GameStop has ventured into collectibles

Hello and welcome to Alts Cafe

I’m in Jalisco, Mexico this week in support of our Tequila fund that’s closing Friday. I can confirm it’s very hot.

Highlights from the full issue:

  • Macro: Powell anticipates monthly decline in inflation
  • Real Estate: Colorado home listings rose, and prices fell
  • Startups: Web app platform Vercel raised $250 million
  • Private Credit: Squarespace will be acquired by Permira
  • Crypto: CME Group plans to launch bitcoin trading
  • NFTs: FC Barcelona’s NFTs will be at the Moca Museum
  • Art: Christie’s evening sales brought in $413 million
  • Vintage Autos: RM Sotheby’s had its biggest Monaco auction
  • Coins: Two Lincoln cents sold for $31,200 and $9,600
  • Farmland: Maryland has conserved 30% of state land
  • Luxury: Shares of Cartier owner Richemont climbed 6.3%
  • Wine, Tequila, and Spirits: Jim Beam to release oldest bottle
  • Film & Music: Profit at Sony surged 34% in the last quarter
  • Precious Metals: Silver broke above the key $30 level
  • Collectibles: GameStop has ventured into collectibles
  • Websites: Permira acquired Squarespace for $6.9 billion

Let’s go.

Wyatt

Macro View

Bullish News

Bearish News

What are the odds?

Get $25 to play around with using this link.

What are we doing?

​Altea​ Highlights

Live Deals

Tequila I

  • I’m in Mexico this week to supervise the filling of the 80 barrels of 100% agave tequila we’ve helped 20 investors buy.
  • Those barrels will age three years, at which point we aim to sell.

Art II

  • We wired funds to the art broker over the weekend for this lovely Frank Auerbach Charcoal.
  • The iconic British artist is set for a surge in popularity over the next few years and trades well below his peers.

Investor Field Trips

We’ve locked in Nashville 🎸 for a music-themed investing adventure to Music City, USA.

Get your boots spit-shined and your guitar tuned.

Est. dates: October 21 – 25

We’ll discount the first few members who make a deposit. Let me know if you’d like to join.

​ALTS 1​ Fund news

This is open for a few more weeks, at which point we’ll begin onboarding new members through our Altea portal. Again, ​let me know​ if you’re interested.

Real Estate

Bullish News

Bearish News

How to invest in real estate right now:

Not a great time to consider a move to the PNW.

Startups

Bullish News

Bearish News

  • Coatue Management ​dissolved its stake​ in Apple in Q1 as the company’s shares plunged almost 11%.
  • Florida-based startup NightCap has begun ​advocating against copycats​ selling counterfeit products, costing hundreds of thousands in legal fees.
  • Ginkgo Bioworks ​received a notice​ from the NYSE that it is not in compliance with continued listing standards.
  • Shopify ​filed a lawsuit​ against a Chinese competitor for allegedly creating a copycat version of its storefront template software.
  • Voiceover actors ​sued AI startup LOVO​ in a class action lawsuit over alleged voice misappropriation, with some seeing a 50% decline in work.

How to invest in startups right now:

So Angelina Jolie didn’t wish me a happy birthday?

Private Equity and Private Credit

Bullish News

Bearish News

How to invest in PE and Private Credit right now:

I love my cat, but PE-funded vets will test exactly how much—in dollars.

Crypto

Bullish News

Bearish News

How to invest in Crypto right now:

Chinese crypto mining next door to a nuclear missile base. What’s the worst that could happen?

NFTs

Bullish News

Bearish News

How to invest in NFTs right now:

Who’s got tickets to the Moca?

Artwork

Bullish News

  • Christie’s evening sales ​brought in $413 million​, with Georgia O’Keeffe’s Red Poppy (1928) selling for $16.5 million.
  • The Kaleidoscope Artisan Collective, a new hub for local artwork featuring 31 artists, ​opened in Myrtle Beach​.
  • Sotheby’s The Now and contemporary art evening sales ​generated $227.9 million​, setting a new auction record for Faith Ringgold at $3.2 million.
  • Phillips’s evening sale of Modern and contemporary art ​sold $86.2 million​ worth of art, with Jean-Michel Basquiat’s Untitled selling for $46.4 million.

Bearish News

How to invest in Artwork right now:

Working at the Vatican sounds hellish.

Vintage Autos

Bullish News

Bearish News

How to invest in Vintage Autos right now:

Everybody needs a push sometimes, even a £1.5 million vintage Lamborghini.

Rare Coins

Bullish News

Bearish News

How to invest in Rare Coins right now:

Butter tycoon. Now that’s a job.

Farmland

Bullish News

Bearish News

How to invest in Farmland right now:

Missing trees? Someone check if David Blaine’s in India.

Luxury Goods

Bullish News

Bearish News

  • Burberry’s profits ​slumped by 40%​ due to a slowdown in demand for luxury goods, with global sales falling 8%.
  • Luxury apparel chain Ted Baker Canada ​filed for Chapter 15 bankruptcy​ to liquidate and close all 56 of its North American stores.
  • Shares of Tapestry Inc. ​sank 0.35%​ Thursday, snapping a three-day winning streak.
  • The “​Made in Italy​” label has lost its luster as the global luxury market demand returns to historic growth rates of around 5%.

How to invest in Luxury Goods right now:

Not a great time to be Italian, at least in the world of luxury.

Wine, Tequila, and other Spirits

Bullish News

Bearish News

  • The no and low-alcohol beverage market’s ​6% CAGR​ forecast for 2023-2027 threatens traditional spirits sales.
  • A New York man was arrested for over ​$10,000 in fraudulent purchases​ at two Delaware liquor stores using fake credit cards.
  • Spirits sales in Great Britain’s on-trade ​fell 19%​ in the week to May 4 compared to last year.
  • The 54-year-old Monticello Vineyards in Napa ​could be sold​ due to a feud among the founding family’s seven siblings.

How to invest in Wine and Spirits right now:

I think I found the plot for Succession, season 5.

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

Music and Film

Bullish News

Bearish News

  • The Mechanical Licensing Collective ​sued Spotify​ over its bundled music-audiobooks plans.
  • Jason Cloth ​stepped down​ as co-head of C2 Motion Picture Group after a Florida jury found he defrauded an investor out of millions.
  • The Cannes film festival ​faced strike disruption​ over the French government’s treatment of seasonal film festival staff.
  • Paramount Global shares ​fell more than 7%​ as the likelihood of Sony Pictures’ bid for the full company faded.
  • Spotify was hit with a ​cease-and-desist letter​ from the NMPA over its use of lyrics, music videos, podcasts, and remix features without proper licensing.
  • Sony Pictures Entertainment’s full-year operating income ​fell to $808 million​.

How to invest in Music and Film right now:

Spotify is getting its comeuppance.

Metals and Gems

Bullish News

Bearish News

How to invest in Metals and Gems right now:

Grab your pickaxe, it’s another gold rush.

Collectibles

Bullish News

Bearish News

How to invest in Collectibles right now:

I knew my collection was missing something: a chunk of a basketball court.

Websites and Domains

Bullish News

Bearish News

  • A fraud ring operating tens of thousands of fake webshops ​stole $50 million​ and credit card details from 850,000 victims.
  • 38% of webpages that existed in 2013 are ​no longer accessible​ a decade later, and 54% of Wikipedia pages contain at least one broken link.
  • Canonical Software, the Ubuntu distributor, ​tried to reverse hijack​ the lubuntu.net domain name but was found guilty.
  • Google’s AI search shift ​sparks advertiser fears​ about declining web traffic, with about 25% of traffic potentially negatively affected.
  • The FBI seized control of the BreachForums website, a notorious data leak forum, ​for the second time​ in 12 months.
  • Arizona is ​suing Amazon​ over its intentionally confusing Prime cancellation process.

How to invest in Websites and Domains right now:

What’s confusing about scouring 6 articles, watching an 8-minute YouTube video, and sending 3+ emails to a customer service rep?

Cheers,

Wyatt

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.

Share

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.

Related Posts

CRE vacancy rise to alarming new levels

US inflation remained steady from May to April, Commercial vacancy rates rose to 14% in Q2, Cisco is investing $1 billion in startups working on AI, and More.

Recently Published

Unique investment ideas worth exploring

Our newsletter is everything. Start here.

    Join thousands of subscribers.
    Absolutely spam-free.