Vintage Price updates
Thank you teamaster: http://teamasters.blogspot.com/2009/01/ ... ction.html At least we have some idea now.....?
Jan 16th 09 5:37 pm
Posts: 1936
Joined: May 22nd 06 3:28 pm
Location: Trapped inside a bamboo tong!
Jan 16th 09 9:51 pm
Posts: 529
Joined: Jul 23rd 08 9:07 pm
Location: The Isle of Malta
Communism, in terms of "equality", really only works as an idea, and when actually put into practice... well, I'm sure we all know what happenstony shlongini wrote:You don't really believe that for a second, do you?chrl42 wrote:Communism is based on equality.
I love how Stephane explains that one tea sold for 3 times its weight in gold. That just does to show you how crazy some of us pu heads are!
I hear its popular to say that "communism is good on paper, but bad in practice," but what does that really mean anything? If I designed a machine that I think looks good on paper, but blows up in reality, I can go back to the design specs, find the problem, and discover that it isn't really good on paper either.PolyhymnianMuse wrote: Communism, in terms of "equality", really only works as an idea
Hi MarshalN,MarshalN wrote:These auctions are rigged and are all a marketing scam... don't believe them.
I'm curious, how do you know this? I know someone who was flying to Beijing to participate in an auction recently (may have been this one, not sure). He had a tong of Song Pin and some Hong Yin that he was submitting for the auction. He didn't seem to think it was a marketing scam and was happy to sell his tea to the highest bidder.
I'm not saying that they're not a marketing scam, just curious as to the source of your information.
n.
Well connected friends in Beijing & other places
Not all auctions are scams, of course, but enough of them are. It's true not only for puerh but also watches and others. I am not saying that all the buyers and sellers are from the same group. What they are though is an organized group that drives up prices of the items at the auction, which serves the dual purpose of
1) raising prices on all the other antique teas they have
2) doing exactly what Stephane is doing -- telling newbies how great a deal it is to buy new tea now and store and then sell 50 years later for insane profits, never mind that the supply of new tea is exponentially larger than teas from 1950s.
Not all auctions are scams, of course, but enough of them are. It's true not only for puerh but also watches and others. I am not saying that all the buyers and sellers are from the same group. What they are though is an organized group that drives up prices of the items at the auction, which serves the dual purpose of
1) raising prices on all the other antique teas they have
2) doing exactly what Stephane is doing -- telling newbies how great a deal it is to buy new tea now and store and then sell 50 years later for insane profits, never mind that the supply of new tea is exponentially larger than teas from 1950s.