Trades and Trends: September 25, 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

Five of the 15 assets that traded on Rally this week gained at least 50%- propelling the platform to an average return of 30.4%. The median return closed at a much more modest value of 4.95% as five different assets ended their trading sessions unchanged while two assets traded negatively. Mike Tyson’s PUNCH-OUT!! Climbed 158% during its session to lead while the 1943 DC Comic Superman #21 gained 89.13%. The 2011 Domaine Du Liger-Belair slipped -5.26% to close as the worst-performing asset and the 1969 Boss 302 Mustang was the only other asset to drop during its trading session. 

Comic books were the best-performing asset class that was represented by more than one offering as two comics traded this week for an average return of 71.6%. Three different cars traded with an average return of -0.78% as all three either traded flat or negatively. Sports cards were represented by two offerings and gained 27.46% on average. The Honus Wagner T206 was arguably the most anticipated trading window this week as the iconic card was the first asset on Rally to open its session with a market cap over $1 million. The Wagner gained 54.92% on the day, retaining its place as the most expensive offering on their platform. 

Otis

Note: Only assets that trade for the entire week are included in data calculations and graphs. Performance is as of September 25th at 10 PM EST. 

Performance remained steady this week on Otis with an average return of 9.24%. Ten different assets gained at least 40% this week while no asset fell more than -40%. Michael Jordan’s 2003 Gold SP Signature Edition Card gained 65% to set the pace but it was comic books and video games that shined the brightest. Six of the seven best-performing assets were either comic books or video games and both produced impressive average returns. Video games were led by the WATA 9.2 graded Contra which climbed 61.29% and Zelda II which gained 52.44%. Comic books were carried by the 10th Edition example of Tomb of Dracula which added 53.21% to its market cap.

It was not a strong week for NFTs as both the CryptoPunk and Grimes Collection fell sharply. Grimes dropped -37.97% to close as the worst-performing asset while CryptoPunk #543 tumbled -21.74%. Both assets are still up over 700% since IPO but prices have pulled back in correlation with the recent cut in crypto values. No sports cards finished among the ten best-performing assets this week on Otis but the 2021 National Treasures Russell Wilson fell -16.67%. The asset class is represented by the most offerings with 33 different examples currently trading and the sector closed with an average return of 8.91%. Video games closed the week as the best-performing sector with an average ROI of 21.8%. NFTs and Luxury were the only asset classes to close the week negatively on average and the platform produced a median return of 1.49% with 103 different assets trading the entire week. 

Collectable

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

Performance rebounded this week on Collectable after the platform closed last week with a negative average return. Collectable establish a new record with 106 different offerings trading the entire week, the most of any platform to date. The average return was 2.77%, a positive jump compared to the -2.92% produced by the platform last week. Post-war vintage led on Collectable as the three of the five best-performing assets were from the 1950s and 1960s. The 1960 Topps Willie Mays card gained 50% this week- pushing its total market cap to $41,036. The 1960 Mays card is now up 125% since IPO and is the best performing Mays asset currently trading on the platform. While Mays produced strong returns this week, Wilt Chamberlain has been in a league of his own on Collectable’s secondary market. Wilt’s 1954 High School Uniform climbed 42.86%, pushing its total return to 300% overall. The other Wilt uniform, his 1959-60 Rookie example is up 120% since IPO and the platform previously accepted a buyout for a 1961 Fleer Wilt Rookie Card which netted investors a 75% ROI.

The 2003 NetPro Serena Williams Basket slipped -22.22% this week but the offering rebounded Friday to limit the loss. The basket of two PSA 10 Williams cards gained 40% during the Friday session and the asset is up that same amount since IPO. Sports memorabilia outpaced sports cards this week as the asset class gained 3.94% on average versus cardboard’s average return of 2.46%. Boxing, golf, wrestling, and soccer were the best-performing sports this week on Collectable while tennis and hockey were the only sports to close with negative average returns. Interestingly, this was the second consecutive week boxing and golf closed as the top two performing sports on Collectable. Boxing is represented by two assets and there are three golf-related offerings.

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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.