Thursday, November 6, 2008

Man buys 10,000 copies of Bellingham Herald's "Obama wins" edition as investment

Via Romenesko:

Thomas Baldwin, 67, has a friend who sells copies of newspapers that are decades old at trade shows and makes a profit. He thinks he may be able to do the same with Herald's "Obama Wins" edition.

So far, Obama's election seems to have helped newspaper sales. But not the stock market.

4 comments:

Anonymous said...

Thomas Baldwin is an idiot. Doesn't he know that there are millions of copies being reprinted to set in storage for the next 100 years.

Anonymous said...

...At 67, methinks he does not have decades to wait. This fellow must intend to bequieth these copies to his heirs as gifts of great value. " To my Son and Heir, five copies of the Daily Munch, as his share of the millions of quarters I fed those newsracks.....
..I guess this beats Lehmann brothers as an investment. Sorta.

McClatchy Watch said...

I agree with the conclusion at 7:02 -- the market is flooded with these newspaper editions; whoever ends up with them will be lucky to get 50 cents a copy for them -- even a couple of decades from now.

Anonymous said...

"whoever ends up with them will be lucky to get 50 cents a copy for them"

Even at that, he would be making a profit as he only paid $.17 each...

I think there are better things to invest in, but if he had to have that newspaper, he should have bought the Seattle one instead as it has more prestige to collectors.