LoveBoat Reacts to 'Rare Items'

hold your items how's your collection coming along well i don't mean to brag but it's pretty today on september 30th 2010 valve released an update to their flagship online multiplayer shooter team fortress 2. nobody realized it at the time but this update would go on to be so influential that it arguably transformed the core business model of the gaming industry for the following decades team fortresses update introduced what was then a radical contract okay players can now purchase cosmetic items through in-game micro transactions but more importantly they can now trade those items among themselves almost overnight the update ignited a robust free market economy of virtual items and no items were more valuable than unusual hats valve would go on to make a fortune off of tf remember trading bonanza an outcome that would ultimately convince them to make the game free to play less than a year afterwards and despite the variety of items for sale on tf2 storefront the bulk of valve's revenue would come instead from what you couldn't purchase yo yo yo break it down break it down for those crates in the very same update valve introduced the gaming industry's original loot crate an unlockable mystery box with a one percent chance of granting the player an unusual this is so comically ostentatious that they would instantly catapult you to the center of attention on any server you joined i mean that's dual controls were desired by all but obtainable by few the only way to get your hands on one was to spend hundreds of dollars on boxing or to trade with someone who spent hundreds of dollars in jesus naturally this meant that unusual hats didn't come cheap the most coveted hats and particle effects started to sell for thousands and eventually one item ascended to the holy grail of tf2 trading the burning flames team captain the only tf2 item to consistently sell for five figures ever since this hat was added it is supreme as the single most desirable item imagine playing 10k plus for a [ __ ] hat in abundance in tf2's economy only 18 burning flames team captains exist if you happen to be in the market of obtaining one it's gonna cost you a pretty penny most of you watching are probably recoiling in disgust at how much someone would be willing to pay for a virtual item that you didn't even know existed 20 seconds ago why would somebody spend 60 on a bunch of worthless pixels well conceptually unusual hats are nothing new it turns out that plenty of people are willing to fork over a lot more than 16 grand on items that the rest of us would consider worthless yeah but it's a [ __ ] it's pixels dude and it's not even that like worth it's not worth anything a few years after bringing the joy of crates to tf2 valve decided to double down on this business model in their newest shooter cs go this game took tf2's economy and put it on steroids compared to unusual hats 2 degrees of variation cs go weapon skins may differ in quality wear kill trackers and stickers which greatly influence the item's overall value ideal versions of all these variables can drive the prices of top cs go items into the six figure mark the most expensive item ever sold in the game incorporates an additional variable of rarity the ak-47s case harden skin is far from the most expensive on average however pattern number 661 is prized by collectors for its uniform blue top in addition to this one in a thousand attribute an ak-47 with minimal wear a stat tracker and four csq is like one of the only games i've spent like actually dollars earlier this year jesus but the most valuable item in all of cs go is speculated to be another case-hardened weapon the factory new pattern three seven blue gem karambit this is the only game i spent like decent money on crates out of the nearly one billion tonight ever unboxed in cs go the factory new blue gem is the only one of its kind today some traders appraise its value at three quarters of a million dollars if you're not interested in dropping the value of a house on a bunch of pixels then perhaps you'd rather put that money towards a three inch piece of paper before the age of virtual cosmetics trading cards were the epitome i'm sorry 750 grand you can buy like two houses with that much money you can buy a house and a [ __ ] rolls-royce with that money dude what items that could potentially cost a fortune last year famously saw an explosion in the pokemon trading card market in december a first edition shadowless holographic charizard card sold for a record 369 000 one of only 122 copies in pristine condition that record was broken three months later in february of this year when a pikachu illustrated of the estimated 24 billion pokemon cards in circulation only about 40 pikachu illustrators are known to choose magic the gathering predates the pokemon trading card game by three years giving collectors a bit more time to salivate over the game's most exclusive finds magic's holy grail is the infamous black lotus the single rarest part of the game's original release earlier this year a signed black lotus from the game's alpha set sold at auction for more than five hundred thousand dollars damn while the market for magic and pokemon cards have had around 25 years to develop sports trading cards have spent the past century rising in value in 1909 the american tobacco company was ready to release their t206 baseball card series which they distributed in packs of cigarettes however prior to the sale pittsburgh pirates shortstop onus wagner revoked the rights to his likeness forcing the tobacco company to remove his cards from circulation [Music] as few as 50 wagner cards were ever distributed to the public into the 1930s the t206 wagner had already become the most expensive baseball card in the world selling in 1933 for the present-day equivalent of a thousand dollars in 1991 one of three remaining mint condition wagners was acquired by hockey grade wayne gretzky for nearly half a million dollars in 2016 wagner was sold for 3.1 million record stood until just last year currently the most expensive baseball card is a psa grade 9 mickey mantle rookie card which sold for 5.2 million this past january holy however after nearly a century of dominance in the card collecting market baseball cards look to soon be surpassed by basketball cards in value in april of this year a one of 23 autographed lebron james rookie card tied for the record of 5.2 million dude you are like a fry cook legend will you sign my spatula autographs provide collectors with a much more personal touch to their prized possessions the value of autographs vary wildly depending on its signee but the most valuable ones typically belong to figures who are no longer capable of producing them in 2017 an autographed copy of albert einstein's iconic tongue photo was down 125 000 that's it 2018 a baseball featuring 11 signatures from the sport's original hall of fame inductees sold for more than 600 thousand some autographs can derive their value from the macabre on december 8 1980 mark david chapman would receive an autograph from john lennon moments before assassinating him 30 years later that autographed album would sell for 850 000 however by far the most expensive autographs are forced out of time the signature of 16th century poet william shakespeare has only been identified on six surviving documents today it's estimated that a shakespeare autograph would sell for up to five million dollars the most expensive autograph ever sold belongs to george washington whose personal copy of the constitution was purchased for nearly 10 million in 2012. autographs are a form of memorabilia objects and souvenirs prized for their close association with illustrious people and events sneakers have been one of the most popular forms of memorabilia to collect ever since the meteoric success of nike's air jordan brand in the 80s in 2020 an original pair of jordans worn by michael jordan himself sold for sixty 560 dollars that is one of the most expensive sneakers in the world of course the decades-long supremacy of the air jordans have recently been challenged by kanye west's yeezy brand and in april of this year an original pair of yeezys worn by kanye at the 2008 grammy i remember this 1.8 million yeah i know about this memorabilia from the most prestigious athletes and artists can fetch a hefty price but by far the most expensive memorabilia belongs to the whimsical world of cinema darth vader's helmet from the empire strikes back for just under 900 thousand in 2019. marilyn monroe's iconic white dress from the seven year itch sold for 4.6 million but the most expensive the most recognizable symbol from the most beloved movie of the 20th century was listed at a price of 6 million in 2018. embody jesus characters more so than any other type of memorabilia vehicles end up edging them out in price james bond's aston martin db5 from gold fingers over 6.4 million possibly the most expensive piece of memorabilia ever sold was the general lee from dukes of hazzard selling for a whopping 9.9 million dollars when we come back look at what lies beyond the eight-figure mark that's mind-blowing [Music] and just a moment ago here's what's happened a fan somehow gets out of the uh infield area comes out on the track and is trying to get man kenza's autograph oh god me all the time emp how can you afford all of these exceedingly rare and special items well everyone where i get my money isn't important what is important is where that money doesn't go paying some stupid bank a bunch of unnecessary fees current is looking to change the face of mobile banking and this card represents your ticket to access more of your money faster with current you can stop throwing away your hard-earned cash on hidden fees and put that money towards something useful like expensive collectibles the premium card comes with no minimum balance requirement and up to a hundred dollars in overdraft protection ripped off by atm fees current lets you access over 40 000 free atms across the us which can come in handy whenever you find the next hidden gem in the wild earn points towards cash back on you almost so you can finally get in on that auction before it expires wow dot com slash to sign up for your premium card today and in less than two minutes you could be on your way to owning that sweet 1969 dodge charger from dukes of hazzard while the general lee may be the most expensive piece of memorabilia it's far from the most expensive automobile lamborghini is one of the most recognizable exotic car brands for average joes to daydream about a new lamborghini aventador will set you back around just over a 800.000 units being produced each year yeah that price is about 10 times less than lamborghini's most expensive model the veneno only 12 of which may know the public elite car collectors a typical lambo might as well be a toyota corolla it's seven o'clock in the morning and elon musk anxiously waits for his golden payoff i expect to receive i remember this car that i've just bought which is called the mclaren he bought a mclaren point yeah the mclaren f1 set the record for the fastest top speed reached by a production car and has been prized by collectors ever since oh a beautiful car including special variants only 71 mclaren f1s were ever sold to the public interesting sales of the model are now approaching the 20 million dollar mark the most expensive supercar right now is the ultra rare pagani sauna hp barcata that is listed at a price of 23.5 million that is a beautiful however the title of the most expensive automobile in the world belongs to fellow italian automaker ferrari in 2018 the 1963 ferrari 250g sold for 70 million truly showing that old money still reigns supreme in the automotive world while car collectors have existed for over a century stamp collectors date back even further the first postage stamps were issued in the 1840s by the british government in 1856 a shipment of stamps to british guyana was delayed forcing the postmaster to issue an emergency batch as a temporary replacement the provisional stamps were then distributed and quietly forgotten until 17 years later when a young boy discovered the unusual one-cent magenta octagon on one of his uncle's old letters the boy would end up selling the stamp to a collector for six shillings that stamp would go on to become the only surviving copy of the british guyana once and magenta today it is worth over 9 million dollars and to the 16 stamp collectors in the world no other piece of postage is more valuable if stamps are one of the oldest fixations that's crazy coins may be the oldest evidence of coin collecting dates as far back as ancient rome one of the most infamous events in roman history was the assassination of julius caesar two years after usurping the throne brutus had several coins minted to commemorate himself literally getting away with murder 2062 years after its creation brutus's gold coins sold for over 4 million the most expensive coin ever sold happens to be another gold coin the last gold coin ever minted by the us treasury in 1934 president roosevelt issued an executive order outlawing gold coins from general circulation the treasury was ordered to destroy all 450 000 newly minted 1933 double eagles however a few dozen were illegally rescued and distributed to collectors over the next several years the federal government located confiscated industries i remember all the remaining copies only one double eagle acquired by king farouk managed to evade apprehension today that lone coin survives as the only 1933 double eagle in private possession in june of this year the coin was sold for nearly 19 million dollars more than 900 000 times its nominal value see anything you like yeah i'll give you a buck 50 for this umbrella a buck 50 for that but it's an antique if you keep something in good condition for long enough it will eventually be worth a fortune antiques provide a treasure trove of rarities and have accounted for some of the most expensive collectibles ever sold action comics number one marks the beginning of the superhero genre in pop culture after selling for just 10 cents apiece in 1938 a mint conditioned copy of the original superman is now worth more than 3 million dollars in the 17th and 18th century the stradivari family built string instruments which became world renowned for their unmatched sound quality in 2008 a stradivarius cello sold for 20 million dollars becoming the most expensive musical instrument in the world it is kind of crazy that this was the most recognizable figure of the 15th century it would eventually become the most expensive book in the world in 1994 microsoft co-founder bill gates purchased leonardo's codex leicester for more than 30 million dollars unofficial most expensive antique ever sold was this 18th century ching dynasty vase selling at auction for absolutely dollars it's at this point between antique and artwork starts to blur approaching the nine figure mark we are beginning to enter the highest echelon of selectability yes fine art for centuries expensive artwork has served as an enduring symbol of high class society for those who are so disgustingly wealthy that the concept of dollars and cents has practically lost all meaning fine art has often acted as the final frontier of what money can buy currently alberto giacometti's pointing man is the world's most expensive status i've literally never heard of him to a collector for 141 jesus christ consider jewelry to be art then the prices become even more staggering the infamous hope diamond necklace has been valued as high as 350 million dollars and is generally considered to be the most expensive gem in the world some sources claim that the title actually belongs to the cullen in one the largest colorless diamond ever cut part of the british royal family scepter it has been valued as high as four hundred million dollars that is that's still not as much as the most expensive privately owned painting leonardo da vinci's salvador moon i mean if you want to knock them out is owned by any individual of course the most expensive painting in the world is another leonardo da vinci work the winky the most famous painting in human history a work of art who painted the mona lisa mona lisa the vinky defies private ownership the mona lisa is technically property of the nation of france and resides on permanent display at the louvre it has an insured value of over 800 million dollars equivalent to the gdp of samoa beyond jesus appraised items anything more valuable starts to enter the realm of pricelessness certain items are deemed so anthropologically important that they transcend collectibility and ownership it's possible that ancient artifacts like the rosetta stone may be more valuable than the mona lisa but we may never know if it really is yeah it's insightful to discover the point at which we stop pricing items based on what we know about how older objects continue to become significantly rarer and more expensive then this 40 thousand year old flute made out of a mammoth tusk should intuitively be one of the most valuable items in the world however the mammoth flute has substantially less fanfare than a stradivarius violin makes no sense being a hundred times older it makes an assumption may reveal what exactly it is we find valuable about collecting rare items welcome to the batcave this is the guinness world record batman collection the act of collecting is far from rare at least a third of americans collect something when i was a kid i used to collect 1 64 scale diecast i looked at hot wheels and i can truly say that it was one of the most satisfying and rewarding hobbies i've ever participated in i had so many houses why exactly do so many of us find collecting so rewarding the psychology of collecting is not very well understood but our obsession with rarity may result from our brain's innate desire to seek extraordinary the modern day activity of collecting is largely a manifestation of foraging for food in prehistoric times for our early ancestors discovering novel and unique forms of sustenance meant a better chance at survival thus our brains adapted to release dopamine whenever we are presented with new extraordinary items obtaining food is no longer the satisfying challenge that it once was and present-day collectors may be attempting to recreate the rush of discovering a new berry in the wilderness the subconscious desire to recapture our forging roots may be but a microcosm of a far greater desire to recapture our tribal roots today we live in a very alienating society a far cry from the tightly knit clans which our ancestors occupied when we spend 400 million on a painting or 9 million on a stamp or 150 000 on a virtual gun we are not just buying a rare item in many ways we are buying into the community that comes with owning another item and that that's not that's what i think about it it's like i think it's so dumb that like when i think about like buying this like useless like [ __ ] for like 800 million dollars it's like there's no point in doing that but the fact that doing that is a community thing and you you get like put into this community of people and now you're like accepted it like loops it's like a cycle it's like well this thing makes no sense to get but if i get it then i'm in this community of people that hit these things that don't make any sense so it's like it makes no sense but it does at the same time i mean in prehistoric times was as much of a social event as it was a day-to-day task it provided people with constant opportunities to demonstrate their usefulness towards their peers foraging allowed people to feel valued by the community around them we now live in an era where the average person has arguably never felt less valued for many joining a niche subculture is their only way to rekindle feelings of esteem and belonging for collectors it's a matter of finding a unified culture one which truly triggers their ideals and motivations this may help justify why a 400 year old violin is so much more desirable than a 40 000 year old flute yeah when an item becomes too old it loses the cultural relevance that makes it so compelling to us people don't necessarily pay nine figures on an original da vinci because it's centuries old i said that he said it's da vinci pleasing what they are truly paying for is a slice of what da vinci represents they want to attach themselves to the prestige that leonardo da vinci's name carries people admire da vinci michael jordan superman maybe if we own an iconic piece of them we can be admired too while the impulse to collect once helped us gather survival this guy's monotone which many are now finding more scarce than food water and shelter for some collecting rarities is the first step in connecting with others and engaging with an exclusive culture the rest of us may consider it a waste of money but for certain collectors belonging to something meaningful is worth every penny in addition to belonging collecting may be attempting to account for another aspect many find sorely lacking from modern society autonomy with each passing year the world around us gets more complex more chaotic and more unpredictable you can't go a few moments without discovering some new threat that you didn't even realize it was possible to worry about after a while it all starts to become overwhelming and most of us end up feeling more and more like riders on the storm collecting may be one of our most effective psychological mechanisms at reclaiming autonomy in the face of chaos and uncertainty cultivating order out of so many disparate objects can help anchor us to a more stable state of mind in this sense collecting may serve as a therapeutic activity especially for those who've experienced trauma it's no wonder why the recent explosion in collecting occurred when most of us were in lockdown i mean if you got the money you might as well right never felt more likely and isolated no matter the reason we collect rare items it's clear that many of us are far better off because of it and if the past year has shown us anything it's that collecting isn't going away anytime soon in the time i've been working on this video several of its records have already become outdated the future of collecting is more exciting than ever before following the advent of cryptocurrency and digital assets oh no come on tokens have spawned a whole new genre oh my god in june of 2017 creative studio larva labs released a limited supply of i knew it was coming for free on the ethereum network each punk was algorithmically generated to have so [ __ ] disgusting with about 100 spawning with a special classification of zombie ape or the rarest of all alien in march of this year one of the nine alien crypto punks sold for 7.6 million dollars becoming the most expensive nft ever sold one day later digital artist beeple would shatter that record with his composition every days a collage of all 5 000 images that he published over a time span dating back to may 2007. the everyday i know this guy was purchased for over 69 million dollars about eight percent the value of the mona lisa wait i i know i follow him on twitter fourth is pixels boy yeah that sounds that doesn't seem like much anymore that's crazy though dude good video man i liked it all right guys make sure you screenshot those uh nfts so we can piss them off you

Channel: LoveBoat

Views: 153

Keywords: reaction, react, reaction channel, funny reaction, english reaction channel, english reaction, reaction video, first time reaction, teens react, react channel, youtubers react, reactions, funny, best reactions, loveboat, internet videos, internet, viral videos, xqc, streamer, twitch, rare items, rare items worth money, rare items to look for, rare, top 5, top 10, nfts, things to collect, rare collectibles, high value, collectible, collectables, extremely valuable items, emplemon

Id: SMxsHEe9VqY

Length: 26min 24sec (1584 seconds)

Published: Fri Dec 24 2021