Categories: Humor and sarcasm; Experiences and daily life; Human nature; Commerce and business
Word count/read time: 534 words; 2-1/2 minutes
It can be difficult to comprehend the allure and perceived value of some collectibles.
At my first in-person auction a set of Brady Bunch cards sold for around $10k.
And a stuffed doll - granted, many centuries old - for $22k. There wasn't a
$3.25M comic book
but all over the world similar items command serious coin.
Some of the recent sport cards' prices are mind-boggling. If they were old, that'd be expected and understandable,
but these are freshly minted!
Let me focus on the LeBron James' triple logoman card. It has the NBA (fabric) logo from each of his three
championship teams from the supposed jerseys worn during the games.
Everyone knew it was going to be a whopper of a card, worth at least a million, so the
fervor was insane.
There were only so many boxes that could have had the card. Many people
would live-stream the opening of their box, fingers crossed. At roughly $15k per box, it wasn't like your
average kid would traipse to the corner store and buy one with pocket change.
As each of the special boxes was opened and the Holy Grail wasn't found,
the remaining boxes would increase in value. Websites tracked these stats
so everyone knew how many were left and whatnot. It was certain that whoever found "the" card would
immediately announce it to the world, for that fame, for the payoff.
It's not a lottery ticket though it could act as one. A lottery ticket has one value
if it wins and that's the end of it. Tomorrow it would be worth the same no matter how many
additional tickets were sold. Not so with a card like the logoman
and the situation surrounding its existence.
WAIT! This is about greed, the payday, as it was highly unlikely
the finder would keep it. A group of investors came forward and
immediately told the world about their luck. Their actions were sacrilegious to greed.
They let their immediate greed squander the opportunity for an additional hefty payday
because they didn't think ahead. More riches than selling the card for sure!
Why not harness greed, right?
I don't understand people who can't fully embody their ideas especially when it comes to vices.
Greed: It's about money and
opportunity. If I found this card there would be absolute radio silence. I would buy every
remaining box at whatever price. And waited while everyone opened theirs. Naturally, they would
think they had an increasing chance of finding it but that would be my dirty secret.
How much money could be made sitting on those boxes? As
the virgin quantity dwindled, their value would climb exorbitantly.
When there were only a few left I'd sell my stash, then make another
$2.4M.
It would almost demand a box opening online to appease everyone.
Give 'em a show and make it Oscar-worthy!
Greed foresakes patience but it would have paid handsomely in this case.
Greed battling greed, what irony and stupidity!
At least it didn't result in people being tortured, dying, or other malicious acts
as history has shown is almost a certainty.
If the worst outcome siphoned money from gamblers and speculators...well,
there would be crocodile tears aplenty.
Posted by M: March 30, 2023
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