Welcome to Cultural Assets Insider for 21st December 2021 – FREE version.
We analyze offerings across the landscape to discover undervalued, mispriced, and hidden gems.
Table of Contents
Cultural Assets performance 2021
Essentially flat since the end of August, cultural assets are a bit of ballast among other more volatile asset classes in the alts space. With two more trading weeks to go, this could go either way.
Could we see a Santa Claus rally next week?
Last Week
Fractional secondary markets
Toys bounced back last week after a dire week prior, while paintings led the way overall on the Otis platform. Very little action elsewhere.
Auctions
Last week, we briefly highlighted a gold pan painting by the beloved Bob Ross. Historic comparable sales this year were right around the $6k mark, but OtisHouse smashed that with their inaugural auction.
The piece went for 2.6ETH ($10,461 at time of writing).
It’s a sort of common meme that people will spend much more when assets are priced in ETH than they will if they’re priced in USD or another fiat currency.
That trend didn’t hold up for everything in the auction, though. A LeBron James rookie card which is valued around $11k sold for 2.63ETH ($10,563 at time of writing). It’ll be interesting to see how this trend manifests as crypto payments become more common.
This Week
Fractional IPOs
Two new items drop this week on fractional marketplace Rally, and they couldn’t be any more different.
Justinian II, Gold Solidus (first depiction of Christ on a coin) Str 4/5 Sur 5/5
- Market Cap: $18,500
- Inferred Value: $14,750
- Drop Details: 12/23/21 on Rally
- Recommendation: [INSIDERS ONLY]
Jay-Z 2005 Topps Finest Fact Auto PSA 10
- Market Cap: $18,500
- Inferred Value: $14,000
- Drop Details: 12/21/21 on Rally
- Recommendation: [INSIDERS ONLY]
Secondary Markets
Nothing new is scheduled to trade this week.
At Auction
Regular readers here know I’m bullish on both film and concert posters, and Heritage Auctions is giving us the chance to own a piece of Christmas Movie History this week.
There are five days left to bid on an original poster from perennial holiday favourite Die Hard.
A number of other classics are on the block including Taxi Driver, Revenge of the Jedi, and The Man Who Shot Liberty Valance.
And yes, Return of the Jedi was originally called Revenge of the Jedi, so the poster above is an early printing. The cheerier later version is also available.
