Not sure I agree with this. In the real estate world, for instance, prices are set by “comps,” which are homes that have actually sold. If someone on my block put his/her home on the market for ten times the typical price, it wouldn’t budge prices for the other homes one bit … until it sells for that price.
At that point, it would tend to raise the potential price of the other similar homes. If Mr. High Priced eBay Guy is actually *selling* things at high prices, it will encourage others to raise the prices of their items (or it will encourage buyers to bid more so they don’t get outbid). If he’s just posting his items at high prices while others keep selling the same items at lower prices, it doesn’t seem to me that prices overall would go up. eBay is an free marketplace where people pay what they want to (willing seller/willing buyer). Nobody is holding a gun to anybody’s head to make them pay too much. As a previous poster to this thread suggested, there are many reasons why people pay high prices for something—think about this the next time you buy a single, chilled bottle of soda at the checkout counter for the same price as an unchilled sixpack a few steps away in the store. —Eric N campyonly...@me.com www.campyonly.com www.wheelsnorth.org Blog: http://campyonlyguy.blogspot.com Twitter: @campyonlyguy > On Nov 11, 2014, at 12:56 PM, Anton Tutter <atut...@gmail.com> wrote: > > by setting prices to obscenely high sums, and actually waiting for someone > desperate enough to pay them, he's effectively driving the entire market up -- You received this message because you are subscribed to the Google Groups "RBW Owners Bunch" group. To unsubscribe from this group and stop receiving emails from it, send an email to rbw-owners-bunch+unsubscr...@googlegroups.com. To post to this group, send email to rbw-owners-bunch@googlegroups.com. Visit this group at http://groups.google.com/group/rbw-owners-bunch. For more options, visit https://groups.google.com/d/optout.
