jet_force_juno
Freaked Out
- Joined
- Feb 1, 2009
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- 130
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Prefixes and suffixes... it's like I'm back in my English lesson.
I think the one auction doesn't necessarily set a precedent. Although there may only have been 4 on ebay in the last year, I know of three that changed hands in private deals and all three went for slightly less than the equivalent of $1500. The idea that the seller limited his potential market to the U.S. is a flawed one as I bid on it and I am from the UK. I did, however, have the courtesy to ask the seller's permission first. I would have thought that anybody, from whichever country, that was looking for one would have done the same thing.
Another might be listed tomorrow with a BIN of $600 or it might go to auction and achieve $4000. Either way, referring to market forces, when demand exceeds supply, prices will inevitably go up but then when prices get too high and demand subsides, prices will find their true level and that's when I'll hopefully pick one up.
And there I was thinking that the seller writing in red, bold, underlined "Auction open to US bidders only" meant that he was only limiting it to US bidders. If he was happy to except international bids he could have just said so. He probably changed his mind when the price stunted for a while.
But regardless of that he still got an incredible $2750 for it.
Talking about market forces, your analysis is fair enough when there are plenty of substitutes about. Sure if one manufacturer of butter decides to put their prices up then I can vote with my wallet. But what we are talking about here is a product with high scarcity value and zero substitues (unless two are listed at the same time). This is the reason things go for large sums. Lots of people wanting one, only one available at the time.
I get the feeling that you are slightly in denial about the potential cost you might be expected to pay to secure one for yourself.
Regardless. I do hope you manage to secure one for yourself at some point in the future, be it in a private deal or on ebay.
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