Trades and Trends: August 14, 2021
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.
For the first time since the platform introduced their current trading cycle, every single asset that traded this week on Rally closed the week positively. All 15 assets finished in the green with over half of the traded offerings gaining at least 24%. The 1998 Legend of Zelda: Ocarina of Time gained 325.53% to lead while the 1977 Marvel Star Wars #1 doubled its market cap. The 1998 N64 Zelda IPO’d in February at a $23,500 market cap but now has a price of $100,000. The example is just 1 of 3 graded WATA 9.6 with none graded higher. Cars also closed a strong week as The 1988 Lamborghini LM002 and 1971 Mazda Cosmos Sport gained 84.11% and 46.67% respectively. Even Pokemon, which has lagged on the platform over recent months, finished the week with an impressive return as the 1998 Kangaskhan Trophy Card climbed 29.49%.
Comic books and sports cards led as the most frequently traded asset classes with three offerings each. Cars closed with an average gain of 48.14% while sports cards added 8.27% on average. Sports memorabilia and wine were the only other asset classes represented by more than one offering. Sports memorabilia closed 26.71% higher on average while wine moved-up 17.65%. The average return on Rally was 49.41% with a median return of 26.51%. Both are the highest weekly average and median returns recorded by the platform’s secondary market to date.
Note: Multiple offerings traded Wednesday-Friday only as Otis re-opened with instant trading across all assets.
Assets on Otis returned 8.25% on average with a few massive winners setting the pace. Video games represented five of the top six best-performing assets as The NES Zelda II: Adventures of Link gained 150.25% to lead overall. Two other NES games, Super Mario Bros. and Golf, added 68.78% and 62.62% to their market caps respectively.
Police Car by Banksy slipped -29.29% while two Pokémon cards were represented in the bottom six performers this week. Video games were the best-performing asset class with an average return of 44.45%, significantly out-gaining the runner-up, Memorabilia, which climbed 16.71% on average. Luxury was the worst-performing asset class, tumbling -25% while card games fell -10.64% on average.
Note: Only assets that traded for the entire week are included in data calculations and graphs.
LeBron James and Willie Mays set the pace this week on the Collectable’s secondary market. The two athletes were represented in six of the top ten performing assets on Collectable and led with the top two returns this week. The 2003 Crystal Trio Card added 32.35% followed by the 1951 Bowman Original Photo which climbed 25%. The other Bowman Original Photo on Collectable- George Mikan’s 1948 example, also turned-in a strong week with a 21.31% gain. The 1951 Bowman Willie Mays Card- which is the cardboard example from the photo, jumped 13.79%.
The 1939 Ted Williams Play Ball Rookie Card slipped -32.14% while the 1954 Bowman Mickey Mantle Basket dropped -30.07%. Baskets lagged during the week as three of the ten worst-performing assets featured card bundles. The average return on Collectable was -0.57% while the median settled unchanged. Sports Cards fell -0.71% on average while sports memorabilia closed with a -0.12% return. Basketball was the best performing sport this week on Collectable with an average ROI of 2.76%. Hockey slipped -15.09% as the Sidney Crosby Rookie Basket slashed its market cap by -29.58%.
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