Trades and Trends by Altan Insights: April 9, 2022

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

For the fifth straight week, assets on Collectable closed with a positive average return. Across 160 traded assets, the average return was 0.37% while sports memorabilia climbed 1.17% on average and sports cards gained 0.13%. This marked the second consecutive week where sports memorabilia returns outpaced cards and it was a duo of beaten-down assets.

The best-performing offering this week was the Chicago Bulls Hardwood Floor which climbed 73.33% this week. The basketball floorboards are still down -22% overall and this marked the first week the asset has gained more than 20% in a five day period. Finishing as the runner-up this week was the Kobe Bryant French Blue Jordan 12 Sneakers which gained 60% although the shoes are still down -20% since IPO. The sneakers were one of two Kobe-related assets that closed among the top five best performers as the jacket from his first ring ceremony climbed 33.39%. As the first pitches of the 2022 MLB season were thrown, the best-performing sports card this week was the 2020 Bowman Chrome Orange Refractor Jasson Dominguez which climbed 42.26%.

Last week, losses were limited this week as only two assets fell more than -20% and it was the first week of the year were no offering dropped more than -30%. This week, four different assets dropped -30% or more while three offerings fell more than -47%. The worst-performing asset this week was the 2005-06 Kevin Durant High School Jersey which fell more than -56.91% while the 1980 Scoring Leaders card slipped -48.04%.

Soccer was the best-performing sport this week as the world's game climbed 14.05%. In the wake of The Masters, golf gained 1.76% to close as the second best performer. Even though the four worst-performing assets were basketball cards and memorabilia, basketball still closed with a positive return of 0.64%. Hockey was the worst-performing sport with a -7.56% return while wrestling fell -3.1%.

Otis

While two sports cards sat atop the list of best-performing assets, NFTs led this week as the asset class returned 6.14%. Last week, the Nike Air Mag Sneakers finished with a 1500% gain after a single traded share caused a dramatic increase in market cap. This week, the sneakers fell back down to earth after cutting their valuation by -90.63%.

The 1994 Dwayne "The Rock" Johnson Rookie Card gained 64% while the 2019 Panini Prizm Zion Williamson Blue Ice Rookie Card gained 46.91% to finish in second. Sports cards were the second-best performing sector as cardboard-related assets gained 2.53% to close as runner-up. There were six different assets that gained at least 20% and three of them were sports cards. In total, ten offerings climbed 15% or more but the average return on the platform still fell -0.27% across 118 offerings.

The 2012 Anthony David RPA was the second worst-performing offering fell -45.16% while the first edition Raichu Holo Card dropped -43.33% and the Super Mario Bros. 3 slipped -40%. Books bounced -13.33% lower followed by comic books which dropped -6.44%. Overall, four different asset classes delivered positive average returns while seven sectors closed with negative average performance.

Rally

For the first time, more than 300 individual assets traded an entire week on a fractional platform as 304 different assets traded this week on Rally. The average return was -1.97% while the median closed at 0% across eleven asset classes.

Leading the way this week was the 2020 Topps Lewis Hamilton Signed Patch Card which climbed 81.82%. The Lewis Hamilton card is now up 329% since IPO and has closed the last two weeks as the best-performing offering on Rally. Closing in second was the Justinian Depiction of Christ Coin which gained 73.89% in its first week of trading. Rounding out the top three on Rally this week was Shakespeare's 'Comedies, Histories, and Tragedies which gained 38%.

Card games were the best-performing asset class as the sector gained 2.95% while books closed in second with an average return of 2.55%. NFTs were the worst-performing asset class with a -12.45% average and sports memorabilia fell -4.19% on average. The Gibson Tony Iomii Guitar dropped -68.5% in its first week of trading to close as the worst-performing offering while the 1994 SNES Donkey Kong Country fell -50.83%. This marks the second straight week where the worst performing asset was an offering trading for the first time.

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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.