Trades and Trends by Altan Insights: May 7, 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

The average return on Rally climbed this week and closed in the green as the platform finished with a 1.95% return across 311 traded assets. The best-performing assets this week were all trading well-below their IPO market caps, potentially signaling a rotation into oversold offerings.

Leading the way this week was the 1992 Michael Jordan Game-Worn Air Jordan 7's which jumped 94.12% Even while the Jordan's nearly doubled their market cap, the sneakers are still down -17.5% since IPO. Finishing as the runner-up was the 1997 Playstation Final Fantasy VII which climbed 90%. The 90s video game is still trading -28.75% below its IPO price but its performance this week helped propel video games to a 5.84% average return on Rally overall. Closing in third was the 2009 Topps James Harden Chrome Refractor which gained 79% but is still down -31.15% since IPO. Harden and the 76ers are currently down 3-1 against the Miami Heat in the Eastern Conference semi-finals but could a rally in this series propel card values of the 10x All-Star?

While some video games soared this week, others tumbled. The 1986 NES Popeye plummeted -42.77% and is now trading -54.5% below its initial market cap. Rounding-out the bottom three was the 1978 Star Wars Obi-Wan Kenobi Figure which fell -34.38% and the 1994 SNES Donkey Kong Country which crumbled -30%.

Books have consistently lagged on Rally but this week the asset class closed as the second best-performing with an average return of 4.25%. Sports memorabilia moved 3.57% higher while NFTs gained 2.7%. Overall, eight of the eleven asset classes tracked by Altan Insights returned positive average performances this week while the only three to close with negative ROI's were comic books, luxury, and memorabilia.

Collectable

While this marked the third straight week of a negative average returns on Collectable, it also marked a historic week in regards to the best-performing asset. For the first time in Collectable's secondary market history, the best-performing asset was the same exact asset for two consecutive weeks.

For the fourth straight week, the best-performing asset on Collectable was a piece of sports memorabilia. The 2006-07 Air Force 25's worn by Chris Bosh gained 54.35% this week after leading all assets last week with a 58.62% return. The Bosh sneakers are now up 87.8% over the last month but are still down -29% since IPO. Closing in second this week was the Willie Mays 1956 Topps Gray Back which bounced 37.27% after falling -22.45% last week. Closing in third was the 1956 Topps Roberto Clemente Basket which gained 23.29% after it fell -16.47% last week.

The Kobe Bryant French Blue Jordan 12s were the worst-performing asset this week with a -43.57% return while the 1954 Wilt Chamberlain High School Uniform dropped -39.75%. Sports memorabilia was up 2.94% on average last week but fell -4.04% on average over the last five trading sessions. Sports cards also dropped and cardboard is now down more than -5% on average over the last two weeks on Collectable's secondary market. Tennis was the best-performing sport last week bu the NetPro Serena card dropped -21.15% this week to make the racquet sport the worst-performing this week. Basketball bounced -6.25% lower on average while boxing-related assets fell -5.04%.

Otis

For the second consecutive week, the weekly average ROI on Otis closed in the red as the average ROI this week settled at -0.34% across 116 trading offerings. It was a slight improvement as last week, the platform closed with a -1.82% ROI and this marks seven straight weeks of an unchanged median return as liquidity continues to be limited.

Leading this week was Kehinde Wiley's Saint Jerome Hearing the Trumpet which gained 42.57%. Last week the second best-performing asset was a video game, Contra, and a different game closed in second this week as the NES Metroid moved 42.31% higher. Medical Bills by MSCHF gained 31.73% to round-out the top three performers.

Books, which are represented by the first edition copy of Harry Potter, were the best-performing sector last week with a 22.53% return but fell this week as the Potter novel dropped -12.7%. The bottom three assets this week on Oris were all sneakers as the Dior x Jordan collab fell -47.37% and the the Nike "Freddy Krueger" SB Dunks dropped -45%. Sneakers closed the week with a -8.36% return while NFTs fell -1.03%. Memorabilia was the best-performing sector with a 6.93% gained and sports memorabilia moved 5.13% on average.

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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.