Obama’s Victory Pushes Newspaper Bids to $100 a Copy
http://www.bloomberg.com/apps/news?pid=20601070&sid=aRUzxDm1xKDQ&refer=home
“The sold-out Nov. 5 edition of the New York Times, headlined Obama: Racial Barrier Falls in Decisive Victory,'' is attracting bids of [almost $100](http://cgi.ebay.com/NEW-YORK-TIMES-NEWSPAPER-11-5-08-OBAMA-U-S-A-PRESIDENT_W0QQitemZ120329640267QQcmdZViewItemQQptZCollectibles_Paper?hash=item120329640267&_trksid=p3286.c0.m14&_trkparms=66%3A2) on Internet auction site EBay. Copies, which cost $1.50 at the newsstand on weekdays, are billed by sellers as a serious collectible score.‘’”
…
“In the nation’s capital, the Washington Post ran a third printing of its election issue, which vanished from some newsstands before dawn on Nov. 5. Collectors snapped up a second run of 350,000 copies that night and yesterday. On Craigslist, sellers are asking $50, a hundredfold markup.”
Funny how people scream “gouging” when gasoline prices rise slightly, but say nothing when when a newpaper price gets “a hundredfold markup.” Maybe they misplaced their delusions in the Obamania. At least free marketers demonstrate a consistent respect for the function of profit and loss.