Re: [Leica] Re: Leica Millennium vs LHSA Black Paint

[Dan Cardish <dcardish@microtec.net>]

I'm reminded of my Shaquille O'Neal rookie cards that I bought, thinking
that I would make a killing.  After all, looks at Mickey Mantle's or Pete
Rose' rookie cards.   Last time I checked, my O'Neal cards were worth about
a buck.  Sometime you win, and sometimes....

Dan C.

At 03:16 PM 23-08-00 EDT, Photovilla@aol.com wrote:
>Dan, 
>
>Yes, the original owners did buy the car...but I didn't for the one I 
>purchased (which came from a dealer who purchased it from the person who had 
>the car) ...and yes I made over $5k in about 2 weeks. I do not know how much 
>the other two owners of the camera made on it as I am not aware of the 
>original price for this camera.
>
>I do believe that the party who purchased the camera will make as much, if 
>not more, when they sell this camera. 
>
>Of course, these are not "typical" Leica cameras. Typical Leica cameras seem 
>to keep pace with inflation, but not much else...perhaps a lot like typical 
>stocks. (2/3 of the stock market keeps pace or falls short of inflation I 
>read in the Wall Street Journal about two weeks ago.)
>
>Some Leica's, say the Leica Luxus, have sold for over $100k at auction now 
>and I recall reading a story of how Tamarkin bought his for $5k just maybe
10 
>years ago. (and that wasn't cheap according to him at that time.)
>
>BTW, I have never heard of anyone losing their shirts on a rare Leica (even 
>in a bad time rare cameras don't really lose value in my experience)...but I 
>have heard (and felt) the pain of a stock market "crash" from time to time. 
>No one I have ever met had all stock market winners in their 
>portfolio...well, except maybe last year!<g>
>
>There is no doubt that the stock market, along with NYC real estate, can be 
>among the best investments out there...but some Leica's are not bad either. 
>Both are somewhat unpredictable, require due diligence in purchase and sale 
>and go through cycles where values increase or decrease. I would not put all 
>my money in any one venue no matter how high the past returns have been...
>
>later,
>rich
>
>
>
>