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#1
11-25-2016, 09:55 AM
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Collector's Conundrum
We all know value (price) is influenced by both condition and scarcity of an item.
With our experience with registries in the hobby, the value increases exponentially secondary to both these factors as well as the grade. Let's say that there is a hypothetical rare item A worth $20000 in today's market and only two of them are known to exist. Let's then say there is another very similar hypothetical item B worth $100000 in today's market and it is a true 1 of 1. Let's also say that you own one of the two existing copies of item A. Now an auction comes along and lo and behold the second item A has been consigned. The auction is almost over and a bid of $20000 has been made. The world has been searched for decades and it is very unlikely that any more As or Bs are out there. What do you do? A) Go to bed B) Place a bid of $21000 in the auction and raise it conservatively as needed until you have won the item. When you receive the item, you simply destroy it and consign your only existing item A in the next auction and wait for it to sell for around $100000. If, my friend, you did not go to bed and answered B, I would suggest that you have turned the Collector's Nightmare into the Collector's Dream. In other words, you will sleep better if you don't go to bed.   
__________________
FRANK:BUR:KETT - RAUCOUS SPORTS CARD FORUM MEMBER AND MONSTER NUMBER FATHER. GOOD FOR THE HOBBY AND THE FORUM WITH A VAULT IN AN UNDISCLOSED LOCATION FILLED WITH NON-FUNGIBLES 274/1000 Monster Number Nearly*1000* successful B/S/T transactions completed in 2012-24. Over 680 sales with satisfied Board members served. If you want fries with your order, just speak up. Thank you all. Now nearly PQ. 
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#3
11-25-2016, 10:41 AM
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D Fight the hypothetical.
__________________
My avatar is a sketch by my son who is an art school graduate. Some of his sketches and paintings are at https://www.jamesspaethartwork.com/ He is available to do custom drawings in graphite, charcoal and other media. He also sells some of his works as note cards/greeting cards on Etsy under JamesSpaethArt.
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#4
11-25-2016, 10:59 AM
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frank...you neglected to mention that the bid of 21000 is really a bid of @25K with the buyers premium(assuming this is in an auction house)...and what the hell does item b have to do with the price of lemons?
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#5
11-25-2016, 11:21 AM
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Quote:
__________________
FRANK:BUR:KETT - RAUCOUS SPORTS CARD FORUM MEMBER AND MONSTER NUMBER FATHER. GOOD FOR THE HOBBY AND THE FORUM WITH A VAULT IN AN UNDISCLOSED LOCATION FILLED WITH NON-FUNGIBLES 274/1000 Monster Number Nearly*1000* successful B/S/T transactions completed in 2012-24. Over 680 sales with satisfied Board members served. If you want fries with your order, just speak up. Thank you all. Now nearly PQ.
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#6
11-25-2016, 01:13 PM
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One of one or one of two is only valid until the next big find. Thats the fun and the agony of collecting!
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