Bidding currently at $30K on a fractional share of a video clip at Heritage Auctions

[swarmee]

The reason it's working so far is they seem to be artificially restricting pack sales, coupled with a huge social media blitz, and the inability for the majority of user accounts to withdraw any money from the site. So there is a HUGE race to snap up every single animated gif. Ones I sold for $2-3 each less than a week ago are now selling for $10-20 each because the only thing to do on the site currently is to constantly repurchase the same items over and over again.

If they now have 100,000 members and only release 5,000 in the next pack release, 19/20 of members are going to be disappointed with losing the lottery. Of course, the 5K who get a pack will be able to sell their $9 investment for $100-500 depending on the gifs they get. It's a completely explosive dynamic.