12 October 2014

Investments

I know more than a couple of people who have "heirloom" china.

Complete sets of what was extremely expensive dinnerware.

A cursory glance at the values of these sets makes it appear that they're sitting on retirement funds.

A more detailed examination reveals that it's a single seller asking the retirement rates...  They're more than happy to buy your whole set for pennies and sell individual pieces for tens of dollars.

The people I knew have been hanging on to grandma's china for decades, not using it, with the intention of selling it and cashing out.

The only person buying sets is this one seller and the only people buying otherwise are buying single pieces to replace breakage in their set.

Yet we all remember when complete sets were selling for damn good money.  Seems the bubble has popped on fine china.

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