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.
Another week, another positive average return on Otis. This marks the fourth straight week that the average ROI closed in the green as assets ticked up slightly with a 2.12% gain. In total, 113 different assets traded across 10 asset classes with a median return of 0%. The Air Jordan 1's doubled their market cap with a 111% gain to lead all offerings this week. The sneakers are now up 72% since IPO and 31% over the last thirty days. Closing as the second best-performing asset this week was the 2004 Panini Mega Cracks Lionel Messi Rookie Card. The Messi moved 47.49% higher and the BGS 9.5 graded example is now up 96.9% since IPO. The appreciation might have been driven by a recent PWCC last week when a BGS 9.5 sold for $84,000. While that card did carry better sub grades, it did outpace past sales for cards with similar sub grades, which represents a positive overall move for the Messi rookie. Rounding out the top performers this week was a 2012 Anthony Davis RPA and a 1996 Topps Allen Iverson Rookie Card. Both crds have displayed strong returns recently as the AD rookie is up 156% in the last month while the AI rookie is up 37% in the last two weeks.
Falling this week was Daniel Arsham's Grey Selenite Newspaper Machine which dropped -29.72%. The artwork gained 46.34% last week but that gain was propelled only by a single share trading at $60. Prices receded back to the $40-$42 range this week. The Chris Gibbs X Otis collection fell -23.24% while DOB and Arrows slipped -23.08% lower. There were ten different assets that gained at least 16% on Otis this week while six offerings fell at least -16%.
Luxury was the best-performing asset as the Hermes Birkin climbed 9.5%. Sports cards are the most represented asset class on Otis with 35 different offerings trading and the sector gained 5.67%. Sports cards are now up 11.17% over the last two weeks on Otis and lead all asset classes in average return this month. Memorabilia moved 5.4% higher while sneakers snuck out a 3.22% gain.
For the second straight week, NFTs were the worst-performing asset class on Otis as the sector fell -3.75% this week after a -5.93% return the previous week. While digital art struggled, so did physical. Art dropped -1.95% to close as the only other asset class to lose more than 1% on average. Sports memorabilia and video games also settled with negative average returns as they dropped -0.87% and -0.74% respectively.
Note: Only assets that trade for the entire week are included in data calculations and graphs.
Is the money rotating back into sports cards? With a 2.91% average return, this marked the best single week performance for sports cards on Collectable in nearly three months. The asset class was aided by the fact that the top four performing individual assets were all sports cardboard and nine of the ten best-performing offerings were cards. The best performing card this week was the 2018-19 Michael Porter Jr. Championship Ticket which ticked 86.05% higher after falling -33.63% last week. The MPJ rookie is now up 95% over the last month but is still down -60% since IPO. Finishing in second was the 1953 Topps Jackie Robinson Rookie Card which climbed 66.67%. The entire gain occurred on Friday after Heritage sold a PSA 8 for a record price of $95,000. The PSA 8 currently trading on Collectable was priced under $40,000 heading into the day but closed with a $64,000 market cap. Similar to the Messi on Otis, the Messi rookie card on Collectable closed with positive performance this week as their PSA 9 Mega Cracks gained 54.62%. There were multiple assets that closed last week among the bottom ten performing assets but finished this week in the top ten. The 2018-19 Flawless Green Trae Young rookie fell -32% last week but gained 43% this week and the Chris Bosh Air Force 25 Sneakers dropped -37% last week but added 42% this week.
The 1958 Roger Maris rookie card dropped -31.4% and is now down -41% since IPO. Tom Brady cards also stumbled this week as the basket of 2000 Playoff Contenders slipped -24.62% and the 2000 Championship Ticket dropped -12.04%. Speaking of star quarterbacks, Patrick Mahomes cards displayed strong returns this week as the 2017 Panini Immaculate 1/1 gained 27.92% and the Laundry Tag RPA added 32.35%.
Tennis and soccer are both represented by a limited number of assets on Collectable's secondary market but both displayed strong performance this week and led all sports with returns of 17.65% and 17.58% respectively. Wrestling returns 8.92% while boxing bounced 2.57% higher. Hockey and golf were the only two sports to close with negative average returns as the sectors fell -2.91% and -0.3%. Sports memorabilia gained 0.15% and while there was only one piece of memorabilia that finished among the top ten performing assets, there was also only one piece of memorabilia (Kobe's French Blue 12s) that closed among the bottom ten.
For the fourth straight week, Rally returns closed negative on average as assets dropped -1.37% with a median return of 0%. This week featured some impressive week over week swings as multiple assets climbed after weeks of negative returns.
The 1995 Pokémon Japanese Topsun Booster Box gained 73.91% to set the pace on Rally this week. The Booster box was the worst-performing asset last week after it fell -74%. Another asset that turned the tables this week was the 1940 Action Comics #23. The 1940 Action Comic climbed 53.47% and rebounded from a -33.11% return previously. One asset that continued to climb was the 1768 George Washington Lottery Ticket. The ticket quietly gained 20% last week and then added another 48.81% this week.
The 1950-51 Joe DiMaggio Jersey dropped -68% to close as the worst-performing asset while the 1960 Muhammad Ali Rookie Card slipped -63%. NFTs were the worst-performing asset class this week with a -12.91% average return as the Bored Ape #601 dropped -30%. Luxury dropped -5.69% while wine slipped -4.27%. Books bounced -3.46% lower and the asset class is now down -15% over the last two weeks. Memorabilia was the best-performing sector with an 8.12% average return while card games climbed 5.31%. Comic books moved 4.12% higher and the asset class is now up nearly 8% over the last ten trading sessions. Sports cards were the most represented asset class on Rally with 54 offerings trading and the sector fell -3.04% 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.