Trades and Trends by Altan Insights: January 1, 2022
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.
Performance dipped slightly this week on Otis as the platform closed with a -0.90% average return. Memorabilia gained 5.19% to lead all asset classes while art added 2.53% on average to finish in second. Medical Bill by MSCHF moved 41.6% higher to close as the best-performing asset while the 2013 Giannis RPA gained 31.19%. NFTs gained 1.96% on average and were led by the Chromie Squiggle #524 which added 28.57%. Ten different assets gained at least 13% this week on Otis while seven offerings fell more than -13%. The negative total return was supported by three different assets falling -42% or more while no asset gained more than 42%.
Sports memorabilia fell -8.41% while comic books dropped -6.01% on average. The 2012 Anthony Davis RPA dropped -58.33% this week and is now down -75% since IPO. Pokémon struggled on Otis as the Game Boy Pokémon Blue bounced -50.98% lower and Pokémon Red stumbled -12.16%. In total, 113 different assets traded this week across 10 different asset classes. Sports cards were represented by 34 assets and fell -0.46% on average while 19 sneakers traded and the sector dropped -0.88%.
Note: Only assets that trade for the entire week are included in data calculations and graphs.
Collectable's secondary market closed the year with a few high flying assets but a negative average return overall. The platform closed January with a -2.37% ROI across 148 different assets and a 0% median. Sports memorabilia has performed well over the last 6 months but dropped -5.88% this week to drag total performance lower.
The 1979 Topps Ozzie Smith Rookie Card flipped 60.91% higher to lead all assets this week. Golf gained 7.84% on average to set the pace for sports on Collectable and the strong return was propelled by the 1996 SI for Kids Tiger Woods Card which gained 20%. The perforated Tiger is now up 80% since IPO and closed the week at a $42,300 market cap. In total, ten assets gained at least 10% on Collectable while ten assets fell -23% or more. The 2018-19 Michael Porter Rookie Card dropped -37.14% to close as the worst-performing asset. The MPJ card is now down -78% since IPO and has a market cap of $6,589 after being initially offered for $29,950. Sneakers stumbled this week as the Chris Bosh 2006-07 Game Worn Air Force 25's fell -36.27% and the Kobe Bryant Game Worn Jordan 12's dropped -36.36%. Sneakers are struggled on Collectable and currently, every pair of game-worn sneaker trading on the platform is trading below its IPO price with all but one trading at least -20% lower.
Wrestling assets fell -8.26% to close as the worst-performing sport while soccer assets dropped -7.77%. Basketball, boxing, tennis, and baseball all traded negatively this week while hockey closed with a 0% return. Football-related assets managed to sneak out a 0.05% gain as the 2017 Patrick Mahomes Flawless RPA gained 17% as the Kansas City Chiefs set their sights on a third consecutive Super Bowl appearance.
Performance fell this week on Rally as investors moved away from card games and video games. The average return this week was -7.68% with a median return of -3.6%. In total, 80 different assets traded across nine asset classes.
Card games were the worst-performing asset class this week with a -21.29% return on average while video games fell -17.93%. This week was not a strong showing for Pokémon as the three worst-performing assets all came from the pocket monster franchise. The 1999 Game Boy Pokémon Yellow saw its market cap slashed by -69.17% while the 1999 Pokémon Fossil Booster Box plunged -56.86%.
While Pokémon performed poorly overall, there was one shining light as the 1999 Kangaskhan Trophy Card climbed 44.44% to lead all assets. The 1968 Marvel Avengers #57 added 20% to help comic books close with the best average return of all asset classes. The comic sector gained 6.65% on average while memorabilia moved 1.86% higher. Sports cards were represented by 31 different assets, the most of any sector, and the asset class fell -8.56% on average.
Disclaimer: You understand that by reading Altan Insights, you are not receiving financial advice. No content published here constitutes a recommendation that any particular security, transaction, or investment strategy is suitable for any specific person. You further understand that the author(s) are not advising you personally concerning the nature, potential, value or suitability of any particular security, transaction, or investment strategy. You alone are solely responsible for determining whether an investment, security or strategy, or any other product or service, is appropriate or suitable for you based on your investment objectives and personal financial situation. Please speak with a financial advisor to understand if the risks inherent in trading are appropriate for you. Trade at your own risk.