Election 2008 Newspapers Become Instant Collectible at Near 12000% Markup Prices.

Filed in Consumer Education , Politics 2 comments

And I thought equities trading was the fastest way to make a killer profit… boy was I wrong!

The Election 2008 morning-after print edition of the New York Times sold out of their daily edition morning paper only hours after being released.  Newspaper organizations all across the country were forced to print additional copies to satisfy the demand.

The cover story was obviously the historic election of Senator Barack Obama as our 44th President.

For those lucky enough to get their hands on a copy, and did not want to hang onto the “Obama Wins” edition as a collector’s item, quickly took to the internet to sell what turned out to be an instant collectible on sites like eBay and Craigslist.

I captured this finished eBay auction (yes it actually got bid up to this amount) where some delusional buyer paid $177.50 for a single newspaper.  The normal price of a NY Times daily edition goes for $1.50.

For a few New Yorkers, a quick early morning trip to the corner newsstand and a little pocket change turned into a nice 11733% profit.  [ ($177.50 - 1.50) / 1.5) * 100% ]

Minus the fees from eBay, it’s still not a bad for a days work.

Ironically, for a campaign that was based on “Change”, this lack of personal finance discipline certainly looks like ways of the past when credit was cheap and spendthrift habits were a way of life.

Just one more great example that a sucker is born everyday, and kudos to anyone who banked some serious coin by selling to complete idiots caught up in the emotional contagion.

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Posted by Matt SF   @   6 November 2008 2 comments
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2 Comments

Comments
Nov 8, 2008
12:00 am

Hello!

My name is Robert Barr. I am the founder of Blabrmouth.com. I imagine you have seen Drea’s email with the guest post schedule for BusinessPunidt.com. I just wanted to reach out and say hello, say that I stopped by your blog and I really enjoyed it. I have subscribed to your feed and look forward to reading your stuff going forward!

Thanks for your time!

Robert Barr
BlabrMouth.com

[Reply]

Nov 8, 2008
12:39 am
#2 Matt :

@ Robert,

Thanks for the kind words and feed grab. I just grabbed your feed as well. Feel free to ask trading or investment related questions anytime.

[Reply]

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