Friday, December 07, 2007

ebay Has Spoken

One of the things I love about ebay is that it is such an efficient and transparent market. This means you can use it to gain an independent assessment of an item's true value.

For example, consider a short sleeve Donovan McNabb jersey, sold in December. This would only have value to most buyers if Donovan McNabb will be playing on the Eagles next season. There is much debate among the "experts" as to whether McNabb will be playing on the Eagles next year. But I think we have our answer. The jersey sold for $1.25.

McNabb is gone from the Eagles at the end of this season. You heard it here first.

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