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Trades and Trends by Altan Insights: June 18, 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

After a week of positive average returns, performance turned negative this week on Rally as the average return fell -3.06% across 314 traded offerings.

Leading this week was a video game, the 1998 Playstation Grand Theft Auto which raced to a 98.57% average return and is now up 39% since IPO. The Grand Theft Auto is nw one of the best performing games on Rally and is easily outpacing the average return of -16.5% that the asset class carries in total. Closing in second was a Hermès 35 CM Picnic Kelly which gained 60% in the same week that Sotheby's closed an impressive lineup of luxury handbags and birkin sales. The Kelly bag is still down -40.74% since IPO but is now up 39.7% over the past thirty days. In third was another beaten-down asset - the 1972 Nike Prototype 'Moon Shoes' which added 36.92% this week but are still trading at a valuation -55.5% below their IPO price.

The worst-performing asset this week was the Laser Eyes Bored Ape #4612 which fell -38.24% in a difficult week for crypto and NFT markets. NFTs dropped -15.92% on Rally this week and have now been the worst-performing asset class on the platform for two straight weeks. There were three Bored Apes within the ten worst-performing assets on Rally this week and each of the jPEG monkey's fell at least -32%. The second worst-performing asset was the Slash Doubleneck Gibson Guitar which dropped another -37.5% and is now down -70% overall.

Luxury was the only asset class to finish with a positive return as the sector gained 2.87% on average but cars, wine/spirits, and memorabilia all fell less than -2%. Meanwhile, comic books bounced -6.02%, card games crumbled -6.46%, and NFTs struggled to gain traction as investors have seemingly moved into different asset classes as the price of Ethereum and other digital currencies continues to plummet.

Collectable

For the eighth straight week, the average return on Collectable was negative. On a good note, more assets traded positively this week as 43 offerings closed in the green compared to 33 last week. On the downside though, 93 assets traded negatively, the most ever in a single week on Collectable and that number is up from 67 last week. Across 200 traded assets, the average ROI closed at -1.79% while the median settled at 0%.

Finishing the week as the best-performing asset was the Gleyber Torres Bowman Chrome Orange Refractor which gained 52.65%. The Gleyber Torres card was the worst-performing asset last week after falling -43.36% and is still down -65.5% overall. The second-best performing asset was also a modern baseball card as the 2012 Corey Seager Orange Refractor Basket gained 47.85%. The duo of Seager cards is still down -25.6% since IPO and has dropped -61.1% over the past month even with this week's surge. The best-performing piece of memorabilia was the 1981-82 Cal Ripkin Jersey which added 41.64% after dropping -29.4% last week.

The four worst-performing assets were all non-sports cards as the 1936-37 Jimmie Foxx Signed Bat dropped -64.16% to close at the bottom. The bat has struggled as of late after it had been up 34% since IPO as of the end of April. Since then, it has slid to a market cap more than -64% lower and has only experienced a single price change in the past thirty days, signaling a potential lack of liquidity.

Sports cards outpaced memorabilia for the second straight week but both asset classes closed with negative average returns. Cards fell -1.11% while memorabilia slid -3.83% lower. Memorabilia is now down more than -8% over the last two weeks after outperforming sports cards on average for the majority of the year

Otis

Each week when we create these dashboards, we feature the top-ten best and worst performing individual assets. This was a historically bad week for assets on Otis as only seven offerings traded positively, the first time since the platform opened trading that at least 10 assets did not close with a positive return in a given week. Last week, 28 assets traded positively, which was up from 23 the previous week. This week, 34 assets traded negatively and 74 did not experience a price change a limited number of shares changed hands overall.

Leading this week was the five pairs of Air Jordan 1's which gained 49.12%. The Jordan sneakers were the only offering to gain more than 12% but the rise did help propel the asset class to a 2.75% return on average. Overall, only one asset might have gained at least 12% but 15 offerings fell at least -12% or more.

The average return across 115 traded assets was -3.20% and the 2014 Panini Prizm World Cup Lionel Messi Card dropped -30.64% to finish as the worst-performing asset. Books fell -9.68% as the first edition Harry Potter struggled while video games dropped -7.81% on average. Sports cards slipped -4.79% and NFTs pulled-back another -4.7%.

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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.