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.
Note: Only assets that traded for the entire week are included in data calculations and graphs.
After a negative average return last week, performance rebounded on Collectable as the platform closed with a 0.60% average ROI and a 0% median. Fittingly, the best-performing asset this week was one of the worst performers last week as the 2020 Bowman Chrome Jasson Dominguez climbed 60% after a -37.5% drop. Another card that displayed an impressive recovery is the 1984 Topps John Elway which added 49.17% and is now just -10% under its IPO market cap after the basket was previously -40% below offering price.
This week belonged to sports cards as the top ten performing assets were all cardboard and the sector added 2.16% versus the -5.04% return from sports memorabilia. Golf-related assets gained 9.27% on average to lead all sports while baseball and boxing closed 2.09% and 1.90% higher respectively. Hockey was the worst-performing sports with an average return of -3.9% while tennis closed -2.22% lower. Overall, eight different assets gained at least 22% while only two offerings fell more than -22% this week. The 2018 Flawless Green Trae Young dropped -34.73% and the Kobe Bryant Game-Worn French Blue Jordan 12's dipped -22.22%.
Sports memorabilia was represented by thirty assets and while no offerings closed among the top ten best performing assets, five pieces of game-worn or game-used memorabilia finished the week among the bottom ten performers. The rotation from memorabilia to sports cards breaks a streak of four consecutive weeks in which sports memorabilia outperformed cardboard on Collectable.
In week two of real-time trading on Rally, performance stumbled overall as the platform returned -3.46% on average and the median ROI settled at -1.65%. Overall, thirty assets traded this week on Rally across seven different asset classes.
Video games closed as the best-performing sector with a 6..07% average return and were led by the 1987 NES Legends of Zelda which gained 75%. The first edition Zelda game is now up 113% on Rally since IPO and has pushed its market cap to $245,000. Sports cards were carried by the 1958 Alifabolaget Pelé which climbed 37.16% after adding 25.31% last week. The PSA 9 graded Pelé could become the next card to reach seven-figures on Rally as it closed this week with a market cap of $866,250, up from its IPO price of $315,000. Sports cards gained 7.23% on average last week but even with the breakout Pelé performance, the asset class slipped -4.95% over the last five days. The 2001 Apple iPod and 1990s Bulls Championship Rings were the only other assets to add at least 25% to their market caps on Rally and while eight offerings gained 10% or more, eleven assets dropped at least -13%. NFTs were the only other asset class to close with positive average performance as the sector closed 5.2% higher and was lead by CryptoPunk #8103's 10.4% gain.
There was no Mantle-mania this week on Rally as prices for both cards and memorabilia featuring the New York legend suffered significant sell-offs. The 1960 Mickey Mantle Game Worn & Signed Jersey fell 46.25% in its first week of trading while the 1956 Topps Mantle Card dropped -42.03%. The 1986 Macintosh Plus fell -38.46% after the offering gained 62.5% last week.
Note: Only assets that trade for the entire week are included in data calculations and graphs.
Performance dipped this week on Otis with a -1.16% average return while the median closed unchanged. Sneakers set the pace as the Air Jordan 1 Modern Classics climbed 62.79% and the asset class added 10.42% on average overall. For the second consecutive week, art closed with a positive average return, gaining 0.75% this week after adding 8.39% last week. The asset class was the only other sector to close with a positive average as seven sectors finished in the red. Comic books fell -11.55% to settle as the worst-performing asset class as losses were propelled by the -30.58% ROI from the Avengers #1. Card games closed with a -10.93% average return and the Raichu Holo card continued to struggle, slipping -35.71% this week for a total return since IPO of -55%.
Sports cards were led by the 56.25% return delivered by the 2002 Panini Futebol Cristiano Ronaldo and the 2012 Russel Wilson Rookie Signatures which added 27.78% this week. The asset class closed with a negative average return however as the 2001 SP Authentic Tiger Woods fell -58.76% and 2009 Bowman Chrome Mike Trout tumbled -24.24%. The Tiger rookie is now down 69% since IPO and sits at a $10,044 market cap, well below recent sales for BGS 9.5 examples. Video games dropped -7% this week after falling -5.67% last week. The NES Mike Tyson's PUNCH-OUT!! fell -30.58% and is now down -65% over the last three months.
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