Trades and Trends by Altan Insights: June 19, 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.
Non-sports assets continued to climb on Rally, helping the platform close the week with an average return of 2.91%. The positive performance comes on the heels of last week's 6.82% average return. Frank Herbert’s ‘Dune’ gained 57.5% during its trading session. The book now has a market cap of $31,500 which is 137.7% higher than its IPO price of $13,250.
The second best-performing asset on Rally was the 2002 BMW Z8 which added 31.58% to its market cap. The Hermès Bleu Lezard Birkin rose 5.25% while the Apollo 11 crew-signed copy of the New York Times appreciated by 3.09%.
The 1986 Fleer Wax Box followed a trend found at auction houses over the last few months as the sealed wax fell -30.77%. Bart Starr’s 1957 Topps Rookie Card dipped -14% while the 1988 Porsche 944 Turbo S dropped -5.59%.
Books were the best-performing asset class this week, gaining an average of 28.75% while sports cards were the worst-performing, falling -22.39%. Comic books and wine were the other two asset classes to drop on average while cards, luxury, and memorabilia all rose on Rally.
Assets on Otis gained 3.81% on average this week led by a diverse lineup of top-performers. Six of the seven asset classes that trade on Otis were represented this week in a list of their ten best-performing assets. CHROMADYNAMICA MSS by Felipe Pantone returned 34.15% and was followed by the Gameboy Pokémon Blue and Supreme Skateboards II which added 33.46% and 30% to their respective market caps. Luka Doncic’s Mojo Prizm gained 21.08% to lead all sports cards and a copy of Avengers #1 jumped 17.41% to set the pace for comic books.
Daniel Arsham’s ‘Grey Selenite Newspaper Machine’ fell -23.71% and the Air Jordan 1 Modern Classics dropped -18.61%. The worst-performing sports card was the 2003 LeBron James Chrome Refractor which slipped -5.9%. The LeBron card is now down 26.67% over the last month and -65.63% in the last 90 days. The card peaked in February at $40 per share but closed this week at $11.
Comic books were the best performing asset class this week, gaining 6.25% on average, rebounding from last week when they fell -4.26%. Every asset class except card games traded positively on average, with cards dipping -0.23%. This marks the second consecutive week card games have been the worst-performing asset on Otis- last week they dropped -13.57% on average.
Note: Only assets that traded for the entire week are included in data calculations and graphs.
Assets slipped slightly this week on Collectable but active baseball players turned a corner with strong returns. The 2014 Mookie Betts Blue Refractor added 23.08% to its market cap while the Corey Seager Orange Refractor jumped 16.17%. The top four best-performing assets this week were all from active athletes with Giannis and Jayson Tatum rounding out the list with gains of 15.71% and 12.30% respectively. Both Giannis cards on Collectable rose this week- possibly driven by the recent performance by the young NBA superstar. The “Greek Freak” is averaging 30.5 points and 12.8 rebounds through the first six games of the Eastern Conference semifinals.
Golf was the worst-performing sport, falling -8.78%. The losses were driven primarily by the 1990’s tournament putter used by Tiger Woods which tumbled -17.55%. The putter has now cut -30% from its IPO price of $210,000 and closed the week at a $147,000 market cap. Hockey also slipped this week, dropping -6.67% with the losses all from the 1979 O-Pee-Chee Wayne Gretzky card. Gretzky’s PSA 9 rookie has now fallen -15.1% over the last month but is still up 180% from its IPO valuation. Sports memorabilia fell an average of -5.87% while sports cards slumped -1.08%. The average return this week was -2.32% while the median was -1.49%.
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