Quote:
Originally Posted by SuckoutKing  You guys are entitled to your opinions on PNY $500 pricing everyone on here is. But, the fact of the matter is NOBODY is selling them. Not here, not on Ebay. You can speculate and hope all you want to get them for $4.50 shipped. Just like I will be waiting til the price of a Ferrari comes down to $30K. So you have to ask yourself how badly do I want them and if that want is worth more to you than the money it takes to acquire them. You will be happy. |
You do realise this argument is completely symmetric, don't you? Maybe I'm biased as I buy more than I sell but I have done both.
Just like "NOBODY is selling them...for $4.50 shipped", nobody is buying them for $10 each. It's as if the price is somewhere in between
. I really don't understand why people get offended by "lowball" offers and then make "highball" offers themselves!
If someone wants to buy it'll probably help to be in the ballpark of the seller's expectations. But equally if someone actually wants to sell then it'll help to be in the ballpark of the buyer's expectations. If you're only willing to sell for $10/chip you're actually saying you don't really want to sell (at current observed prices) and if you're only willing to buy at $4/chip you're saying exactly the same. Perhaps prices will rise to meet the $10 expectations, perhaps they will fall to meet the $4 one. But there is no "right" price* for an item with no inherent "need", only the prices people actually buy and sell for. If someone actually has a monopoly on the item or there is incredibly limited demand then, sure, there's market power which means your expectations can actually set prices. Neither is the case for PNY's which exist in large quantities with many interested buyers.
Regards,
David
Lover...of economics
*EDIT: I realise that it is precisely the illiquidity in the market which means that the market price is somewhat ambiguous. What I meant by this was that as a seller you can't demand $10/chip unless you can find someone to buy and as a buyer you can't demand chips at $4/chip unless you can find someone to sell. If you have the only chips to sell and people want the chips then you have a little more market power (prices you can demand will be higher without competition) but still need willing buyers. If you're the only one who wants the chips, you also have market power but that is a less likely scenario for chip collectors I suspect! But I admit the market is imperfect, both due to lack of liquidity (eg: not many 500's for sale) and "sticky" price expectations (where buyers remember PNYs for $1/chip and expect that and sellers remember times when supply was more limited and expect $2/chip, say).
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