia is now up more than 6% on average over the last two weeks.
As the NBA playoffs tip-off, the best-performing offering this week was the Kevin Durant 2005-06 Montrose Christian High School Jersey which climbed 107.55% this week. The Durant jersey is still down -10.6% over the last month but is now up 10% since IPO. The Durant jersey was also the worst-performing asset last week when it fell -56.91%. Closing in second this week was the Corey Seager Orange Refractor Basket which climbed 107.14%. The Seager basket is now up 314.3% in the last month and is up 96.2% since IPO. Closing in third and fourth this week were two assets that were among the bottom three performers last week. The 2018 Trae Young Flawless RPA gained 76.8% this week after falling -47.38% last week and the 1980 Scoring Leaders Rookie Card added 77.78% after slipped -48.04% in the previous week. The second best performing piece of sports memorabilia was the 1990s Tiger Woods Tournament Putter which gained 29.78%, The strong return comes just one week after Golden Age Auctions set a new golf memorabilia record with a $5.2 million sale of a set of irons from the famous Tiger Slam.
The worst-performing asset this week was one of the best performing the previous week. Kobe Bryant's French Blue Jordan 12 Retro Sneakers fell -16.38% after gaining 60% last week. The worst-performing sports card was the 1997 Brown's Boxing Floyd Mayweather Rookie Card which fell -16.38%. This week, ten different assets gained at least 16.4% while no asset fell more than -16.4%. This was the first week of 2022 where no offering dropped more than -20% and for comparison, last week, eight assets dropped -16% or more while only one offering fell that amount this week.
Losses and gains were both limited this week on Otis as no asset rose or fell more than 35%. The average return this week on Otis was positive as the platform delivered a 2.05% ROI after a -0.27% return last week.
Leading the way this week was the Nike SB Dunk High "FLOM" which gained 34% after climbing 40% last week. The Nike sneakers are now up 87.6% in the last month and their performance has separated the offering from other sneakers. The second best-performing asset this week was the Harry Potter and the Philosopher's Stone which added 30.77%. The only book trading on Otis is now up 70% on their secondary market and helped books close as the best-performing asset class this week.
Only one asset class traded negatively this week as sports memorabilia fell -0.25%. Only one offering fell more than -10% as the five pairs of Air Jordan 1's dropped -30.87%. Memorabilia gained 5% on average while comic books climbed 4.45%. NFTs added 3.47% after gaining 6.14% last week and and sports cards climbed 2.64% this week after a 2.53% average last week. The 2014 Panini Prizm World Cup Lionel Messi card added 22.35% this week to lead all sports cardboard. The increase in valuation comes after Goldin established a new record for any modern sports card after selling a 2014 World Cup Gold Prizm Messi for $522,000.
The average return on Rally improved week over week but still closed in the red as the platform finished with a -0.04% weekly ROI across 313 traded assets. The median return remained unchanged for the fourth straight week.
Setting the pace this week was the 1978 Star Wars Obi-Wan Kenobi Figure which climbed 166.67% in its first week of trading. The Star Wars action figure was one of two offerings to double its market cap as the 2001 Xbox Halo Combat Evolved video game gained 100%. The 2001 Halo is now up 194% on Rally's secondary market and carries a $50,000 market cap after opening at $17,000. Closing in third this week was an NFT as Meebit #15511 jumped 60% but is still down -20% from its IPO market cap. Last week, the Meebit fell -44.44% and at this time, both Meebits trading on Rally are down at least -20%.
Card games were the best-performing asset class last week but the worst-performing sector this week. Trading card games dropped -7.67% on average while cars fell -2.87%. The 1988 BMW M3 dropped -54.55% and the 1996 N64 Super Mario 64 slipped -44.44% while the 1999 Pokémon Charizard Holo card crumbled -33.33% to round-out the floor of performance this week. Memorabilia was the best-performing asset class with an average ROI of 6.81% and NFTs climbed 6.5%. Video games gained 2.48% after falling -3.68% last week while wine and spirits climbed 1.54% after dropping -2.88% the previous week.
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