B
Blair P. Houghton
Guest
Rick <[email protected]> wrote:
>
>Blair P. Houghton wrote:
>> Dennis P. Harris <[email protected]> wrote:
>> >On Sun, 14 Aug 2005 22:14:27 GMT in rec.bicycles.tech, Blair P.
>> >Houghton <[email protected]> wrote:
>> >
>> >> You say it's easy, why don't you pony up and indemnify the
>> >> process against any sort of mechanical error for the $20k
>> >> or so this frame is really worth to me.
>> >>
>> >oh, bullpucky. no frame is worth that much, and you're just
>> >obsessive. PLONK.
>>
>> I work about 100 feet from a guy who paid $3 million for
>> a baseball he never hit himself.
>
>There are only two reasons one pays $3M for a baseball:
>
> 1) bragging rights
> 2) they think they can sell it for more in the future
>
>Neither of these apply to your bike frame. Realistically, your frame
>is worth hundreds, not thousands. No one will pay for your sentiment,
>no insurance will indemnify for it either.
Only two reasons. You don't understand the economics of
irrational actors nearly as much as you think. Get a copy
of Greg Mankiw's treatise on it and study up.
>> Conversely, in the right context, no frame is worth the
>> price of postage.
>
>Wrong. I shipped a frame/fork to Colorado (from California) at the
>beginning of the summer. $16. The frame was certainly worth more than
>$16.
I don't want that frame. You'd have to pay the postage
to ship it to me.
--Blair
"In the right context, he repeated..."
>
>Blair P. Houghton wrote:
>> Dennis P. Harris <[email protected]> wrote:
>> >On Sun, 14 Aug 2005 22:14:27 GMT in rec.bicycles.tech, Blair P.
>> >Houghton <[email protected]> wrote:
>> >
>> >> You say it's easy, why don't you pony up and indemnify the
>> >> process against any sort of mechanical error for the $20k
>> >> or so this frame is really worth to me.
>> >>
>> >oh, bullpucky. no frame is worth that much, and you're just
>> >obsessive. PLONK.
>>
>> I work about 100 feet from a guy who paid $3 million for
>> a baseball he never hit himself.
>
>There are only two reasons one pays $3M for a baseball:
>
> 1) bragging rights
> 2) they think they can sell it for more in the future
>
>Neither of these apply to your bike frame. Realistically, your frame
>is worth hundreds, not thousands. No one will pay for your sentiment,
>no insurance will indemnify for it either.
Only two reasons. You don't understand the economics of
irrational actors nearly as much as you think. Get a copy
of Greg Mankiw's treatise on it and study up.
>> Conversely, in the right context, no frame is worth the
>> price of postage.
>
>Wrong. I shipped a frame/fork to Colorado (from California) at the
>beginning of the summer. $16. The frame was certainly worth more than
>$16.
I don't want that frame. You'd have to pay the postage
to ship it to me.
--Blair
"In the right context, he repeated..."