‘78 KENNER STAR WARS LUKE SKYWALKER ACTION FIGURE

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Welcome to Cultural Assets Insider for March 9th, 2022 – FREE Edition. Each week we give you the scoop on undervalued, mispriced and hidden gems in Alternative Investing.

But first, check out our podcast

In this episode, Horacio spoke with Arlan Ettinger, the President and Founder of Guernsey’s – an auction house in Manhattan with a history of high-profile collections. They will be auctioning off the Elizabeth Meaders Collection, the world’s largest private collection of African-American artifacts, on March 15th at 2 PM ET.

You can read more about the collection and find our special podcast with Elizabeth herself at the end of this newsletter.

Cultural Assets performance in 2022

Cultural assets may have finally found a bottom on fractional marketplaces like Rally and Otis, but it’s probably too early to tell. That said, we’re seeing a similar pattern across other asset classes on those platforms.

Fat bottomed charts?

Last Week in Cultural Assets

Fractional secondary markets

Music was up big after a disappointing week prior, while everything else was flattish to down. It feels like the market wants to capitulate.

All stats come from assets trading on the secondary markets at Otis, Collectable, and Rally.

Auctions

Last week, we were watching the Only Banksy auction from Forum in London.

Where is it going?

Unsurprisingly, the collection’s most iconic work, Girl with Balloon, had the highest hammer price at £100,000 ($132k), right in the middle of the £80k to £120k estimates.

I Fought the Law, No Ball Games, and my favorite CND Soldiers, all finished below expectations, while all the other lots were in range.

Difficult to say what was responsible for the poor showing (auction houses tend to put estimates a bit low so they can brag about how all their lots beat expectations). It could have been nerves around the war in Ukraine, a sudden flight of capital from London (also due to Ukraine), or perhaps a softening in demand for Banksy.

This Week in Cultural Assets

Fractional IPOs

The highest-graded example of this variant

Just the one fractional IPO this week.

‘78 KENNER STAR WARS LUKE SKYWALKER ACTION FIGURE

At Auction

The Elizabeth Meaders Collection

Next week (15th March), Guernsey’s will host an iconic collection of African American Historical and Cultural Artifacts. It covers a wide variety of assets, including:

  • Sports
  • Music
  • Leaders and legacy-makers
  • Arts & entertainment
  • Military
  • Civil rights
  • Slavery

Our man Horacio did a podcast on the collection, and he describes it better than I can:

Elizabeth Meaders is auctioning off her collection of African-American artifacts – a total of 20,000 items 65 years in the making. But she’s not selling it off piece-by-piece. Instead, she’s auctioning it off as one giant collection, as she always intended it to be.

All the more remarkable is that the 90-year-old retired schoolteacher was such a prolific collector on a modest salary. In terms of historical significance, the collection is priceless – almost, its appraised value ranges between $7.5 – $10 million. The collection spans from America’s pre-Revolutionary slavery era, through the Civil War and Reconstruction, up through the Civil Rights Movement and beyond. Her collection tells a story about the African-American experience.

It’s a moving exhibit including items from Muhammad Ali, Stevie Wonder, The Supremes, Satchel Paige, Bill Pickett, Sammy Davis, and dozens more. Check out the story behind the collection.

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Author

Wyatt Cavalier

Wyatt Cavalier

With a background in finance & intelligence analysis, Wyatt has an unhealthy obsession with finding the best blue chip investment opportunities. His previous newsletter, Fractional, resonated deeply with subscribers, bringing actionable insights and unconventional trading strategies. His rare book collection specializes in banned editions. He currently lives in Spain with his beautiful wife, three young boys, and dog Monty.

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