On Mon, 23 Feb 1998, Sam Ismail wrote:
Well, if I wanted to buy a Commodore 64 from you got
$5,000 I'd say that
was an appreciation in value. But I probably wouldn't.
This goes back to the old saying...it's only worth what someone will pay.
If you stuck the rarest stamp in the world with documentation and proof of
authenticity in front of someone who didn't even know what a stamp was, to
them its just a little scrap of paper. Pricing, no matter who determines
it, is always subjective.
It's subjective, but not completely arbitrary if you believe in market
efficiency. I'm actually surprised Altairs are going for as little as
they are given their place in history, relative rarity, those cool
flashing lights, and the number of millionaires at Microsoft :-)
-- Doug