Trades and Trends by Altan Insights: May 22, 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.
Collectable reached 44 total assets trading as they continued to add more offerings to their secondary market. The 2017 Ronald Acuña Gold Refractor card gained 43% in its first week of trading. Acuña has 3 home runs and 7 RBIs in his last 23 plate appearances and has demonstrated superb play that could be the catalyst behind the gains. Two jerseys also found their footing this week with both the Johnny Unitas and Emmitt Smith game-worn jerseys moving-up at least 20%. Although Emmitt’s jersey jumped positively, his MVP trophies trickled downward, dropping -25.22%. The trophies have struggled overall, losing 57% of their value, the worst of any asset on the platform. The 1985 MJ Nike Promo basket was the second worst-performing asset this week, falling -15.22% and the 1954 Wilt Chamberlain jersey cooled-off after an impressive run, dipping -13.73%. The Wilt jersey is still up 25.7% this month and 76% overall.
Sports cards fell -2.01% on average while sports memorabilia finished flat on the week. Basketball was the most-traded sport with 19 different assets on the market but was also the worst performing, dropping -4.48% on average. Investors should continue to watch for activity regarding NBA-related assets as the playoffs tip-off this weekend. Baseball and football returned positive weeks overall, gaining 1.11% and 1.19% respectively. The total average ROI on Collectable this week was -1.50% and the median return was -2.56%.
In the second week of Rally’s new trading schedule, assets continued to struggle with only two returning positive performances. The 1986 Topps Jerry Rice card gained 8.7% while the 2016 Screaming Eagle improved its market cap by 4.31%. Even with the gain, the Screaming Eagle settled at a price of $37,550 which still trails the Liv-Ex index for the 2016 vintage as of April 30th. The Liv-Ex index values a case of 2016 Screaming Eagle at $41,603 and has never priced this vintage below $40,000 in 2021. Jack Kerouac’s ‘On The Road’ was the worst-performing asset this week, dropping -64.75% and the 1943 Superman #21 by DC Comics fell -28.13%. Cars were the most-trading asset class with 5 different offerings hitting the market and the sector returned -10.89% on average. Video games were the best performing asset class finishing flat as the N64 Legend of Zelda game was the only asset to represent the space and closed the day unchanged. Books and comic books were the worst performing sectors, falling -32.38% and -28.13% respectively. The average return for asset trading this week was -14.71% while the median return was -10.39%.
Note: Otis weekly data is calculated from Saturday-Friday.
The top three performing assets this week were sneakers with the Air Jordan 1 Modern Classics leading the way, returning 62.16%. The Nike X Travis Scott collab gained 33.33% and the Chriss Gibbs X Otis Collection appreciated 28%. The painting CHROMADYNAMICA by Felipe Pantone was the worst performing asset, dropping -44.45% while two basketball cards- 2012 Anthony Davis and 1996 Bowman Kobe Bryant fell -44.22% and -36.84% respectively.
Sports cards were the worst-performing asset class on Otis for the second straight week, dropping -9.72% on average. Sports memorabilia fell -7.31% and art dipped -4.69%. Sneakers returned a positive week on average, gaining 7.88%. Altan Insight’s Dylan Dittrich highlighted pricing discrepancies within the fractional sneaker market in an article published this week and investors either proactively or coincidentally took notice. Even with the impressive week, sneakers are still lagging- the asset class is down -2.29% on average. Card games also turned-in a positive week, gaining 2.78% on average. Dylan's article: https://www.altaninsights.com/post/sneakonomic-growth-a-deeper-dive-into-the-fractional-sneaker-markets
Note: Mythic trading occurred on 5/20
In their second trading session, assets on Mythic Markets returned positively across the board. Trading for the first time was the comic ‘Amazing Fantasy #15’ which gained 114.15%. The Black Lotus card from the game Magic: The Gathering added 20.97% to its market cap while the Magic Booster Boxes jumped 7.69%. The boxes are still the best performing asset on the platform with a total ROI of 154.55%. Fantastic Four #1 traded flat on the day but is still up 60.94% from its IPO price.
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.