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  #1  
Old 11-25-2016, 10:55 AM
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Default 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.
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  #2  
Old 11-25-2016, 11:36 AM
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I vote C, buy it and hoard them.
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  #3  
Old 11-25-2016, 11:41 AM
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D Fight the hypothetical.
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  #4  
Old 11-25-2016, 11:59 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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Old 11-25-2016, 12:21 PM
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Quote:
Originally Posted by ullmandds View Post
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?
pete... what the hell does the buyer's premium have to do with the general premise of the conundrum .... and if you're talking about a lemon named Bob, nothing.
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FRANK:BUR:KETT - ALMOST OLD ENOUGH TO BE ON A PREWAR CARD.

519/1000 Monster Number --- WHAT'S YOUR MONSTER NUMBER?

Over*667* successful B/S/T transactions completed in 2012-17.
Over 250 satisfied Board members served.
Thank you all.


Eschewing skulduggery, one skuldug at a time.

Only 37.10% crazy based on recent polling data, but still a weird dude.
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  #6  
Old 11-25-2016, 02:13 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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  #7  
Old 11-25-2016, 03:43 PM
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Hypothetically, I would do neither. The other day, while taking my cow to town to sell her, a nice guy, after trading me three magic beans for her, gave me a hot tip. I would take the $21K and buy 1000 Factory sealed '92 Donruss Sets. He told me that that's where all the smart money is going. (Keep it under your hat. Okay fellas?)

Last edited by Bocabirdman; 11-25-2016 at 03:44 PM.
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Old 11-25-2016, 04:25 PM
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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???
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  #9  
Old 11-25-2016, 04:32 PM
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Quote:
Originally Posted by D.P.Johnson View Post
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?
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Old 11-25-2016, 11:03 PM
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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.
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