Donate To Keep The Site Ad Free
+ Reply to Thread
Page 21 of 21 FirstFirst ... 11 19 20 21
Results 501 to 511 of 511

Thread: The *declining* Stephen King Market

  1. #501
    Goldmember Mr. Rabbit Trick has a brilliant future Mr. Rabbit Trick has a brilliant future Mr. Rabbit Trick has a brilliant future Mr. Rabbit Trick has a brilliant future Mr. Rabbit Trick has a brilliant future Mr. Rabbit Trick has a brilliant future Mr. Rabbit Trick has a brilliant future Mr. Rabbit Trick has a brilliant future Mr. Rabbit Trick has a brilliant future Mr. Rabbit Trick has a brilliant future Mr. Rabbit Trick has a brilliant future

    Join Date
    Nov 2007
    Location
    Scotland
    Posts
    6,896
    Country
    Country Flag
    Gender
    Gender

    Default

    Make hay while the sun shines. According to the experts, the next global recession will soon be here. (Don't shoot the messenger)

    https://www.independent.co.uk/news/b...-a8540341.html

    https://www.newstatesman.com/politic...-around-corner

    https://www.theguardian.com/business...ouriel-roubini

  2. #502
    "I'm working on my sense of humor" Br!an seldom gets put on hold Br!an seldom gets put on hold Br!an seldom gets put on hold Br!an seldom gets put on hold Br!an seldom gets put on hold Br!an seldom gets put on hold Br!an seldom gets put on hold Br!an seldom gets put on hold Br!an seldom gets put on hold Br!an seldom gets put on hold Br!an seldom gets put on hold Br!an's Avatar

    Join Date
    Jun 2013
    Location
    “No matter how cynical you get, it is impossible to keep up” -Lily Tomlin
    Posts
    10,590
    Country
    Country Flag
    Gender
    Gender

    Default

    I suppose the people responsible for economic crashes could be considered experts.
    "One day you're going to figure out that everything they taught you was a lie."

  3. #503
    Fundraiser Emeritus Merlin1958 is loved more than Jesus Merlin1958 is loved more than Jesus Merlin1958 is loved more than Jesus Merlin1958 is loved more than Jesus Merlin1958 is loved more than Jesus Merlin1958 is loved more than Jesus Merlin1958 is loved more than Jesus Merlin1958 is loved more than Jesus Merlin1958 is loved more than Jesus Merlin1958 is loved more than Jesus Merlin1958 is loved more than Jesus Merlin1958's Avatar

    Join Date
    Apr 2008
    Location
    On a "Time Out" with, Kang!!!
    Posts
    33,017
    My Mood
    Breezy
    Country
    Country Flag
    Gender
    Gender

    Default

    Quote Originally Posted by Mr. Rabbit Trick View Post
    Make hay while the sun shines. According to the experts, the next global recession will soon be here. (Don't shoot the messenger)

    https://www.independent.co.uk/news/b...-a8540341.html

    https://www.newstatesman.com/politic...-around-corner

    https://www.theguardian.com/business...ouriel-roubini

    But I wanna shoot him!!!!! Pleaasseee, let me shoot him??? lol

  4. #504
    Guardian of the Beam peripheral has much to be proud of peripheral has much to be proud of peripheral has much to be proud of peripheral has much to be proud of peripheral has much to be proud of peripheral has much to be proud of peripheral has much to be proud of peripheral has much to be proud of peripheral has much to be proud of peripheral has much to be proud of peripheral's Avatar

    Join Date
    Sep 2015
    Location
    South Of Heaven
    Posts
    3,181
    Country
    Country Flag
    Gender
    Gender

    Default

    I'm not sure what it finally went for, but I think it was listed for around $45k? (I could be wrong on that figure, but I don't think its was south of this).


  5. #505
    Goldmember Kingfan24 has a brilliant future Kingfan24 has a brilliant future Kingfan24 has a brilliant future Kingfan24 has a brilliant future Kingfan24 has a brilliant future Kingfan24 has a brilliant future Kingfan24 has a brilliant future Kingfan24 has a brilliant future Kingfan24 has a brilliant future Kingfan24 has a brilliant future Kingfan24 has a brilliant future

    Join Date
    Dec 2012
    Posts
    2,792
    My Mood
    Inspired

    Default

    The king market is a huge bubble and we would be foolish to believe otherwise. Either way buying books as “investment” is a poor idea u less you have truly one of a kind items with some historical significance.

  6. #506
    Goldmember Father Cody is a splendid one to behold Father Cody is a splendid one to behold Father Cody is a splendid one to behold Father Cody is a splendid one to behold Father Cody is a splendid one to behold Father Cody is a splendid one to behold Father Cody is a splendid one to behold Father Cody's Avatar

    Join Date
    Feb 2018
    Posts
    1,833
    My Mood
    Chatty
    Gender
    Gender

    Default

    Quote Originally Posted by Kingfan24 View Post
    The king market is a huge bubble and we would be foolish to believe otherwise. Either way buying books as “investment” is a poor idea u less you have truly one of a kind items with some historical significance.
    According to RF’s spreadsheet toward the top of the thread, it seems the bubble has been in effect since at least 2005. I was leaning toward your opinion until I saw that. Unless you’re saying you think the bubble isn’t likely going to pop for a long time? In that case it may very well be a good short term investment. Who the hell knows, though...
    Looking for Mister Slaughter S/L #78

  7. #507
    Servant of Gan Robert Fulman is a splendid one to behold Robert Fulman is a splendid one to behold Robert Fulman is a splendid one to behold Robert Fulman is a splendid one to behold Robert Fulman is a splendid one to behold Robert Fulman is a splendid one to behold Robert Fulman is a splendid one to behold

    Join Date
    Feb 2011
    Posts
    1,572
    My Mood
    Happy
    Country
    Country Flag
    Gender
    Gender

    Default

    Buying books is a ridiculously bad investment strategy. The best case scenario is something like The Gunslinger S/L. It was $60 in 1982, and let's say it's worth $7,500 now. That's an average annual return of (7500/60)^(1/36) - 1, or 14.4%; the spreadsheet at the beginning greatly overstates the average return. Getting a 14% return over 36 years is a great investment, but that's the best case scenario, and it can't keep up at that rate. If the value kept growing at the rate for the next 36 years, DT1 would be worth $937,500 in 2054. I don't see that happening. Fact is, people who are flipping Gwendy's Button Box for $200 over list price are:
    1. Getting a better return on investment than someone who has held onto DT1 for 36 years, and
    2. Probably getting a better return on investment than anyone who sells Gwendy's S/L at any point in the future.
    I think the bubble is still slowly expanding, and there's still a chance to make money in the short run via speculation and short-term flipping. I have a mostly-complete collection of books published by Donald M. Grant, but I don't have any of the Dark Tower S/Ls. I'm reasonably young, and I'm willing to wait the 10 to 20 years it will take for the bubble to burst. Gunslinger may never drop back down below $5,000, but the others will drop precipitously at some point. When it does, I'll be there.

  8. #508
    Guardian of the Beam peripheral has much to be proud of peripheral has much to be proud of peripheral has much to be proud of peripheral has much to be proud of peripheral has much to be proud of peripheral has much to be proud of peripheral has much to be proud of peripheral has much to be proud of peripheral has much to be proud of peripheral has much to be proud of peripheral's Avatar

    Join Date
    Sep 2015
    Location
    South Of Heaven
    Posts
    3,181
    Country
    Country Flag
    Gender
    Gender

    Default

    Quote Originally Posted by Robert Fulman View Post
    I'm willing to wait the 10 to 20 years it will take for the bubble to burst. Gunslinger may never drop back down below $5,000, but the others will drop precipitously at some point. When it does, I'll be there.
    And just as you'll be there, waiting, of course a ton of others will be there right beside you, with your same reasons. And there we have it - demand for the product, which in turn keeps the bubble buoyant.

  9. #509
    Live it. webstar1000 is loved more than Jesus webstar1000 is loved more than Jesus webstar1000 is loved more than Jesus webstar1000 is loved more than Jesus webstar1000 is loved more than Jesus webstar1000 is loved more than Jesus webstar1000 is loved more than Jesus webstar1000 is loved more than Jesus webstar1000 is loved more than Jesus webstar1000 is loved more than Jesus webstar1000 is loved more than Jesus webstar1000's Avatar

    Join Date
    Oct 2013
    Location
    Halifax, Nova Scotia
    Posts
    18,463
    Country
    Country Flag
    Gender
    Gender

    Default

    Quote Originally Posted by peripheral View Post
    Quote Originally Posted by Robert Fulman View Post
    I'm willing to wait the 10 to 20 years it will take for the bubble to burst. Gunslinger may never drop back down below $5,000, but the others will drop precipitously at some point. When it does, I'll be there.
    And just as you'll be there, waiting, of course a ton of others will be there right beside you, with your same reasons. And there we have it - demand for the product, which in turn keeps the bubble buoyant.
    And that is exactly it. The market keeps going up because with the advent of all the other media’s attracting new collectors the buying pool rises while the product dwindles. Good ol supply and demand folks


    Sent from my iPhone using Tapatalk
    HELP ME FIND
    Insomnia #459
    ANY S/L #459

  10. #510
    Weedeater Hunchback Jack people like to rub elbows with me Hunchback Jack people like to rub elbows with me Hunchback Jack people like to rub elbows with me Hunchback Jack people like to rub elbows with me Hunchback Jack people like to rub elbows with me Hunchback Jack people like to rub elbows with me Hunchback Jack people like to rub elbows with me Hunchback Jack people like to rub elbows with me Hunchback Jack people like to rub elbows with me Hunchback Jack people like to rub elbows with me Hunchback Jack people like to rub elbows with me Hunchback Jack's Avatar

    Join Date
    Jul 2017
    Posts
    3,595

    Default

    It's true that if supply does not meet demand, prices will continue to rise. But long term, it's not that simple. If a significant portion of the demand comes from buyers who are buying to flip, because it's a good investment, not from collectors who want items to keep, for their collection, then the market price increases beyond what it can sustain. That's a bubble, and we are definitely in a bubble, in my opinion.

    That's not to say that prices won't continue to rise in the long term, just like houses now are more expensive than houses in the 1990s, despite there being two housing crises since. But there may be a correction if the prices grow too fast for too long.

    Personally, I buy books to keep, so it doesn't concern me too much. I do get dismayed if I see that I could have paid much less for a book if I'd waited a year, but you can't let stuff like that spoil your enjoyment of collecting. I think collecting any author as a long term investment is risky, but King probably a better bet than most.

    HBJ
    “If you don't know what you want," the doorman said, "you end up with a lot you don't.”
    ― Chuck Palahniuk, Fight Club

    Looking for SubPress Lettered::
    Angel's Game and Prisoner of Heaven (Zafon)
    Ilium (Simmons)

  11. #511
    Honky Mahfah MikeDuke has a reputation beyond repute MikeDuke has a reputation beyond repute MikeDuke has a reputation beyond repute MikeDuke has a reputation beyond repute MikeDuke has a reputation beyond repute MikeDuke has a reputation beyond repute MikeDuke has a reputation beyond repute MikeDuke has a reputation beyond repute MikeDuke has a reputation beyond repute MikeDuke has a reputation beyond repute MikeDuke has a reputation beyond repute

    Join Date
    Sep 2010
    Location
    Somewhere between here and there
    Posts
    7,455
    My Mood
    Cool

    Default

    Agree with you there Jack. I don't buy to flip. I buy a S\L because I like the book or really like how it's presented. I am a long term holder. I enjoy the collecting part as well. I don't buy a book just because I think it may go up, or simply because it has King's name in it. There are a few that just don't do anything for me. I do it because I like King. I know I missed out on the great run up and most of what I have now may not move for a long time. But that's OK with me. King is still up there. I will continue to buy what I can afford and be happy. Like I said, I missed the run up for most of these books but I look at it as an oh well. I will continue to collect what seems interesting to me.

+ Reply to Thread
Page 21 of 21 FirstFirst ... 11 19 20 21

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts