Trades and Trends by Altan Insights: June 12, 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.
In the first full week of June, trading on Rally showed promise with an impressive week. Coming off a month where the average return was -10.03%, the performance turned green on the platform with the average return this week reaching 6.82%.
Setting the pace on Rally was the 1975 Renault Alpine A1 10. The car gained 39.72%, outpacing the 2016 Chateau Petrus, which closed 30% higher. The 1979 Topps Wayne Gretzky card jumped 20% propelled by a recent record-breaking sale featuring the Topps’ cards Canadian cousin. The Gretzky card actually surpassed $1 million during the Monday trading session but ultimately settled at $960,000.
Performance on Rally was consistent- 82% of assets either gained or closed even and only two offerings dropped in value. The 2003 Topps Chrome Refractor LeBron James fell -30%, a trend found across all the fractional marketplaces this week. With the Lakers bounced from the NBA playoffs, LeBron’s quest for a fifth title is on hold for another year and the lack of any near-term catalyst resulted in sell-offs. The only other asset to fall during its session this week on Rally was the 1972 Nike Prototype “Moon Shoes” which dipped -12.50%.
The Nike “Moon Shoes” sale resulted in sports memorabilia returning the worst performance by an asset class this week while sports cards also fell -3.33% on average. Wine returned 19.12% followed by books and luxury which gained 11.11% and 9.66% on average respectively.
Note: Only assets that traded for the entire week are included in data calculations and graphs.
Collectable also returned a positive week on average with a 2.26% rate of return. The Manning/Favre/Marino Game-Worn Jersey Basket recovered from its early sell-off to gain 106.25% in five days. Three of the top four performing assets were pieces of sports memorabilia as the Ty Cobb T206 Original Photo and the 1951 Bowman Willie Mays Original Photo gained 43.94% and 20.74% respectively. It was a strong week overall for Willie Mays as his 1960 Topps card jumped 22.5%.
Vintage dominated on Collectable this week as eight of the ten top-performing assets all featured retired players. The 20000 Playoff Contenders Hobby Box and the 2018 Mookie Betts Glove were the only assets in the top ten that derive their value from active athletes. On the contrary, active players struggled during the week. The five worst-performing assets all featured cards from the 21st century. Jayson Tatum’s Panini Flawless Rookie Card fell -17.65% while Giannis cards dropped 14.99% on average.
Sports memorabilia returned 11.88% on average while sports cards fell -1.75%. Football, largely due to the jersey basket, was the best-performing asset class on the week, gaining 12.03% on average while Hockey was the worst, dipping -9.77%.
Assets on Otis fell flat this week- with the average return settling at -0.81%. Shoes were far and away the best performing sector as the top three performing offerings all came from the asset class. The AJ1 Modern Classics gained 69.94% on average while the Nike SB Dunks and Dior AJ1's both added at least 20%.
Giant-Size X-Men experienced a significant sell-off Friday, dropping -55% during a single session. Pokémon cards struggled this week as Mewtwo fell -36.98%, Pokémon Yellow dipped -19.33%, and Raichu’s market cap was cut by -15.45%. Card games were the worst performing sector, falling 13.57% on average while sneakers led on the platform, gaining 6.62%. Video games also performed positively this week, adding 1.56% on average as two NES games- Super Mario Bros. and the Tetris Collection jumped 13.58 and 12.5% respectively.
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