Sotheby’s hit $6 billion in 2024

Hello and welcome to Alts Cafe 👋

This is everything you need to stay up to date in alternatives.

Highlights from the full issue:

  • Macro: Nigeria projected 2025 GDP growth at 4.17%
  • Real Estate: Existing home sales rose 9.3% in December
  • Startups: Global fintech funding fell 20% in 2024
  • Private Credit: Thoma Bravo closed ​Credit Fund III​ at $3.6B
  • Crypto: PayPal’s PYUSD became the ​4th largest stablecoin
  • NFTs: CMC Group launched ​Liquid NFTs
  • Art: Sotheby’s hit $6 billion in 2024 sales
  • Vintage Autos: A 1966 Ford GT40 ​sold for $7.04 million
  • Coins: A rare 1927-D Double Eagle ​sold for $3.84 million
  • Farmland: The Mormon Church paid $289M for 41,554 acres
  • Luxury: Syntilay launched the first AI-designed luxury shoe
  • Wine, Tequila, and Spirits: Popeyes partnered with Don Julio
  • Film & Music: Roc Nation partnered with Musicow
  • Precious Metals: Peruvian Metals achieved record production
  • Collectibles: Fanatics reported 15% revenue growth in 2024
  • Websites: Pack.com sold for $600,000

Let’s go.

Wyatt

Macro View

Bullish News

Bearish News

What are the odds?

Get $25 to play around with using this link.

Real Estate

Bullish News

Bearish News

How to invest in real estate right now:

Is Detroit making its comeback?

Startups

Bullish News

Bearish News

How to invest in startups right now:

GameOn to GameOver.

Private Equity and Private Credit

Bullish News

Bearish News

How to invest in PE and Private Credit right now:

PE is really making a name for itself in the medical world.

Crypto

​Keep an eye on DJT’s meme coin here​

Bullish News

Bearish News

How to invest in Crypto right now:

Who’s holding PYUSD?

NFTs

​Keep an eye on Trump NFTs here​

Bullish News

Bearish News

How to invest in NFTs right now:

Brutal way to lose $90K.

Artwork

Bullish News

Bearish News

How to invest in Artwork right now:

How much does a letter by Einstein go for?

Vintage Autos

Bullish News

Bearish News

How to invest in Vintage Autos right now:

What do you think about Lamborghini’s decision? Bring back the classics or keep moving forward?

Rare Coins

Bullish News

  • A rare 1927-D Saint-Gaudens Double Eagle ​sold for $3.84 million​ at GreatCollections, one of only a dozen known examples.
  • Heritage Auctions achieved ​$78.3 million​ in total sales at their FUN numismatic events.
  • The US Mint ​launched​ the USMC 250th Anniversary Commemorative Coin Program.
  • Heritage Auctions completed its most successful year with ​$1.9 billion​ in total sales.
  • The Perth Mint’s December silver sales reached ​1,057,311 ounces​, a 55.2% increase from the previous year.

Bearish News

  • The US Mint’s ​production costs soared​ to 3.69 cents per penny and 13.78 cents per nickel in 2024, resulting in a negative seigniorage of $103 million.

How to invest in Rare Coins right now:

Another week, another desperate search through my pocket change for a 1927-D Saint-Gaudens Double Eagle.

Farmland

Bullish News

Bearish News

How to invest in Farmland right now:

Who knew the number of wireless devices in ag was a metric people were recording?

Luxury Goods

Bullish News

Bearish News

  • Chanel ​cut 70 US jobs​, representing 2.5% of its US workforce.
  • UK luxury retailers reported tourist sales ​dropped​ from 33% to 5% of total revenue after tax-free shopping ended.
  • Tiffany & Co. ​closed​ its Providence Place store.

How to invest in Luxury Goods right now:

Who here is getting AI shoes?

Wine, Tequila, and other Spirits

Bullish News

Bearish News

How to invest in Wine and Spirits right now:

I can’t wait to see what comes of the Popeyes X Don Julio collab.

Music and Film

Bullish News

Bearish News

How to invest in Music and Film right now:

Excited to find out if Yoko really is to blame after all.

Metals and Gems

Bullish News

Bearish News

How to invest in Metals and Gems right now:

Always be on the lookout for gold bar deals that sound too good to be true.

Collectibles

Bullish News

Bearish News

  • Three people were ​charged​ with forging 1,138 pieces of Jason Kelce memorabilia worth $200,000.
  • Diamond Comic Distributors filed for ​Chapter 11 bankruptcy​, owing $9.2 million to Penguin Random House.
  • Graphic novel sales ​dropped 11.4%​ in 2024, the industry’s worst performance in years.

How to invest in Collectibles right now:

Who else is hooked on Pokémon Trading Card Game Pocket?

Websites and Domains

Bullish News

Bearish News

How to invest in Websites and Domains right now:

Which .ai will be the next to sell big?

That’s all for this week

Cheers,

Wyatt

Disclosures

  • We hold BTC and ETH in our ​ALTS 1 Fund​.
  • This issue was brought to you by our friends at ​Sen-Jam​.
  • 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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