Collector's Conundrum

Bocabirdman · #1 11-25-2016, 04:32 PM

Quote:

Originally Posted by D.P.Johnson

If I choose A) Go to bed, would I being going to bed alone, or would Jennifer Aniston be there to take care of my conundrum???

That depends ...Is your Conundrum wrapped in an Enigma?

ValKehl · #2 11-25-2016, 11:03 PM

Frank, yes, "we all know value (price) is influenced by both condition and scarcity of an item." However, you failed to mention that value (price) is also greatly influenced by the DEMAND for an item. If Item A were in a set that has next to no collector demand, I'd go to bed (with or without J.A.) - I have a few such cards, and they aren't worth anything remotely close to $20K. But, if Item A were in a popular set, I'm a +1 to what Leon said.

frankbmd · #3 11-26-2016, 10:25 AM

Quote:

Originally Posted by ValKehl

Frank, yes, "we all know value (price) is influenced by both condition and scarcity of an item." However, you failed to mention that value (price) is also greatly influenced by the DEMAND for an item. If Item A were in a set that has next to no collector demand, I'd go to bed (with or without J.A.) - I have a few such cards, and they aren't worth anything remotely close to $20K. But, if Item A were in a popular set, I'm a +1 to what Leon said.

Demand for A and B at the prices stated is a constant in the Conundrum.

Demand for J. A. is a variable, Val, with no guarantee that either you or she can deliver.

iwantitiwinit · #4 11-26-2016, 11:08 AM

Where's the conundrum the answer is clearly B.

bgar3 · #5 11-26-2016, 11:27 AM

This is essentially the plot dilemma in Flaubert's Bibliomania short story.

Prof_Plum · #6 11-26-2016, 12:00 PM

Whatever became of the blue Old Mill ....

Peter_Spaeth · #7 11-26-2016, 09:20 PM

Quote:

Originally Posted by bgar3

This is essentially the plot dilemma in Flaubert's Bibliomania short story.

Indeed Frank had a very sentimental education.

bigfanNY · #8 11-26-2016, 09:53 PM

I do not think B is a viable answer to the conundrum. If the market has valued card A with two known copies at $20,000 and an Auction that is live at the moment is verifying the market value then I do not believe that reducing the population by one you would dramatically increase the price. Just like finding 2 more of card A almost certainly not dramatically reduce the current market price.
Demand for the card would remain constant and supply reduced by 50% with constant demand might cause the card to shift slightly higher just as an increase of supply would cause a small downshift in price. So destroying the second known copy would almost certainly result in economic loss. Over Time that might not be true but the immediate impact would be negative.
And no real collector of Baseball cards would rather have one card when he could have two..
JMHO
Jonathan

frankbmd · #9 11-26-2016, 10:47 PM

Quote:

Originally Posted by bigfanNY

I do not think B is a viable answer to the conundrum. If the market has valued card A with two known copies at $20,000 and an Auction that is live at the moment is verifying the market value then I do not believe that reducing the population by one you would dramatically increase the price. Just like finding 2 more of card A almost certainly not dramatically reduce the current market price.
Demand for the card would remain constant and supply reduced by 50% with constant demand might cause the card to shift slightly higher just as an increase of supply would cause a small downshift in price. So destroying the second known copy would almost certainly result in economic loss. Over Time that might not be true but the immediate impact would be negative.
And no real collector of Baseball cards would rather have one card when he could have two..
JMHO
Jonathan

If anyone is contemplating destroying a 21,000 dollar card as a result of this thread, I can refer you to get the therapy you need. That's a better deal than Flaubert offered.

T206Collector · #10 11-26-2016, 10:55 PM

When you bid on the second copy of your card you are also simultaneously setting the value of the first copy -- both of them really. So every dollar you bid is another dollar in your pocket. It's free money. You're literally playing with the house money. No need to destroy the second copy -- you've got two worth half!

Or something like that...

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