Friday, November 16, 2012

Almost the Apocalypse

It will be the end of the world when someone actually meets the starting bid (or more!).

Of course, if Twinkies are selling for anything close to this price, then Hostess wouldn't be going out of business:
Hostess Brands Inc., the 85-year-old maker of iconic treats such as Twinkies, Ding Dongs and pantry staples like Wonder Bread, on Friday said it would go out of business after failing to reach agreement on wage and pension cuts with its bakers' union.
Like works of art whose value appreciates when the artist dies, Twinkies prices might well follow a similar path (although $8,000 is a mite ambitious). At least with all the preservatives used in their manufacture, an investor will have years to make his speculation pay off. © 2012 Stephen Yuen

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