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#30
07-16-2011, 09:37 PM
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You're absolutely wrong. Your model makes no sense. As long as Koufax is signing for free, there's no market for his sold signature. Sure, a few will sell, but the market is small. Only when demand--you remember demand; you must, since you're constantly lecturing about it--for $50 signatures rises, will people pay. And that demand rises only when the supply of free signatures dries up. The logical next step, of course, is to realize that if they'll pay $50, they'll pay $60. And if supply is held down--no leakage--they might even pay $600.
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