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Trades and Trends by Altan Insights: June 4, 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

Another week in the red, but only barely, for assets on Rally. The average return this week closed at -0.01% with an unchanged median return across 314 different assets.

The best-performing asset this week was one that we has not delivered strong secondary market performance to date. The set of 10 Curio Cards are down -60% since IPO but they climbed 50% this week to close on top while J.R.R. Tolkien's 'Lord of the Rings' trilogy gained 40.71% to close in second. The trio of books are now up 69.83% since IPO and are the 4th best-performing books on Rally overall. Finishing in third was the 1987 Fleer Michael Jordan Card which gained 37.5%. MJ's second-year card is still down -45% since IPO and as of publication, all Fleer cards and wax on Rally are currently trading negatively.

The top three performing assets were all from different assets classes and the same could be said for the bottom three. The 1983 G.I. Joe Cobra Commander Action Figure fell -36.71% to close on the bottom this week while the 1768 George Washington Lottery Ticket tumbled -33.33%. The historic lotto ticket is now down -46.43% since IPO while the action figure is trading -44.44% below its initial market cap. NFTs were the best-performing asset class this week with a 6.95% gain on average while books bounced 3.79% higher. Cars were the worst-performing sector with a -4.03% return while memorabilia fell -2.95% on average. Overall on Rally, 73 assets traded positively this week while 106 traded negatively and 135 assets returned 0%.

Collectable

For the sixth straight week, the average return on Collectable was negative. In total, 36 assets traded positively while 65 traded negatively and the rest remained unchanged. The average return was -0.72% across 195 traded assets.

Setting the pace this week was a basket of 2018-19 Silver Prizm Cards which gained 64.1%. The basket is still down -20% since IPO but has climbed 20.8% over the last six months. In second was the 2003 NetPro Elite Glossy Rafael Nadal Card which gained 50% after falling -50% last week. Nadal knocked-off Novak Djokovic in the French Open quarterfinals before moving past an injured Alexander Zverev in the semis. Nadal is slated to play Sunday in his 30th Grand Slam championship and could secure his second title this year. The third best-performing asset was a pair of game-worn skates from Sidney Crosby which added 46.43% this week. Although the Pittsburgh Penguins were eliminated from the NHL Playoffs in the first-round, Sid's skates are up 2.5% since IPO.

The 2012 Corey Seager Bowman Chrome Refractor Basket which bounced -73.78% lower. Seager is playing well this season and already has 11 home runs to go along with 24 runs batted in but the Texas Rangers are already 8.5 games out of first place in a difficult American League West division. The Seager cards had climbed to a $23,200 market cap in recent weeks but are now trading at a $5,936 valuation. The only other asset that fell more than -40% this week was the 2014 Panini Prizm World Cup Cristiano Ronaldo Card which lost -40.18%. The Ronaldo is now down -61% since IPO and has never traded at a market cap above its IPO price of $255,000.

Sports memorabilia gained 2.22% this week on average after climbing 1.78% last week while sports cards dropped -1.68% after previously falling -0.67%. Tennis and hockey were the two best-performing sports, gaining 25% and 15% respectively while soccer fell -9.77% and baseball slipped -2.21%.

Otis

This week on Otis, 23 assets traded positively, 23 assets traded negatively, and 69 assets closed with a 0% return. The weekly average ROI on Otis closed in the green as the platform finished with a 1.93% return across 115 assets but liquidity continues to be an issue as the majority of offerings continue to show limited action in their order books.

Leading this week was the 1994 Dwayne "The Rock" Johnson Card which gained 95.05%. Even after nearly doubling its market cap, the 1990s rookie card is still down -1.5% since IPO after it fell -49.25% last week. Closing in second was the 1985 Air Jordan 1 Collection II which gained 86.67% after dropping -42.31% last week while the Trainer Series Sneakers gained 53.85% to settle in third.

The 2003 SP Authentic Michael Jordan Gold /50 Card fell -57.26% to finish as the worst-performing asset and the modern MJ card is now down -74.4% since IPO. There were some promising signs though from the offerings that did trade this week. Last week, eight assets dropped -30% or more but this week, only four fell that amount. Additionally, six assets gained 40% or more this week when last week, no assets added more than 36% to its market cap.

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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.