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Far cry from your ridiculous earlier claim of "stamps are worthless comments even those with a retail (not catalog) value of $50 or more"
Mine was not a claim, it was a statement of fact about a Dealer's inventory which sold on the open market to the highest bidder in a public auction. I am sorry or rather you may be sorry if you cannot accept the facts of the sale in question.
Lot 2854 in Kelleher Sale 793 had the following description:
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Worldwide, Show Stopping, Incomprehensible A&D Mint & Used Stock, housed in 574 red boxes, with custom fitted wooden boxes, filled and intact from A to Z, regular solid Countries and their Colonies and Offices are all represented, British, French, German, Italian, are all present, this is not your typical red box lot as each item (over 400,000 items in total, likely $20,000 + are items of individiual value $1 to $50 retail and comprise the great majority of the value, estiamted at $2,000,000.00 +) each item is meticulously identified, graded by quality and priced on 102 cards and includes a superb run of modern singles and sets priced to about $50 an item with minimal quantities, usually 3 to 5 when present, whose aggregate face value alone is substantial. The owner ran adding machine tape totals on 145 of the boxes and interpolated the retail value in excess of $2,600,000.00 which would catalog over $3,000,000.00, his logic seemed plausible, items average $5+ a card for those calculated, as many are under $5 each, one would want to vastly discount these, 5% comprises 75% of the overall value, as just about every Country is represented, sans US and Canada (those stocks were maintained separately and are offered herein as well). This is a turn key operation and would be excellent for any enterprising reseller, be it at the shows, retail-store, price listings or internet. Note that none of this material was presented online and would prove to be a treasure trove for online sellers, nor has it been picked-over, for example Asia is intact, and as this dealer didn't discount his pricing, it is still a stock well in its prime. We invite your inspection and cannot imagine another stock of this magintude with such a high degree of work already done and ready for resale, generally Fine to Very Fine or better, ex A&D Stamps and Coins Stock. Shipping charges apply - weight 2976 lbs.
Estimate $100,000-150,000
SOLD for $85,000.00
Let me ask you a simple question eyeonwall, how many hours would it take you to sort, identify, describe condition and place in 102 cards, labeled, 400,000 stamps?
If you cannot do 200 stamps per hour (that is an average of one every 18 seconds) it will require you over two years of full time work, not including FLSA work breaks. As of 4-1-2024 you get a minimum of $24/hrs working in fast food, per a new California Law.
Lets pretend your expertise and labor equals at least that of a Mickie D's burger assembler or cashier and thus:
$24 times 4000 hours is $96,000.00 and that does not include buying the 102 cards at about $60 per 1000 box and with 5 stamps per 102, that is $60 x 80 or $4800.00 additional cost for the cards.
So the entire lot sold at less than labor and equipment providing the stamps for zero value.
Hate me all you want, I am the messenger, bring to the table facts.
Edit; For English.
Posted 01/29/2024 8:47 pm
