Re: [FWDLK] Price insanity- follow-up

I also agree with both Wayne and Tony. The problem with some of these vendors is that if they can get 700 once, they think they should get 700 everytime. But there are very few buyers in the stratosphere, and once they have blown their wad, the price will come down to something affordable. Especially when the supply is unlimited.

I saw something like this a few years ago. A relatively common dash trinket usually went for $3 at swap meets. The first time it appeared on eBay, it went for over $50. My guess is the bidders never spent time at swaps and thought the part was rare. The next went for $40. Then a few at $20+. Everybody jumped on the bandwagon with starting bids or buy-it-now around 20. I thought I would join the stampede. I asked a vendor at a swap meet how much for one from his carton of 10. He said “if you want one, take it”. I guess he was tired of carrying them around for years. But by then, the market was saturated. Most didn’t sell on eBay anymore.

Dave Homstad

56 Dodge D500

56 Dodge convert

-----Original Message-----
From: Forward Look Mopar Discussion List [mailto:L-FORWARDLOOK@xxxxxxxxxxxxx]On Behalf Of Anthony C. Boatman
Sent: Friday, April 20, 2007 10:25 AM
To: L-FORWARDLOOK@xxxxxxxxxxxxx
Subject: Re: [FWDLK] Price insanity- follow-up

I agree with Wayne on this: everything is worth the price someone is willing to pay for it. As long as some people with more dollars than sense are willing to pay upwards of $500 for floormats, he should take the money and run.

In my other hobby, collecting political campaign buttons, the same rule apples. Last month I paid $275 for a William Jennings Bryan campaign button because it was fairly rare. Most people would think I’m nuts, but in three years it will be worth twice that.

Tony Boatman

Boise, Idaho

57 Dodge CRL D-500

69 Barracuda Convertible

85 Bitter 3.9 SC

From: Forward Look Mopar Discussion List [mailto:L-FORWARDLOOK@xxxxxxxxxxxxx] On Behalf Of Wayne Graefen
Sent: Friday, April 20, 2007 7:42 AM
To: L-FORWARDLOOK@xxxxxxxxxxxxx
Subject: [FWDLK] Price insanity- follow-up

We're having a good discussion here on this topic. But I may need to make one thing perfectly clear re. my original post.

I have NO disagreement with the seller of these floor mats. He has likely had to put out a very significant amount of real paper dollars to get his first quantity of these mats made and the majority of that was to have molds machined from which they could be produced. The auction format is an outstanding vehicle to get them to us the buying public. His starting price is extremely fair and he has no guarantee of how low bids will stay or how high they may go. This is American capitalism at its best; the greatest form of business the world has ever seen. Risk your own money in the market place and reap the results of your decision to take that risk whether good or bad.

My entire gripe is with people who are absolute fools about the paper in their wallet. And then there are those hundreds if not thousands of Ebayer's who have no concept of how auctions work and bid for the pure fun of bidding and have no intentions whatsoever of ever paying that bid if it wins. I've had it happen to me.

Wayne