Archived posting to the Leica Users Group, 2001/08/18
[Author Prev] [Author Next] [Thread Prev] [Thread Next] [Author Index] [Topic Index] [Home] [Search]At 06:31 PM 8/17/2001, you wrote: >At 04:28 PM 8/17/01 -0500, Bill Satterfield wrote: > >Prices on eBay are sky high, not realistic and do not reflect the market >value > >on Leica items. > >Since these are Leica items and these are the listed selling prices, these >do represent fair-market values. Gresham's Law works here, as it does in >every case: if a seller determines that he can sell a used R8 for, say, >$1300 on e-Bay, why sell it elsewhere for $900? Definition of fair market value: When a buyer is williing to pay what the seller is asking. If the buyer pays more for an item due to his lack of shopping diligence, that's his problem. If a seller cannot sell an item due to it being overpriced, that's his problem. Nothing makes a buyer pay too much except his own desires; nothing makes a seller overprice except his own desires. Free market economy at work for you :) Bargains CAN be had on ebay. But it takes diligence and not a little self restraint. - -- Craig Zeni - REPLY TO -->> clzeni at mindspring dot com http://www.trainweb.org/zeniphotos/zenihome.html http://www.mindspring.com/~clzeni/index.html This sig. line sanitized for your protection.