Am I Missing Something?

im saying I’d steer clear if the shop was setting the price ($65 min) and knew they were only worth $30. That to me is poor business practices and I wouldn’t want to do business there. Same as if a car dealer marked a car as twice the MSRP. I wouldn’t deal with that dealer.

if it was an honest mistake or there is something there that I am missing then it’s up to the bidder to determine a fair price and no harm no foul.

 

Log in or Sign up to hide this ad.

IT IS CHRISTMAS TIME!
I ADAMANTLY CONCUR WITH YOUR POST!
GOOD JOB!
I MEAN IT!

 

That is the free market and practiced by any retail entity in a capitalist society. I am sure you have seen sales that are markdowns, going out of business sales, auction houses that do the very same thing, etc. The original price was 3-4 X the cost/value, until the fee market/consumer speaks, with the language of purchasing power.

 

You didn't buy a Corvette in the 90s, then, I guess, or a Shelby in any decade.

 

Nope. Liked the corvette but not worth the money to me (my exercise of capitalist free market). Wouldn’t buy a Shelby just for the name either. I do however like all that Shelby did for the advancement for the automotive industry. I have admired his work on many off-road trophy trucks. If I could afford it that’s where I would pay extra. Would love to do 100+ mph thru the Baja.

 

And don't forget accolades for Tommy Ivo.

 

Yep, TV Tommy

 

I understand what your saying on the free market and practices of retail establishments. I’m a strong supporter of capitalism, however markdowns, sales, etc are typically reductions from previously fair market prices used to reduce inventory and free up capital. The original prices established over cost is a not my issue. The cost of an item is only a fractional part of any sale price. Cost, overhead (rent, labor, etc), taxes all play a part in determining sale price. My issue is when someone or some company knowingly jacks up the sale price 3-4 times the value (not cost) in an attempt to gouge a buyer.

 

Ok. His car would be fun to drive.