Market
What it costs to hold wealth in one jurisdiction rather than another, and what the published numbers show once the arithmetic is done rather than quoted.
101 stories
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No-Reserve Classic Car Lots Sold 122 Times Out of 123. Within the Same Model, They Sold for a Fifth Less.
The conversion rate is close to a restatement of the format. The price gap is not, and it is what a seller is actually deciding about.
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South Carolina Caps Boat Sales Tax at $500. Virginia Has the Lowest Rate and the Biggest Bill.
Five states, read from their own statutes. Four cap the tax, so the effective rate falls as the boat gets dearer. The one that does not cap it charges 400 times the…
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The Same $10 Million House Costs $532,500 to Transfer in New York and $70,000 in Florida.
Both figures are computed from the two states’ published rates. The multiple grows with the price, because only one of the systems has thresholds.
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New York City Has Nine Property Transfer Tax Thresholds. Crossing the $10 Million One Costs $100,000.
Five taxes levied by two governments, and not one is charged as a top slice. Every threshold re-prices the whole sale rather than the part above it.
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A Rolex Submariner Costs 3.57 Ounces of Gold Today. A Daytona Costs 9.34.
Two prices read on the same day, divided. The number changes whenever gold does, which is most of what this calculation actually shows.
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Flats Are the Weakest Property Type in All 13 UK Regions. In England They Fell 2.2 Percent While Detached Rose 2.5.
HM Land Registry publishes four property types. The flat is last in every region it measures, including the ones where everything is rising.
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Gold Fixed at $4,336 on 2026-08-07. The Record High Was $5,405, Six Months Ago.
The London bullion market has published a gold price twice a day since 1968. All 14,657 afternoon fixes are free to read, and this is what they say.
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The Top Third of US Housing Lagged the Bottom in 65% of Metros. In the Biggest 25, It Led.
Zillow splits every metro into thirds by value. Read across all 891, American luxury housing is losing. Read across the 25 that matter, it is winning.
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Five Swiss Watches Ask Under $10,000. The Cheapest Is a Third of a Submariner.
The entry point is assumed to be a $15,495 Submariner. Priced on the same shelf on the same day, it is not.
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11 Classic Cars Under $50,000, Ranked by Whether They Actually Sell
Every guide prices them. None publishes the clearance rate, which is the number that decides whether a valuation becomes money.
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One letter a week: what we priced, and the one number that explains it. No advertising, and your address goes nowhere else.
Weekly, Thursday morning