Siegel Offering The Edward Morton US Collection In April

Per Siegel:

"In the tradition of Emerson, Caspary and Newbury, and with a discerning eye for quality, Edward Morton has carefully formed one of the most beautiful collections of United States stamps it has been our pleasure to offer."

https://siegelauctions.com/desp/Mortonpreview.pdf

Now that is saying something.

No doubt there will be many beautiful stamps, but what they are really saying is that someone who almost certainly seriously overpaid for the material will now take a bath when selling it, because several of the former big buyers are no longer doing so. So most collectors will enjoy viewing the eye candy that is out of their price range, and post how they wish they could afford them.

If the person who "seriously overpaid" had decades of relaxation, intellectual and social satisfaction from forming the collection, why does it matter if she "takes a bath" when selling it?

Is your personal judgement and approval of the "correct price to buy", followed by a handsome gain, the sole measure of success in our hobby?

'
A dealer can overpay, because they are limited to what the market will bear when they sell.

A collector should immediately deduct ("expense out" if you took accounting) the value of the shopping, the winning, and the owning; the fraction that remains is what they actually paid, and what money they get when they sell should be measured against that fraction.

Cheers,

/s/ ikeyPikey

Perhaps they had "decades of relaxation, intellectual and social satisfaction", and perhaps not. Is my personal judgement and approval of the "correct price to buy", followed by a handsome gain, the sole measure of success in our hobby? No it's not. But all this takes is money. It does not take any great or even real philatelic knowledge to create, just a good philatelic advisor. This collector might know a great deal, or very little. Every year there are one or two similar collections that come up for auction, and they get puffed to death. It's just much more impressive to see collections that required genuine study and clear knowledge to put together, rather then simply looking for the highest grades available which does not. That only takes money and a telephone.

Collections that require study? Chances are, anything that requires that much study a certificate will be required, thereby taking the knowledge out of the equation.

How do we know Edwin Morton did not form the collection based on "genuine study and clear knowledge"? Are you acquainted with him?

Apparently you did not read what I wrote. Which was "This collector might know a great deal, or very little".

"Chances are, anything that requires that much study a certificate will be required, thereby taking the knowledge out of the equation".

Really???? Perhaps you have not seen enough collections.

Anyway, I cannot wait to see the collection. Things like this are always exciting.

I could care less who will be bathing whom and for how much blah, blah, blah. And I could care less what Mr. Morton's motivation and skill sets are. It is irrelevant. Too much poppycock and balderdash for this late hour.

Goodnight All!

That actually means you do care.

If you wish to indicate you could not care any less,
then it would be
"I could'nt care less" or "I could not care less"

I can't speak for all of the U.S., but in California and Nevada where I have lived most of my life when someone says "I could care less" people know you mean you couldn't care less. Yea, I know it's weird.

The Morton collection is indeed eye candy, and high graded brings more bucks at auction. Personally, for my own collection all I need are stamps with clean PF certs.

Right, that explains it, I hear it so often. Thanks for the explanation.
Two things that really irritate me, and I have no idea why, it just does,
are the Americanisms, "I could care less" and "go figure"
as soon as I see it, I have to click on the next post.

Sir Rod - It was always the way to say it growing up in Massachusetts. We also drive on the wrong side of the road. I could care less if you do not like it.

How about "at the end of the day"

grrrrrrr

Here's the deal man, truth be told at the end of the day I could care less.

Cornpop