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Trades and Trends by Altan Insights: June 11, 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.

Rally

Performance turned positive this week on Rally as the average return gained 1.4% on average across 314 traded offerings.

Leading this week were four books which all gained at least 65% while 10 different assets climbed 43% or more overall. Allen Ginsberg's Howl & Other Poems gained 99.3% this week to close as the best-performing offering but the book is still down -30.26% since IPO. Closing in second was Arthur Conan Doyle's Adventures & Memoirs of Sherlock Holmes which climbed 73.73% while Ian Fleming's Casino Royale gained 70.75% and I, Robot by Isaac Asimov added 65%. The first edition copy of I, Robot is currently up 3.12% over its offering price while Casino Royale is down -12.44%, and the Sherlock Holmes is still trading -5% below its initial price. Overall, books gained 9.1% this week on Rally but the asset class is still down -3.6% on average.

The worst-performing asset this week was the 1975 Marvel X-Men #94 which fell -45.45% and is now down -53.85% since IPO. F1 might be rising quickly as racing makes its way into the US market but the 2020 Topps Lewis Hamilton Signed Patch Card tumbled -44.12% while the 1972 Julius Erving Game-Worn Jersey dropped -34.43% and is now trading at a market cap that is -55.56% below its IPO valuation.

Card games gained 5.53% on average while wine & spirits added 4.26%. In total, six different asset classes closed with positive average returns while five sectors finished with a negative week on average NFTs were the worst-performing sector with a -4.3% ROI while video games slipped -2.43%.

Collectable

For the seventh straight week, the average return on Collectable was negative. In total, 33 assets traded positively while 67 traded negatively and the rest remained unchanged. The average return was -3.48% across 195 traded assets.

Finishing the week as the best-performing asset was the 2014 Panini Cristiano Ronaldo World Cup Card which gained 38.46%. The Ronaldo card is still down -46% since IPO and was one of the worst-performing assets last week after it fell -40.18% Soccer finished as the best-performing sport as the world's game gained 6.03% on average after filling-9.77% last week. Closing in second was the 1925 Lou Gehrig Type III Photo which gained 27.59% but is still down -7.5% overall while the 2003 LeBron Exquisite RPA added 18.07% to finish third.

Investing in prospects is always a risky bet and the 2015 Bowman Chrome Gleyber Torres Card is giving investors a prime example of that risk. The Orange Chrome Refractor fell -43.36% after dropping -24% last week and the BGS 9.5 graded card is now down -77% since IPO. The 2006-07 Chris Bosh Game Worn and Signed Sneakers slipped -37.5% and the 2003 Ultimate Auto Dwayne Wade Rookie Card crumbled -37.38%. Overall, the seven worst-performing assets were all modern cards or memorabilia from the 21st century and ten different offerings fell at least -24% while only two assets gained at least 24%.

Sports cards outpaced memorabilia this week but both asset classes finished deep in the red. Cardboard fell -2.89% on average while memorabilia moved -5.3% lower after the sector gained 2.22% last week. Golf was the worst-performing sport with a -8.33% return followed by hockey while slipped -5.68%.

Otis

This week on Otis, 28 assets traded positively, five more than last week, as the platform delivered a positive average return. The weekly average closed up 4.68% which gives Otis two straight weeks of positive returns for the first time in 2022. The vast majority of assets, 59% to be exact, did not have their prices change this week as liquidity remains limited on the platform.

Leading this week was the 2003 SP Signature Edition Michael Jordan Gold Card which gained 133.98%. Even after more than doubling its market cap, the card is still down -40.1% since IPO after it fell -57.26% last week. Closing in second was the Nike X Travis Scott Collaboration Sneakers which gained 81.82% while Felipe Pantone's CHROMADYNAMICA MSS moved 80% higher. Overall, six different assets gained at least 50% this week on Otis while no asset fell more than -22%.

The First Edition Pokemon Mewtwo Card dropped -21.91% while the 2009 Bowman Chrome Mike Trout Refractor dropped -21.09%. Even with the Mewtwo finishing as the worst-performing asset, card games closed as the best-performing asset class with a 12.04% average gain. Books bounced 10.71% higher and art added 7.3% on average. In total, six sector gained at least 2.6% while only three categories closed with negative as memorabilia moved -10% lower, comic books fell -4.31% and sports memorabilia dropped -0.72% on average.

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