Trades and Trends: August 21, 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.

Rally

For the second consecutive week, no asset that traded on Rally traded negatively. Both the average and median returns fell slightly from last week with the average this week equaling 34.78% versus an average return of 49.41% last week. The median return this week on Rally was 19.72% compared to a median of 26.52% from the previous week. The 1999 Pokémon 1st Edition Complete Set doubled its market cap with a gain of 113.62%. The set is now up 220% overall from its IPO price of $125,000. The DC Comic Justice League of America #1 climbed 78.10% followed by the Ty Cobb T206 card which added 75% to its market cap. Luxury was the most-represented asset this week on Rally with four different offerings from the asset class trading. Two Hérmes Birkins led the sector as the “So Black” edition jumped 47.06% and the “Tangerine Ostrich” Birkin gained 25%. The asset class closed the week with an average return of 22.47%. Sports cards and cars were the only other asset classes represented by more than one asset this week. Sports cards returned 43.83% on average while cars sneaked out a gain of 0.32%.

The only asset to not gain during its session was the 1998 Dodge Viper GTS-R which closed flat during its trading appearance. Both the Ty Cobb T206 card and the NES Deluxe set pushed their total return towards triple digits. The Ty Cobb card is now up 75% from its IPO while the NES set has now added 76.3% from its initial offering price.

Otis

Note: Only assets that traded for the entire week are included in data calculations and graphs.‍

Modern basketball shined on Otis this week as three of the top seven performing assets featured cards of active players. The 2003 SP LeBron James climbed 55% to set the pace while the 2021 Anthony Davis gained 25%. The two Lakers were followed by Kawhi Leonard’s RPA which added 20%. In total, eight assets gained at least 20% on Otis and 93 different offerings traded throughout the entire week. The average return was -0.06% with a median return that remained unchanged. Sports cards were represented by 31 different assets and closed the week with an average return of 0.76%. The next two most-represented asset classes were sneakers and art which featured 16 different offerings each. Sneakers slipped slightly on average, falling -3.76% while art dropped -1.51%. Two pieces of art closed among the top three best-performing assets as Gone and Beyond by KAWS added 37.57% to its market cap and Saint Jerome by Kehinde Whiley climbed 35.89%. 

Another artwork, ‘Greatest Hits, Three Cans of LaCroix, and Sneakers’ by fnnch, fell -50% to close as the worst-performing asset this week. The 1972 Julius Erving rookie card dropped -41.18% followed by Kevin Durant’s 2007 Topps Chrome Refractor rookie which cut its market cap by -33.29%. Luxury was represented by one asset on Otis, the Hérmes 35CM “So Black” Birkin which gained 16.67% this week. Card games were represented by four assets and closed with an average return of 7.17%.

Collectable

Note: Only assets that traded for the entire week are included in data calculations and graphs.‍

After a flat week overall last week on Collectable, performance rebounded with a combination of high-flying returns and limited-losses. The average return this week was 5.6% while the median was 1.6%. Ten different assets gained at least 29% while no asset lost more than -27%. The Ted Williams 1939 Play Ball card gained 48.42% to lead on the platform. The Ted Williams card was the worst-performing asset on the platform last week, dropping -32.14%. Two active NFL quarterback’s also performed well as the 2017 Panini Immaculate Patrick Mahomes jumped 41.18%. The Mahomes card is now up 20% overall from its IPO and there is still an unfunded Mahomes offering on Collectable- the 2017 Panini National Treasures ‘Laundry Tag’. Tom Brady-related assets closed a strong week as well with the 2000 SP Authentic card gaining 30% and the 2000 Playoff Contenders basket adding 29.41%. Investors rejected a $170,000 buyout offer for the basket this week and the strong trading performance pushed the card’s market cap to $198,000. The basket is up 120% overall from its IPO while the SP Authentic card has added 160% to its market cap overall. The Alexander Ovechkin RPA returned 30.29% this week, helping propel hockey to the title of ‘best performing sport’. The average return for hockey was 13.27% followed by football which gained 10.16% on average. 

Sports cards outperformed sports memorabilia this week on Collectable as cardboard and wax gained 7.11% on average. Sports memorabilia also closed with a positive week, returning 0.64%. The Ty Cobb T206 Original Photo slipped -26.32% to close as the worst-performing asset this week. The only other assets to drop more than 20% were the Luka Doncic Game-Worn Jersey and 1979 Topps Ozzie Smith rookie card, which fell -25.71% and -24.24% respectively. In total, 94 different assets traded this week on Collectable, setting a new record for most assets to trade an entire week on a fractional platform.

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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.