10-23-2010, 06:42 PM
The axiom of investing applies: you don't take a loss until you sell. IF (a big "if" in itself), most authentic sales are other collectors simply recycling their stuff into the market to other collectors, then sales will slow until they are forced to sell by circumstance. Till then they have their collections and have taken no loss.
Even dealers can fall into this category if they sell other things, it's not their only income, etc. Why take a loss when you don't have to? Just wait.
That said, IMHO, they're waiting for a train that will not be coming. But hey, if the banks can carry a house worth $100k as an asset worth $200k, why not collectors?
Even dealers can fall into this category if they sell other things, it's not their only income, etc. Why take a loss when you don't have to? Just wait.
That said, IMHO, they're waiting for a train that will not be coming. But hey, if the banks can carry a house worth $100k as an asset worth $200k, why not collectors?
Steiner: "Why do you want it so badly? It's just a worthless piece of metal. Look."
