Trades and Trends: September 11, 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 a continuation of recent trends, card games, comic books, and video games set the pace this week on Rally’s trading floor. Those three asset classes were the three best-performing sectors last month, and closed this week in the same order. Two of the top three performing individual assets were comic books as the 1964 Marvel Amazing Spider-Man #10 gained 202.5% and the 1940 DC Batman #3 climbed 66.69%. The high-flying performance coincides with the closing of Heritage Auctions Summer Comic Book event which featured the establishment of a new comic book record. The acclaimed auction house sold a copy of “Amazing Fantasy #15” for $3.6 million (with buyer’s premium)- which eclipsed the previous record of $3.25 million for a copy of “Action Comics #1”. Video games were the top-performing asset class this week on Rally and were represented by a single asset. The 1997 N64 Goldeneye gained 175.63%, pushing its market cap to $110,250. The WATA 9.6 graded James Bond game has added 341% to its IPO overall after opening with a price tag of $25,000.
The top-performing pieces of cardboard were the 1996 Pokémon Japanese Holo Charizard and the 1910 Ty Cobb E98 Card which gained 48.33% and 29.31% respectively. Sports cards were the most represented asset class this week on Rally with four different offerings trading. The sector closed with an average return of 11.91%. Wine returned 11.06% on average in August and the sector continued its positive performance as the 2003 vintage of Domaine De La Romanee-Conti Tache added 22.67% to its market cap.
The average return on Rally this week was 39.35% with a median ROI of 11.0%. No asset traded negatively during the week and the only offering that closed its session without any appreciation was the 1970 Rolex 5100. In addition to sports cards, three other asset classes were represented by more than one offering this week. Comic books returned 134.6% on average between two assets while card games climbed 48.33% with two examples traded. Cars were also represented by two assets and closed the week with an average return of 3%.
Note: Only assets that traded for the entire week are included in data calculations and graphs.
Collectable returned a solid week overall with positive performances and limited losses. The 2007 Kevin Durant Chrome Refractor Rookie Card gained 48.47% to lead on the platform while Andre the Giant’s Game-Used Jockstrap climbed 45.57%. Sports memorabilia outperformed sports cards this week with an average return of 8.71%. Cardboard and wax closed with an average return of 4.87% and the sector was propelled by strong performance from the ‘Say Hey Kid’. Two of the top ten performing assets were Willie Mays cards as the 1952 Topps Mays climbed 36.36% and his 1960 Topps card gained 25.53%. In addition to Mays, vintage baseball returned a strong week overall as the 1939 Ted Williams gained 41.34% and the 1954 Hank Aaron Topps rookie card added 36.04% to its market cap.
Wrestling was the best-performing sport this week on Collectable, largely due to the jockstrap performance. Basketball and baseball closed the week with average returns of 6.93% and 6.05% respectively. Soccer closed the week down -0.72% on average to finish as the only sport with a negative average ROI. The bottom two worst-performing assets were basketball cards as the 2017 Donovan Mitchell RPA dropped -20.97% and the 2007 Michale Jordan Exquisite Collections card tumbled -19.46%. Heading into the 2021 NFL season, the 2017 Panini Immaculate Patrick Mahomes experienced a slight sell-off with a -9.13% return this week. Mahomes has lagged other star NFL quarterbacks in recent weeks on Collectable’s secondary market. In August, Mahomes cards returned 2.71% on average while Tom Brady cards gained 43.57% and Josh Allen’s 2018 Gold Refractor climbed 38.74%. In total, 97 different assets traded this week on Collectable, a new weekly record for the platform. The average return was 5.7% with a median ROI of 1.2%. Ten different assets gained at least 25% while no asset fell more than -21% during the week. This was the first week of extended trading on Collectable as bids and asks are now matched Monday-Friday between 12-4 PM ET.
Note: Only assets that traded for the entire week are included in data calculations and graphs. Performance is as of September 10th at 10 PM EST.
Performance slipped slightly on Otis this week but the platform still featured a diverse array of strong returns. The Dior x Air Jordan Lows doubled their market cap and are now up 400% since IPO. The 1997 Magic Johnson Game-Worn and Signed Sneakers climbed 38.02% during the week and now has a total return of 55% since opening. Video games closed as the best-performing asset class this week as four of the top ten performing assets came from the gaming sector. Mike Tyson’s PUNCH-OUT!! led with a 33.33% gain while the Gameboy Pokémon Yellow added 25% to its market cap.
Three different asset classes all closed the week with positive performance as sports memorabilia, sneakers, and video games all gained on average. Otis set a new weekly trading record with 99 different assets trading the entire week. Sports cards were the most represented asset class with 33 offerings trading. The sector returned -6.78% and was led by the 1987 Fleer Michael Jordan card which climbed 33.56%.
The Hermés 35 CM “So Black” Birkin fell -50% to close the week as the worst-performing asset. NFTs fell on average this week but both offerings that are currently trading have returned massive gains overall. The Grimes NFT Collection IPO’d for $10/share and hit $100/share on September 2nd. The collection has since slipped and closed the week down -48.15% but is still up 250% since IPO. The CryptoPunk #543 also reached incredible heights after its initial appearance on the Otis secondary market and has since receded slightly. After opening at a $51,500 market cap, the Punk climbed to a new price of $824,000 on September 6th. The NFT fell -33.4% this week but still sits at a $514,485 market cap- good for an 899% ROI. Card games also slipped this week on Otis with an average return of -21.13% while comic books dropped -8.91%. The average return on Otis was -4.03% with a median return of -1.32%.
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