Quote:
Originally Posted by Leon
Not even close, but good try!
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OK. Let's try again.
Obviously, the real moral of the story is that sometimes there are outliers, particularly when we're talking about a single data point.
While crazy stuff has happened over the last 24 months in our world, with prices always seeming to go up up up, doubling and tripling in the course of a few weeks or months, it's theoretically possible that you could overpay to buy a piece, and then when you turn around to offload it, you might struggle to get back what you paid. Not every T206 Wagner will double in 2 months between when you buy it for $2M and then turn around and sell it for $4M.
An equal part of the story is that when you send stuff to auction, you never know what might happen. It might go nuts and through the roof. Or it might languish. As Howard enjoys reminding us, auctions are not always the best way to go.