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Trades and Trends: November 25th, 2022
November 25, 2022

Trades and Trends: November 25th, 2022

By 
Keenan Flack
Analyzing trade 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 portfolios.
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Auction Action: Goldin October Elite Sports Auction
Auctions

Auction Action: Goldin October Elite Sports Auction

By 
Bradley Calleja

Another million-dollar card?

The most expensive tennis memorabilia?

Hockey and Mantle cards continuing to climb in prices?

There are plenty of storylines worth watching in tonights October Elite Sports Auction hosted by Goldin and in this edition of Auction Action we preview the top lots to watch heading into the final bids.

Lots to Watch

Lot #1: 2003-04 Upper Deck Exquisite Collection Rookie Patch Autograph (RPA) #78 LeBron James BGS 9.5/10

We might see the 40th million-dollar sports card sale of 2022.

Emphasis on the might though.

The October Elite Auction hosted by Goldin is led by an Upper Deck Exquisite Collection LeBron James RPA (BGS 9.5/10) which currently carries a high bid of $2.28 million. The problem is that the card has failed to meet its reserve. The last sale for a BGS 9.5 graded example was for $1.1 million in 2020 and the last sale for a BGS 9 was $1.2 million - which shows the appreciation experienced over the last two years by LeBron's premier rookie patch auto. The RPA up for auction has perfect subgrades for centering and surface with mint grades for edges and corners. While the LeBron card still sits below its mystery reserve price there is some hope for an active extended bidding session. There were eight new bids placed yesterday, October 21st, which pushed the total bids up to 23, a fitting number for the King. Whether or not that late action will translate to the card actually reaching a price that would trigger a sale though remains to be seen.

Lot #2: 2007-08 Upper Deck Exquisite Collection Dual Logoman Autographs #DL-BD Kevin Durant/Kobe Bryant Dual-Signed Logoman Patch Card

Two of the greatest scorers of the modern NBA are featured on the same card and the 1 of 1 will sell this weekend at Goldin for at least $600,000 based on the current bids. The logoman is graded authentic by PSA and features the autographs of both superstars in blue ink. The Durant logo patch was worn by KD during his rookie photoshoot while the Kobe patch is game-worn. Between the two stars are 30 All-Star Game appearances and more than 59,000 total points. With Kobe already in the Hall of Fame and Durant headed there after his playing days are over, this unique card offers an opportunity to add the likes of two of the leagues greatest scorers of the 21st century within one purchase.

Lot #135: Sept. 7, 2022 – Carlos Alcaraz U.S. Open Men's Quarterfinals Match-Worn, Photo-Matched, Signed Nike Vapor Pro Sneakers

There is no tennis player captivating fans more than Carlos Alcaraz and while NetPro released the first card set dedicated to the young Spanish star earlier this year, the memorabilia market finally has a monumental piece to showcase. This pair of Nike Vapor Pro Sneakers were worn by Alcaraz during his U.S. Open Quarterfinal match against Jannik Sinner. Arguably the best showing from Alcaraz in his young but already impressive career, the No. 1 singles player in the world managed to stave off an upset bid from Sinner and prevailed in five sets to advance to the semifinals. The match lasted more than five hours and and added more story and lore to the legend of the player who has already been crowned as the future of the sport. With players like Serena Williams, Rafael Nadal, and Roger Federer in the twilight of their careers, the multinational sport of tennis will be desperate for its next superstar - with Alcaraz currently the flag-bearer for the future. These sneakers have garnered 24 bids already and are priced in excess of $30,000 heading into the final hours of the event.

Lot #22: 2015-16 Upper Deck The Cup Rookie Patch Autograph (RPA) #197 Connor McDavid Signed Patch Rookie Card

The grail of modern hockey makes yet another auction appearance, this time incased with a BGS 9.5 slab. Earlier this year, Heritage sold a PSA 10 of the 2015 UD Connor McDavid RPA for $228,000 and established a new record for any modern hockey card. This example set to sell at Goldin has reached $122,400 through 21 bids and will easily become the most expensive 9.5 ever sold at auction. This is the highest graded copy within the Beckett census and displays an impressive multicolored patch which showcases the Oilers iconic blue and orange. While a new modern hockey record could be out of reach, any price in excess of $120,000 is already a strong performance for a card that lost sold in 2020 for less than $50,000.

Lot #49: 1952 Topps #311 Mickey Mantle – PSA VG+ 3.5

Could we have the first six-figure 1952 Topps Mickey Mantle in a PSA 3.5? In recent reports we have highlighted the increase in Mantle prices after the record-breaking $12.6 million sale which occurred earlier this year. This PSA 3.5 at Goldin has already reached $80,000 with buyer's premium through 27 bids and with a current record of $94,5000, which was set via eBay earlier this month, this card looks poised to breakthrough the $100,000 mark. To highlight just how much these cards have climbed in valuation, in December, one sold for $56,400 while two other examples sold between $60,000 - $65,000. Since June, the last three sales of PSA 3.5's have all closed above $75,000.

Want to get more great insights and access to powerful tools to help guide your investment strategy? Signup for Altan Insights now.

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.

Trades and Trends: October 21st, 2022
Market Commentary

Trades and Trends: October 21st, 2022

By 
Keenan Flack

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. We are beginning coverage of Public after alternative assets from Otis transitioned to their platform.

Rally

This Week:

Assets that traded positively: 83

Assets that stayed the same: 195

Assets that traded negatively: 79

Last Week:

Assets that traded positively: 102

Assets that stayed the same: 157

Assets that traded negatively: 94

Collectable

This Week:

Assets that traded positively: 52

Assets that stayed the same: 109

Assets that traded negatively: 56

Last Week:

Assets that traded positively: 37

Assets that stayed the same: 86

Assets that traded negatively: 86

Public (formerly Otis)

This Week:

Assets that traded positively: 13

Assets that stayed the same: 1

Assets that traded negatively: 14

Last Week:

Assets that traded positively: 14

Assets that stayed the same: 0

Assets that traded negatively: 14

Want to get more great insights and access to powerful tools to help guide your investment strategy? Signup for Altan Insights now.

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.

Quick Hits: Reacting to the PWCC October Premier Auction
Auctions

Quick Hits: Reacting to the PWCC October Premier Auction

By 
Dylan Dittrich

We're well into the last quarter of the year, and the modern sports card market will have its work cut out for it to turn 2022 into a winner. If there is to be a turnaround, it hasn't started yet. Values in the modern space continue to struggle, but while the trajectory broadly remains downward, the October Premier Auction at PWCC was not without highlights and interesting storylines. Let's dive into a few of them.

Brady, the tax-loss machine

For the second time in three months, a Brady Championship Ticket holder locked in a brutal loss on the card. This time, a BGS 9 copy which last sold at Leland’s in June of 2021 for $3.107 million fetched just $2.4 million, a 23% loss before even deducting buyer’s premium or fees.

This comes just two months after a BGS 8.5 example sold at PWCC for $1,200,000, a mere $840,000 lower than it was purchased for in February. 

There are two possibilities: 1) some high-end card buyers are really living on the edge in terms of liquidity, or 2) they don’t see the market bouncing higher in the near-term and are inclined to recognize the loss for tax purposes as we head into year end. Still, a tax write-off can only do so much to ease the sting of losses approaching seven-figure levels on a single piece of cardboard. 

Trout still a seven-figure man

Photo: PWCC

Mike Trout’s Rookie Red Refractor Auto managed to eek into seven-figure territory, selling for $1,080,000. The card, graded BGS 9.5, last sold at Goldin in May of 2020 for $922,500. So, while there was appreciation, it likely inflicted losses on the seller after accounting for buyer’s premium & fees. Still, it’s somewhat impressive to see Mike Trout cards continuing to push into this territory. The last sale came before the record-setting Superfractor sale, at the very earliest stages of modern card mania. Here we are two and a half years later, encompassing three baseball seasons in which Trout played just 208 games total, and at least to somebody, the card is worth $1 million. This result also comes against the backdrop of a broad Mike Trout market that has largely been in freefall.

Worth noting: the two seven-figure sales at this event bring 2022 within just two tallies of 2021's total for seven-figure (or higher) sports auction sales.

All rise! Card values included…

All it took was breaking a decades-old record, but Aaron Judge’s cards appear to have found a new level, and sellers are capitalizing. There were six five-figure Judge sales in this auction, which I assure you is more than any other event in history. 

His Orange Refractor rookie auto, graded PSA 10, sold for $66,000, nearly tripling the $22,800 result from just over a year ago. Similarly, that card in a BGS 9.5 grade sold for $27,600, territory reserved only for PSA and BGS 10s until spring of this year. 

A bump in values amidst the excitement of a record chase was always likely, but it’s often the best time to be a seller rather than a buyer. Now, the question is whether it can be sustained when the dust begins to settle.

Josh Allen hurdles the pack

For whatever reason, despite his obvious talent and the Bills’ relentless rise, Josh Allen cards had fairly consistently lagged the rest of the young quarterback crop over the last two years. But no more!

In this event, his BGS 9 National Treasures RPA (/99) outsold the same card of Herbert, Burrow, and even Mahomes, though importantly, the latter’s patch was single-color. To see Allen so frequently present amongst the highest sales - he accounted for 8 of the top 12 ultra modern football sales - is somewhat new, but it might be time to start getting used to it. Notably, two Josh Allen 2018 Super Bowl Ticket 1/1s sold for over $100,000. The only other quarterbacks to reach six-figure territory in the event were Mahomes and Brady.

Zion is back! But to little fanfare…

Photo: PWCC

It was a tough 2021 and early 2022 for Zion Williamson. Injuries derailed a promising start to his NBA career, and with those injuries came myriad questions about the sustainability of his stardom, his conditioning, and his future. Card values responded in turn, and Zion cards became one of the primary cautionary tales around ultra-modern collecting through the boom. 

But Zion showed up for the 2022-23 season in what appears to be incredible fighting shape. He’s lean, happy, and explosive, and the on-court results thus far are encouraging. In the Pelicans’ season debut, Zion accumulated 25 points and 9 rebounds in a convincing win over the Nets. With Williamson healthy, the Pelicans suddenly look like a threat in the Western Conference.

But….the card market isn’t responding just yet. 

The $78,000 sale of his BGS 9 National Treasures RPA is just off of two year lows. Similarly, the $20,400 sale of his BGS 9.5 Mojo Prizm is the lowest since April of 2020. While Zion may very well reclaim his place amongst the sport’s most collectable players, it’s perhaps refreshing to see that the market has learned it may be best to take a wait-and-see approach. 

One card that seemed to fly under the radar: the Flawless Zion/Ja Morant Dual Rookie Logoman, featuring game-worn/used material. That card sold for $87,000, which feels light given Zion's return, Ja's rising collectability, the strengthened hopes of both of their teams, and the Flawless Logoman hype in 2022.

Not so fast, Carlos.

The arrival of Carlos Alcaraz cards to the secondary market coincided beautifully with his epic triumph at this year’s US Open. Just as the young Spaniard was outlasting foe after Foe (see what I did there?) in marathon matches, NetPro’s latest prizes were being delivered to new homes, routed to grading agencies, and prepared for the auction block. The early action in his patch autograph cards was perhaps a bit overwrought (as we pointed out in our Q3 report) with raw cards selling for $20,000+ and a PSA 8 drawing $32,000 at Goldin. Those sales placed Alcaraz values in the realm of Roger Federer - ironic, because the most expensive Alcaraz card is an homage to those iconic Federer and Serena apparel patch autos. 

Those wrongs were righted at PWCC though, as Federer’s 2003 NetPro Patch Auto, graded BGS 9.5, sold for $84,000. That’s down from $110,000 in February, but a hearty premium to the $43,200 paid for a BGS 9 in May. 

Alcaraz’s 2022 RPA, graded SGC 8.5 and numbered to 50 rather than the 25 for Federer’s card, sold for $9,600. While that represents a cooling from the heights of his market in the aftermath of the victory, it’s still an impressive tennis result for a player with one Slam to his name. Notably, it also trails the $14,400 paid for a PSA 10 copy of Rafael Nadal’s 2003 NetPro Elite Glossy card, the highest result for that card to date at PWCC.

How many goals does Haaland need to score?

Photo: PWCC

Erling Haaland currently has 15 Premier League goals in 10 appearances and 20 goals in 13 appearances across all competitions. Those are absolutely outrageous numbers. Coming into the season, the otherworldly striker’s card market had been consistently softening. While the softening seems to have stopped, the market hasn’t leapt off the bottom just yet.

Haaland’s Topps Chrome Bundesliga Orange Refractor, graded PSA 9, sold for the exact same amount that it did in August: $16,800. A BGS 9.5 copy of the same card wasn’t much higher at $21,600, which is just below an April 2022 sale. 

Similarly, his Gold Refractor Auto in PSA 10 condition sold for $34,800, a shade above a $33,000 May sale. Given the challenged broader market since May though, that may signal some growing Haaland momentum. 

The top result of the event for a Haaland card was $38,400, paid for his UEFA Champions League Red Refractor in BGS 10 condition, not as coveted as the Bundesliga Red Refractor.

Want to get more great insights and access to powerful tools to help guide your investment strategy? Signup for Altan Insights now.

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.

Auction Action: Heritage Auctions and The Mantle Market
Auctions

Auction Action: Heritage Auctions and The Mantle Market

By 
Bradley Calleja

Yes, we are still talking about it.

In August, Heritage set a sports collectibles record with their $12.6 million sale for a SGC 9.5 graded 1952 Topps Mickey Mantle. Prior to that sale, we explored what a breakout result could mean for the overall Mantle market (you can find that article here). So far, the market has responded well with new records established across a variety of grades and grading agencies.

The October Showcase Sports Auction at Heritage carries multiple lower graded Mantle cards worth watching as we continue to evaluate the sector after the record-breaking Summer sale.

Monitoring the Mantle Market

The highest graded Mantle card at the October Showcase is a SGC 4 '52 Topps Mantle - the same set that established the record. This particular card enters the auction after a different SGC 4 recorded the first six-figure sale ever for a like-graded example. That sale occurred in September at Heritage and marked the third straight sale in which the result bested the previous price paid at auction. Although the $102,000 price is an impressive result, it actually only marked a slight increase from the previous high established in 2021. Heritage sold two SGC 4's, one in May 2021 and another in November. The two cards sold for $93,000 and $99,000 respectively before prices in 2022 fell as low as $55,200. The $102,000 sale was 85% higher than the first SGC 4 sale in 2022 and even 26% higher than an $81,000 sale that occurred in May. The direction of the SGC 4 Mantle market now hinges on the fifth sale of the year for like-graded examples. The card carries an estimate of $100,000 and is currently priced at $57,500 heading into the final days of auction.

The trickle-down of the $12.6 million Mantle sale is also impacting lower graded SGC cards from the 1952 Topps set but just not at the same level as with higher graded copies. If there has been any noticeable impact within the sales of lower graded Mantle's, it might revolve more around the auction volume and less the auction prices. In the eight months between January and August of this year there had only been two SGC 3 graded 1952 Topps Mantle cards sold publicly at auction. In the three month span of August and October there have been four sales including a $78,000 result that stands as the second highest price paid for a SGC 3. The record, which was set in February 2021, is $84,000 and occurred at Heritage just two months after one went for $31,200 and three months before prices fell back below $50,000. The rollercoaster in prices has seemingly slowed as the last five sales have all closed between $63,000 - $78,000 and the SGC 3 set to sell at Heritage is poised to settle within that same range. At the time of publication, the SGC 3 has actually matched the SGC 4 as both are priced at $57,500 with two days remaining.

The PSA market has also experienced a boost in valuations although in the case of PSA 3 graded 1951 Bowman Mantle's, the boost could be better defined as a recovery. As you can see from the chart below, prices in 2022 fell, and then stabilized for a minute, before they fell even more. Then, in August, after prices had established a new low and dropped below $13,000 for the first time in more than a year, something record-breaking happened from an entirely different Mantle from an entirely different card set. That headline sale still sent a ripple effect through the 1951 Bowman market and prices have steadily climbed with the last three sales since the $12.6 million result all building off one another. The last price, $22,800 via Goldin in September, is the highest price paid for a PSA 3 since Q1 and is nearly 90% higher than the $12,600 paid for a different PSA 3 in July. There is also a PSA 2 graded 1952 Topps Mickey Mantle up for auction this week at Heritage which could be positioned to set a new record for the card in that grade although sales data has been limited. This Heritage sale will be the first PSA 2 sold since the SGC 9.5 sale and will be compared to the last price of $61,000 which was realized via eBay in July.

(Other) Lots to Watch

Lot #57960: 1967 Ice Bowl Lambeau Field Green Bay Packers Goal Post Section

Alright, this piece of football history is cool... literally.

On December 31, 1967, the Green Bay Packers welcomed the Dallas Cowboys to Lambeau Field for the NFL Championship Game. The game-time temperature was a brisk −15 °F with a wind chill of −48 °F. To make matters worth, the heating system at Lambeau failed which led to a frozen field and helped dub the game 'The Ice Bowl'. There were multiple people in attendance at the game who had to be hospitalized for hypothermia and one elderly fan died due to the exposure to the extreme conditions. The Packers went on to win the game 21-17 and somehow, fans who braved the weather still had the energy to storm the field and knockdown the goal post. The post was carried through town and left at a machine shop in Green Bay to be cut into small sections. One of those section with a letter of provenance is now on the market and will sell via Heritage this weekend. The 2x4 yellow post piece has reached a price of $5,500 and remains one of the only items from the infamous Ice Bowl that is still available for the public to own as many artifacts have been preserved by the Pro Football Hall of Fame.

Lot #57419: 1984 Star Co. Michael Jordan Rookie #101 PSA NM 7

Earlier this year PSA announced that they would once again start grading the 1984 Star set after a scandal in the 1990s rocked the sports card world. At the high end, prices have climbed initially but there is a growing discomfort within collectors as the set due to the increasing population count. In August, PSA 7 prices surged above $30,000 but have since retreated back near $20,000 as sale volume has increased and the PSA 7 population is likely to grow due to the recent changes. The PSA 7 at Heritage is now priced at $19,200 with buyer's premium and will be an interesting sale to watch as the '84 Star Jordan card continues to experience increased volatility.

All Images via Heritage Auctions

Want to get more great insights and access to powerful tools to help guide your investment strategy? Signup for Altan Insights now.

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.

The Hard Way or the "Yeezy" Way? Is the Yeezy Market Tanking Yet?

The Hard Way or the "Yeezy" Way? Is the Yeezy Market Tanking Yet?

By 
Dylan Dittrich

After teetering on the brink of self-destruction for months, Kanye West - or Ye as he’s now known - has totally derailed over the last few weeks, evolving from a persistent nuisance into a purveyor of downright dangerous and damaging comments. These comments, which are most frequently grounded in complete nonsense shared as facts and truths, have forayed into arenas of overt anti-Semitism, crossing what few lines were left for Ye to cross. 

Adidas has placed the Yeezy relationship “under review”, but it seems inevitable that the partnership’s days are numbered. The most fervent - and delusional - Ye supporters will argue that this is precisely what he wanted to achieve with his misbehavior: freedom of the Yeezy brand from the corporate constraints that make him hundreds of millions of dollars annually. 

But if these are the lengths to which a person is willing to go just to escape from an incredibly lucrative business arrangement that he agreed to in the first place, what kind of person are we really dealing with?

West has pushed Adidas to its limits for months now, publicly harassing employees and challenging the company to sever ties. So why haven’t they? 

The Yeezy partnership has been a massive success for both parties. In 2014, at a time when Adidas was hurting most, the Yeezy line breathed new energy and hype into a company that had seemingly lost any grip on the modern sneakerhead. Suddenly, an Adidas product was just as popular and culturally-relevant as a pair of Jordans. 

The business has grown remarkably, and most estimates peg Yeezy as responsible for somewhere between 7-10% of Adidas sales. Importantly, this does not account for any halo effect, which sees the hype from Yeezy products spill over into the sales of Adidas product of a similar aesthetic. That halo effect has been a source of dispute for Ye in recent months, eliciting complaints that Adidas is copying his designs. Of course, those that follow the sneaker space have come to learn that this is one of the main reasons for a collaboration, if not the entire point. Sell limited quantities of a hyped product -> sell much larger quantities of a similar, but less desirable product. 

Yeezy products have been so sought-after throughout the partnership that many a full-time job has been quit by those successfully pursuing the business of Yeezy-flipping. With an advantage in sourcing product at retail prices - whether via bots, plugs, or otherwise - resellers had previously been able to generate significant profits selling Yeezys for a healthy premium. 

Yeezys had enjoyed a market position as the “it” product, with demand comfortably exceeding supply. In recent years, though, and at West’s own behest, Adidas has taken steps to democratize Yeezy product, frequently restocking popular silhouettes and colorways to ensure that end-buyers could acquire them at more reasonable prices. Those efforts, in tandem with broader, macro softness in the sneaker market, have meant dwindling resale premiums and falling secondary market prices.

Now, as the product’s namesake embraces villainy, it's time to see if people will take further action with their wallets. Fortunately, the sneaker market has matured to a point where market pricing adapts quite quickly to shifts in demand, particularly in more liquid pairs. So we can, in fact, assess how the market is responding to the latest controversy: have Ye’s missteps begun to impact demand for Yeezy products, or has the art dissociated from the artist?

Using data from Alias by the GOAT Group, we evaluated how a rolling average of the last three sales has changed over the last month. We analyzed a sample of 100 different pairs, representing a vast variety of silhouettes and colorways, controlling only to ensure that the pairs sampled did have sufficient sales activity to reflect market movement. 

Do we have our answer? Are consumers fleeing Yeezy in droves?

Not really, at least not yet - to both questions.

Data gathered 10/17

Over the last month, the value of the 100 pairs sampled has declined 2.03% on average. Nothing to sneeze at, but hardly a definitive statement of protest either. That figure is not significantly dissimilar to what we’ve seen in other brands over the same time period. Nonetheless, cracks are beginning to emerge. 

Data compiled 10/17

Of the 100 pairs, 68 pairs have lost value, with the vast majority clustering in the range of a small loss. Far more, though, have lost more than 5% than have gained more than 5%, by a ratio of nearly two-to-one. 

More importantly, new releases continue to show significant weakness. On average, Yeezy sneakers that have released in the month of October are trading on secondary markets at a 16% discount to their retail price. Keep in mind: it used to be the norm that releases would trade at a significant premium. Now, October’s releases have not been a veritable all-star lineup of Yeezy products, but the weakness can have knock-on effects.

At this point, most Yeezy products continue to sell out, but a greater number of releases selling at discounts on the secondary market will remove resellers from the buying pool at retail. Once products begin to sit and sell for lower resale prices, hype can be difficult to recapture. So in that regard, small, incremental reductions in demand can have a significant impact on bottom lines over time. One potential factor bolstering prices: some market participants might believe this will be the end of production for those products and are considering the impact of diminishing supply.

Ye's grip on further royalties is tenuous, weakened by both the impending dissolution of the Adidas deal and weakening demand. For those that love the product but not the “creator”, there may be opportunity for dissociation. In the wake of a partnership in ruins, Adidas could opt to sell certain products under new names - legal experts in the sneaker world have suggested it’s very likely that Adidas owns the intellectual property. 

One thing’s for sure: there will be lawyers.

We’ll know much more about the appetite for Yeezy through the holiday season, with a number of popular colorways set to release in November and December. Keep in mind: lead times for sneakers are very long, meaning these plans were likely set in motion well over a year ago. In the meantime, there are a lot of sneakers out there available to consumers who are not eager to offer any show of support - perceived or otherwise - for the embattled musician.

Want to get more great insights and access to powerful tools to help guide your investment strategy? Signup for Altan Insights now.

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.

Index Update: The Week Closing 10/14/2022
Market Commentary

Index Update: The Week Closing 10/14/2022

By 
Dylan Dittrich

Last Week: 765.08

This Week: 779.40

Performance Last Week: +1.9%

Performance Year-to-Date: -25.1%

Performance Quarter-to-Date: +0.9%

Top 3 Index Performers Last Week (%)

1. Michael Jordan Shattered Backboard Jordan 1 (Public) +40.7%

2. 1999 First Edition Pokemon Charizard Holo (Public) +38.4%

3. 1986 Michael Jordan Fleer Rookie (Collectable) +36.5%

Bottom 3 Index Performers Last Week (%)

1. LeBron James Carmelo Anthony Dual Logoman (Collectable) -53.1%

2. DOB and Arrows: Patchwork Skulls by Murakami and Abloh (Public) -45.7%

3. CryptoPunk #543 (Public) -34.0%

Want to get more great insights and access to powerful tools to help guide your investment strategy? Signup for Altan Insights now.

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.

All information provided by Altan Insights is impersonal and not tailored to the needs of any person, entity or group of persons. Past performance of an index is not an indication or guarantee of future results.

It is not possible to invest directly in an index. Exposure to an asset class represented by an index may be available through investable instruments based on that index. Altan Insights does not sponsor, endorse, sell, promote or manage any investment fund or other investment vehicle that is offered by third parties and that seeks to provide an investment return based on the performance of any index.  Altan Insights is not an investment advisor and makes no representation regarding the advisability of investing in any such investment fund or other investment vehicle. A decision to invest in any such investment fund or other investment vehicle should not be made in reliance on any of the statements set forth in this document. Prospective investors are advised to make an investment in any such fund or other vehicle only after carefully considering the risks associated with investing in such funds, as detailed in an offering memorandum or similar document that is prepared by or on behalf of the issuer of the investment fund or other investment product or vehicle.  Inclusion of a security within an index is not a recommendation by Altan Insights to buy, sell, or hold such security, nor is it considered to be investment advice. Closing prices for Altan Insights indices are calculated by Altan Insights based on the closing price of the individual constituents of the index as set by their primary marketplace.

These materials have been prepared solely for informational purposes based upon information from sources believed to be reliable. Altan Insights does not guarantee the accuracy, completeness, timeliness or availability of the Content. Altan Insights is not responsible for any errors or omissions, regardless of the cause, for the results obtained from the use of the Content.

Trades and Trends: October 14th, 2022
Market Commentary

Trades and Trends: October 14th, 2022

By 
Keenan Flack

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. We have paused our Trades and Trends coverage of Otis/Public and will resume next week.

Rally

This Week:

Assets that traded positively: 102

Assets that stayed the same: 157

Assets that traded negatively: 94

Last Week:

Assets that traded positively: 76

Assets that stayed the same: 162

Assets that traded negatively: 110

Collectable

This Week:

Assets that traded positively: 37

Assets that stayed the same: 86

Assets that traded negatively: 86

Last Week:

Assets that traded positively: 30

Assets that stayed the same: 76

Assets that traded negatively: 103

Want to get more great insights and access to powerful tools to help guide your investment strategy? Signup for Altan Insights now.

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.

Trades and Trends: October 28th, 2022
Market Commentary

Trades and Trends: October 28th, 2022

By 
Keenan Flack

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

This Week:

Assets that traded positively: 101

Assets that stayed the same: 179

Assets that traded negatively: 83

Last Week:

Assets that traded positively: 83

Assets that stayed the same: 195

Assets that traded negatively: 79

Collectable

This Week:

Assets that traded positively: 36

Assets that stayed the same: 100

Assets that traded negatively: 74

Last Week:

Assets that traded positively: 52

Assets that stayed the same: 109

Assets that traded negatively: 56

Public (formerly Otis)

This Week:

Assets that traded positively: 10

Assets that stayed the same: 7

Assets that traded negatively: 11

Last Week:

Assets that traded positively: 13

Assets that stayed the same: 1

Assets that traded negatively: 14

Want to get more great insights and access to powerful tools to help guide your investment strategy? Signup for Altan Insights now.

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.

Trades and Trends: November 4th, 2022
Market Commentary

Trades and Trends: November 4th, 2022

By 
Keenan Flack

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

This Week:

Assets that traded positively: 66

Assets that stayed the same: 176

Assets that traded negatively: 126

Last Week:

Assets that traded positively: 101

Assets that stayed the same: 179

Assets that traded negatively: 83

Collectable

This Week:

Assets that traded positively: 27

Assets that stayed the same: 98

Assets that traded negatively: 85

Last Week:

Assets that traded positively: 36

Assets that stayed the same: 100

Assets that traded negatively: 74

Public (formerly Otis)

This Week:

Assets that traded positively: 7

Assets that stayed the same: 4

Assets that traded negatively: 17

Last Week:

Assets that traded positively: 10

Assets that stayed the same: 7

Assets that traded negatively: 11

Want to get more great insights and access to powerful tools to help guide your investment strategy? Signup for Altan Insights now.

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.