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Auction house sells 1830 Book of Mormon in 3 minutes
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Did you even read the article? The buyer "plans to wait a year, then sell the book; he expects the price by then will have risen to $125,000."
It was not lost, nor wasted.
The buyer and seller traded value.
The buyer will improve the book and keep it safe for someone else enjoy.
Like the money that will be spent on 'cures' for Gore-bal Warming, those dollars will be cycled through productive people many times, benefitting many people (and paying a lot of taxes, too).
Feeding poor children can be a good use of money, too, and will be recycled. How would you have spent it? How would you choose who got to go to college?
It is so easy to feed children with other people's money. If it is a concern to you, put up $90k and I will make sure it is spent properly. That is the problem here....if a person earns the money, they can spend it any way they wish. Go earn it and do likewise. But, be quiet about your charity...nobody likes to hear the sounding brass and the tinkling cymbals. It makes us feel badly that we were not so rich as you are. (Actually, we don't even care--just trying to make you feel good about yourself.)