Trades and Trends: August 28, 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

The streak of assets trading positively broke this week on Rally but returns continued trending upward on the platform. Only one asset over the last 43 to trade on Rally has closed negatively and it was the 2003 Topps Chrome LeBron James Rookie Card which slipped -3.57% on August 26th. The copy of NES Wild Gunman led on Rally with a 257.14% return. The 1985 video game IPO’d in December for $28,000 and now has a market cap of $100,000. The second best-performing asset this week was a 2011 BMW 1M which nearly doubled its market cap with a 92.86% gain. Friday’s trading session was led by the 1986 Macintosh Plus (Signed by Steve Jobs) which added 81.82% to its price. The signed Mac is now up 300% since IPO after increasing its market cap to $200,000. Vintage baseball cards closed a strong week as the 1956 Topps Mickey Mantle jumped 33.98% and a pre-war 1933 Goudey Babe Ruth climbed 16.74%. 

The average return on Rally this week was an impressive 43.09% with a median ROI of 23.15%. This is up from last week when the average return was 34.78% and the median closed at 19.72%. Memorabilia was the best-performing asset class that featured at least two offerings trading this week. The sector returned 43.20% on average while cars followed with an average of 32.86%. Three sports cards traded this week on Rally, tied for the most from any asset class with cars. Sports cards gained 15.72% on average after the asset class returned 43.83% last week. 

Collectable

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

The losses were limited this week on Collectable as no asset fell more than 16% while 10 offerings gained more than 20%. The average return on Collectable was 4.30% and 93 different assets traded. Joe DiMaggio’s 1933 Game-Used Bat jumped 49.78% to lead while Luka Doncic’s Rookie Jersey followed with a 46.15% gain. Wilt Chamberlain’s 1954 High School Uniform fell -15.56% this week to close as the worst-performing asset. Sports cards led on Collectable last week with a 7.11% return but this week it was sports memorabilia that closed on top with an average ROI of 6.60%. This week, sports cards closed 3.59% higher on average as three of the top five performing assets were cardboard. Hockey was the best-performing sport on Collectable for the second straight week as it closed 14.58% higher on average. This return was driven primarily by the Sidney Crosby Rookie Basket that climbed 35%. Soccer was the worst-performing sport last week with an average return of -6.24% but the tides turned this week as Futbol closed with a return of 11.37%, good for second overall.

Boxing was the worst-performing sport with an average return of -5.17%. True to the theme of limited losses, boxing was the only sport to close the week negative on average. Golf and baseball both lagged the average return but closed with positive weeks. Patrick Mahomes struggled on Collectable as the Chiefs superstar quarterback had two cards close amongst the ten worst-performing assets.

Otis

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

This week was a rollercoaster on the Otis trading floor but the platform still managed to close the week with a positive average return. The painting ‘Greatest Hits, Three Cans of LaCroix, and Sneakers’ by fnnch soared 138.85% to lead. The painting was the worst-performing asset on Otis last week with a loss of -50% but the asset jumped from $20 per share to $47.77 on August 24th and has maintained that new price since. The Dior x Air Jordan 1 Lows climbed 99.34% to finish second while a soccer card- Ronaldo’s 2002 Panini Futebol rookie card moved 61.90% higher. Five different assets gained at least 50% this week on Otis while only two offerings fell -50% or more on the platform. Video games had a tough week on Otis with an average return of -24.32%. The NES Zelda II dropped -55.89% to lead the negative week while Super Mario Bros. slipped -39.39%. Seven of the ten worst-performing assets were video games and the sector has just 12 total assets trading currently on Otis. 

Sneakers led the way with an average return of 12.03% followed by Art which settled 8.91% higher. Sports cards were the most represented asset class with 32 different offerings trading and the sector settled with a return of 1.61%. Otis set a new record for the most fractional assets to trade in a single week. The platform traded 96 different assets for the entire week with each offering trading 24/7. 

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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.