The daily letter on alternative markets
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Top news
Updated 2026-09-29The latest stories from across the alternative investing world, updated every morning.
- Collector Cars2026-09-29
2005 Lamborghini Murcielago Roadster brings $650,000 on BaT
A 7k-mile 2005 Lamborghini Murcielago Roadster with a 6-speed conversion sold for $650,000 on Bring a Trailer. The print lands just below recent…
- Private Credit2026-09-29
ETF launch filings hit 65, up 47.73% in a week
ETF launch filings rose to 65, up 47.73% in a week, despite a 12.16% dip on the day. Panel read: end-of-quarter queueing and a friendlier issuance window.…
- Sports Cards & Trading Cards2026-09-29
Pokémon median ask falls to $55.50, off 26.97% on the day
Collector-crypt’s Pokémon / TCG median ask fell to $55.50, down 26.97% on the day and 40.16% in a week. Panel points to broad repricing amid weaker demand…
- Collector Cars2026-09-28
2023 Porsche 911 Sport Classic sells for $700,000 on BaT
An 842-mile 2023 Porsche 911 Sport Classic brought $700,000 on Bring a Trailer. The result sits near recent top-of-market closes for modern specialty…
- Fine Wine2026-09-28
Whisky cask median slips to £2.84 per LPA, down 6.27% in a week
WID's whisky cask median mid price fell 5.33% on the day to £2.84 per LPA and is down 6.27% in a week. The move extends a soft patch; the key question is…
- Collector Cars2026-09-27
37-mile 2019 Ford GT '68 Heritage Edition sells for $1,566,000
A 37-mile 2019 Ford GT '68 Heritage Edition sold for $1,566,000 on Bring a Trailer. Ultra-low mileage continued to command a premium in late-September…
- NFTs2026-09-27
NFT blue-chip volume drops to $450,516, off 60.52% on the day
Blue-chip NFT 24-hour volume fell to $450,516, down 60.52% on the day and 26.26% in a week. Liquidity may be rotating out following an event-driven spike,…
- Collector Cars2026-09-26
2022 McLaren 765LT Spider sells for $700,999 on BaT
A 2022 McLaren 765LT Spider sold for $700,999 on Bring a Trailer on 23 September. The result may serve as a reference point for late-model, track-focused…
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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 2026-09-30- 30D
- -1.13%
- 1Y
- -2.04%
Articles and guides
News
2005 Lamborghini Murcielago Roadster brings $650,000 on BaT
A 7k-mile 2005 Lamborghini Murcielago Roadster with a 6-speed conversion sold for $650,000 on Bring a Trailer. The print lands just below recent…
5 min read
News
ETF launch filings hit 65, up 47.73% in a week
ETF launch filings rose to 65, up 47.73% in a week, despite a 12.16% dip on the day. Panel read: end-of-quarter queueing and a friendlier issuance window.…
4 min read
News
Pokémon median ask falls to $55.50, off 26.97% on the day
Collector-crypt’s Pokémon / TCG median ask fell to $55.50, down 26.97% on the day and 40.16% in a week. Panel points to broad repricing amid weaker demand…
4 min read
Guide
Investing in Interval Funds and Non-Traded BDCs
A fund promising quarterly liquidity on loans that have none pays for the promise with a 5% door.
43 min read
Guide
Investing in Bitcoin Ordinals
Ordinals put NFTs on Bitcoin without changing Bitcoin; the market that followed shrank to a handful of collections.
39 min read
Guide
Investing in Bordeaux
The world’s most liquid wine, whose futures system has lost buyers money on most vintages since 2016.
37 min read
Guide
Investing in Burgundy and Champagne
Burgundy and Champagne are allocation markets where access, not analysis, sets the return.
40 min read
Guide
Investing in CryptoPunks
Ten thousand tokens, nine Aliens, a 2017 contract that charges no fee: what a Punk costs to own.
40 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.