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Trades and Trends: July 23, 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

Make it four straight weeks of positive average returns on Rally as sports cards and trading cards closed with their best weekly average returns this quarter. In total, 9 of the 11 asset classes tracked by Altan Insights closed with positive ROIs this week as the average return settled at 2.7% after closing at an even 2% last week. Overall, 84 assets traded positively, down from 110 assets last week week while 77 offerings traded negatively.

The best-performing asset was the 1999 UD Retro Inkredible Michael Jordan Signed Card which soared 200% after falling -37.5% last week. Even as the 1990s Jordan card increased its by by 3x in a single, the asset is still trading -25% below its IPO market card. In second was another sports card, the 1960 Muhammad Ali Rookie from Hemmets Journal which jumped 155% but is still down -30% overall. In third was a comic book, the 1940 Action Comics #23 which gained 92% after falling -48% last week.

Closing in last this week was the book "I, Robot" which tumbled -37% and is now down that same amount since its initial offering. The 1990 NES Super Mario Bros. 3 slipped -31% and has dropped -17% overall since IPO while the 2017 PS4 Fortnite fell -30% which pushed its overall return to -48%.

Trading card games led all asset classes this week on Rally with an 8.4% average return while comic books bounced 7.3%. Sports cards closed at 6% and cars climbed 2.9% on average. This was the best week of trading on Rally overall since early in the first quarter as only one asset class, video games, fell more than -1%.

Collectable

The streak is over.

After 12 straight weeks in which the average weekly return on Collectable closed negative, the ROI of assets trading finished in the money as three different assets gained at least 100%. Overall, ten different assets gained at least 50% while only four offerings fell more that -50%. In terms of volume, the negative assets still outweighed the positives as 81 offerings closed the week with a negative average while 64 finished with a positive return. The average return closed at 2.64% across 203 traded offerings as the median ROI remained unchanged.

Finishing as as the best-performing asset this week was the 2020 Topps Chrome F1 Sapphire Orange Lewis Hamilton Card which climbed 335%. The Lewis Hamilton card opened for trading on July 14th and this marked the first full week of trading for the PSA 9 graded F1 card. In second was another card new to the Collectable secondary market as the 2005 UD The Cup Alexander Ovechkin RPA gained 170%. In its initial trading days, the Ovi RPA dropped its market cap below $211,000 but has since recovered and closed the week at a $573,075 valuation. The third asset to gain at least 100% were the 2002 Game Worn and Signed Kobe Bryant Sneakers which climbed 114.3% after falling -57.8% last week.

The worst-performing assets were the 1979 Topps Ozzie Smith Rookie Card which dropped -83.6% and the 2-15 Bowman Chrome Orange Refractor Cody Bellinger Card which fell -80%. While the returns at the top were high-flying, this still marked the first week where at least two different asset dropped -80% or more.

Sports cards outpaced sports memorabilia with a 4.7% ROI compared to the -3.7% return delivered by game-worn and game-used. Tennis-related assets gained 43.8% while hockey climbed 16% and boxing bounced 9.3%. Only three sports traded negatively this week as soccer slipped -3.5% and baseball dropped -2.9% on average.

Otis

Last week marked an impactful change on Otis as only the assets scheduled to migrate to Public traded. The 29 offerings, which currently includes all sneakers although the footwear will ultimately be merged into a single fund, gained 0.13% this week and closed with an unchanged median ROI.

Leading this week was the CryptoPunk #543 which climbed 35.7% while the WATA 9.4 graded copy of NES Super Mario Bros. gained 26%. Video games finished as the best-performing asset class (represented by multiple assets) this week as the sealed copy of NES Mike Tyson's PUNCH-OUT!! moved 26% higher. In total, four assets gained at least 20% while ten assets traded positively and eight closed in the red. The Air Jordan1 Modern Classics fell -37.4% to close as the worst-performing asset while the First Edition 1999 Shadowless Holo Charizard dropped -26.3%. NFTs gained 4.5% this week while sneakers slipped -2.1% on average.

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