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Invest in an iPhone

Welcome to the latest issue of Trading Updates/Cultural Items – FREE Version.

Today we’re digging into a special piece of cultural history – First run original iPhone 2G sealed in its box.

It’s one of the five assets scheduled for live trading this week on Otis and will go live Wednesday at 10:30 EST.

What is the asset?

The OG iPhone originally dropped in late May 2021.

In summary, it’s an original first generation iPhone still sealed in its box. Based on quite a lot of Googling around and eBay stalking, these are pretty rare.

What is the current status of the asset?

The iPhone IPO’ed in May with a market cap of $13,100, and this was our recommendation at the time:We recommend this drop based on its asymmetric upside. Worst case scenario is it goes to zero, losing $13,100; best case is it’s worth $250k in a year or two.

It was trading with a market cap of $43,662 a couple of weeks ago when Otis halted trading to roll out real time trading.

Category Performance

Cultural items were up 46% in Q1 and down 14% in Q2.

Risk Profile

Insiders Only

Valuation and target share price

  • Target Share Price: $10 – $20

Valuation details:

Insiders Only

Asset Growth

This has more than 4x since the IPO.

Growth Outlook and Future Catalysts

Longterm, this is a good one, I think, but we’re starting with a very high base now.

Final Thoughts

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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.

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    Disclaimer: The authors of Alt Assets, Inc. are not finance or tax professionals. They are self-taught accredited investors, sharing information, research, and lessons learned. The published content is unique, based on certain assumptions and market conditions at the time of publishing and is intended to serve solely as research, not financial advice. Alts I LLC (the “Fund”) is an affiliate of Alt Assets, Inc. and the Fund has conducted a private placement offering under Rule 506(c) of Regulation D of the Securities Act of 1933, as amended. The Fund may invest in one, several or all of the alternative asset classes that Alt Assets, Inc. publishes content on its site. Any published articles on Alt Assets, Inc. that an alternative asset has a “buy”, “pass”, “overvalued” or “undervalued” designation does not factor into the asset classes that the Fund through its manager ultimately invests in, and thus, any of the Fund’s investments that have positive designations on the Alt Assets, Inc.’s site are purely coincidental as the Fund is actively managed and guided by its own investment parameters as summarized in the relevant private placement memorandum.