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

RustyNut

Grayditch wrote: »

I know that reply seems mad clever and all, but it pretty much ignored what the OP means, and the situation that inspired the thread. It's about touting, or profiteering on limited stock items at Christmas.

That is commoditys trading. As oil gets scarce the price goes up. X-boxes the same. Do you think the shop sold it for what they payed for it? It's the free market system we have, if you don't think you are getting value don't buy it.

Grayditch

RustyNut wrote: »

That is commoditys trading. As oil gets scarce the price goes up. X-boxes the same. Do you think the shop sold it for what they payed for it? It's the free market system we have, if you don't think you are getting value don't buy it.

I must be missing the point of the thread, so. I didn't think it was about shops selling products for above wholesale to make a profit and runs a business, I thought it was about what people though of Joe soaps buying up something people wanted at Xmas so they could raise the price above the RRP of shops.

Playboy

Opportunistic dcks imo. Fair enough if someone is buying the consoles in this market for sale in another market where they are not available... In that case they are providing a service which they deserve to get paid for. Buying in a market due to lack of supply with the sole intention of selling back into that market makes them no better than ticket touts... Leaches trying to make a quick buck by disadvantaging people without the good sense to wait a few weeks.

sentient_6

Buy for a dollar, sell for two.

- Prop Joe

Lando Griffin

camel jockey wrote: »

Maybe Santa & the elves should have gotten the finger out and done something about it before Christmas Eve.

FYP for the younger viewers.

Gummy Panda

Nothing new. Sure therewas guys selling the humble bundle separately on adverts. For people who don't know the humble bundle is a selection of games sold as a pay what you want charity donation.

RustyNut

Grayditch wrote: »

I must be missing the point of the thread, so. I didn't think it was about shops selling products for above wholesale to make a profit and runs a business, I thought it was about what people though of Joe soaps buying up something people wanted at Xmas so they could raise the price above the RRP of shops.

It's not baby milk you don't have to buy one. Consumers have a choice if you think whoever is selling an item is ripping you off then don't buy it from them. The lad that buys a few items to resell is taking a risk of being left with them or having to sell them at a loss. The buyer has the cash and so have control, they can allways take their money elsewhere.

srsly78

fergiesfolly wrote: »

Isn't it odd that Microsoft will be pissed on from a height when it comes to their software, by tech geeks, but they release a gaming console and the same geeks will pay through the hole for it.

The PC master race has no interest in this console nonsense.

Grayditch

RustyNut wrote: »

It's not baby milk you don't have to buy one. Consumers have a choice if you think whoever is selling an item is ripping you off then don't buy it from them. The lad that buys a few items to resell is taking a risk of being left with them or having to sell them at a loss. The buyer has the cash and so have control, they can allways take their money elsewhere.

Why do you keep telling people the don't have to buy one? We know. The thread is asking if we think touting is bad form. So that's why people are giving their opinion on it being a dick move, I'm just confused why "well shops do it" comes into it. It's totally different.

krudler

Depends really, selling something on to make a few quid is one thing, stuff like ticket scalping and adding on hundreds of quid to the face value is pretty crappy.

RustyNut

Grayditch wrote: »

Why do you keep telling people the don't have to buy one? We know. The thread is asking if we think touting is bad form. So that's why people are giving their opinion on it being a dick move, I'm just confused why "well shops do it" comes into it. It's totally different.

What's the differance between tescos buying something for X and selling it to me for X+ profit and Me buying something for X and selling it to you for X+ profit regardless of what the product is ?

Gatling

Reminds me of sky news yesterday the Beckham's selling a ton of stuff through a London red Cross shop to raise money for victims of the typhoon that hit the philippines
A suit wore by victoria sold for £400 in the shop tuned up on eBay 30 mins later with a £4000 + price tag ,

Frankly I'm not bothering with either new console for at least another 18 months or until decent packages or a price drop ,neither system isn't exact revolutionary in terms of technology the games are the same FIFA ,forza ,battlefield and so on

Grayditch

RustyNut wrote: »

What's the differance between tescos buying something for X and selling it to me for X+ profit and Me buying something for X and selling it to you for X+ profit regardless of what the product is ?

You want me to explain the difference between touting ... and regulated shops selling a product for an RRP set by the product maker, supplied by the product maker? Nah, I'm probably not going to go type all that out. Touts are what they are and I've explained why I think they're dicks.

RustyNut

Grayditch wrote: »

You want me to explain the difference between touting ... and regulated shops selling a product for an RRP set by the product maker, supplied by the product maker? Nah, I'm probably not going to go type all that out. Touts are what they are and I've explained why I think they're dicks.

Ok

brokenarms

Grayditch wrote: »

You want me to explain the difference between touting ... and regulated shops selling a product for an RRP set by the product maker, supplied by the product maker? Nah, I'm probably not going to go type all that out. Touts are what they are and I've explained why I think they're dicks.

Communist propaganda

Dont listen to this man!!:D

RustyNut

brokenarms wrote: »

Communist propaganda

Dont listen to this man!!:D

Yay X- boxes for all.

Grayditch

Minature American flags for others.

Lyrical

I don't think I have a problem with the example in the OP the parents know how much the console costs and know how much of a profit is added to it,which some will probably pay to have a console for the kids on Xmas day.

Using gaming again as an example I think in this circumstance reselling an item for a higher price is wrong, for those that don't know there is a site that sells videogame bundles at a much lower price than their actual retail price "the humble bundle" with the majority of the profits going to charity.

You see guys buying the bundle for €1 and selling the games at retail value on Adverts for example,while the charity sale is still going on luckily there''s boardsies that comment on the ads to direct people to the charity site but it's quite a sleazy way to try and make money imo.

Yellow121

Christmas spirit? Capitalist pigs.

Agricola

Wouldnt mind someone buying one to flip it straight away for a quick profit. But I don't like the idea of buying a dozen of them, reducing the units available for ordinary people to buy and then reselling them for a substantial profit.

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 ?