The daily letter on alternative markets
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Top news
Updated 2026-10-17The latest stories from across the alternative investing world, updated every morning.
- NFTs2026-10-17
Azuki floor jumps 11.7% to $1,330, still down 12.3% in a week
Azuki's floor price rose to $1,330, up 11.7% on the day. It remains down 12.3% in a week and down 22.3% over the past month, suggesting the one-day move…
- Collector Cars2026-10-17
Bring a Trailer median sold price falls 5.9% to $20,125
Bring a Trailer's median sold price slipped to $20,125, down 5.9% on the day and down 33% in a week, though still up 7.3% over the past month. Whether the…
- Fine Art2026-10-17
Masterworks offering count holds at four, down 56% in a week
Masterworks logged four offerings over the trailing 90 days, unchanged on the day but down 56% in a week and 56% over the past month. The slowdown may…
- Collector Cars2026-10-16
2018 Porsche 911 GT2 RS Weissach sells for $800,000 on BaT
A 799-mile 2018 Porsche 911 GT2 RS Weissach sold for $800,000 on Bring a Trailer. Low-mileage, high-spec Porsche track models remain among the most…
- NFTs2026-10-16
Blue-chip NFT volume falls 28% on the day to $572,700
Blue-chip NFT 24-hour volume slipped to $572,700, down 28% on the day and down 53% in a week, per CoinGecko. The 30-day change is up 4.2%, leaving the…
- Collector Cars2026-10-16
Open question: Is H100 supply tightening or just listing churn?
H100 offers fell to 33 on the day on Vast.ai, even after an 83% jump in a week. Is the weekly spike a restocking burst that’s already fading, or are…
- NFTs2026-10-16
Open question: Is the NFT volume drawdown broad or top-heavy?
CoinGecko shows blue-chip NFT volume at $572,700, down 53% in a week. Is activity disappearing across collections, or is this mostly the absence of a few…
- Collector Cars2026-10-15
2021 Ferrari F8 Spider sells for $510,000 on Bring a Trailer
A 4,900-mile 2021 Ferrari F8 Spider sold for $510,000 on Bring a Trailer on Oct. 14. Late-model supercar prices remain highly sensitive to spec and…
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The Ultimate Guide to Alternative InvestingWhat the wealthy quietly own: fourteen markets, one guide. It maps every market below: what it returns, what it costs, and who actually makes money in it.
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ICultural Assets
Objects whose value is scarcity plus attention: art, wine, cars, cards, luxury goods and watches, and NFTs.
IIHard Assets
Things with weight and acreage: precious metals, farmland and real estate.
The Index
As of 2026-10-17- 30D
- +12.79%
- 1Y
- +20.05%
Articles and guides
News
Azuki floor jumps 11.7% to $1,330, still down 12.3% in a week
Azuki's floor price rose to $1,330, up 11.7% on the day. It remains down 12.3% in a week and down 22.3% over the past month, suggesting the one-day move…
5 min read
News
Bring a Trailer median sold price falls 5.9% to $20,125
Bring a Trailer's median sold price slipped to $20,125, down 5.9% on the day and down 33% in a week, though still up 7.3% over the past month. Whether the…
5 min read
News
Masterworks offering count holds at four, down 56% in a week
Masterworks logged four offerings over the trailing 90 days, unchanged on the day but down 56% in a week and 56% over the past month. The slowdown may…
4 min read
Guide
Investing in Rare Coins
Grade sets the price, populations set the risk, and the auction round trip takes about 26%.
50 min read
Guide
Investing in Sneakers
Sneaker resale premiums collapsed after 2021; a few hundred colourways still clear retail, and almost nothing else does.
38 min read
Guide
Investing in Timberland
Timberland’s real returns have fallen in each of the last three decades while institutional money kept arriving.
47 min read
Guide
Investing in Water Rights
Water is priced, but almost never purchasable: the tradeable asset is the right to change its use.
56 min read
Guide
Investing in Whisky Casks
Casks are sold by unregulated brokers at prices no public market quotes; bottles have a real auction record.
47 min read
Platform reviews
All reviews →The platforms checked against their own terms: what they cost once every fee is counted, what they returned against what they claimed, and who should skip them. We take no referral fees.
IRA Custodians3 / 5
Alto IRA Review: Alternatives in a Retirement Account, Fees and Partner RiskA flat-fee self-directed IRA wired into a dozen alternative platforms, with a forced crypto liquidation on its record.
Real Estate3.5 / 5
Ark7 Review: $20 Rental Shares, PPEX Trading and a 4% YieldTwenty-dollar shares in named rental houses, a real ATS exit, and dividends running at 4.00% in August 2026.
Private Credit2.5 / 5
BCRED Review: 8.9% Yield, the June Gate and What Retail Investors Signed Up ForA $42.8B non-traded BDC yielding about 9% that rationed withdrawals at 5% in two consecutive quarters.
Real Estate3 / 5
BREIT Review: Fees, the 2022-24 Gate and Whether the Recovery Is RealBREIT charges 1.25% a year plus 12.5% of profit and prorated every exit for fifteen months.
Read the markets the wealthy quietly own
The daily letter covers all eleven markets above, with every figure sourced and dated. Free.