Buying an item, then reselling for a higher price - wrong or thats life?

The Dom

SAUSAGES!!

The Diabolical Monocle

Hmmmm ... in this case I think a moral exception can be made.

Bunch of little Eric Cartmans prepared to fork out whatever it takes to have the newest toy first.

They're in the same category as the overnight iphone 5 queue assclowns, I dislike such behaviors and so their suffering pleases me - in every bit the schadenfreude sense...but still totally worth it.

Let them pay.

_Redzer_

Nothing at all wrong with it. The people who are searching everywhere for it now are the ones who didn't pre-order it months ago to guarantee it. It's their own fault for not thinking that far ahead, so yeah, they can sell it for whatever they want really. They're not in a position to complain.

bigron2109

Don't like it at all, and i especially hate it when it comes to tickets. Genuine fans are losing out because of people who buy tickets and sell them over face value.

Killer Wench

As I see it, I blame the people willing to pay that for a console. Frequently, people moan about how the younger generations are much more self-centered and spoiled than previous generations; I imagine it might be due to willing to pay double for a game just so little Johnnie can open it on Xmas day.


Of course, are plenty of adults who buy them for their own enjoyment. They seem to be going after the "I got it first!" badge.

Paramite Pie

"Everything is worth what it's purchaser is willing to pay for it."

That's a quote from nearly 2,000 years ago, and it's still relevant today. I just hope those who buy the marked up item on ebay can afford to pay that kind of money.

The Diabolical Monocle

Paramite Pie wrote: »

"Everything is worth what it's purchaser is willing to pay for it."

That's a quote from nearly 2,000 years ago, and it's still relevant today. I just hope those who buy the marked up item on ebay can afford to pay that kind of money.

What if they want to buy your brain.

If they bought your brain you wouldn't be able to spend the money cause you'd be dead.

That means you won't sell it - which means its priceless. So no matter what the purchaser is willing to pay for it - its not worth it.

Which breaks the meaning of the saying, incidentally you've damaged your brain by reading this ... that means depreciation - give you a tenner.

Capt'n Midnight

Everybody hates scalpers / touts.

A fair markup is fine, but gouging because of an artificially created scarcity

Sulla Felix

The Diabolical Monocle wrote: »

What if they want to buy your brain.

If they bought your brain you wouldn't be able to spend the money cause you'd be dead.

That means you won't sell it - which means its priceless. So no matter what the purchaser is willing to pay for it - its not worth it.

Which breaks the meaning of the saying, incidentally you've damaged your brain by reading this ... that means depreciation - give you a tenner.

Don't be so quick. People sacrifice a lot for their families, arguably their health in some cases.

Artful_Badger

People will say there's nothing wrong with seeing an opportunity and making a few quid, buyers choice, supply and demand etc etc.

But if Microsoft themselves were charging 1k for 500 quids worth of console in the first few weeks it was released because they knew people would buy it they'd be called the scum of the earth thieving bastards.

So which is it ? Wrong to charge as much as you can get away with or not ?

_Redzer_

Artful_Badger wrote: »

People will say there's nothing wrong with seeing an opportunity and making a few quid, buyers choice, supply and demand etc etc.

But if Microsoft themselves were charging 1k for 500 quids worth of console in the first few weeks it was released because they knew people would buy it they'd be called the scum of the earth thieving bastards.

So which is it ? Wrong to charge as much as you can get away with or not ?

No, you'd be a ****ing moron for buying it at such a ridiculous price.

All companies try to get away with as much as they can, but there's a balance to be struck too.

srsly78

Companies try to maximise their profit, this does not necessarily mean charging as much as possible tho. A more reasonable price could mean more sales, and thus more total profit. It could mean taking market share off competitors.

Mimikyu

This post has been deleted.

osarusan

Captain Morgan wrote: »

This post has been deleted.

Google 'resale price maintenance'. Shops who did this wouldn't be offered stock by the producer in the future. Prices too low or high are not what producers want for their image.

lukesmom

That's life!

suicide_circus

Ticket touts/scalpers should be shot on sight

Johnny Drama_11

Supply and demand.

mitosis

Guy:Incognito wrote: »

Adverts doesnt allow profiteering, its against the rules which is why people call for items to be removed.

Never understood that. An item is worth what someone will pay for it. Adverts.ie don't mind profiteering from boosting ads.

mfceiling

I'm going to do the same with property...*posted in 2004*

biko

A company is not your friend. It is only friends with the shareholders and it's under obligation to maximise their profit.
Would you be the CEO that would say to the shareholders that appointed you
"yeah we could have given you an extra million in bonus but instead we decided to raise the wages of the workers", good luck with that

Produce cheap and sell expensive - just like Apple.
Welcome to capitalism baby!

cletus van damme

camel jockey wrote: »

Maybe their parents should have gotten the finger out and done something about it before Christmas Eve.

you are a fcuking idiot who hasn't a clue.


I booked ps4 in oct. won't get it till january .
luckily my son is mature enough to be happy with an IOU in his christmas card but i'd imagine it would causes problem so parents with younger kids and all that.

Duggy747

There wouldn't be such exorbitant prices if there weren't people willing to pay for it.

Case in point being a VR headset called the Oculus Rift. You can by it from the company for give or take €300 but you have to wait for the batches to go out which can take around a month, though they've upped production lately.

Or, you can buy them from people on Ebay for anywhere from €400 up to €700 and get it within a week or 2. People have gone this route with varying degrees of success, some happy or others being screwed over by getting faulty products. I bought mine through the company because I wasn't going to pay any higher than what it was intended to be for a 2nd hand product.

Anyways, consoles are produced at a loss or break even so profits are made from online subscriptions and game sales. Same goes for stores as there's fùck all margins on the consoles themselves, just like laptops / tablets / etc.

Fighting Irish

the buyers drive the price, not the sellers

Gannicus

Patrickheg wrote: »

As for limited items like concert tickets / matches, that really annoys me. Di(heads taking advantage of real fans, I have some friends who have no shame making a few hundred quid at this.

I don't see the problem with this. I do this the odd time when I can afford to source a few tickets. It helps pay for things like car tax/insurance etc.

I do not hold a gun to someone's head and force them to pay what I'm charging for a gig/match ticket.

As long a people are willing to pay the increased price then there will always be people there selling it at an increased price.

I bought an X-Box One and A PS4 to sell because my Car Tax and NCT are due in January as well as college fees. I've made a tidy profit off the X-Box One and intend to do so on the PS4. I kinda regret not buying more of them.

WoollyRedHat

samina wrote: »

I think it's in bad taste, especially since kids are after them for Christmas.

My heart weeps for them. Life's full of disappointments and patience is a good virtue. If their Christmas is ruined because they weren't able to get the Xbox 1 straight away then that's pretty sad in itself.

eviltimeban

Its to do with value. Is a Picasso "worth" millions? No, its just paint on a canvas. But to the people who want it badly, they will pay millions for it. Therefore it is now "worth" millions.

If "Buying an item, then reselling for a higher price" didn't exist, there'd be no art collections, no classic car collections, no wine collections...

Fred Swanson

This post has been deleted.

Greyfox

cletus van damme wrote: »

i'd imagine it would causes problem so parents with younger kids and all that.

Then I blame the parents who have kids who should not be expecting such an expensive present for Christmas.

I say fair play to anybody who was able to predict that stupid people would pay mad money for new consoles that will be easy to get in the new year, they deserve their profit, it’s the rules of supply and demand. I’ll be buying a PS4 eventually and wish I had of pre-ordered a few to sell on now

Grayditch

Greyfox wrote: »

Then I blame the parents who have kids who should not be expecting such an expensive present for Christmas.

Are you one of those.... you know...

http://www.biomelifestyle.com/users_content/product_images/full/product_761_full_1.jpg

zx complex

I think it is fine as long as the seller is not trying to double their money or maybe more. That is just plain greedy.

If I had a new console for sale and somebody else was stuck for one for Santa I believe an even €100 on top is ok, as I would be prepared to pay that myself if I found myself in that position.

Semele

I'd have an issue with it if it was something important, like food or something else crucial that people were having to pay for. But this, not a problem. It's a luxury and if someone is prepared to pay stupid money for it then fair play to whoever sells it.

PizzamanIRL

Lucky yee don't know how much your local shops are buying their items for before they sell them on.

Me?

If I can get it cheap and sell it at a profit am I doing it right?

Mal-Adjusted

zx complex wrote: »

I think it is fine as long as the seller is not trying to double their money or maybe more. That is just plain greedy.

If I had a new console for sale and somebody else was stuck for one for Santa I believe an even €100 on top is ok, as I would be prepared to pay that myself if I found myself in that position.

If someone still believes in santa, then they're probably a bit too young for such an expensive games console. While I think it's a bit of a dick move to do with such low supply, they don't force anyone to buy these things and if someone hasn't the patience until the shops get them back in at the RRP, then they can't complain.

Funny enough there's a thread in the game forum saying that a lot of the consoles on adverts couldn't sell at those prices.

vetinari

D1cks is what these those resellers are.

123 LC

That's how anyone who sells anything makes money? Its a lot of peoples regular income, of course you're gonna sell it at the highest price you'll get for it. Its a games console not food its not unethical, we're not talking life or death here.....I just don't see the problem

SterlingArcher

Mal-Adjusted wrote: »

If someone still believes in santa, then they're probably a bit too young for such an expensive games console. While I think it's a bit of a dick move to do with such low supply, they don't force anyone to buy these things and if someone hasn't the patience until the shops get them back in at the RRP, then they can't complain.

Funny enough there's a thread in the game forum saying that a lot of the consoles on adverts couldn't sell at those prices.

That would probably be down to the massive trolling the sellers received.

Frankly fools and their money are easily parted. Oh the children won't anyone think of the children. Well if they're that spoiled that they sulk Christmas morning ungrateful at what they got can I really feel sorry for them?
You can't always get what you want. Unless you're me obviously.