An original Apple-1 computer sells for $400k

Re:An original Apple-1 computer sells for $400k by jxf on Wednesday November 10, 2021 @08:09AM (#29174235)

In a number of high-value cases, no one spent any money at all, just transaction fees; they traded to themselves to give the appearance of a higher price.

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Re:An original Apple-1 computer sells for $400k by LadyCailin on Wednesday November 10, 2021 @08:54AM (#29174630)

Wait, are you talking about NFTs still or auction of physical goods?

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Re:An original Apple-1 computer sells for $400k by giarc on Wednesday November 10, 2021 @08:58AM (#29174667)

I assume your comment is tongue in cheek since this practice happens in both industries. Perhaps you can help me though, I've been trying to remember the term used for this for weeks. I seem to recall it being called something like "washing the pipe" or something like that....?

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Re:An original Apple-1 computer sells for $400k by mpmpmpmp on Wednesday November 10, 2021 @09:03AM (#29174700)

It’s typically referred to as a wash trade or a wash sale.

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Re:An original Apple-1 computer sells for $400k by vincentmarle on Wednesday November 10, 2021 @12:08PM (#29177142)

Probably referring to this: https://news.artnet.com/art-world/crypto-punk-500-million-sa...

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