24 May
2005
24 May
'05
3:05 p.m.
On Mon, 23 May 2005, Jim Battle wrote:
Computer Collector Newsletter wrote:
And you don't think he's figured this out? Why do you think he's trying
to find a sucker to take it at $199K?
My guess is he's descended from old P.T. ;)
--
Sellam Ismail Vintage Computer Festival
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And if so, can you explain what he's
smoking?
http://www.clelsplace.com/eli/
The press release attached to this link is dated May 21, 2005. Oddly, it
appears he did the same thing in 2002:
http://yahoo.pcworld.com/yahoo/article/0,aid,104772,00.asp
Looking at his ebay sales history, he is moving less than $100/day,
probably closer to $50 long term. Some days he clears 20 items, others
0/1/2/3. Let's be generous and say $100/day is sustainable. For his
$200K asking price, it would take 2000 days, or 5.5 years to recover the
investment. If he gets the $1M he hopes, it would take 25 years at
$100/day to recover the investment.
Of course, it would be a lot longer than that, since there would be
storage costs and taxes to be paid. That is a lot of work and a long
time to get back to break even.