Waste.

[Scocs]

And as someone already said, it's not like LeBron hasn't signed hundreds of thousands of items before. What is the difference between this "manufactured" card "product" and something signed by James during his rookie year?

I guess $300,000 is the answer.

That's just stupid -- and doesn't matter how much money you have....

[Mdmtx]

Originally Posted by Scocs

And as someone already said, it's not like LeBron hasn't signed hundreds of thousands of items before. What is the difference between this "manufactured" card "product" and something signed by James during his rookie year?

I guess $300,000 is the answer.

That's just stupid -- and doesn't matter how much money you have....

Because it is clearly sane to buy cards with minor deviations. Different factory number. Missing bits of ink. 'Cause those are old. This whole hobby makes a clear case for beauty being in the eye of the beholder.

[iwantitiwinit]

Originally Posted by Mdmtx

Because it is clearly sane to buy cards with minor deviations. Different factory number. Missing bits of ink. 'Cause those are old. This whole hobby makes a clear case for beauty being in the eye of the beholder.

There is one difference here LeBron could produce more of the same type of product if he chooses. This is beyond insane. Having stupid money is one thing but u tell me how much you'd have to have to spend 300k on this. 1 billion wouldn't be enough. This is nuts but that's just my opinion.

[Mdmtx]

Originally Posted by iwantitiwinit

There is one difference here LeBron could produce more of the same type of product if he chooses. This is beyond insane. Having stupid money is one thing but u tell me how much you'd have to have to spend 300k on this. 1 billion wouldn't be enough. This is nuts but that's just my opinion.

Just an FYI. If you placed 1 billion in the bank and could only get 4% compounded ANNUALLY you would earn $109,589.04 in interest daily. Let that sink in. Daily. Plus whatever the person did to create the billion to begin with. To assume a billionaire wouldn't/couldn't make this kind of purchase is short sighted. Looks to me like he/she could buy 2 a week and never touch their principal, including shipping.

[Scocs]

Originally Posted by Mdmtx

Just an FYI. If you placed 1 billion in the bank and could only get 4% compounded ANNUALLY you would earn $109,589.04 in interest daily. Let that sink in. Daily. Plus whatever the person did to create the billion to begin with. To assume a billionaire wouldn't/couldn't make this kind of purchase is short sighted. Looks to me like he/she could buy 2 a week and never touch their principal, including shipping.

You're missing the point. No one said the person couldn't buy it (or ten of them). It's that the person SHOULDN'T.

The billionaire could afford a gold toilet too -- that's just called hedonism and gaudy decadence...

[Mdmtx]

Originally Posted by Scocs

You're missing the point. No one said the person couldn't buy it (or ten of them). It's that the person SHOULDN'T.

The billionaire could afford a gold toilet too -- that's just called hedonism and gaudy decadence...

No. you are missing the point. You are making your conclusions from your base of knowledge. Put your self in a starving persons shoes. Offer them a psa 10 Mickey mantle or a coupon book for Golden Corral. Bet they choose the coupons. And in their opinion 5 dollars on a card is waste. It is all relative.

[Mdmtx]

Originally Posted by Scocs

You're missing the point. No one said the person couldn't buy it (or ten of them). It's that the person SHOULDN'T.

The billionaire could afford a gold toilet too -- that's just called hedonism and gaudy decadence...

We all need to check with Scott from now on to be sure our purchases are within his realm of norm. What a narcissistic opinion you have. Wow.

Mark Medlin

[Scocs]

Sorry, Mark, but your analogy doesn't apply here because this is a baseball card forum. We are all buyers and sellers of baseball cards. I would not try to justify anything hobby-related to the layman.

However, I didn't call the buyer of the card stupid -- I called the decision stupid.

I have a bat signed by HOFer Frank Thomas during his rookie season. I will gladly accept $300,000 from you. I take PayPal.

[iwantitiwinit]

Originally Posted by Mdmtx

Just an FYI. If you placed 1 billion in the bank and could only get 4% compounded ANNUALLY you would earn $109,589.04 in interest daily. Let that sink in. Daily. Plus whatever the person did to create the billion to begin with. To assume a billionaire wouldn't/couldn't make this kind of purchase is short sighted. Looks to me like he/she could buy 2 a week and never touch their principal, including shipping.

Didn't say he wouldn't or couldn't. I said in my opinion it was insane. I am also aware of how compounding works and the amount that would be generated daily from a 1 billion dollar corpus at prevailing rates/yields.

[GregC]

I hear Lebron bought the card personally because he wanted to start a PC of his best cards. Maybe he is manipulating his card values to be more than MJ's?

[mark evans]

A thought-provoking thread...good reading.

I continue to believe that folks should not be criticized for how they spend their money and that the buyer of the James card has assumed a significant downside risk. It may well be that cards of manufactured scarcity from the 1930s also pose a downside risk but it seems to me to be a lesser risk and for a different reason -- aging (and so on) of we baby-boomers.

[PolarBear]

Originally Posted by scocs

that's just stupid -- and doesn't matter how much money you have....

qft

[Paul S]

Originally Posted by Scocs

And as someone already said, it's not like LeBron hasn't signed hundreds of thousands of items before. What is the difference between this "manufactured" card "product" and something signed by James during his rookie year?
I guess $300,000 is the answer.

That's just stupid -- and doesn't matter how much money you have....

It has the miniscule game-worn NBA patch (Hi Jerry West!)