Not a loss til you sell??
Re:The unusual economics of the Birkin handbag
by meowster on Monday June 24, 2024 @12:57PM
(#40778367)
Yep! I know a ton of people who never lost money on Beanie Babies because they haven't sold yet and are waiting for the market to rebound! /s
Re:The unusual economics of the Birkin handbag
by BeFlatXIII on Monday June 24, 2024 @04:59PM
(#40780700)
What's the conversion rate from Beanie Babies to $GME?
At some point you have to think you'd be better off selling at a loss and reallocating the funds, especially if there are tax implications of being able to show a loss in business inventory (which you may not be able to if it's just some guy buying a box of watches and not an actual business venture).
Re:The unusual economics of the Birkin handbag
by fbdab103 on Monday June 24, 2024 @08:17PM
(#40782745)
If you hold the inventory, there is still hope of a rebound. Eating the loss and taking a bath has got to be painful.
Given how unpredictable the collector's market is, investing for short-term swing collecting seems a high variance strategy. Only winning move would be to pick up the goods, stack them in the attic for 20 years, and see what got lucky. Anything else would be too much mental stress trying to monitor the present value.
Know a guy from the alternatives space who bought an 8 figure portfolio of Richard Milles, Pateks and some smaller brands and is still sitting on it. Bidders are coming at 15-20% below his ask at least.