Trades and Trends: October 30, 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

Performance on Rally was propelled forward due to a triple-digit return delivered by the 2001 First Generation Apple iPod. In total, 15 assets traded with an average return of 11.63%. The median return closed with a 0.49% gain and seven different asset classes were represented. 

While the iPod set the pace, four other assets gained at least 19%. The 1973 Jack Nicklaus Rookie Card climbed 35% in its first trading session while the 1940 DC Comics Batman #2 moved 30% higher. Card games were led by the 1985 Garbage Pail Kids Nasty Nick Stickers Card which gained 22.92% and the 1993 Rolex Zenith Daytona jumped 19.05%. Two additional comics closed the week positively as the 1940 Action Comics #23 and 1961 DC Comics #123 gained 7.86% and 3.13% respectively. The strong performance displayed by comic books continued a trend that has carried on for months. Since July 19th, 16 comics books have traded on Rally and none have closed their session with a negative return.

The 1999 Pokémon 1st Edition Complete Set slipped -33.33% to close as the worst-performing asset this week on Rally. Pokémon has struggled this month on the platform as four of the six assets to trade have closed their session in the red and the average return for Pokémon cards in October is -8.11%. The 1985 O-Pee-Chee Mario fell -19%, closing as the second worst-performing asset this week and also the second worst-performing sports card to trade this month. Sports struggled in general as the 1960 Hemmets Journal Muhammad Ali dropped -9% and the 1950-51 Joe DiMaggio Jersey fell -1.75%.

Comic books were the best performing asset class that was represented by multiple offerings as the sector closed with a 13.66% average return. Luxury moved 9.53% higher while sports cards gained 1.75%. Card games fell -5.21% and books bounced -0.21% lower.

Collectable

Note: Only assets that traded for the entire week (unless paused for buyouts) are included in data calculations and graphs.‍‍

Led by ten different assets that gained at least 20%, performance on Collectable closed positively this week with a 2.08% average return. Overall, 121 different assets traded the entire week with 96 sports cards and 25 pieces of sports memorabilia represented. Recent auction results helped push forward various assets including the 2003-04 Upper Deck Exquisite Basketball Hobby Box. Goldin Auctions sold a case that features three hobby boxes for $996,300 on October 23rd, representing a price per box of $322,100. In response, the 2003 UD wax gained 53.36% this week to push its market cap to $154,715. Trae Young's Panini Flawless Green gained 43.06% and the Tiger Woods Putter pushed 36% higher. The Tiger club is now up 240% since IPO with a market cap of $714,000.

Hockey was the best performing sport with a 19.33% average return. Sidney Crosby's The Cup Rookie Card Basket gained 33.33% and Alexander Ovechkin's RPA added 9.5%. Golf closed 11.07% higher while tennis, soccer, and boxing all added at least 6% on average. The only sports to trade negatively were football and wrestling which fell -1.43% and -0.62% respectively.

The Michael Porter 2018-19 Championship Ticket tumbled -31.03% to close as the worst-performing asset this week. While the 2003-04 UD Exquisite Box displayed strong performance, the 2003-04 Topps Chrome Wax fell -21.43%, signaling a possibly reallocation from one box to another. Patrick Mahomes and the Kansas City Chiefs have struggled through the first few weeks of the 2021 NFL season and prices on Mahomes cards have suffered. The 2017 National Treasures Mahomes RPA fell -10.77% and the 1/1 Panini Immaculate dropped -9.26%. The best performing football card this week was courtesy of a different AFC quarterback as the 2018 Gold Refractor Josh Allen added 27.66%. Modern sports cards represented seven of the ten best-performing assets this week on Collectable while only one vintage card gained more than 20%.

Otis

Note: Only assets that trade for the entire week are included in data calculations and graphs. Performance is as of 11 PM ET on 10/29. ‍

Sneaker and squiggles set the pace this week on Otis as the high flying assets helped push the average return to 2.50%. There were 108 different assets that traded this week on Otis across ten asset classes. Six assets gained at least 30% while ten offerings added 25% or more to their market caps. On the contrary, only one asset fell more than -30% and two offerings dropped -25% or more.

The 1985 Air Jordan 1 Collection II moved 76.9% higher to lead this week. Finishing in second was the Chromie Squiggle which soared 55.79%, aided by a 40.95% gain on Friday. The Squiggle is now up 196% since IPO and closed this week at a $74,888 market cap. Comic books were carried by the Avengers #1 which added 42.86% and helped guide the sector to a positive return. Basketball cards performed well this week on Otis as all four of the sports cards to close among the ten top-performing assets were NBA cards. The 2019 Panini Prizm Blue Zion Williamson gained 38.61% and the 1986 Fleer Complete Set climbed 27.78%.

Speaking of Fleer, the 1987 Fleer Michael Jordan fell -36.67% to close as the worst-performing asset this week on Otis. Tomb of Dracula dropped -29.41% and the Nike Trainer Series lost -23.36% to round out the bottom three.

NFTs gained 19.46% on average followed by memorabilia and sneakers which added 11.61% and 7.48% respectively. Sports memorabilia stumbled with a -2.53% average return while sports cards slipped -0.70%. Sports cards were represented by 35 assets followed by sneakers which had 17 offerings trade this week.

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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.