Trades and Trends by Altan Insights: May 1, 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.
Note: Only assets that traded for the entire month of April are included in data calculations and graphs.
Nineteen assets traded on Collectable for the entire month of April but thirty assets were trading as of April 30th. For consistency, we highlighted only offerings that traded throughout the entire month. Top-tier-talent led on Collectable in April as Patrick Mahomes, Michael Jordan, Tom Brady, Wayne Gretzky, and LeBron James were the featured athletes on the top five performing sports cards. The Mahomes RPA gained 30.43% while the MJ Nike Promo Basket jumped 27.5%.
The two worst performing assets for the month were Mickey Mantle cards. The 1952 Bowman Mantle fell -36.82% and the 1953 Topps Mantle dipped -12.86%. The ‘53 Mantle is still up 22% overall and the ‘52 Bowman card is still up an impressive +131.7% even with the pullback in April. The highly coveted 1986 Fleer Michael Jordan Rookie Card also cooled-off throughout the month, losing -12.5%. The MJ rookie is still trading 285% higher than its IPO market cap and closed the month of April with a slight recovery, gaining 1.3% during the final week.
Sports cards led as an asset class, gaining 3.14% while sports memorabilia dropped -2.52%. 74% of the assets that traded on Collectable were sports cards but the demographic will shift in May. Out of the eleven assets added to the Collectable secondary market during April, five fall under the memorabilia asset class.
Note: Otis weekly data is calculated from Saturday-Friday. Only assets that traded for the entire month of April are included in data calculations and graphs.
Otis returned the strongest secondary market performance out of the three platforms, gaining 2.94% on average overall. Seventy-six different assets traded throughout the month across seven asset classes. Comic books were the best performing asset class, gaining 10.22% on average while art also returned a positive month, increasing 9.39%. Card games lagged as an asset class with the sector falling -17.39% on Otis.
The best individual performance was the Fantastic four #52 comic book, which gained 66.67% during the month. The four worst performing individual assets were all sneakers, with the Nike SB Dunks dropping -32.41% and the Air Jordan Kobe and Dior offerings both falling 25%.
Rally featured a platform-record 86 different assets trading in April across 10 asset classes. The combined market cap for the assets on Rally was over $8.5 million with an average price per share of $34.01. Assets on Rally were down an average of -9.98% with card games leading the pullback, dropping -25.54% overall. Sixteen cars traded on the Rally secondary market- the most for April. The other assets who frequented the trading floor the most were comic books (15) and sports cards (14). Sports cards were the top performing asset class, gaining 2.5% on average. Assets on Rally are still trading positively overall, with the total average return on the platform for actively-traded assets at +21.8%.
The top performing individual asset was the 1985 NES Super Mario Mario Bros. (WATA 9.8). The game jumped 38.31% during its lone trading session while the 2001 SP Authentic Tiger Woods card also returned an impressive month, gaining 37.50%. Both were driven by recent auction catalysts which we highlighted in various editions of Auction Action.
The Apollo 11 Control Stick was the worst performing asset on the month while the 1959 Roberto Clemente Bat and the 1984 Teenage Mutant Ninja Turtles #1 also fell at least 50%.
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.