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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 average return on Rally dropped week over week and closed in the red as the platform finished with a -1.17% weekly ROI across 311 traded assets. For the sixth straight week, the median return was unchanged.
Setting the pace this week were two assets as the Meebit #11275 and 1999 Game Boy Pokémon Yellow both climbed 60%. Finishing as the runner-up was the 1988 Porsche 944 Turbo S which gained 50%. Cars had another decent week on Rally as there were three cars that closed among the top-ten best-performing offerings after four automobiles closed amongst the top ten last week. There was plenty of diversity among the best-performing asset on Rally this week as the top five were all from different asset classes. Comic books were led by the 1975 Marvel Giant Size X-Men #1 which gained 40.19% and sports cards were carried by the 1956 Topps Mickey Mantle. The '56 Mantle is the best-performing sports card on Rally with a 440% return since IPO and is the second-best performing asset on their secondary market overall.
Luxury stumbled this week as the Hermès 35CM Picnic Kelly fell -37.5% to close as the worst-performing asset. The Picnic Kelly is now down -40.74% since IPO and luxury-goods are now down -9% on average on Rally's secondary market. Also dropping this week was the 2003 Topps Chrome Refractor LeBron James which slipped -36.23% and the 1965 Alfa Romeo Giulia SS which fell -35.9%.
NFTs were the worst-performing asset classes last week but the best-performing this week. The sector dropped -7.19% on average last week but rebounded for a 4.71% return this week. Comic books climbed 0.60% on average while card games gained 0.56%. Memorabilia closed as the worst-performing sector with a -4.92% return while books bounced -3.18% lower after falling -2.21% last week.
Collectable
This marked the second straight week of a negative average return on Collectable as sports cards continued to crumble. Last week, the average return was -3.67% across 180 traded assets and this week, the average was -0.51% across 182 assets. Sports cards fell -1.54% and are now down -4.82% over the last two weeks while sports memorabilia actually gained 2.94% on average.
For the third straight week, the best-performing asset on Collectable was a piece of sports memorabilia. The 2006-07 Air Force 25's worn by Chris Bosh gained 58.62% this week to lead all assets on the platform. The positive return represented a strong rebound for the Bosh sneakers after they closed last week down -36.96% and settled as the second-worst performing asset. Closing at the top in second this week was the Michael Jordan Game Used Bat which climbed 45% after falling -20.79% last week. The National Treasures Basketball Sealed Wax Collection climbed 28.07% this week and the 2003 Serena Williams NetPro Basket bounced 15.45% to lead all individual cards. The worst-performing asset this week was the 2020 Jasson Dominguez Orange Refractor which fell -26.32%.
The Serena card helped tennis close as the best-performing sport this week and boxing finished in second with a 1.56% average return. Golf gained 0.44% and basketball moved 0.23% higher to round-out the positive performers. Wrestling was the worst-performing sport with a -11.29% return while football fell -2.51% on average.
Otis
After two straight weeks of positive average returns, the weekly average ROI on Otis fell -1.82% 116 traded offerings. Last week, the platform closed with a 2.14% ROI and for the sixth straight week, the median return was 0%. Liquidity has continued to be an issue as performance on the platform is still driven by limited transactions and single shares impacting valuations.
Leading this week was the Game Boy Pokemon Blue which gained 49.63%. Closing in second was the Contra video game graded 9.2 by WATA which added 40% to its market cap. The Contra was one of the worst-performing assets last week as it fell -28.57%. Rounding-out the top three with a 31.11% weekly return was Daniel Arsham's Grey Selenite Newspaper Machine.
Books, which are represented by the first edition copy of Harry Potter, were the worst-performing sector last week with a -10% return but rebounded to lead all assets classes with a 22.53% ROI this week. Comic books closed with a 1.92% average return while video games gained 0.48%. NFTs fell -8.5% on Otis while luxury lost -6.98%. In total, ten different asset dropped at least -18% while only six assets gained 18% or more.
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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.
