Obamamania is turning into an Obamaboost for a Washington newspaper. A retiree, OAP, and former stock trader decided the November 5, 2008 edition of The Bellingham Herald was a great investment and plunked down $1700 for 10,000 copies that proclaimed "Obama Wins." He placed a special order with the newspaper to run the extra copies after the regular edition was printed.
Newspapers across the U.S. reported sellouts of the history-recording newspapers the day after Obama was elected. The stock broker was inspired by a friend who sells old newspapers at flea markets. Current copies of the New York Times are selling for about $50-75 per issue while the Chicago Tribune is selling for around $50 per issue.
Newspapers as Investments
Retiree Buys 10,000 “Obama Wins” Issues
Trend Themes
-
Investing in Historical Newspapers — Opportunity for investors to purchase and resell newspapers that capture significant historical moments.
-
Collectible Newspaper Market — Growing market for collectors seeking rare and significant newspaper editions.
-
Preserving Historical Print Media — Increasing interest in preserving and showcasing historical newspapers for future generations.
Industry Implications
-
Antique Collectibles — Potential market for antique dealers and collectors to buy and sell historical newspapers.
-
Print Media Restoration Services — Opportunity for businesses specializing in restoring and preserving historical newspapers.
-
Online Auction Platforms — Platforms for buying and selling collectible newspapers, catering to the growing demand in the market.