4 ms·
Once some category of goods whose value depends solely on rarity are widely perceived as collectibles, people rush out to buy them, and prices initially increas
by notdrunkatall 13y ago
Once some category of goods whose value depends solely on rarity are widely perceived as collectibles, people rush out to buy them, and prices initially increase. After a while, demand drops to near zero, supply is huge, and their value goes in the toilet.
Once people think something is a collectible, it's no longer wise to collect it.
- wmf 13y agoThat's a corollary of the Trough of No Value theory: http://theonlinephotographer.typepad.com/the_online_photographer/2009/02/the-trough-of-no-value.html http://theonlinephotographer.typepad.com/the_online_photogra...
- jl6 13y agoAmen. The whole concept of collectibility is highly dubious, and most "collectibles" are declared such by marketing departments trying to push completionists' buttons. But the collection will never be complete while there is still a supplier making money from every sale! This happened in the UK to stamp collectors who took pride in owning every first day cover. Royal Mail realised they could increase revenue by massively increasing the number of new stamp designs issued, and collectors railed against the escalating cost of keeping their collections complete. See also Warhammer, Disney Inifinity, and a bunch of other pay-to-play endeavours. Unwise indeed.