Quote:
Originally Posted by Bliggity
$167,300.
30% over last sale in 2013. Not a bad ROI.
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Nope. Wrong, wrong, wrong. That's how people get suckered into thinking cards are always a good investment.
Sale on 8-11-13 was for $125,332. Sale on 2-20-16 was $167,300, but it was $140,000 before buyer's premium. The $140,000 is what the seller received.
$140,000 - $125,332 = $14,668. ROI of 11.7%
For comparison, NASDAQ on 8-11-13 was 3,660. On 2-20-16 was 4,504. ROI there during same period was 23.1%.