Capitalism At Work: Twinkies Soar On Ebay
The invisible hand at work once again as fat-fingered demand dominates union-stifled supply... $8,000 for a single Twinkie... and other offers... It seems, once again, that there are more than a few greater fools who still have no idea just how the bankruptcy process works... will Twinkies be rebranded Bimbettes?
and Via Mashable:
Here’s what’s currently up for sale and bid on eBay:
- For a price of $89.95, three boxes of SEALED Box of Hostess Chocodiles 3×10 Chocolate Twinkies
- For a price of $99.99, four boxes of SEALED Box of Hostess Chocodiles 4×10 Chocolate Twinkies
- For a starting bid of $500, one Box of Twinkies; Unopened
- For a starting bid of $10, and a price of $595, a box of 10, opened and half-eaten
- For a starting bid of $5,000, a single Twinkie
- And finally, for a starting bid of $10,000 … a box of Twinkies (one of the last boxes that will be available, its seller helpfully notes, before the Zombie Apocalypse)
There is, however, a small problem for all those hoping for a collectible value on Hostess products after today, and lifting these ridiculous ebay bids: Grupo Bimbo, who wanted to buy Hostess outright in 2006, will almost certainly buy the various now defunct trademarks in a Stalking Horse liquidation auction, and will absolutely continue making them (as we discussed here) collapsing any residual value as Twinkies will be found, in the same identical box, in a grocery store near you.
Sadly, having zero understanding of the bankruptcy process never stopped Americans from making decisions: such as taking one's words for what would happen to America's auto industry had contract law not been inverted several years ago and it the car companies had "failed."
(h/t Dominic Chu)