Supply and demand. Currently the demand for the chair is high but the supply is still stocked. When the chair is no longer manufactured, it rises in value just like when an artist dies in a sense.
@@marshhy1032 pretty sure the chair came out January this year. when he said it came out last tuesday that was just an expression to show how new it is.
Save the wine for a special occasion, like you said with the wedding, do something memorable with it that you can always look back on and remember having it
@@FreyzPlayz AHHH !! I knew a Josh comment would get a reply lol I love the reactions, keep up the hard work, we all appreciate it. Tell Josh I said Hi 😅
The gold coin Josh and Harry missed was minted under George III, who was the king the American patriots fought the war for independence against just a few years earlier. One of the key issues the precipitated the war was oppressive taxation without allowing the colonies representation in Parliament. King George did this because of debt accrued during the 7 Years War fought in North America against the French and Spanish for dominance in colonizing the continent. That coin is a piece of really cool and significant history!
With the chair, it's £300 now as it's a collectors chair. Anyone buying that chair has money and wants it, so they'll buy it brand new. It's just the demand for the supply as if I tried to sell it for a grand, everyone would say, 'well I could just buy it brand new for a few hundred quid extra'
You tried but you’re way off. It’s a chair. If it’s taken care of , it stays in good shape for a very long time. Also if they’re buying it just as a collector. They’d be going for the lowest price for the newest. That chair is brand new and clearly never used. Was bought for the shoot. Meaning it’s brand new so somebody could just save the extra 300 and now justify getting the chair a little easier. A chair also doesn’t need to be in the packaging to increase in value. So the same rules don’t apply. What you said applys if it’s something held in packaging. Why buy it opened if you can spend 300 extra for it to be packaged and actually increase in value is when it’d make sense
@JbBackFeeble Your thinking about it from a collectable point of view, it clearly isn't that and this chair wouldn't go to auction, it's an entirely different product to everything else in the video. It's a £1,300 single chair from a luxury brand, its a luxury good. Like all luxury goods of this tier, the people buying it are millionaires who couldn't care less about spending that kind of money on a chair. Do you think those types of people buy second-hand anything? No, they buy it new as its a status symbol, they wouldn't go to someone and say, 'hey look at this basic metal chair I bought second hand for £300', it's just a flex for people who know about it. There's a reason they said second hand it's £300, and it's simple economics with demand and supply. It's low supply, so price should be higher, but the demand is so low for it second hand that its £300. Meaning people clearly much prefer buying it new, and only around the £300 mark is where demand increases as its appealing to a wider market. Buying it brand new also adds security to the purchase, if you're gunna spend that much on a chair, you best know it isn't fake, and it clearly can be easily faked (those two are the main driving factors for the price imo. It isn't a collectable, its a status symbol, a luxury good, a £1,300 chair!!!)
@@JbBackFeeble If you're trying to buy something and hold it as an investment you want as few owners as possible on it. If you're expecting it to be 10k way down the line, the extra few hundred of buying a completely new unowned one vs buying a top quality but pre owned one is gonna be less than the difference in a high quality but multiple past owners chair vs a single owner chair.
52:03 guitars will say "Vintage" on them because they're a new model, having been made within the last 10 years or so, but based on an old model, usually from the 50's or 60's. I have a Fender guitar that was made in 2019 that I bought for $500 but it looks *identical* to a 70's Fender besides the "Vintage" print on the headstock. That 70's guitar would be like 10 grand if in the same condition as mine, but mine will never be that much, simply because it's based on that old model and not the real thing.
I don’t remember seeing the headstock but if it just said “Vintage” in a similar font to Fender then it’s actually a cheap brand called Vintage, seeing as the other guitar was an Encore then that’s likely as Encore are cheap budget guitars too. 😂
concept is funny because they have to pick only 10 items but as a bin in whole they would easily break profit through scrap metal- bootfairs - ebay etc
I watched this with my mum and both of us picked up on the music box and pieced together a story. We think the guy was clearly someone who loved his music, perhaps someone who grew up in the 60s and 70s given his taste in instruments and records. But this doesn't seem like just a music (and porn) stash because there's really specific home items in there (like the sugar jar and hoover) as well as a walker/shopping trolley thing. So we thought perhaps this is all the stuff the guy owned in his house before he went into a home and couldn't take all this with him
Great video but there was way too much planted stuff which took away a lot of the authenticity. The Lego and the chair came out a like month ago and no one would leave a bunch of relatively new $10 bottles of wine and one random $1300 bottle of wine in a storage unit. The gold coin and the coke can were also planted.
Obviously the crew had to plant some stuff, most people would not leave anything super valuable in an abandoned storage container. But the boys don't know what's in what box so it's all the same at the end of the day
If they didn’t plant anything then it would have been boring, they very easily could have ended up with no good containers or items or very few and just loads of random peoples junk.
the chair beeing a good investment is already priced in into the original price, wich means you buy a 300 Pound chair for 13000 because you expect it to be even more worth in the future. The only thing to learn out it this is to not buy brand or designer pieces brand new. Retail prices are made up bullshit
I like the way you thinking. Take that bottle of wine to the wedding and down half each at the same time....might throw up after but it ll be a together thing with a bit of sidemen lore sprinkled on and good wine...whats not to like about it
Freya, do not drink that wine! They sell bottles of 1990 bordeaux for 8,000 (Which were rated lower than YOUR WINE) - Meaning that by 2040 that wine will be worth around £10, 000 (That is not including inflation, the way life is going at the moment, with inflation that wine could be worth £25,000+ in 2040). £40,000 in 2050 (Possible wedding gift for one of your children).
Any art goes up in value when the designer is dead, they can't make more of them, and what remains mostly damages and becomes rare, you can't have a new Davinci painting if you could it wouldn't worth this much.
The only thing that would've made this video better was if the items in the storage unit were not staged, regardless still one of the better sidemen videos in a while big W. Edit: Out of all the units, even though JJ and Vikk lost, the music guy's box was the best one to get (well except for all the corn)
@@rocketduck44 Oh i dont doubt that those were planted im talking about a good majority, it would of been more boring if every storage box looked the exact same which they often do but im glad at least half likely 6/10 were legit
Most likely they did because most storage units don’t have anything worth of actual value so like the can soda unit they literally planted that there and when tobi and Simon missed the signature Coca Cola can they moved on because the rest was crap. So I would imagine most would be like that with maybe one unit containing a few things worth recording for a video
I get it. It really did feel like a bunch of stuff was planted but tbf most of those storage containers have shit in them that’s only valuable to the person who has them so they needed to plant stuff to make it interesting. Like the coke can unit only had what I’m assuming was the signed can planted and the rest was the shit stuff that was in that unit. They didn’t see the signature and hence they moved on. So I don’t particularly care because I know most are so bad but I get the sentiment
