Archived posting to the Leica Users Group, 2004/11/24
[Author Prev] [Author Next] [Thread Prev] [Thread Next] [Author Index] [Topic Index] [Home] [Search]Yup, and that fool made it worth exactly $3,000. It may be stupid...much about economics certainly is...but it is true. Buzz Hausner > > From: Dan C <bladman99@yahoo.ca> > Date: 2004/11/24 Wed PM 01:18:50 EST > To: Leica Users Group <lug@leica-users.org> > Subject: Re: RE: [Leica] Leica Noctilux 50mm f/1.0 > > 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.