Trades and Trends: October 9, 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.
Performance on Rally continued an upward climb as the platform returned 20.34% during the week. Overall, seven different assets gained at least 10%, and 10 of the 15 traded offerings closed their session with positive returns. Only one asset fell more than -10% and nine different asset classes were represented during the week.
Video games were propelled by the 1990 NES Super Mario Bros. 3 which climbed 102% in its first appearance on Rally’s secondary market. Vintage shined this week as three of the top four performers were pre-1960s assets. The 1934 Goudey Lou Gehrig Card jumped 76.47% while the 1940 DC Comics Batman #1 and 1958 Alifabolaget Pelé Rookie Card gained 47.12% and 33.33% respectively. Cars were led by the 1990 Mazda Miata MX-5 which raced to a 25.98% return while wine was represented by the 2014 Domaine Leroy-Vosne-Romaneé Les Beaux Monts which added 25% to its market cap.
Pokémon struggled this week on Rally as the two worst-performing assets were represented by the iconic trading card game. The 1999 1st Edition Base Set Booster Box slid -12.5% while the 2000 Neo Genesis Booster Box stumbled -5.56%. The only other asset to fall this week on Rally was the 1st Edition copy of The Wonder Wizard of Oz which dropped -2.33%.
Sports cards soared to an average return of 54.9% while comic books climbed 47.12%. Cars gained 13.19% and sports memorabilia jumped 10.37%. Card games were the only asset class represented by multiple offerings to trade negatively as the sector slipped -4.63% on average.
Note: Only assets that trade for the entire week are included in data calculations and graphs.
Performance fell flat this week on Otis with an average return of -1.89% and a median return of 0%. The Dior x Air Jordan 1’s gained 57.09% to lead but overall it was a rough week for sneakers on Otis. The five worst-performing assets were sneakers and the sector returned -13.3% on average. Seven different pairs of sneakers fell at least -16% while three dropped more than -50%.
The Giant-Size X-Men #1 rose 46.14% while Michael Jordan’s AJ1 Player Exclusives moved 38.03% higher. Ten different assets gained at least 10% and five offerings added at least 25% to their market caps. NFTs were the best-performing asset with an average return of 5% and sports memorabilia followed with a 4.64% average return. Comic books and card games also returned positive weeks as the asset classes gained 3.76% and 2.93% respectively. Sports cards were represented by 34 assets, the most of any sector, and the asset class slipped -0.16%. Video games fell -1.40% and were led by the NES Super Mario Bos. which added 11.9% to its price.
Note: Only assets that traded for the entire month are included in data calculations and graphs.
Performance lagged this week on Collectable as nine different offerings fell at least -20%. The average return settled at -4.5% while the median return closed at -1.41%. In total, 108 different assets traded the entire week on Collectable which established a new record for any alternative asset platform.
The 2003-04 UD Exquisite Basketball Hobby Box gained 25.71% to lead on Collectable while the 2014 Mookie Betts Blue Refractor Basket jumped 11.11%. It was a strong week for baskets as four of the top ten best-performing assets were card bundles. Tom Brady’s 2000 Bowman Chrome Card climbed 10.59% and Muhammad Ali’s WBC Title Belt gained 9.18%. The 1980 Scoring Leaders Basket jumped 8.33% to round out the top five and the duo of PSA 8 graded cards is now up 30% overall on Collectable since IPO.
The 2015 Gleyber Torres Orange Refractor tumbled -40.55%, a steep drop that was likely influenced by the New York Yankees season-ending Wild Card loss. The 1990s Tournament-Used Tiger Woods Putter gained 72.84% in September but the golf club sold off -32.14% this week. Two Michael Jordan assets fell sharply as the MJ/LeBron Sign of the Times Dual Auto card slipped -29.31% and Jordan’s 1994 Game-Used and Signed Bat dropped -23.53%.
Sports memorabilia slipped -7.22% while sports cards stumbled -3.76%. Tennis was the best-performing sport with a 4.67% gain while wrestling and hockey closed the week as the only other sports to close with positive returns, gaining 4.14% and 1.90% respectively. Golf tumbled -17.97% while soccer slipped -14.39%. Football fell -4.69% and basketball bounced -4.51% lower on average.
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