Roundup: Fanatics acquires Topps for $500M, OpenSea valued at $13.3B and more
January 7, 2022
Moriah Costa

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📰 In the Headlines

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‍The Altan Insights 2021 alternative asset performance review is out  

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• Otis had the highest “average returns on investment” in 2021 among fractional platforms at 30.49%, according to a yearly report published by industry analyst, Altan Insights.  

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• The top performing asset class in terms of average ROI was Video Games at 74%, followed by Comics at 55% and Memorabilia at 40%.  

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• Fun Fact: The asset classes exhibiting the strongest correlation of 2021 were video games and comic books. Less intuitively, Sports Cards and Sports Memorabilia exhibited negative correlation.

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‍Fanatics has acquired trading card company Topps for an estimated $500m  

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• Sports e-commerce giant Fanatics has purchased Topps’s name and its sports card line. Fanatics’ CEO called Topps an iconic brand that would help the company build out its sports cards segment.

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• With the Topps acquisition, Fanatics now has a long-established distribution network for its trading cards. This will help the company meet its goal of expanding into the direct-to-consumer market.  

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• Fun Fact: For 70 years, Topps had a licensing agreement with the MLB that made it the go-to name in baseball cards. That all changed last year when Fanatics signed an exclusive contract with the MLB, forcing Topps to cancel its IPO.

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‍OpenSea sees valuation skyrocket to $13.3b after new funding round  

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• The NFT marketplace closed a $300m Series C round earlier this week, bringing its total valuation to $13.3b. OpenSea was valued at $1.5b less than 6 months ago, making it one of the startup world’s fastest-growing companies.  

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• OpenSea had a banner 2021, seeing transaction volume increase more than 600x. In the past 30 days, it turned over $2.4b in transactions.  

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• Fun Fact: NFT companies are benefiting from the interest in the metaverse, with more than $3b invested in NFT companies from private investments in 2021, according to PitchBook.    

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‍🔥 From the Otis Collection

• This week in the Otis Discord, we’re talking about: Otis House auctions, Michael Jordan sneakers, and more — join the conversation.  

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• Shareholders voted to accept a buyout offer for the 1986 Fleer Basketball Set right before the holidays. The final buyout offer was $685k with a final net payout of $29.78 / share, representing a 197.8% return from the drop value of $10 / share on 12/1/20.

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• "All Time High in the City," an NFT artwork by XCOPY, sold for 1630.0 ETH (around $6.2m) this week, becoming XCOPY’s second highest sale and third work to break $6m. XCOPY’s "Bottom Feeder" NFT" recently dropped on Otis for $93,700 and is currently open for investment at $1/share.

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• Logan Paul’s new $3.5m Pokémon purchase could be fake, with fans saying there are numerous inconsistencies and issues with the box. The grail of Pokémon cards, the 1999 1st Edition Charizard, recently dropped on Otis and is currently open for investment at $1/share.  

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• The media industry’s millennial nostalgia machine continues cranking: HBO Max’s ‘Harry Potter: 20th Anniversary Reunion’ special premiered on January 1st. Otis recently dropped a first edition, first printing of Harry Potter and the Philosopher's Stone, which will open for trading soon.  

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• A jersey signed “G.O.A.T” by Tampa Bay Buccaneers quarterback Tom Brady is up for auction at Goldin Auctions and could sell for $1m. Otis has a Tom Brady Rookie Card (2000 SP Authentic #118 /1250 PSA 10) trading on the platform.  

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• Paris Saint-Germain's Kylian Mbappé reached a landmark 200 career goals on Monday in a 4-0 game against fourth division Vannes. A Kylian Mbappé Rookie Card (2018 Panini Prizm World Cup Orange Prizm #80 /65 PSA 10) is trading on Otis.

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🔖 From Otis Magazine

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This week in Otis Magazine, longtime Michael Jordan collector and expert Gerard Starkey argues that Michael Jordan’s Shattered Backboards should be worth more than the game-worn Air Ships that sold for $1.4m at Sotheby’s in October.


Read: ​​Why the Shattered Backboards Are More Desirable Than the $1.4M Air Ships

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Roundup

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