Mellotronists

> From: Jerry Korb <jkorb@...>
   > Sender: Mellotronists@yahoogroups.com
   > 
   > Wow ! Never thought that beastie would sell for so much,
   > especially in its unrestored condition.

Welllll, it's eBay.  So it's never completely clear if the instrument
actually sold for that price, or if the instrument even sold at all.
It could have been a setup.

   > ....However, in 1994 , a unethical/rude newcomer with no
   > historical interests, only those of financial gain , came on the
   > scene, and started buying early lighting artifacts for 6-10X
   > prevailing prices.  Once word spread, everyone scrambled to buy
   > stuff while still "affordable." Then eBay began in 1995, and fed
   > the frenzy still further.
   > 
   > Result, many collectors were driven-out because they couldn't
   > afford to acquire new material.

Noooooo.  The collectors were happy because their collections were
then worth many times more than the used to be worth.  It's the folks
that lusted after collections but didn't actually have any that were
screwed.

(I mean, it's not like this stuff doesn't happen in the stock market
all the time.  Booyah!)

   > Does that make the item REALLY worth that much?  Nope, only its
   > intrinsic value, which is minimal.  

Noooooo, they're worth exactly what people are willing to pay for
them.  That's what "worth" means.  Unless you live in a communist
society where some agency determines the worth of items.

   -- Don

-- 
Don Tillman
Palo Alto, California
don@...
http://www.till.com