Trades and Trends by Altan Insights: May 28, 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.
The average return on Rally returned to the red this week as assets on the platform fell -0.94% on average. In total, 314 assets traded across 11 different asset classes and the median return remained unchanged.
The top-performing asset this week was the 1983 Apple Lisa Computer which doubled its market cap over the last five sessions. The Apple Lisa initially IPO'd at a $110,000 market cap but that valuation fell to $27,500 prior to the rebound this week. Even with the 100% gain, the Apple memorabilia is still down -50% since its initial offering. Closing in second was a classic American novel, 'To Kill a Mockingbird' by Harper Lee. The signed first edition copy climbed 83.33% but is still down -31.25% from its IPO price of $32,000. In third this week was the 2003 NetPro Serena Williams #2A Apparel Auto Card (BGS 8) which gained 50% and is currently up that same amount from its IPO price. The boost in market cap is likely connected to the record-breaking sale for a PSA 8 graded copy which sold at Goldin for $266,000.
Card games fell -7.06% on average while NFTs dropped -5.69%. Video games were the best-performing asset class on Rally last week with a 12.22% return but the sector slide -5.23% this week. Memorabilia, largely aided by the Apple Lisa, gained 3.96% to lead all asset classes. Sports memorabilia and books also return positive averages as the sectors gained 0.55% and 0.13% respectively.
There are two notable streaks that are active on Collectable. This marked the sixth straight week of a negative average returns on Collectable and the seventh straight week that a non-sports card was the best performing asset.
Leading this week was the Andre the Giant Game Used Jockstrap which climbed 92.76%. Even as the jockstrap nearly doubled its market cap, the offering is still down -1.9% this month and has dropped -22.5% from its IPO price. Closing in second was the 2006-07 Chris Bosh Air Force 25 Sneakers which gained 41.18% and the Wilt Chamberlain High School Uniform added 37.5% to its valuation to close in third. The Wilt High School Uniform is down -17.7% over the past thirty-days but is trading 120% above its IPO market cap. With the top three assets all representing sports memorabilia, the asset class gained 1.78% on average.
One of the newest assets added to the Collectable secondary market delivered the worst return this week as the 2003 NetPro Elite Glossy Rafael Nadal Rookie Card fell -50%. Closing as the second-worst asset were the 2016 Game Worn Kobe Bryant Sneakers which tumbled -39.78%. Tennis was the worst performing sport this week with a -25% average while hockey closed in second-to-last with a -11.09% ROI. Sports cards slipped -0.67% this week as cardboard has continued to struggle on Collectable.
Wrestling-related assets climbed 11.92% last week and then added another 49.85% on average this week to close as the best-performing sport. In total, 191 assets traded the entire week with an average return of -0.09% and a median return of 0%.
After two straight weeks of positive average returns, the weekly average ROI on Otis closed in the red as the platform finished with a -3.81% ROI across 115 traded assets.
Leading this week was the Giant Sized X-Men #1 which gained 35.32%. The comic book which features the first appearance of the new X-Men is now up 280% over the past year and has added 18% in the past six months. In second was the FEWOCiOUS NFT which gained 34.62% while another comic, the Special Edition #15 closed in third with a 33.33% gain. Comic books gained 14.88% on average and finished as the only asset class to return a positive average return this week on Otis.
Card games were the best-performing asset class last week with an 18.5% average return but were the worst-performing sector this week with an average ROI of -21.03%. Books bounced -19.35% lower while NFTs slipped -7.91%. Katherine Bernhardt's 'Sneakers, Computers, Capri Sun' fell -58.57% to close as the worst-performing asset while the First Edition Venusaur tumbled -58.11%. Overall, ten different assets fell at least -28% this week on Otis while only three assets gained at least 28% or more.
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