Discussion - Member to Member Sales - Research Center
Discussion - Member to Member Sales - Research Center
12:43:10pm
Could I get one of the monitors to make this link live, I still haven't mastered that!!
Mod. Link now clickable.
(Modified by Moderator on 2021-06-15 05:46:57)
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Here it is:-
https://www.youtube.com/watch?v=ozg8KEr4vBg
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Right now the folks in the video are just throwing out ideas of possibilities. Who knows what the reality will be.
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The fractional ownership idea is more about making money off investors rather than collectors. As usual, sales of these expensive items get the news, but general collectors will just continue on.
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Cant wait to see the “Guiana” after it has been signed on the back by 42 fractional owners.
Dave.
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10:10:35am
Does that mean that each of the 49 people get to have the stamp at home for 7 days and 99.3 minutes per year?
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I assume you will be able to see it online!
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Our stamp club prohibit this method for 3 reasons:
.
* This method favorites Investors, not Collectors in financially
* This method also created 2 groups (Majority & Minority holders).
* Stamp isn't a stock (taxation, audit & proxy vote).
.
A Stamp should be own by the owner 100%, no partial ownership or lease or even borrow.
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05:35:54pm
Here's a simpler example. If there were two friends who both collected the same area and they decided to go halves on a very expensive stamp and each would have possession of the stamp for half the year, would this be a problem? I can see this working with two close friends or brothers/sisters or any two family members. This is very different from selling shares on a stamp, but I think joint collections are doable as long as provisions were set up to deal with the stamps in case of death or a parting of the ways. As I said, what Stanley Gibbons seems to be about to do is very different and I really don't understand this kind of electronic "sharing". Could someone explain this new fad (non fungible tokens) in a way I could understand it? How can you electronically own part or all of an object or image, and why does it cost so damn much when you don't even have possession of anything?
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It would definitely be classed as a part ownership in a stamp as an investment item. Actually the purchase by Irvin Weinberg in 1980 was based on investments by a number of silent partners who were Pennsylvania businessmen who partnered to come up with the needed funds.
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I believe I've written something similar before, but I still don't understand this investing in cultural artefacts. Dealing in commodities, real estate, company shares and such I can understand, even speculating in currencies. But unique artefacts? If important enough, they should be held by a museum, a public foundation or something like that. I guess that applies to such rare stamps as the British Guiana 1 c or the yellow Tre Skilling Banco.
Speaking of "group ownership" - I've got a crazy idea that may and probably will come to nothing, but anyway: if every philatelist would chip in a dime or the equivalent it local currency, might this be enough to acquire "world custody"? How many of us are out there? Hard to know ... many (most?) aren't members of any record-keeping organisations.
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It's a way for Stanley Gibbons to make a quick buck (or quid, in their case). You buy a stamp, say a one cent magenta, for say $8.5 million. You then sell enough shares in the stamp that will yield you, $15 or even $20 million. It's an old scheme.
There has been discussion in the past on StampoRama about Stanley Gibbons' poor financial condition. What a great way for them to enhance their net worth.
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The scheme can be more involved beyond selling a share. They will likely want to charge management fees (storage, insurance, etc.) and then a fee when sold. If they were poor investors, then the loss is now borne by owners.
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I agree with James (on video) that people see this as an investment and not as a collectible stamp, chances are that the next time it goes to auction it will probably draw even less.
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This is my diabetic cat OBI! I think, therefore I am - I think! Descartes, sort of!
14 Jun 2021
12:43:10pm
I just watched the latest episode of "Exploring Stamps" where the sale of the British Guiana 1 cent Magenta to Stanley Gibbons is discussed. Is this the history of stamp collecting? Will we all be buying small percentages of valuable stamps? I know I won't! Everyone should check out the link below. https://www.youtube.com/watch?v=ozg8KEr4vBg
Could I get one of the monitors to make this link live, I still haven't mastered that!!
Mod. Link now clickable.
(Modified by Moderator on 2021-06-15 05:46:57)
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01:49:35pm
Auctions - Approvals
re: Is this the future of stamp collecting?
Here it is:-
https://www.youtube.com/watch?v=ozg8KEr4vBg
Login to Like
this post
re: Is this the future of stamp collecting?
Right now the folks in the video are just throwing out ideas of possibilities. Who knows what the reality will be.
Login to Like
this post
re: Is this the future of stamp collecting?
The fractional ownership idea is more about making money off investors rather than collectors. As usual, sales of these expensive items get the news, but general collectors will just continue on.
1 Member
likes this post.
Login to Like.
08:21:20am
re: Is this the future of stamp collecting?
Cant wait to see the “Guiana” after it has been signed on the back by 42 fractional owners.
Dave.
1 Member
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This is my diabetic cat OBI! I think, therefore I am - I think! Descartes, sort of!
15 Jun 2021
10:10:35am
re: Is this the future of stamp collecting?
Does that mean that each of the 49 people get to have the stamp at home for 7 days and 99.3 minutes per year?
Login to Like
this post
re: Is this the future of stamp collecting?
I assume you will be able to see it online!
Login to Like
this post
re: Is this the future of stamp collecting?
Our stamp club prohibit this method for 3 reasons:
.
* This method favorites Investors, not Collectors in financially
* This method also created 2 groups (Majority & Minority holders).
* Stamp isn't a stock (taxation, audit & proxy vote).
.
A Stamp should be own by the owner 100%, no partial ownership or lease or even borrow.
1 Member
likes this post.
Login to Like.
This is my diabetic cat OBI! I think, therefore I am - I think! Descartes, sort of!
15 Jun 2021
05:35:54pm
re: Is this the future of stamp collecting?
Here's a simpler example. If there were two friends who both collected the same area and they decided to go halves on a very expensive stamp and each would have possession of the stamp for half the year, would this be a problem? I can see this working with two close friends or brothers/sisters or any two family members. This is very different from selling shares on a stamp, but I think joint collections are doable as long as provisions were set up to deal with the stamps in case of death or a parting of the ways. As I said, what Stanley Gibbons seems to be about to do is very different and I really don't understand this kind of electronic "sharing". Could someone explain this new fad (non fungible tokens) in a way I could understand it? How can you electronically own part or all of an object or image, and why does it cost so damn much when you don't even have possession of anything?
Login to Like
this post
re: Is this the future of stamp collecting?
It would definitely be classed as a part ownership in a stamp as an investment item. Actually the purchase by Irvin Weinberg in 1980 was based on investments by a number of silent partners who were Pennsylvania businessmen who partnered to come up with the needed funds.
Login to Like
this post
01:56:53am
re: Is this the future of stamp collecting?
I believe I've written something similar before, but I still don't understand this investing in cultural artefacts. Dealing in commodities, real estate, company shares and such I can understand, even speculating in currencies. But unique artefacts? If important enough, they should be held by a museum, a public foundation or something like that. I guess that applies to such rare stamps as the British Guiana 1 c or the yellow Tre Skilling Banco.
Speaking of "group ownership" - I've got a crazy idea that may and probably will come to nothing, but anyway: if every philatelist would chip in a dime or the equivalent it local currency, might this be enough to acquire "world custody"? How many of us are out there? Hard to know ... many (most?) aren't members of any record-keeping organisations.
1 Member
likes this post.
Login to Like.
re: Is this the future of stamp collecting?
It's a way for Stanley Gibbons to make a quick buck (or quid, in their case). You buy a stamp, say a one cent magenta, for say $8.5 million. You then sell enough shares in the stamp that will yield you, $15 or even $20 million. It's an old scheme.
There has been discussion in the past on StampoRama about Stanley Gibbons' poor financial condition. What a great way for them to enhance their net worth.
Login to Like
this post
re: Is this the future of stamp collecting?
The scheme can be more involved beyond selling a share. They will likely want to charge management fees (storage, insurance, etc.) and then a fee when sold. If they were poor investors, then the loss is now borne by owners.
Login to Like
this post
re: Is this the future of stamp collecting?
I agree with James (on video) that people see this as an investment and not as a collectible stamp, chances are that the next time it goes to auction it will probably draw even less.
1 Member
likes this post.
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