Quote:
Originally Posted by 53toppscollector
30 years from now, the 9.5 Mantle might sell for $40M.
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It very well may. But in 2052, $40,000,000 won't be as impressive a sum as it is today, due to inflation.
I remember there was a special lottery in New York State in 1976. I don't know the details, but the grand prize was $1,000 a week for life. The person who won was 19 at the time and is presumably still alive today, still receiving weekly $1,000 payments. But if I've calculated correctly, that $1,000 in 2022 dollars is the equivalent of $192 in 1976 dollars... the point I'm trying to make is that $1,000 is not as impressive a sum today as it was 46 years ago.