** I agree that S&D for non-essentials can be highly subjective, however i am trying to look at this particular comic in 2 ways, and get the ThUG reaction to these, who feels it fits more in definition 1 or definition 2 below...
1st: This is an objet d'art. The Holy Grail for some (read Michael Baley here), and therefore they will pay not only what they deem it is actually worth, but they will pay an additional premium for that item. This premium flies completely in the face of logic as this is not just an investment, this is a "Capstone". That is where the subjectivity comes in and i agree. 2nd: This is an Investment. It is for all intents and purposes a different kind of stock certificate, or more precisely a non-coupon bond. Therefore, for a "true investor" who is looking for a place to park a sizable stack of cash, they look for the best return with the lowest risk. This would qualify based on past performance (13.5% return annually for 15 years). However, past performance is no guarantee for future performance. Will this continue to increase in value? Strict Supply and Demand laws at work here. Again, just an interesting thought. My comic collection...If sold in whole, i suspect would yield maybe a couple thousand dollars TOPS. ** On Tue, Feb 23, 2010 at 12:09 PM, Jennifer M. Smith < [email protected]> wrote: > I think that the law of supply and demand is more consistent for needs > (e.g. water, food, shelter, etc.); however, when it comes to wants (e.g. > comic books), demand is highly subjective to the individual. > > > > What do you think the rate of return is on your comic collection? > > Dr. Jen > > > On Tue, Feb 23, 2010 at 11:14 AM, Serv <[email protected]> wrote: > >> http://money.cnn.com/2010/02/22/news/companies/superman_comic/index.htm >> >> As an person always fascinated by economics in general and profit >> making specifically, i find this kind of interesting. The article says >> that in 1995 THIS particular issue of Action Comics, (which the CGC >> Universal Grade lists as an 8.0) sold for $150,000.00, so in 15 years >> is sold for $1 million, that is an annual rate of return of 13.5%. A >> VERY impressive return for the initial buyer (Investor). So on the one >> hand i ask, is this object worth $1 Million? I can make an argument on >> both sides. Yes it is worth it because this is a VERY limited quantity >> (economics 101, supply and demand) and they are not making any more >> Action Comics #1 1st runs. On the other side, this is a comic book, >> albeit featuring the first appearance of the most widely known super >> hero ever, but still a comic. Additionally, just like any investment, >> i am not so sure that a 13.5% rate of return can be counted on to >> continue...Objects like this have high value, but it can be argued >> that they have a 'Ceiling' value that no one will pay above. >> >> Just found this interesting. >> >> -- >> You received this message because you are subscribed to the Google Groups >> "The Unique Geek" group. >> To post to this group, send email to [email protected]. >> To unsubscribe from this group, send email to >> [email protected]<theuniquegeek%[email protected]> >> . >> For more options, visit this group at >> http://groups.google.com/group/theuniquegeek?hl=en. >> >> > > > -- > Jennifer M. Smith, Ph.D. > Claro Scientific, LLC. > 10100 Dr. Martin Luther King Jr. St. N. > St. Petersburg, Florida 33716 > http://www.clarosci.com > ------------------------------------------------------- > NOTICES: No employee or agent is authorized to conclude any binding > agreement on behalf of Claro Scientific, LLC with another party by email. > E-mail transmission cannot be guaranteed to be secure or error-free. The > sender does not accept liability for any errors or omissions in the contents > of this message which arise as a result of e-mail transmission. This > message and its attachments are intended only for the use of their addressee > and may contain confidential information belonging to Claro Scientific, LLC. > If you are not the intended recipient, you are hereby notified that any > reading, dissemination, distribution, or copying of this message, or any > attachment, is strictly prohibited. If you have received this message in > error, please notify the original sender immediately and delete this message > and any attachments from your system. > > -- > You received this message because you are subscribed to the Google Groups > "The Unique Geek" group. > To post to this group, send email to [email protected]. > To unsubscribe from this group, send email to > [email protected]<theuniquegeek%[email protected]> > . > For more options, visit this group at > http://groups.google.com/group/theuniquegeek?hl=en. > -- You received this message because you are subscribed to the Google Groups "The Unique Geek" group. To post to this group, send email to [email protected]. To unsubscribe from this group, send email to [email protected]. For more options, visit this group at http://groups.google.com/group/theuniquegeek?hl=en.
