Heritage Results

[JeremyW]

Originally Posted by oldjudge

LOL, for $700k I bet Pete would move in with you.

Nailed it.

[Peter_Spaeth]

PSA has graded 28 mint Rose rookies. One (for now) carries an arbitrary "10" designation. I would not like my odds of being able to pick that 10 out of the group if I could not see the flips. When the value of something derives solely from the flip a TPG puts on it, and not from its intrinsic qualities, I would not feel confident in its investment potential.

And I am not impressed with the argument about people being so rich what's a million for a Rose rookie. The hobby has always had its share of wealthy collectors, but historically prices have never been anywhere close to some of these levels.

[irv]

Originally Posted by SAllen2556

You're really comparing a piece of cardboard graded by a (censored) to a Ferrari?
It's a crazy world we live in. I would love to meet one of these people and try to understand the thought process of 700k for a cheap piece of cardboard with a crappy photo on it.

At the peak of tulip mania, in March 1637, some single tulip bulbs sold for more than 10 times the annual income of a skilled craftsman. Now it's Rose mania.

Like the Ferrari, the card is also viewed the same, it is just an object/investment vehicle.

I am sure there are "True" collectors of both high end auto's and cards but I also believe there are those that only view these things as items and investment vehicles, nothing more.

An investment vehicle is a product used by investors with the intention of gaining positive returns. Investment vehicles can be low risk, such as certificates of deposit (CDs) or bonds, or carry a greater degree of risk such as with stocks, options and futures.

[Topnotchsy]

On the other end of the spectrum (maybe of less interest to people in this thread) but the items related to the world Tours (1922, 1924, 1931) largely sold for far less than estimated prices. Seems like other than the '34 Tour and some items from the '31 Tour, interest is not particularly high.

[Exhibitman]

what I find interesting is that the "rich people don't care" argument is never advanced by the rich. I have a feeling that guys with millions to spend didn't get there by being spendthrifts.

[4815162342]

Originally Posted by Exhibitman

what I find interesting is that the "rich people don't care" argument is never advanced by the rich. I have a feeling that guys with millions to spend didn't get there by being spendthrifts.

+1

[Snapolit1]

Originally Posted by Exhibitman

what I find interesting is that the "rich people don't care" argument is never advanced by the rich. I have a feeling that guys with millions to spend didn't get there by being spendthrifts.

Yep, so true. My son goes to a private school that just started some new third party service to pay tuition. (A not cheap tuition.) This new company allows you to pay by mail but you can pay immediately online via credit card for a mere $42.00 "convenience fee". What a joke. Some convenience. When I raised this with the registrar she said "yeah. . . . nobody is using that on line option." Yep, a lot of rich people who didn't get rich pissing away $40 for no good reason.

[ullmandds]

Originally Posted by Snapolit1

Yep, so true. My son goes to a private school that just started some new third party service to pay tuition. (A not cheap tuition.) This new company allows you to pay by mail but you can pay immediately online via credit card for a mere $42.00 "convenience fee". What a joke. Some convenience. When I raised this with the registrar she said "yeah. . . . nobody is using that on line option." Yep, a lot of rich people who didn't get rich pissing away $40 for no good reason.

This "convenience" fee has become de rigeur...esp when paying the city/state. You now have to pay extra to pay online/phone.

[ValKehl]

Originally Posted by ullmandds

This "convenience" fee has become de rigeur...esp when paying the city/state. You now have to pay extra to pay online/phone.

Not so everywhere yet. I just received my VA driver's license renewal form - the license renewal fee is:
- $35 if done in person at the local DMV office.
- $32 if done via mail.
- $31 if done online.