Cryptos, Art, Antiques, and Comic Books

 

Would you pay a million dollars for some paint on paper with a fancy frame around it?

Well, some will. 

Especially if the artist is famous and more importantly, dead (no more future supply).

But then again, there will be times you'll be getting rid of your prized art collections for a song.

Our late Singapore banker Low Chuck Tiew was able to amass a great collection of Chinese artworks during his posting in Hong Kong during turbulent time of 1949 when the communists were taking over the whole of China.

(As a side note, properties are usually good, better, best 99% of the time in human history. However, it sucks when you are "running road", or when its stolen without compensation from communist bandits.)

The thing about antiques its really in the eye of the beholder. 

Some see old stuffs as junk; some see them as treasures. 

The same goes for rare 1st issues of comic books or toys of our childhood in mint condition or in their original packaging. 

Hoarders of the world would exclaim excitedly, "See? What did I say? Don't throw away anything! They may get valuable one day!"

How about memorabilia?

Unless you're a big rabid fan of Apple, who would pay $800K for the first Apple 1 computer?

Then again, there's a group of people who don't care or have any interests whatsoever in the various "asset classes" I've shared above. These are the speculators.

Just as long they are confident they can find the next fool to sell to at a higher price, they will place a bid.

This is how I view cryptos.