8 stupid ways to explode your money
Imagine a world before March 11, 2021, before Beeple shakes the earth and sells an NFT for $ 69 million, causing a monsoon of NFT press releases. What did we consider to be an unreasonable purchase? What did we talk about? If you are not a tech blogger, artist, art critic, gallery owner, crypto trader, or CNBC consumer, please let me know. About everything.
Back in January 2021, a paid collector $ 396,000 at Heritage Auctions for a $ 20 note with a Del Monte banana sticker under part of the Treasury seal and serial number of the note. The provenance dates back to 2004 of an ATM in Ohio, which distributed the ticket to a student and has now been auctioned off three times.
“Collectors immediately fell in love with it,” said Dustin Johnston, vice president of currency auctions at Heritage Auctions, in a press release. Sorta not really explaining why that $ 20 bill is worth 19,800 pristine $ 20 bills, he added that “the placement of the ‘Del Monte Ecuador’ banana sticker is ideal.”
But why $ 396,000? Why not add an extra 4K for a smoother “four hundred thousand dollars” that sticks out of the tongue at a cocktail party and looks a lot nicer in a press release headline?