Posted By:
Hal LewisAnd when people see something sell for $110,000...
it logically INCREASES the number of people who would be interested in paying so much for a piece of cardboard, even if just for an investment. People just feel more comfortable spending $110,000 on something when they are NOT the first to do so!
After all, if one person paid $110,000 in the first auction...
the whole World knows that there was someone else out there willing to bid $109,000 for it.