Trades and Trends by Altan Insights: January 8, 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 turned positive this week on Otis as the platform was led by six different assets that gained at least 30%. In total, 113 different offerings trading this week with an average ROI of 1.43% and a median return of 0%.
After a steep sell-off on December 31st, the Gameboy Pokémon Blue recovered this week and closed 99.8% higher. The game is still down -33.4% over the last three months and -0.10% since IPO. The Nintendo World Championship Cartridge also cracked the top-ten this week with a 29.29% gain which helped lift the WATA 8.5 graded cartridge to a 4.4% ROI overall. The high flying performances helped video games close the week with a 9.61% average return- the second highest of any sector. Serena Williams cards shined as both 2003 NetPro Rookie parallels trading on Otis returned strong performance this week. The Serena Elite Glossy card climbed 60.66%, pushing its three month return to 8.77% while the International Preview card added 31.15%. Goldin Auctions currently has a PSA 10 graded Serena Williams Elite Glossy card up for auction this weekend that has reached $30,000 and established itself as the most expensive example from the series to sell. Sports cards closed 2.16% higher on average but were outpaced by Sports Memorabilia which finished the week as the best performing asset class. Game-worn, game-used, and tickets closed 15.11% higher on average this week on Otis after the asset class fell -8.41% on average last week. The Michael Jordan AJ1 Player Exclusive Rookie Signed Sneakers climbed 37.5% while the 2016 Kobe Bryant Last Game Ticket ticked 23.13% higher.
While a Pokémon video game closed as the best-performing ass this week, it was a Pokémon card that would finish as the worst-performing. The First Edition Blastoise Holo card fell -59.07% and is now down -70% overall since IPO. The drop helped to guide card games to a -17.97% return on average as another card, the First Edition Mewtwo, also finished in the bottom ten with a -21.07% return.
Note: Only assets that trade for the entire week are included in data calculations and graphs.
For the second consecutive week, assets on Collectable fell at least -2% lower as heavy losses to select offerings continue to drive down the average ROI. This week, two assets dropped more than -50%, as the Mike Tyson Rookie Card Basket and Chicago Bulls Hardwood fell -50.91% and -56.52% respectively. The Tyson-tumble resulted in a -17.06% average return for boxing-related assets as the sport finished as the worst-performing on Collectable's secondary market this week. Golf assets finished as the second lowest, slipping -6.86% on average due to a -21.39% sell-off in the 1996 SI for Kids Tiger Woods Card.
Peyton Manning-related assets returned a strong week on Collectable as the Hall of Fame quarterback's MVP Season Worn Helmet gained 26.87% and a jersey basket that also features Brett Favre and Dan Marino moved 7.27% higher. Wrestling was the best-performing sport on Collectable and was led by the Hulk Hogan/Andre the Giant Basket which bounced 19.8% higher. Four young stars shined this week on Collectable as cards from Trae Young, Ronald Acuna, Fernando Tatis Jr., and Gleyber Torres all closed among the top ten. Sports memorabilia fell -1.80% on average but outpaced sports cards which dropped -3.07%. Overall, 149 different assets traded this week across the two asset classes for a -2.79% average return and a 0% median ROI.
After closing last week with a -7.68% average return, performance rebounded slightly on Rally but still finished in the red with a -1.69% average and a -3.23% median return. Ten different offerings fell more than -25% and the losses were led by the 2000 Pokémon Team Rocket Booster Box which bounced -40.77% lower and the 1998 Playstation Grand Theft Auto which tumbled -37.5%. Luxury was the worst-performing asset class with a -15% return while books fell -10.91%.
Sports memorabilia was the best-performing sector as game-worn and game-used moved 14.62% higher. The asset class was propelled by the 1924 Babe Ruth Bat which gained 86.39% and the 1985 Michael Jordan AJ1's which jumped 29.35%. Comic books continued to climb on Rally and closed this week with a 8.14% average return. The asset class is now up 14.79% over the last two weeks and as continued to be a strong performer on their secondary market. The 1941 DC Comics Batman #6 gained 89.66% to lead all assets while 1992 Game Boy Kirby's Dreamland finished the week with a 77.42% gain to round out the top three performing assets. NFTs closed with a 10.26% average return as the Bored Ape #601 added 33.22% to its market cap. Bored Ape #601 was the first Rally IPO from the BAYC project and is now up 299% on their secondary market overall. In total, 100 different assets traded this week on Rally, the most in a single week for the platform. There were ten different asset classes represented with sports cards making up 39% of all traded offerings while video games were 13% and sports memorabilia was 11%. Two bottles of wine made their first appearance on Rally's new real-time trading market and the vino closed with a 2.42% average.
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