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#11
05-01-2005, 03:00 PM
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How much money is out there?
Posted By: Scott Forrest
Some collectors with loads of discretionary income spend "whatever" it takes to get an item they want, then call it an "investment", when really they simply wanted the item and had the firepower to blow away the competition. It's possible the item will be re-sellable later at a higher value, but the thought process that went into the bidding probably wasn't as thorough as what David would go through. I know this to be true because I've spoken with such bidders and what it came down to was "I really needed it" or "I had to win SOMETHING" or "I fought it out with the other bidder and WON". Doesn't sound like strategic investment decisions. 
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