Trades and Trends by Altan Insights: July 17, 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.

Rally

Although only four assets on Rally finished positive, their performances were strong enough to give the platform a 12.84% average return for the week. The 1985 NES Ice Climber nearly doubled its market cap, rising 96.30% to close as the best-performing fractional asset. The Hermès 35CM Picnic Kelly gained 63.33% and two cars- the 1992 Corvette ZR1 and 1994 Lamborghini Jalpa jumped 62.16% and 35.29% respectively.

Video games were the best-performing asset class, carried entirely by Ice Climber but cars featured three different offerings and gained 32.08% on average. Three different sports cards traded this week on Rally with an average return of -14.14% while card games tumbled -13.64%. The 1996 Kobe Bryant Finest Refractor and 2000 Pokémon Neo Genesis Lugia both dropped -27.27%. The median return on Rally was -0.61% and fourteen different assets traded with three closing their sessions unchanged. 

Collectable

Note: Only assets that traded for the entire week are included in data calculations and graphs.

Ten different assets gained at least 23% this week on Collectable as the platform returned another positive week on average. The Kevin Durant Chrome Refractor jumped 61.54% to set the pace while vintage sports cards and memorabilia also returned a strong week. Six of the ten best-performing assets were pre-1960’s baseball offerings with Mickey Mantle and Willie Mays leading the way. The 1952 Topps Mickey Mantle gained 41.84% after Memory Lane Auctions sold a Mantle from that set with the same PSA 8 grade for $2.1 million. The Mantle now has a $970,000 market cap which still sits well below the auction result. The Topps Willie Mays basket gained 41.43% and a 1955 Sandy Koufax rookie card jumped 33.85%. Sports cards returned 4.02% on average while sports memorabilia gained 3.42%. The average return on the platform was 3.88% and 78 different assets traded during the week. 

Basketball and baseball were the best-performing asset classes, gaining 8.70% and 4.55% on average respectively. Modern baseball cards struggled during the week as four of the ten worst-performing assets featured cards produced between 2015-2017. In a negative catalyst, Ronald Acuna suffered a season-ending ACL injury and his 2017 Gold Refractor fell -42.62%. Hockey was the worst-performing asset class this week as the 2005 Alexander Ovechkin dropped -16.67%. 

Otis

Note: Only assets that traded for the entire week are included in data calculations and graphs.

Otis returned another positive week with an average platform return of 1.52%. Lionel Messi helped Argentina secure their first international trophy in 28 years and investors in his 2004 La Liga rookie card cashed-in on the catalyst. The Messi card was the best performing asset on the platform, gaining 45.71% while the basket of five Air Jordan 1’s added 31.62% to finish second.  The Original Apple iPhone jumped another 27.68% after gaining 60.9% last week. The first fractionalized phone is now up 233.33% since IPO and the 2G device helped memorabilia finish as the best-performing asset class on the week. 

Six different assets gained at least 25% and sneakers made up 3 of the top 10 best-performing individual offerings. Sneakers as an asset class gained 3.42% overall while video games, comic books, art, and sports cards all returned positive weeks. 

For the second straight week, sports memorabilia was the worst-performing asset class on Otis. The Michael Jordan AJ1 Player Exclusives fell -32.96% and the sector slipped -7.32% on average. Card games were the only other asset class to finish in the red on Otis as the Pokemon 1st Edition Blastoise dropped -9.09%.


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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.