Archived posting to the Leica Users Group, 2004/11/24
[Author Prev] [Author Next] [Thread Prev] [Thread Next] [Author Index] [Topic Index] [Home] [Search]I disagree. The worth (price) of an item is based on a marketplace fed by perfect information , where the demand balances the supply (ebay is a close approximation). If the market deems a lens to be worth $1500, but I trick someone into paying me $3000, the lens isn't worth $3000. It's just what some fool has payed for a $1500 lens. Unless it is a one of a kind thing, but there are enough Noctiluxes out there to make a real market. And new ones can be bought; if I find someone willing to pay me 1000 more than the new sticker price from a dealer (because perhaps he isn't aware that they are still available new), does that mean the lens is worth that? -dan c. At 01:01 PM 24-11-04 -0500, buzz.hausner@verizon.net wrote: >Actually, if some person is willing to pay US$3,000.00 for the item, then that IS what it is worth. Economics one-oh-one. > >Buzz Hausner > >> >> From: Dan C <bladman99@yahoo.ca> >> Date: 2004/11/24 Wed PM 12:47:30 EST >> To: Leica Users Group <lug@leica-users.org> >> Subject: RE: [Leica] Leica Noctilux 50mm f/1.0 >> >> What the buyer decides it is worth depends on the information available to >> him. Just because a buyer is willing to pay $3000 for an item doesn't >> mean it is worth that, if he's under the mistaken idea that $3000 is what >> people in general are willing to pay. > >_______________________________________________ >Leica Users Group. >See http://leica-users.org/mailman/listinfo/lug for more information >