Quote:
Originally Posted by LookingAtYou
Not to come off as a downer to anyone here who may have just paid $250 for that must have limited edition DMB poster, but chances are you will not recover that money if you are planning on reselling the poster. If you only want to put it on your bedroom wall and you believe it is worth $250 of your money to have the ability to do that, then by all means this doesn't apply to you. Lets quickly mention a few famous bubbles:
Famous Bubbles:
Dutch Tulip Bulbs in the 1630's
South sea stock in the 1720's
Gold in the 1980's
Tech Stocks in the 1990's
Japan 1960-1980
Baseball Cards 1970's-1995
Real Estate in 2000's
Beanie Babies
Collectible Sneakers 2000-2007
All of these bubbles eventually popped for one reason or another, and I believe the DMB poster craze bubble will too eventually pop. Now before you argue this point with "they're limited posters of a band and will hold value for their historical quality," I urge you to go on ebay right now and search for "beatles poster" and "grateful dead poster" and then get back to me.
Now I know, I know we are all die-hards here; but chances are if those bands posters from the time they were touring are selling for $6.00 each, chances are DMB's will too 20 years from now.
Like I said before, if you paid $100+ for a DMB poster because it was worth that much to you, more power to you; but if you paid that price only because you believed it would be a profitable long-term investment I suggest selling the poster now.
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Anyone whose primary purpose when buying a DMB Print as a long term investment will be broke 20 years from now anyway from stupidity. Now I am not saying that Art is bad investment because the very expensive art that is sold through auction houses and galleries are used as a tax rightoff for the rich. However, DMB Prints do not fall under the latter category.
As a longtime member of expressobeans and a collector of DMB Prints (own entire Flower Series, Vegas 2005, Roseland 2005, both 96 Arminski's, 2004 Emek Summer Tour, Bristow 2008, and many other highly sought DMB Prints) DMB Prints are arugably hotter than Emek's (own a lot of sought out Emek's too) right now. The Ace for Vegas is already at $350 (The sale of one for $675 is BS because there were multiple ones on sale for $300 at the same time. Why would someone pay more than double unless they are trying to create an artifical market?), someone has already metioned a Dave Matthews Budich is going for $700. Most prints will immeaditly double in value, and sell for at least $75 the day after the show. Therefore, you can make a very nice short term profit if you want to flip DMB Prints.
The question is more of how long will DMB Prints increase in value as quickly as they are? The recent spike in DMB Prints really reminds me of the spike in Emek's a few years ago. After the surge, which was right around the crash in the stock market, most Emek's only slightly delcined in value, but still worth way more than they were before there became a "market" for them.
The really surpsing variable during this increased demand for DMB Prints is that they have spiked during one if not the worst economy of all time. Also, I have noticed two other variables during the recent spike in demand for DMB Prints. First, the "Professional Flippers" started to flip DMB Prints. Up until last year, the "Professinal Flippers" laughed at the DMB Prints, but really started flipping them during the Flower Series Craze. The Flippers remained throughout this Tour, most likely due to Methane, the company that designs the prints and releases the prints, selliing a small amount on their website. Also, Warehouse sells a small amount on their Website as well. All together around 30 to 50 prints are released between the two, and some how the same people always end up with them. Second, the surge of members on expressobeans that collect DMB Prints. Before last year there were only a handful of people on EB that collected DMB Prints; however, last year the amount of new members on EB who collect DMB Prints has gone through the roof, which has been the main variable for recent increase in value of DMB Prints.
In the end, I dont see the value of DMB Prints slowing down any time soon. If Emek's have declined in value when DMB Prints have sored in value in this economy, then their "market" can survive anything. Again, it just comes down to people who continue to buy them on Ebay or Expressobeans. However, 10 or 20 years from now, who knows what they will be worth. If you are able to guess the value of a stock 20 years from now, then you will be a millonare. If you are able to find the next big thing, then you will be a millonare.