Trades and Trends by Altan Insights: April 10, 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.
This week Rally featured 18 different assets on their secondary market across seven asset classes. Memorabilia gains were driven entirely by the performance of the Abe Lincoln portrait. Books and sports cards also turned in a positive week- gaining 4.41% and 3.56% on average respectively. Cars were the most prevalent asset class to trade with seven different offerings open for bids and asks. The sector continued to lag its peers, down 1.63% with the 1991 Mitsubishi 3000GT and 1989 Porsche 911 Speedster the only two from the space to finish positive.
Rally’s Thursday session was their least volatile of 2021, with a top to bottom range of only 11.81%. The Honus Wagner T206 Card led the day, gaining another 5.56% pushing its market cap to $950,000 and total return since inception to 82.7%.
Baseball bats continued to trend negatively with the 1962 Mantle World Series bat falling -6.25%. Books returned a positive week, up 4.41% with two assets trading. This coming Tuesday will feature a Rally trading session that will consist entirely of books, with 10 different offerings trading. George Orwell’s ‘Animal Farm’ and Winston Churchill’s ‘The Second World War’ both return to the trading floor after impressive returns during their last sessions- Orwell returned 150% and Churchill saw a 200% gain.
Breaking away from the trend found on Rally, two pieces of sports memorabilia led the way this week on Collectable, with the Ruth & Gehrig signed ball and 1954 Wilt Chamberlain Jersey gaining 17.86% and 17.14% respectively. It was a card on Collectable that pulled down their platform average for the week, with the 1952 Bowman Mantle (PSA 8) dropping 27.3%.
The 1979 O-Pee-Chee Wayne Gretzky Rookie Card gained 11.34% after two record-breaking auction sales. After Leland’s sold one for $259,501, Goldin Auctions closed a sale for $271,830. With a market cap of $180,900 heading into the weekend the Collectable card is still trading at a 47.5% discount to the Goldin sale.
The 1986 Fleer Michael Jordan Rookie Card continues to stand alone as the top return since inception with a 300% ROI. Out of 19 assets, only four are currently trading below their initial IPO price with seven assets up at least 50%.
Note: Otis weekly data is calculated from Saturday-Friday
Otis returned a positive week across multiple sectors with video games setting the pace, closing the week up 9.07% overall. Comic books, sports cards, and art were also trending up with card games and sneakers falling negative. Super Mario was the front-runner with both the 3rd edition game and original gaining over 20%. The 2002 Panini Cristiano Ronaldo card gained 22.69% for the week after Goldin closed a BGS 9.5 for $161,130. The Otis example is still trading well below that range with a market cap of $73,168 as of Friday.
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.