Trading Update – Bulls Rings and Jordan Sneakers

Welcome to the Sports Memorabilia/Trading Updates Insider – FREE VERSION.

Today I’m looking into two assets trading this week at Rally Road:

  • Complete Set of 1990s Bulls Champion Rings that opens for trading Tuesday, August 10th from 9:30 AM EST – 4 PM EST
  • A pair of 1996 Michael Jordan playoff game-worn “Bred” Sneakers” that opens for trading Wednesday, August 11th from 9:30 AM – 4 PM EST

Bulls championship ring set of six

What is the Asset?

Wyatt first wrote about these rings back at his old site here — while a lot has changed in the market since last December, it does give you a good rundown of what the asset is. In short, this is a complete set of championship rings from all six of the Bulls’ titles in the 1990s originally given to security guard John Capps, who was featured in the Netflix documentary The Last Dance.

If you were signed up to Insider (start a free trial), you’d also learn:

  • Projected future growth
  • Asset class ROI, volatility and risk statistics
  • Detailed valuation with recent sales
  • Our verdict

What is the current status of the Asset?

This originally IPO’d on Christmas Day 2020 with 30000 shares at $10/share for a market cap of $300,000. It has only traded once since then, on April 20th and fell to $8/share (market cap of $240,000). Rally originally bought them for $255,480 on October 25th, 2020. It begins trading again Tuesday, August 10th from 9:30 AM – 4:00 PM EST.

Inferred Valuation / Target Share Price

[Valuation for Insiders Only]

Category Strength

The Sports Memorabilia category had a -15% ROI in Q2 2021.

Subcategory Strength

[Insiders Only]

Past Asset Growth

As mentioned in Wyatt’s article, there was a complete set that went for $221,000 in February of 2020, so it saw some appreciation in the time before Rally’s purchase and has seen further appreciation since.

Final Thoughts

​​[Full verdict for Insiders Only]

Jordan 1996 Playoff Game Worn Sneakers

What is the Asset?

This is a pair of Air Jordan XIs with the “Bred” colorway that were worn in the 1996 playoffs by Michael Jordan. Both shoes are signed by Jordan, though they were not matched to a specific game.

If you were signed up to Insider (start a free trial), you’d also learn:

  • Projected future growth
  • Asset class ROI, volatility and risk statistics
  • Detailed valuation with recent sales
  • Our verdict

What is the current status of the Asset?

This originally IPO’d on January 11th, 2021 with 10800 shares at $5/share for a market cap of $54,000. It has only traded once since then, on April 22nd and fell dramatically to $3.10/share (market cap of $33,480). Rally originally bought them for $47,880 on December 3rd, 2020. It begins trading again Wednesday August 11th from 9:30 AM – 4:00 PM EST.

Inferred Valuation / Target Share Price

[Valuation for Insiders Only]

Final Thoughts

Be aware that another game-used Jordan pair with a recent direct comp will also be trading in September at Rally – the game-used and matched “Concords”. ​[Full verdict for Insiders Only]

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Author

Adam Katz

Adam Katz

Adam is a lawyer and real estate investor with a finance background. His diverse job experience includes stints in a MLB front office, a major global law firm and the real estate investment fund he co-founded. He is bringing his well-honed research and valuation skills to the world of fractional investing. Born and raised in San Francisco, he currently lives in Brooklyn with his dog, a pit bull mix named Beaux.

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