On Sat, 15 Aug 1998, Uncle Roger wrote:
At 03:00 PM 8/14/98 -0500, you wrote:
My point is that the Altair's significance has
been way overstated. The
Whether that is true or not is completely irrelevant to the pricing of
Altairs as collectibles.
Not at all. It's the *perceived* significance and rarity that makes these
things desirable and drives the price up. If a bunch of Altairs came on
the market, the price would drop like a rock. If it becomes known that
Bill Gates first wrote BASIC for the Schmaltztair rather than the Altair,
the price drops.
For example, Beanie babies are neither new in concept,
well made, or even
terribly uncommon. Yet they sometimes sell for ridiculous prices.
Meanwhile, quality toys, which are far more uncommon, and were, in their
time, ground-breaking, often sell for much less. Collector value is a
function of perceived importance and perceived rarity. It may or may not
have any basis whatsoever in actual fact.
Nobody said anything about quality. Beanie Babies bring big bucks because
those brilliant bastards at Ty came up with a scheme for artificial
scarcity in the form of "birthdates" and "retirement". Once the
Beanie
Moms figure out they've been the victim of big scam, prices will drop like
a rock.
Once the overzealous Altair collectors and dealers figure out that they've
been paying big bucks for a rather insignifcant flakey box, prices should
drop.
-- Doug