Quote:
Originally Posted by EddieP
Memoribilia have no intrinsic value — and so unlike stocks, bonds and real estate— do not generate cash. Their value is extrinsic, i.e. based on appearance and/or what it could be sold for, which may not be its intrinsic value.
In the case of vintage cards you have pictures printed on cardboard. The intrinsic value of cardboard is $0. A T206 Honus Wagner sold for $7+ million. It’s extrinsic value is $7,000,000.
In options the greater the extrinsic value the greater the risk.
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I used to own that Wagner, do you not think the person that sold it for 7+ bought is an "investment" or to keep in his collection long term??? I can assure it generated them a very large return.