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Rally
The average return closed negative once again this week as assets fell -2.69% on average with a median ROI of 0%.
The best-performing asset this week was the 1989 NES WWF Wrestlemania which gained 54.6% but is still down -43.3% since IPO. Closing in second was the 1988 Porsche 944 Turbo S which jumped 49.8% and is down -0.17% since its initial offering. Rounding-out the top three was the 1983 Apple Lisa Computer which climbed 40.6%. The Apple Lisa is the worst-performing piece of Apple memorabilia trading on Rally and is still down -59.1% since IPO.
NFTs have now been the worst-performing asset class on Rally for three straight weeks. The average return for the second over the past three weeks is -37.5% and after digital assets dropped -15.9% last week, the category collapsed -17.3% this week. The worst-performing asset was the Trippy Fur Bored Ape #8827 which fell -75.5% while Curio Cards tumbled -50%. The set of 10 Curio Cards are now down -80% since IPO and is trading at a $15,000 market cap after an initial offering of $75,000.
Memorabilia moved 3.5% higher this week while luxury gained 2.7% on average. Luxury-related assets are now up 5.6% over the past two weeks. Wine and spirits also closed with a positive average return as the liquid asset gained 2.3%. Friday was a strong day for wine as six different offerings closed with positive returns on the day while the average return closed at 4.9%.
Collectable
For the ninth straight week, the average return on Collectable was negative. The average closed at -1.2% compared to the average return last week of -1.8%. Overall, 29 assets closed with positive returns while 81 ended the week with negative returns and the remaining offerings settled unchanged. This week represented a flip, as the worst-performing asset last week was the best-performing asset this week and the best-performing asset last week was the worst-performing this week. If you struggled to follow that sentence, let's just dive into the numbers.
Closing the week as the best-performing asset was the 1936-37 Jimmie Foxx Game Used Bat which gained 120%. The bat is now up 10% since IPO and was the worst-performing asset on Collectable last week after it dropped -64.2%. Closing in second was the 2016 Game Worn Kobe Bryant 'Black History Month' Sneakers which soared 96.9% after closing last week as the second-worst performing asset with a -58.1%. Included among the top three assets this week was a newcomer to Collectable's secondary market as the 1994 Charles Barkley Game Worn Jersey gained 58.3% after opening for trading on June 16th.
The worst-performing asset this week was the 2015 Bowman Orange Refractor Gleyber Torres Card which dropped -42% after gaining 52.7% last week. The Torres card is now down -80% since IPO although the Yankees infielder has impressed so far this season and is expected to be in the running for a possible All Star Game appearance. The 2019 Zion Williamson Stars and Stripes RPA dropped -36.4% and is down -65% since IPO. Sports cards represented the three worst-performing assets as a 2003 Topps Chrome Black Refractor LeBron James fell -35.9% over the past five days.
Sports cards had outperformed sports memorabilia for two straight weeks but the sectors flipped this week as memorabilia closed with impressive numbers. The average return for game-worn and game-used finished at 6% while cardboard dropped -3.7%. Golf was the best-performing sport on Collectable with a 12.5% average return while hockey gained 3.9%. Wrestling fell 23.2% and soccer slipped -3.6% on average to finish as the worst-performing sports.
Otis
Last week, only seven assets traded positively on Otis as the average return closed at -3.2%. This week, ten offerings traded positively but the average ROI fell -6.2% as ten different assets dropped at least -25% while only one gained more than 25%.
For the second straight week, sneakers led as the Nike SB Dunks by Jeff Staple gained 31.4%. The collection of sneakers are now up 53.3% over the past year and have added 39.4% in the past month. The four pairs of Air Jordan 'Exclusives' closed in second with a 23.9% return and are up 12.4% over the past year. The only other asset to gain at least 20% this week was the WATA 9.8 graded copy of NBA Jame which jumped 20% although the game is still down -16% all-time.
As mentioned above, ten assets fell at least -25% and five assets dropped -50% or more. The worst-performing asset was the Super Mario Bros. 3 which tumbled -74.4% and the game has now caved -85.7% over the past year. The Chromie Squiggle #524 fell -58.3% and is down -70% while two Pokemon, the first edition Blastoise and Mewtwo cards, fell -55 and -52% respectively.
Card games collapsed -29% this week after falling -4.2% last week. NFTs also tumbled with a -12.5% average ROI after the sector slipped -4.7% last week. Video games are now down -19% over the pas two weeks while comic books have crumbled -13% in that same span on Otis. Books and sports memorabilia both closed with positive average returns as the asset classes gained 10.7% and 1.2% respectively.
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