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Cultural Assets Insider – Dec 3, 2021

Welcome to Cultural Assets Insider.

We analyze offerings across the landscape to discover undervalued, mispriced, and hidden gems.

Cultural assets performance 2021

Cultural assets continue their strong 2021 as one of our best-performing categories. Look for them to tick up into the new year.

Last week’s performance

Fractional secondary markets

Not much action last week as most items were flat to slightly up.

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

This Week (and last)

Steve Jobs wore this. It was the 80s.

Fractional Platforms

Steve Jobs Middle Finger Jacket

  • Market Cap: $85,000
  • Inferred Value: $60,000
  • Drop: 11/30/21 on Rally
  • Recommendation: Pass (valuation; asset was bought recently at auction by Rally with no interim catalysts; valuation discussed in further detail on Alt Assets Cultural Assets Discord channel)

Buyout Offer

Declaration of Independence New Hampshire Broadside

  • Market Cap: $2,000,000
  • Rally received a buyout offer of $2.8M (gross) on 11/30 which would represent a 40% premium to the 11/19 IPO price
  • Shareholders have until 11 am EST on 12/2 to vote on offer

At Auction

Sotheby’s Treasure Auction opens December 7 with several interesting and historical pieces. One of the standout pieces is the 1840 Penny Black, which is the world’s first postage stamp with a pre-auction estimate of £4M – £6M.

If you’re looking for something a bit more affordable, head over to Goldin’s pop culture auction, where you can find sealed and graded VHS tapes from the original Star Wars films, a 1971 Diamonds are Forever VHS, and some uh, less–desirable items.

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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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    Disclaimer: The authors of Alt Assets, Inc. are not finance or tax professionals. They are self-taught accredited investors, sharing information, research, and lessons learned. The published content is unique, based on certain assumptions and market conditions at the time of publishing and is intended to serve solely as research, not financial advice. Alts I LLC (the “Fund”) is an affiliate of Alt Assets, Inc. and the Fund has conducted a private placement offering under Rule 506(c) of Regulation D of the Securities Act of 1933, as amended. The Fund may invest in one, several or all of the alternative asset classes that Alt Assets, Inc. publishes content on its site. Any published articles on Alt Assets, Inc. that an alternative asset has a “buy”, “pass”, “overvalued” or “undervalued” designation does not factor into the asset classes that the Fund through its manager ultimately invests in, and thus, any of the Fund’s investments that have positive designations on the Alt Assets, Inc.’s site are purely coincidental as the Fund is actively managed and guided by its own investment parameters as summarized in the relevant private placement memorandum.