Trades and Trends: September 18, 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 remained positive overall this week on Rally as the assets on the platform returned 13.59% on average. The 1955 Roberto Clemente Rookie Card climbed 55.56% on September 16th, one day after the ‘Great One’ was celebrated by Major League Baseball on Roberto Clemente Day. The SGC 8 graded Topps card is now up 103% since IPO and carries a market cap of $77,000. The Clemente card IPO’d on Rally in the Spring of 2020 with a $38,000 price tag. The Team Rocket Booster Box, infamous for highlighting the antagonists of the Pokémon series, added 54.76% to its market cap to close as the second best-performing asset on Rally this week. The strong return signaled a rebound for the box which has previously fallen -46% from its IPO price. The Team Rocket Booster now carries a market cap of $30,875 which is 8% higher than its IPO price of $28,500. Luxury received a boost this week as the 1979 Rolex Coral “Stella Dial” climbed 48.57% and the 2018 Limited Edition 35CM Picnic Kelly gained 6.53%. Both books and comic books returned solid weeks as the inscribed copy of ‘Profiles in Courage' gained 26.32% and ‘The Flash #105’ added 20%.
Sports cards were the best-performing asset class this week that was represented by multiple offerings. The sector returned 24.71% with three examples appearing on Rally’s trading floor. Luxury and cars were also represented by three assets and luxury climbed 14.74% on average while cars snuck-out a gain of 0.05%. Sports memorabilia was the only asset class to trade negatively this week on Rally as the 1972 Nike Moonshoe slipped -12.86%. The original prototype sneakers developed by Bill Bowerman with the help of a waffle iron have ‘waffled’ on Rally, dropping -39% overall since IPO. Sports memorabilia fell -5.14% after the asset class gained 11% last week. In total, fifteen assets were traded this week on Rally with a median return of 2.59%. Overall, nine assets traded positively while three closed their session without change and three traded negatively.
Note: Only assets that traded for the entire week are included in data calculations and graphs. Performance is as of September 17th at 10 PM EST.
Assets on Otis recovered this week with a double-digit average return across the platform. Ten different assets gained at least 34% this week while no assets on the platform dropped more than -31%. The Grimes NFT Collection set the pace with an 84.23% gain while the first edition Raichu card climbed 68.67%. Both of those assets were among the three worst-performing offerings last week- as the Grimes NFT slipped -48.15% and the Raichu tumbled -48.13%.
NFTs were the best-performing asset class with an average return of 49.67% while card games climbed 31.02%. Comic books were represented by eight assets and moved 25.15% higher on average while sports memorabilia gained 18.38%. Sports cards were represented by 33 different offerings, the most of any asset class, and returned 6.47% on average. The sector was led by modern basketball cards as the 2021 Anthony Davis climbed 52.51% and the NBA Emerging 15 Index jumped 50%.
Art and luxury were the only two asset classes to close the week in the red on average as they fell -0.90% and -0.08% respectively. The NES Mike Tyson’s PUNCH-OUT!! dropped -30.82% to close as the worst-performing asset while Tracy Emin’s Love is What You Want slipped -27.27%. The NES Mike Tyson was the best-performing video game on Otis last week when it gained 33.33%. Video games managed to close the week positively overall with a 2.39% average return. In total, 103 different assets traded the entire week on Otis, establishing a new weekly record for any fractional platform. The average return was 13.59%- representing a strong recovery from the -4.03% average return last week.
Note: Only assets that traded for the entire month are included in data calculations and graphs.
Performance dipped slightly on Collectable this week but the platform still featured an array of strong performers. Mickey Mantle cards led on the platform as the 1960 Topps Mantle climbed 42.55% and the 1956 Mantle basket added 6.67%. Vintage baseball returned a solid week overall as three of the top ten best-performing assets were pre-1970s baseball cards while none of the ten worst-performing assets featured cards from that era. In addition to the Mantle, Kevin Durant's Chrome Refractor moved 15.38% higher while the 1990s Tiger Woods Putter gained 14.73%.
The 2018-19 Michael Porter Championship Ticket dropped -27.62% to close as the worst-performing asset this week on Collectable. Sports memorabilia struggled as three of the five worst-performing assets were sneakers or uniforms. Sports cards managed to outperform sports memorabilia overall with an average return of -2.80% versus the -3.37% return produced by memorabilia. Golf was the best-performing sport with a 6.21% return, carried primarily by the Tiger putter. Boxing was the only other sport to return positive performance this week with a 3.23% average return while soccer slipped -13.63% to close as the worst-performing sport. Overall, 100 different assets traded the entire week on Collectable with an average return of -2.92%. The average return last week on Collectable was 5.70% and 97 different assets were traded the entire week.
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