Post AhoYNKzew0CKFnNqRk by glennf@twit.social
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 (DIR) Post #AhoYNKzew0CKFnNqRk by glennf@twit.social
       2024-05-06T01:08:42Z
       
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       A shocking twist!In 2015, £:$ ranged from $1.46 to $1.53 in 2015; in 2024, it’s been around $1.26 so far. Bonham’s sold the edition in $191,000 (in US$). So that was £127,000 that year.If it sold last September for £226,800 in UK£). So £127,000 from 2015 is worth £169,000 in constant pounds (using Bank of England’s inflation calculator). Thus the 2023 price compared to the 2015 is 35% more!Investing $191,000 in market indexes in 2015 netted $350,000 by 2023.https://poorlyrendered.com/@scottearle/112391413127643051