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Master of Sinanju
Member since Feb 2012
9295 posts

re: 13-second Zion Williamson highlight sold for $100k : 'This is the future':
quote:

so people want to own this highlight or a unique serial number of this highlight/other highlights. why?

Why would someone want to own a cardboard photo of an athlete, when you can find tons of photos for free?

Now, the lack of a tangible item makes me doubt this is here to stay, but its the same concept as sports card collecting.


rocket31
Toledo Fan
Member since Jan 2008
36541 posts

re: 13-second Zion Williamson highlight sold for $100k : 'This is the future':
you could easily argue that it being digital makes it more valuable.

see gold vs bitcoin


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116
AUFANATL
Auburn Fan
Member since Dec 2007
1498 posts

re: 13-second Zion Williamson highlight sold for $100k : 'This is the future':

Yeah, that's the way I'm interpreting it - a video version of a baseball card with a unique digital stamp.

You can find millions of photographs of Mickey Mantle for free, but his photograph, "likeness" or the rights to his image are not what make his rookie card so valuable. It's the fact that Topps only printed a limited number of them back in 1952 and most of those were destroyed by kids putting them in their bike spokes or mom's throwing them away when they had a room cleaning fit.

Of course rarity is only part of the equation. I could create a limited edition set of trading cards or video stamps of the appliances in my kitchen. But nobody cares about the appliances in my kitchen. People care about star athletes.


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32
KosmoCramer
Ohio State Fan
Member since Dec 2007
70484 posts
 Online 

re: 13-second Zion Williamson highlight sold for $100k : 'This is the future':
quote:

that's great. can you give a slightly more detailed explanation on how it works? it doesn't really make any sense on the surface.

it's just virtual trading cards? i cant figure out what the market is whatsoever

ok, so people want to own this highlight or a unique serial number of this highlight/other highlights. why? the human behavior part of it is lost on me.


You can basically recreate a Honus Wagner rookie card but it would be essentially worthless.

These "highlights" are official from the NBA, numbered, their official reproduction is limited, etc.

It's like many "collectable" things in life.


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110
stlslick
Missouri Fan
St.Louis,Mo
Member since Nov 2012
11226 posts

re: 13-second Zion Williamson highlight sold for $100k : 'This is the future':
quote:

which he doesn't own the exclusive rights to, will eventually jump in value from six figures to seven


100% a liberal


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56
LSUBoo
Houston Astros Fan
Knoxville, TN
Member since Mar 2006
87168 posts

re: 13-second Zion Williamson highlight sold for $100k : 'This is the future':
quote:

ok, so people want to own this highlight or a unique serial number of this highlight/other highlights. why? the human behavior part of it is lost on me.


I'm with you.

Why would anyone pay to own a digital clip of something that is available for free online?

I don't care if it's 1/500 officially licensed clips, it's still just a digital highlight. There's no real rarity, only manufatured rarity.

That's not at all like a playing card that has a tangible aspect.


rockchlkjayhku11
Georgia Fan
Cincinnati, OH
Member since Aug 2006
35142 posts

re: 13-second Zion Williamson highlight sold for $100k : 'This is the future':
quote:

I'm with you.

Why would anyone pay to own a digital clip of something that is available for free online?

I don't care if it's 1/500 officially licensed clips, it's still just a digital highlight. There's no real rarity, only manufatured rarity.

That's not at all like a playing card that has a tangible aspect.

im understanding both sides a little bit better now.

why would anyone want a piece of carboard with a picture of a player when i can see pictures online whenever i want? who fricking knows, but this does have a market.

i tend to side with you that the digital aspect makes it LESS cool, not more cool, but i see the argument that the market is very similar. as i said, i personally don't really understand the human behavior side of this as i don't exhibit this particular behavior, but i can now better imagine that some people (losers) would care about this.

im risk averse generally and would need to better understand the demand and the why behind it before getting involved. while this may become absolutely huge, i don't personally believe in it so im gonna have to miss out.
This post was edited on 2/16 at 2:52 pm


LSUBoo
Houston Astros Fan
Knoxville, TN
Member since Mar 2006
87168 posts

re: 13-second Zion Williamson highlight sold for $100k : 'This is the future':
quote:

why would anyone want a piece of carboard with a picture of a player when i can see pictures online whenever i want? who fricking knows, but this does have a market.


The cardboard card and a picture of the card aren't the same thing. It might be the same picture of the same player, but it's a different medium.

A youtube clip of Zion Williamson and an officially licensed clip might not be the exact same thing, but it's even the same clip in the same medium. Apart from some manufactured rarity, there's no difference.

I'm not going to tell people how to spend their money... but this is a head scratcher.


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90
rocket31
Toledo Fan
Member since Jan 2008
36541 posts

re: 13-second Zion Williamson highlight sold for $100k : 'This is the future':
quote:

Why would anyone pay to own a digital clip of something that is available for free online?

I don't care if it's 1/500 officially licensed clips, it's still just a digital highlight. There's no real rarity, only manufatured rarity.

That's not at all like a playing card that has a tangible aspect.



why would anyone pay to own a tangible card that can be printed for free online?

i dont care if its 1/500 officially licensed tangible cards, its just a piece of cardboard. there is no real rarity, only manufactured rarity

thats not at all like a playing card that has a digital aspect


LSUBoo
Houston Astros Fan
Knoxville, TN
Member since Mar 2006
87168 posts

re: 13-second Zion Williamson highlight sold for $100k : 'This is the future':


That reverse argument falls apart faster than Houston's power grid.


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BowDownToLSU
LSU Fan
Livingston louisiana
Member since Feb 2010
14897 posts

re: 13-second Zion Williamson highlight sold for $100k : 'This is the future':
Rocket31 you have a link? I’d like to look into this more .. tia


rocket31
Toledo Fan
Member since Jan 2008
36541 posts

re: 13-second Zion Williamson highlight sold for $100k : 'This is the future':
LINK

that's the marketplace. individual packs are sold out right now


Jcorye1
Detroit Mercy Fan
Tom Brady = GoAT
Member since Dec 2007
59982 posts

re: 13-second Zion Williamson highlight sold for $100k : 'This is the future':
So it's like naming a star.


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60
rocket31
Toledo Fan
Member since Jan 2008
36541 posts

re: 13-second Zion Williamson highlight sold for $100k : 'This is the future':
btw 2 weeks ago i told someone on the money talk to buy a Zion for his son and it's already doubled in value

LINK
This post was edited on 2/16 at 3:24 pm


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03
Monday
LSU Fan
Prairieville
Member since Mar 2013
4334 posts

re: 13-second Zion Williamson highlight sold for $100k : 'This is the future':
quote:

That reverse argument falls apart faster than Houston's power grid.

Which is ironic because if the lights go out, you can't look at your "collectible" item. I have no doubt that people will make money off of this but is it a lasting investment?


rocket31
Toledo Fan
Member since Jan 2008
36541 posts

re: 13-second Zion Williamson highlight sold for $100k : 'This is the future':
quote:

because if the lights go out, you can't look at your "collectible" item


oh lord


Monday
LSU Fan
Prairieville
Member since Mar 2013
4334 posts

re: 13-second Zion Williamson highlight sold for $100k : 'This is the future':
I guess I'm just too dumb to get the value of a digital highlight. I could think of much better ways for me personally to invest $100k


Monday
LSU Fan
Prairieville
Member since Mar 2013
4334 posts

re: 13-second Zion Williamson highlight sold for $100k : 'This is the future':
I mean what is the value of the highlights? What creates price increases or decreases? What makes Zion's first block $900k more valuable than it is now?


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61
JakeFromStateFarm
LSU Fan
*wears khakis
Member since Jun 2012
7717 posts

re: 13-second Zion Williamson highlight sold for $100k : 'This is the future':
Now imagine you had $100k lying around to do something this stupid with it.


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70
rocket31
Toledo Fan
Member since Jan 2008
36541 posts

re: 13-second Zion Williamson highlight sold for $100k : 'This is the future':
think of ways in which a digital asset is more valuable than something you can
physically hold.

i don't think you're dumb but once you see "it" then you'll understand


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