Monday, October 01, 2012

Book arbitrage anyone?

Something I should have checked into, but the CP has parsed the current spot prices on Pirates tickets. German Mark at the end of the Weimar Republic were worth more than that. In physics that would be called a singularity. A black hole if you like and may be the most apt metaphor. In pure stream of consciousness it reminds me of something I noticed once and still seems to be the case.  Remember the Pittsburgh Signs Project.  For some reason those books appear to be collectibles in some markets.  Like almost $1000/book??  Each book then works out to be worth more than the current market value of all the Pirates tickets that will be used for the remainder of the season.  I do mean cumulatively. 


Anonymous MH said...

I heard from somebody on the business that prices like that are often an artifact of computers interacting in an extremely thin market. Probably need some version of the uptick rule.

Monday, October 01, 2012 10:48:00 PM  
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