A massive Q1 for PE

Hello and welcome to Alts Cafe

It was a banging week for ​Altea​ members. Check out the update below.

Highlights from the full issue:

  • Startups: HobbyDB is raising a Crowdfunding round
  • Macro: “no signs of stagflation”
  • Real Estate: San Antonio is heating up
  • Private Credit: A massive Q1 for fundraising
  • Crypto: Bitcoin sank to the lowest level since February
  • NFTs: Casio launched an NFT collection
  • Art: The Global Art Market passed pre-pandemic levels
  • Vintage Autos: A 1938 Bugatti sold for a record $6.6 million
  • Coins: France returned over 8,500 ancient coins to Turkey
  • Farmland: Target’s investment in sustainable cotton
  • Luxury: Miu Miu had an impressive Q1
  • Wine, Tequila, and Spirits: New Zealand wine is booming
  • Film & Music: UMG and TikTok signed a licensing deal
  • Precious Metals: Pandora reported an 18% sales increase
  • Collectibles: Original Harry Potter Cover to sell for $600,000
  • Websites: $84 million in domain name sales for Escrow

Let’s go.

Wyatt

Macro View

Bullish News

Bearish News

What are the odds?

Investors have given up on a rate cut this summer and have kicked the can down the road to November.

Get $25 to play around with using this link.

What are we doing?

​Altea​ Highlights

Check out the ​full roundup​.

​ALTS 1​ Fund news

Alts I is open to new accredited investors for a limited time. ​Express interest.​

Real Estate

Bullish News

Bearish News

How to invest in real estate right now:

How long must I live in San Antonio before I can wear a cowboy hat?

Startups

Bullish News

Bearish News

How to invest in startups right now:

Peloton is going downhill fast, much like a real bike.

Private Equity and Private Credit

Bullish News

Bearish News

How to invest in PE and Private Credit right now:

Wheelchair repair shops need to ramp up production.

Crypto

Bullish News

Bearish News

  • Bitcoin sank to the ​lowest level​ since February on Wednesday as the crypto market dropped 9%.
  • The DOJ charged “​Bitcoin Jesus​” Roger Ver with $48 million in tax fraud for allegedly evading taxes on 131,000 Bitcoin.
  • Binance founder Changpeng Zhao was sentenced to ​four months in prison​ after pleading guilty to money-laundering.
  • Victoria Jacobs was ​sentenced to 18 years​ for funding terrorism by using crypto to send financial support to groups in Syria.

How to invest in Crypto right now:

Lesson learned: don’t fund terrorism.

NFTs

Bullish News

Bearish News

How to invest in NFTs right now:

The Casio project is one to watch [Ed note: sorry]

Artwork

Bullish News

Bearish News

How to invest in Artwork right now:

You’d think lasers would be the cause of fading artwork, not a method of avoiding it.

Vintage Autos

Bullish News

  • The 1938 Bugatti Type 57C Aravis ‘​Special Cabriolet​‘ sold for a record $6.6 million at the Mullin Collection Auction.
  • Pharrell Williams’s Joopiter is launching “​Joyride​,” its first auto sale, featuring rare vehicles like a 1990 Lancia Delta Integrale, expected to fetch up to $100,000.
  • Joe Basil Chevrolet opened Basil Classic Cars, a new dealership ​dedicated to classic cars​ in Western New York.
  • Five Buick Regal Grand Nationals are ​up for auction​ at Mecum’s 37th Spring Classic, with an average selling price of $47,700.
  • A rare 1990 BMW M3 Sport Evolution is ​up for auction​ on Bring a Trailer, with recent sales exceeding $180,000.

Bearish News

How to invest in Vintage Autos right now:

Pharell Williams has made his entrance into the auto market.

Rare Coins

Bullish News

  • A 1976-S Bicentennial Silver Quarter sold for ​$19,200 at auction​, with seven others selling for over $1,000.
  • A bill was introduced to facilitate ​the lawful trade​ in ancient, medieval, and early modern coins with US partners in Europe.
  • An exceptional example of a highly collectible ​Roman denarius​ commemorating the opening of the Colosseum will be sold at Baldwin’s Ancient Coin Sale.
  • Heritage’s May 9 Platinum Session features ​Matte Proof gold coins​, produced at the Philadelphia Mint from 1908 to 1915.
  • France returned more than ​8,500 ancient coins​ to Turkey, seized as illegally imported and valued at over $1.6 million.

Bearish News

How to invest in Rare Coins right now:

Might be time to bring back carrier pigeons for coin shipments.

Farmland

Bullish News

Bearish News

How to invest in Farmland right now:

Sustainable cotton is on the rise.

Luxury Goods

Bullish News

Bearish News

  • Federal agents seized $2 billion worth of ​fake luxury items​ last year, with counterfeit goods representing 2.5% of global trade.
  • Luxury watch secondary market prices ​dropped about 40%​ from 2022 highs.
  • Mulberry’s full-year revenue is ​down by 4%​, with its share price falling around 30% in the last year.
  • China’s luxury market is ​recovering slowly​, with growth expected to drop to single digits in 2024 from 12% last year.
  • Since 2019, prices for personal luxury goods in Europe ​have risen 52%​.

How to invest in Luxury Goods right now:

Who knew federal agents had such a keen eye for fake luxury?

Wine, Tequila, and other Spirits

Bullish News

  • BAXUS ​raised $5 million​ from Multicoin Capital to enhance its vaulting technologies for its collectible spirits marketplace.
  • Unicorn, a tech-enabled platform for spirits and wine collectors, ​raised $5.8 million​ in a seed funding round.
  • Beam Suntory has rebranded as ​Suntory Global Spirits​, marking its growth from $2.5 billion to $5.5 billion since its 2014 acquisition by Suntory Holding.
  • The New Zealand wine market is poised to reach ​$1.7 billion​ by 2030.

Bearish News

  • Non-alcohol product consumption ​rose by 5%​ in 2023.
  • Whisky cask fraud could ​seriously damage​ the reputation of Scotch whisky, with issues documented since the 1990s.
  • A Montana Distillery filed for ​Chapter 11 bankruptcy​, listing up to $50,000 in assets and $500,000 to $1 million in liabilities.
  • A Beijing fraudster was ​sentenced to 5 years​ for faking Petrus and Lafite wines with an estimated market value exceeding $51,086.
  • Napa Valley wineries launched a revolt against ‘​abusive​‘ county regulations, with one vineyard fined $1 million for overproduction.
  • New York lawmakers want to expand ​direct shipping of liquor​, but addiction recovery advocates argue it will negatively impact public health.

How to invest in Wine and Spirits right now:

Last chance to get in on our ​tequila SPV​. ​Let me know​ if you’re interested.

Music and Film

Bullish News

  • Sony Pictures Entertainment and Apollo Global Management made a $26 billion ​all-cash buyout​ offer for Paramount Global.
  • Universal Music Group and TikTok signed a ​new licensing deal​, promising better pay for UMG’s artists and songwriters.
  • Spain’s Canary Islands scrapped a prior ​$53.5 million cap​ on total annual tax incentives tapped by movies and series shooting in the archipelago.

Bearish News

  • Disney’s movie division ​lost money​ as films like Wish, The Marvels, and Indiana Jones underperformed at the box office.
  • Warner Music Group’s CEO backed a US Senate bill to crack down on ​AI deepfakes​ after unauthorized AI-generated tracks surfaced.
  • Warner Bros. Discovery’s stock hit an ​all-time low​ on Tuesday, losing roughly 70% of its value since April 2022.

How to invest in Music and Film right now:

Better pay is on the way for UMG artists.

Metals and Gems

Bullish News

Bearish News

How to invest in Metals and Gems right now:

Led pipes are out!

Collectibles

Bullish News

Bearish News

How to invest in Collectibles right now:

See you all in Prague.

Websites and Domains

Bullish News

Bearish News

How to invest in Websites and Domains right now:

Online groceries are nice, but I’ll miss the cart with the sticky wheel.

That’s all for this week

Disclosures

  • We hold BTC, ETH, and a couple Star Wars Action figures in our ​ALTS 1 Fund​.
  • There are a couple of affiliate links above. If you click them, we may get a couple of bucks.

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Author

Picture of 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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