Beanie Babies and Rolex

biglove

Zach Goes to the Movies: Beanie Baby Mania, and a Warning to Watch Collectors - Worn & Wound

Whenever I hear someone talk about watches as an investment, I think of plush stuffed animals. Is that weird? Not if you came of age in the 90s, and can remember a time when otherwise rational adults thought that sinking untold sums of money into Beanie Babies was their ticket to a mansion on the […]

wornandwound.com

Will be interesting to see how the current ridiculous aftermarket prices on Rolex, primarily, play out. 

#rolex #investment #news #documentary #collecting
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Mr.Dee.Bater
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I collected comic books in the 80s as a kid.  Talk about crazy prices!  A new issue of the Uncanny X-Men would come out on a Monday, and on Tuesday the price would double or treble.  

I know this isn't an economics forum, but everyone talks about "bubbles."  Somehow, the idea sounds intuitive, and we all talk about "bubble this and bubble that."  There's a much more compelling and intelligent explanation for what's going on:

https://johnhcochrane.blogspot.com/2020/02/tesla-bubble.html

https://johnhcochrane.blogspot.com/2017/11/bitcoin-and-bubbles.html

Tesla, Bitcoin, 80s comic books, beanie babies, tulip bulbs...  and now Rolexes.  All have fundamental asset value (in pure finance terminology) of $0, but the prices skyrocket, because we as human beings love to gamble!!!

But, then again, I ain't one to talk.  I got a bunch of Bitcoin, knowing the fundamental value of Bitcoin is $0, just because I love gambling!!!

tempus
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Great article - thanks for posting.