beatledog7
Member
LemmyCaution said:Let's say the panic subsides, and M&P15 Sports are again selling for $600-700. Is the one in the shop going to still be marked at $3000 (reflecting the dealer's supposed acquisition cost), or is it going to drop back where it was the day the shop owner took the $650 tag off and put on the $3000 tag?
Are you suggesting a profit margin cap? That's about a step short of total (aka Government) price controls.
There's nothing that says a seller can't strive for maximum margin on items he sells. In fact, that is exactly what he should do. If it's marked above what the market will bear, he either marks it down or accepts it into permanent inventory.
If you had an item to sell on eBay, and the price escalated to way over what you thought it would bring, would you contact the buyer and have him send just the amount you thought you'd get? Or would you happily take the money that the item was considered to be worth by that buyer? If you say you'd take that windfall, you're just like the guy with the M&P15. If you say you'd discount the item back to a price based on your acquisition cost, you're nuts.