If you think its insane to spend that amount of money on it (essentially: it's not worth that much to you), then you holding onto it instead of having $1300 is pretty much the exact same scenario? By holding onto it you're saying it is worth that much to you.
It sounds like believing you hunted down a 'deal' causes you to wildly change how you perceive value at an emotional level.
I would probably do the same thing. It's just funny to see expressed on HN where everybody complains that advertising and marketing are evil/scams and proclaims loudly how rational they are.
He wants the thing. He does not value the thing at 1300 dollars so he would not buy it for 1300 dollars. He found it for a lower value, he kept it because the point at the start was he wanted the thing.
On the topic of HN users, is it our collective first day on earth?
The point is it's irrational behavior. And we all do it.
It's burning $5 in gas and $20 in time to go to a store further away and save $25 on a sale item. And then proudly bragging "I'm not like those idiots who pay full price!"
OP didn't find a record...he found a $1300 arbitrage, then decided to spend the proceeds on the record by keeping it.
In other words, this is why selling stuff to consumers is a nightmare.
You have to trick them into believing they "won one over" on everybody else, via discounting and promotions, no matter if ultimately they're the ones losing by spending hours of their time jumping through hoops on a product that they legitimately value at full price.
it could simply be that you value owning the object in terms other than money. sentimental reasons, completionism tendencies, novelty, some other "non-rational"/emotional reason; any of these can have a stronger pull on the mind than $1300 to someone who doesn't immediately need the cash for survival. i have some records like this (not in that price-range but still) along with a few other collectible items (some rare handmade keycaps that were going for over $500 a piece at one point) that I refuse to part with for money because i just... like them :)
> On the topic of HN users, is it our collective first day on earth?
The disease of financialization at work. Money is all that matters to people, everything is converted into money. It's only value is what you could get from selling it, and/or what you spent to acquire it.
Like those weird fuckers who buy $200k supercars so they can sit in a damn garage. (She said, having put 30k miles on a Corvette inside of 3 years)
> 10k mi/yr is a nice round "lease" number of miles. Are you sure you don't value the resale value of your car more than the joy value?
I mean it's helped by the fact that I can only realistically drive it like 7-8 months out of each year, and it's my fun car, not a commuter. As much as I'd love to drive for fun every day that's just not feasible, lol. That said it's resale value has never once entered my mind. I'm waiting until the loan is paid off at which point I'm planning several modifications to get more power out of it, and probably a lambo-door-hinge kit.
I don’t see any sign they own the original pressing which is $1300. Instead they own the 1977 remaster which apparently sounds as good as the original pressing though I don’t own the original. The 1977 remaster sells for between $5 and $50 depending on grade. I paid $3 for mine and it might be worth $25 or $30 of if I did a lot of leg work.
You’re making a lot of assumptions here in your thinking. The first one is that you can just randomly turn around and sell that record for $1300. Hitting those peaks usually only happens with in person sales or amongst collectors who know each other well. It’s incredibly expensive to get to that point and requires thousands of hours of work. For a normal person without extensive contacts, it’s still a lot of leg work for a fraction of that price. That might yield maybe $30 an hour.
Some people value their time higher than that; it’s really not that deep.
If you think its insane to spend that amount of money on it (essentially: it's not worth that much to you), then you holding onto it instead of having $1300 is pretty much the exact same scenario? By holding onto it you're saying it is worth that much to you.
It sounds like believing you hunted down a 'deal' causes you to wildly change how you perceive value at an emotional level.
I would probably do the same thing. It's just funny to see expressed on HN where everybody complains that advertising and marketing are evil/scams and proclaims loudly how rational they are.