Last edition of Rocky Mountain News a best seller?
I’ll be the first guy on this blog to admit that I succumbed to the perceived hype about the last edition of the Rocky Mountain News. I had actually forgotten that the paper was printing it’s final edition until I happened into a gas station and noticed people buying news papers. This struck me as odd, because I hadn’t seen anyone buy a newspaper in years. This may be why they went out of business. I bought two, just in case.
Once I take these out of the back seat of my car, I will store them next to the one comic book I own - the one where Superman dies - and my one copy of Sports Illustrated, which I think is related to the Avalanche winning something, but I can’t remember. But, though my knowledge of collecting things is limited, I am pretty sure that part of the value of collectibles is their scarcity. Based on increased demand for their last issue, the Rocky Mountain News decided to print an additional 100,000 copies. This should ensure that anyone who was even remotely interested in having one of these keepsakes would be able to find one easily and without much effort, and also ensure that a single copy had absolutely no intrinsic value.
This morning, almost a week later, I was in the grocery store and noticed a gigantic stack of newspapers, which I actually hoped were not what I thought they were. My hope was in vain. Stacks of the last edition of The Rocky Mountain News sat ignored as they spilled over the top of their little rack. I’m not sure if these are part of the second printing, or if there was a third or fourth printing. Either way, it is quite evident that, once again, the newspaper folks overestimated the demand for their product.
If it wasn’t so sad, it would be almost comical.
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