The Bourbon market is getting a bit tipsy

Hello and welcome to Alts Cafe, your weekly wrap of everything worth knowing in the Alts markets

Highlights from the full issue:

  • Macro: Wells Fargo upgraded US economy outlook
  • Real Estate: Denver ranked hottest housing market
  • Startups: Ramp raised another $150 million
  • Private Credit: Global PE exit value sank
  • Crypto: Crypto.com is hiring
  • NFTs: Adidas is making NFT sneakers
  • Art: NYC galleries are moving to LA
  • Vintage Autos: Classic cars create 79,000 Australian jobs
  • Coins: The Trump Liberty Coins scandal
  • Farmland: Anheuser announced its US Farmed certification
  • Luxury: Rolex introduced new watches
  • Wine, Tequila, and Spirits: Bourbon market is on the rise
  • Film & Music: Spotify continues to cut artist pay
  • Precious Metals: The platinum jewelry market is growing
  • Collectibles: Drake landed six rare Michael Jordan Cards
  • Websites: Lessy.com sold for $25,000

Let’s go.

Wyatt

Macro View

Bullish News

Bearish News

What are the odds?

Everything is in the red as optimism turns to abject terror.

Get $25 to play around with using this link.

What are we doing?

​Altea​ Highlights

Check out the ​full roundup​.

Live Deals

​​Altea Tequila SPV​​

  • Investment size: $10k minimum
  • Hold period: 3 – 5 years
  • Potential IRR: 35% to 40%
  • Fees: 2% management | 20% carry | nominal one-time subscription TBC

Status: This is with the lawyers now, and we should have documents next week. I’ll be in touch late this week or early next week to begin the KYC, Self-Accreditation, document signing, and funds transfer process.

All going well, we’ll have this wrapped up first week of May.

​​Frank Auerbach Bundle​​

One Frank Auerbach Charcoal

  • Investment size: up to $560k
  • Duration: 3 – 10 years
  • Potential IRR: 15% to 20%
  • Fees: 1.5% management | 20% carry

Status: This one is live on the Altea investor portal now, and it should be wrapped up early/mid-this week.

New Deals

Two real estate opportunities this week from Altea member ​​Vanessa Mendenhall​​.

​​128 Property Portfolio in Philadelphia​​

Investment Type: Real Estate Raising: $10,000,000 Minimum Investment: $100,000 Average Cap Rate: 10.35% Projected returns: 15.2% IRR Point of Contact: ​​Vanessa Mendenhall​​

What’s the deal

This investment portfolio comprises 121 residential and 49 multi-family/mixed-use properties in Philadelphia. With a $15.4M acquisition price ($95.5K per unit), it offers an instant equity gain of $4M based on current market value.

Projected 5-year returns include $11.4M gross rental income, $11.1M net profits, and a 15.2% annual return.

Philadelphia’s real estate market shows promising developments, including major investments in life sciences, apartments, and mixed-use projects.

The minimum investment is $100k, but if there’s enough interest from smaller checks, we can potentially put together an SPV to get you in. [​​Read how that works and what the fees are​​]

​See the opportunity.​​

​Express interest.​​

​​Rancho Cucamonga 265​​

Investment Type: Real Estate Raising: $5,000,000 Minimum Investment: $100,000 Projected returns: 31% IRR Point of Contact: ​​Vanessa Mendenhall​​

What’s the deal

The Rancho Cucamonga land development project, encompassing 265 acres, presents a potential investment opportunity with a three-year timeline. The project requires a total capital investment of $18,518,850 and involves the sale of 60 undeveloped 2.5-acre lots and 40 developed lots.

The projected net profit is $31,021,150, subject to market conditions and successful execution of the development strategy. The project is structured in two phases. Phase I focuses on entitlements, planning, and initial dispositions, while Phase II involves continued access development and the sale of improved lots with architectural plans. Comparable sales in the area range from $584,000 to $1,500,000 per acre, suggesting potential market demand for the lots.

The minimum investment is $100k, but if there’s enough interest from smaller checks, we can potentially put together an SPV to get you in. [​​Read how that works and what the fees are​​]

​See the opportunity.​​

​​Express interest.​​

​ALTS 1​ Fund news

Last week, we reported the second quarter in a row of solid returns, and we’re officially opening Alts 1 to new investors this week.

See the opportunity.​​

Express interest.​​

Real Estate

Bullish News

Bearish News

How to invest in real estate right now:

Short Denver, long San Antonio.

Startups

Bullish News

Bearish News

How to invest in startups right now:

AI startup Stability is wondering why they named themselves that.

Private Equity and Private Credit

Bullish News

Bearish News

How to invest in PE and Private Credit right now:

I’m sure it’s a great platform, but “Lazard Elaia Capital” is the best name we could come up with?

Crypto

Bullish News

Bearish News

How to invest in Crypto right now:

All eyes on ETH this cycle (or not, I suppose)

NFTs

Bullish News

Bearish News

  • Digital Basel, an NFT art platform, ​shut down​ after facing accusations of plagiarizing Art Basel, falsely claiming to sell artworks from prominent galleries.
  • PayPal ​no longer offers purchase protection​ for NFTs, putting them in the same category as financial products and investments.
  • The value of Bored Ape NFTs has ​plummeted 90%​ from its peak of 120 ETH to 10 ETH, its lowest value since August 2021.

How to invest in NFTs right now:

Do NFT sneakers run small or large?

Artwork

Bullish News

  • Four Joan Mitchell paintings from a private collection could realize ​$50 million​ at Sotheby’s auction.
  • Sotheby’s Financial Services announced a groundbreaking ​$700 million​ securitization backed by art-secured loans, a first-of-its-kind transaction.
  • The Louvre acquired ​Jean-Siméon Chardin’s​ Basket of Wild Strawberries after a successful fundraising campaign that raised €24.3 million.
  • A $525,000 Mary Abbott painting led reported sales at ​EXPO Chicago 2024​, which welcomed over 35,000 visitors.
  • The Nelson-Atkins Museum of Art will auction Monet’s iconic painting “​The Mill at Limetz​“, which could fetch $25 million.
  • 11 established New York art galleries ​are flocking to Los Angeles​.

Bearish News

  • A Connecticut man was sentenced to ​14 months in prison​ for selling 145 fake Peter Max paintings for $1,325 to $2,833 each.
  • 46 paintings and hundreds of silk ties stolen from artist Gabriele Beyer’s home in 2021 were ​found 300 kilometers away​ in a thrift store donation. [Ed: hundreds of silk ties??]
  • A fire ripped through the ​Old Stock Exchange building​ in Copenhagen, causing “400 years of Danish cultural heritage” to go up in flames.
  • ​AI discovered​ that the famous painting Madonna della Rosa wasn’t entirely painted by Raphael.
  • The Metropolitan Museum of Art returned an ​ancient Sumerian sculpture​ to Iraq as its collection faces increased scrutiny for stolen objects.

How to invest in Artwork right now:

Turns out people don’t wear silk ties like they used to.

Vintage Autos

Bullish News

  • A stunning red 1966 Aston Martin DB6 Vantage Saloon is set to ​cross the block​ at Barrett-Jackson’s Palm Beach Auction.
  • Mecum Auctions’ Houston event drew enthusiasts and collectors, with 730 cars sold for a remarkable total of ​$29.4 million in sales​.
  • The 12th and final example of the limited-production 2022 Bentley Bacalar will ​be auctioned next month through​ Mecum Auctions.
  • A survey found that Australia’s classic car owners spend ​$9.9 billion annually​ on historic cars, contributing $25.2 billion to the economy and creating nearly 79,000 jobs.

Bearish News

How to invest in Vintage Autos right now:

Seems like an overreaction to green license plates.

Rare Coins

Bullish News

Bearish News

How to invest in Rare Coins right now:

If I ran Casper coin shop, I’d blame the robbery on a ghost.

Farmland

Bullish News

Bearish News

How to invest in Farmland right now:

India, don’t forget your umbrella.

After our trip to Mexico, there was significant interest in acquiring cash-flowing agave farmland.

Altea members get first dibs, but you can get on the ​waitlist​ in case there’s extra space.

Luxury Goods

Bullish News

Bearish News

How to invest in Luxury Goods right now:

Is FENDI’s home collection the perfect Mother’s Day gift?

Wine, Tequila, and other Spirits

Bullish News

Bearish News

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

  • ​Universal Music Group​ generated 51% of its 2023 recorded music revenues in North America.
  • Concord agreed to buy Britain’s Hipgnosis Songs Fund for ​$1.4 billion​, gaining rights to artists including Shakira and Neil Young.

Bearish News

How to invest in Music and Film right now:

Spotify continues to find more ways to pay artists less.

Metals and Gems

Bullish News

Bearish News

How to invest in Metals and Gems right now:

You can ​buy a kg of gold​ from Walmart.

Collectibles

Bullish News

Bearish News

How to invest in Collectibles right now:

Get smart about women’s sport.

Websites and Domains

Bullish News

Bearish News

How to invest in Websites and Domains right now:

Paying ape coin for .ape seems fair.

That’s all for this week

Cheers,

Wyatt

Disclosures

  • We hold BTC, ETH 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

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

GameStop has ventured into collectibles

Powell anticipates monthly decline in inflation, Colorado home listings rose, and prices fell, Web app platform Vercel raised $250 million, Squarespace will be acquired by Permira, and More.

robot making a salad

Salad-Making Robots

Sweetgreen’s Salad-Making Robots, The World’s Largest Autonomous Trucking Network, Reebok’s AI-Powered Sneakers, and More.

Recently Published

Unique investment ideas worth exploring

Our newsletter is everything. Start here.

    Join thousands of subscribers.
    Absolutely spam-free.