Quote from: Barikui1 on May 09, 2024, 05:28:03 PM

Quote from: JiiBs on May 09, 2024, 06:49:53 AM

Quote from: fillippone on May 08, 2024, 09:23:58 PM

Quote from: El duderino_ on May 08, 2024, 11:26:41 AM

The main problem in early stages will be

A lot of people knowing each other driving the price of a few specific items and creating higher prices for them… then a unknowing person buying at a to high price for a worthless piece being stuck to it… but yeah DYOR and buy what you deem worthy I guess

Actually, this is the only scheme, and not only a lot of people knowing each other, but often just only one person, acting with different wallets.
Market rigging at its bests, like good old times in traditional markets.

This does works and the target can be completely clueless on what’s been done. That’s why auctions could be a madman’s den at times. Insane prices could go for just any piece from a famous dead guy who wasn’t very good in art or have an item featured in a famous battle or been to certain places.

Quote from: El duderino_ on May 08, 2024, 09:39:30 AM

Then the collectioneur at heart... just collecting things they really appreciate and by buying giving things a value... Could be discussed, but by bidding and buying they set a standard for certain objects ... This also makes other pieces more valuable. Some people collecting stuff really appreciate it and they are happy with owning it and owning piece of that history. It's charming some people just are so interested that they wanna hold such specific things...

More and more searches are lunched to getting these antiques, get it dated and there it goes with the price for collectors to pick it up. You wonder why they don’t keep ot for themselves or have it as a national treasure, which goes for some antiques and the nation of origin.

Well, am not a collector so I wouldn’t know, don’t see how am supposed to be amused with having this 16BTC in an item hanging somewhere if I don’t get to make money off it although, some of these could serve a means to preserve wealth and that’s only if you can be able to resale if need arises.

That's just the point bro, if it's that's treasurable why didn't they kept it for themselves? These people knows how most of the rich thinks, and especially when the goods in question is being auctioned, they knows that their are crazy fellow out their that would just want to outbid everyone, just to prove his or her financial superiority among his or her pairs, and most times it's something that would not be useful or productive too them.

That's why I really do believe that this particular purchase is all about ego, the person that bought it just want to be among that very few people in the world who has the capacity to pull such a move, because I don't think he is going to make any tangible money out of it.

I disagree with you that is about ego, you don't cherry pick what you think is worth something to yourself and to somebody else. What you feel has value might not be seen as value to somebody else, let me even ask you, if those things you think have value where not having monetary attachment to them, whether the amount is big or small, do you think you will see those things as something of value, take for instance a diamond, which we all refer to as the precious stone, what if there is no monetary attachment to a diamond, would you still see it as something worthy of value?.
However My point is, people give monetary value to what they feel their attached to irrespective of what the world will think.