Post
Topic
Board Speculation
Re: Buy BTC sold for 16 BTC-1 mil USD
by
Dump3er
on 13/05/2024, 07:26:38 UTC
You don’t need to on this one.
I just jumped on eBay to see if I could find the item, first generation iPhones and it was right there, offered for sales by some vendors. Some still comes with a price ranged $80-400 but others was in the range of $1.5k and below. I guess these are the once that have heard the news on what it’s going for in auctions and decided to up the price while, the once with lower prices either haven’t heard the news or are replicas.

I’ve got reasons to think that the one that sold for an insane price as stated in the auction could be the prototype but, shouldn’t that be an Apple’s priceless item, well that’s the point, owning the supposedly priceless item but, it doesn’t mean much either. I would still be seeing just how much I spent to get that thing should it not be giving me some return on investment.



No, the point was that it was still in its original packaging. But you can see that it is hard to understand how the original packaging makes a difference given the fact that these items circulate in the millions around the world. But why did somebody now come up with with the idea to pay $190,373 for that iPhone at a public auction? I question the intent people have to pay seemingly unjustified prices for some items. As I said, maybe the buyer has some more of those items himself and is trying to establish a certain value perception to then profit from that later down the road? Could be the same with other things like discussed here in the thread, could be many reasons.

Quote
By some means, it’s a matter of getting these things to the auction house, have a baked story for it and yeah, it’s got to be original, then your sure some dude with just enough dollar to not have needs for it would pick it up as his or her collection.

That's the point. Once you got it to the auction house, the item gets the visibility needed to draw attention from some guy who has been looking for whatever reason for this particular item. In a best case scenario there are two guys, but the thing is that auctions enfold this dynamic among people who have initially not even been interested in that item. But once someone says price A, someone else rich enough might feel tempted to give it a shot, too.