Frank Traut wrote:
> Hawk wrote:
>
>>
>> Fair market value = what someone will pay for it...you are obviously
>> unwilling to compete with others buying items in the same market so
>> you end up losing out on the item.
>
> Since when did one individual = a market? And competing? Being sniped at
> the last second by an eBay dolt with a faster connection (or happens to
> be around while the auction is ending) is not competition. This has all
> been discussed in great detail before. People getting caught up in the
> "heat" of the moment with their eBay crux does not constitute a
> legitimate 'fair market value'. MANY of the over-the-top ridiculous
> auctions are not even being followed through. Look at all the relistings
> these days.
>
On ebay...you may get lucky...you may have serious bidding competition.
The market in this case would be comprised of all of the interested
parties that took interest in that item at that particular time.
The market for anything works like that...the number of products for
sale and the number of buyers is in constant fluctuation.
Sniping wouldn't happen to anyone if they put in a high enough bid in
the first place. Placing a high initial bid in the first minute of the
auction can get you the item every time. You can have 14.4 dialup
internet access and win auctions every time if you are willing to put up
a large enough bid to start with.
Your complaint is that you want a bargain deal every time. If you wan't
the deal...you have to work for it by watching for other instances of
the same item, going through multiple auctions, etc.
People getting caught up in the "heat of the moment" is perfectly valid,
as they want the item bad enough to keep upping their bid. Again, you
are pissed because you can't get a "steal".
You see an item sell for $20 in an auction and scream bloody murder if
any similar items ever sell for more. Each auction is unique and can
have its own characterstics. Each auction reflects the will of the
buyers and sellers at that particular instance in time.
> On topic and to further prove my point... I know a realtor here in town
> that sold a house to a couple that saw that the previous owners had a
> Pac-Man upright in his basement. The owner did not want to sell it, but
> ended up writing it into the offer of the house for $10k more!! <true
> story> Does that mean all Pac-Man uprights are now worth $10k because
> somebody had more dollars than sense? If so, I currently have an
> original Pac-Man upright that has been modded to play 96 different
> Pac-type games I'd love to sell for $10k ;-) Any buyers out there?
> After, that's currently the "fair market value", right? Mine should be
> "worth" more since it plays 95 more games than theirs. Hmmm.... maybe I
> should take this to rec.games.video.arcade.marketplace ;-)
If the people were willing to pay 10 grand for a pac-man machine that is
their prerogative. It means that in that particular instance it was
indeed worth 10k with that particular buyer and seller. There are many
different frames of reference for a market. You could have a local
market in a neighborhood, city, state, country, world, internet, etc.
You have this tendancy to think that everything should automatically be
cheap...just because someone else got a good deal once. The world
doesn't work like that.
It is your right as a seller to hold out for $10k for your machine, just
be prepared to wait a while for the right seller. It may take you 20
years to get it...but its possible that you might. Otherwise if you
want to move it quickly...you may have to be more flexible on the price.
Just admit it...you want to get a "steal" every time. There is nothing
wrong with that, but on the flip side there is nothing wrong with a
seller getting the highest price they can either.
(*>
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