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?
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:
that's crazy US$400 for newspaper. give me that money.
wanna exchange link? just lemme know k
Post a Comment