Tracking Your NFT Portfolio
How to stay on top of your NFT art collection
One of the key issues with buying NFT art is that once you start, you want to collect them all. With a constantly growing portfolio, it can get hard to track the price you bought at, sell price, market price, etc.
This is the spreadsheet I started with which eventually grew into a nightmare, especially as a lot of the data was put in manually — meaning anytime market price changed, this sheet became outdated.
I eventually stopped using the sheet once I came across a bunch of tools for finding and evaluating NFTs, I could simple input the OBJKT id, or my own wallet id, and would instantly see current prices, last sales, prices I bought at, and so much more data.
Recently, Artcentral.io launched a portfolio tracker that syncs with your wallet to show you your portfolio value over time! I liked having a central place where I could access my NFTs and watch their value.
Artcentral.io Portfolio Tracker
A couple important things that this tracker shows you are:
Net Value: How much your portfolio is worth if you sell it all today, minus the royalties and commissions of each piece, based on Value by Fair Price.
This is important as the royalties vary NFT by NFT, platform by platform, so instead of finding out what each artist has set as their royalty %, the tracker automatically adds it into their calculation.
They also have a Value by Fair Price, a formula that Artcentral.io currently uses to value the NFT based off recent sales. It looks at the last 5 sales giving higher importance to most recent sale. If the piece has only been sold in the primary market, the Fair Price is it’s sell price. If the piece has been sold in both primary and secondary, it will tie in just the secondary values.
“Fair price” is based on a weighted average that gives higher importance to recent sales (similar to EMA). Artcentral.io’s Fair Price looks at the last 5 sales giving higher importance to most recent sale. More info on EMA.
On the portfolio page you can also look at your portfolio through inventory and market filters.
From these filters you can easily see buy and last sell price of your NFTs.
And see sale price over time. This is super helpful to get more accurate insight on when the NFT last sold, and at what price.
Something I look at before I buy a piece is whether the NFT is priced at the same value to last sale price of their other NFTs. This helps me gauge an expected sell price based on their other work. One thing to keep a note of is edition number too. The higher the edition number the lower the price (in most cases.)
If you use tools or have built your own analyses for NFTs I’d love to see them! Leave them in the comments or reach out at AverageContract
