I know the first law of valuation-something is ultimately worth what someone else will pay for it. But, I am being besieged by people trying to sell me sports “collectables”. Take a baseball, allegedly “signed” by the late Joe Dimaggio. Such an item is supposedly worth upwards of $600.00. Why is this item worth anything? i know Joe has shuffled off this mortal coil, so he won’t be signing any more baseballs, so the supply is limited. Still, anybody younger than 60 probably never saw “jolting” Joe in action, so i can assume that the supply of potential collectors is also shrinking./ So why would anybody pay such an absurd sum for a $5.00 baseball.
Also, there must be a HUGE industry in making fakes of suchitems-how does one authenticate a signed baseball. Even weirder (to me) are these signed football helmets-in 30 years who the heck will remember who bart starr was?
I fingd the whole thing very strange-why do people buy this stuff?
Things are worth what people are willing to pay for them.
Yer pal,
Satan
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Sports has always been a link to the good ol’ days. People yearn for things that remind them of simpler times, and in our wacked culture that involves sports. We have been told that the golden age of baseball, hockey, football and basketball have passed and the artifacts that are signed by the greats of the those days will appeal to the fans of today.