Will The Bellingham Herald's US Presidential Election 2008 Wrap-Up Edition Be A Collector's Item? | Ramblings of an e-trader

Saturday, 8 November 2008

Will The Bellingham Herald's US Presidential Election 2008 Wrap-Up Edition Be A Collector's Item?

67-year-old retiree, Thomas Baldwin, is betting that it will. He just spent US$1700 buying ten thousand copies of it at a bulk rate of US$0.17 per copy, hoping that his "investment" will turn a handsome profit when this copy becomes a collector's item.

On the day that Barack Obama was declared as President-elect of the United States, I wrote that there were people crazy enough to purchase that day's New York Times at US$249.99 and US$400 on eBay.

But I think that with more than a few hundred thousand copies flooding the market, the profit, if any, will not be much per copy. And if you are a newspaper collector, you will know that newspapers are not easy to keep in pristine condition.

I think that Thomas Baldwin would have made a better investment if he had recorded Barack Obama’s winning speech on TV or something. The whole nation may have watched but I don’t think too many people who bother recording it, unless they are TV stations or family and friends of Barack Obama.

At US$0.17 per copy, it would be easy to turn a profit but I am not sure about selling all 10,000 copies. What about the holding cost, though?

1 comments:

SlumbeRaja said...

that's crazy US$400 for newspaper. give me that money.

wanna exchange link? just lemme know k

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