|Re: Signed, First-Edition ‘Hobbit’ on ‘Antiques Roadshow’|
Subject: Re: Signed, First-Edition ‘Hobbit’ on ‘Antiques Roadshow’
by Stu on 2011/6/19 20:49:10
>I can find at least 4 persons who will buy this book right away at this estimate!
One word: "Tulips".
I guess perhaps that there are enough uber-rich "money-no-object" types to support this market for the very rare items. The modern art world had a massive bubble-burst a couple of years ago, I believe, and I think any market that has lost sanity will generally correct in the end. I hope that this one does as it benefits no one.
50,000 pounds for a book from 1937 (i.e. fairly recent) is just crazy, signed or otherwise. I guess there are always going to be the "elites" out there for whom this is chump change (and they can always get more cash by squeezing the masses a little more if prices go down)
Vive la revolucion.