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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
Last week, the average return on Rally dropped significantly and closed deep in the red as the platform finished with a -6.14% return across 316 traded assets. This week, the average return rose back into the green as the platform closed with a .061% ROI and an unchanged median return.
In a strong week for 1980s NES video games, the top three performing assets this week were games from the same console and decade. Setting the pace this week was the 1989 NES Teenage Mutant Ninja Turtles, which jumped 250%. The Ninja Turtles video game jumped from $8 per share to $60 but pulled back to $28 throughout the week. The '80s NES game is now up 154.55% since IPO and is the best-performing video game in 2022. Finishing as the runner-up was the 1986 NES Donkey King 3 which climbed 83.33% and is now up 25% this month but has dropped -45% since IPO. Closing in third was the 1989 NES WWF Westlemania which gained 77.27% but is still down -35% since IPO. The boost in video games raised the asset class by 12.32% overall on average and the sector was the leading asset class this week.
Books were the worst-performing asset class this week with an average return of -6.01% and the sector was also responsible for the worst-performing individual asset. Doyle's 'Adventures & Memoirs of Sherlock Holmes' which fell -50.75% while another book, 'Ulysses' by James Joyce dropped -30% and is down -38.24% from its IPO valuation.
Last week, no asset class closed with a positive average return but this week, five different sectors finished in the green as NFTs, memorabilia, cars, and card games all settled with average returns above zero. On the other side, last week, every asset class dropped more that -2.3% but this week, only books fell more than -1%. Sports memorabilia slipped -0.94% and luxury lost -0.72% in a flat week overall for the platform.
Collectable
This marked the fifth straight week of a negative average returns on Collectable and also marked the sixth straight week that a non-sports card was the best-performing asset.
Setting the pace this week was the Mickey Mantle MLB Debut Ticket Stub from the 1951 Opening Day game in New York. At a time where ticket prices have dipped on the auction market, this Mantle gem climbed 73.04% and is now just -0.5% away from being back to its original IPO price. Investors of the 2018 White Sparkle Luka Doncic card rejected a $350,000 buyout offer and the card which is still trading -46.9% below its initial market cap displayed a strong return by gaining 47.53% in response to the buyout news. The card is slowly climbing, up 29.5% over the last month as Luka and the Dallas Mavericks are in the Western Conference Finals with his first trip to the NBA Finals on the line. The Kobe Bryant French Blue Jordan 12's finished in third and gained 41.25% after gaining 15.83% last week. Even with two consecutive positive weeks, the sneakers are still down -43.9% since IPO and have been one of the more volatile assets on Collectable.
The Triple Logoman featuring three international big men of Dirk, Yao, and Duncan fell this week as the 1/1 card delivered a -47% return in its first full week of trading. Closing as the second worst-performing asset this week was Michael Jordan's 1994 Game Used and Signed Bat which bounced -36.7% lower and is now -65.5% below its IPO price.
Sports cards returned -0.57% to outpace memorabilia this week as game-worn and game-used fell 0.91% on average. Wrestling-related assets climbed 11.92% and soccer soared with a 4.98% return this week. Football fell -6.97% on average while hockey slid -5.50% on average.
Otis
For the second straight week, the weekly average ROI on Otis closed in the green as the platform finished with a 1.63% average ROI. The median still remained unchanged however, as liquidity continues to be limited and the asks outweigh bids across the majority of order books.
Leading this week was the NBA Emerging 15 Index which gained 119%. The collection of PSA 10 graded Prizm Silver cards from the 2017-2019 NBA draft classes is now up 41.29% over the last month and 4.29% over the last 365 days. In second was the Pokemon Mewtwo First Edition Holo Card which gained 80% while the NES Mike Tyson "PUNCH-OUT" closed in third with a 33.24% gain. Card games climbed 18.5% this week to finish with their best single week of trading in 2022.
NFTs were the worst-performing asset class with a -4.22% average ROI and the losses were led by the only fractional NFT from FEWOCiOUS which fell -27.78%. The losses overall were limited this week on Otis as no asset fell more than 30% and only two offerings dropped at -20% or more. Last week, three assets tumbled at least -30% and eight offerings dropped more than -20%. Memorabilia moved 3.48% higher while sports cards climbed 3.14%. Last week, NFTs were the best-performing asset class but finished in last this week and sneakers had been the second-best sector last week but closed in second-to-last this week with a -1.15% ROI.
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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.
