The way of the world
Is "conservation of price" one of those immutable laws of physics, like conservation of angular momentum?
If so, that'd explain how MadHaus got his 670/671 for $250 while some other poor bastard had to pay $2060 for a counterfeit Evans LCW...
http://www.designaddict.com/design_addict/forums/index.cfm/fuseaction/th...
I don't think it's at all accurate to suggest
that MadHaus got a deal at someone else's "expense".
Value is subjective. The chair was "worth" X to Madhaus and the other Craigslist buyers based on their subjective appreciation; to the seller the object was only worth a tiny fraction of X, based on her subjective appreciation. That's the only valid conclusion that may be drawn.
Otherwise, you're saying that MadHaus's perception & knowledge are attributes of no particular value, gained through no "expense". (BUT at the same time, you credit the oblivious seller as though she made the same investment that would have resulted in her recognizing the market-value of this chair. Thus she "lost" something in the transaction.)
If the seller was eventually cognizant of the value after the transaction, the transaction WAS her expense for gaining knowledge-- knowledge has expense, doesn't it? (Be it thousands of hours study, or thousands of dollars cash.)
I agree!
Bottom line,the seller sets the price.(Possibly a hasty decision to be rid of said chair),but the onus is on the seller for due diligence in establishing the selling price.ModHaus actually exceeded her asking price by over 100%,so how could it even be remotely inferred he was taking advantage? Now,if he happened to be an unscrupulous estate appraiser and offered her the $100.00,knowing full well he was low balling,then that's a different story.A buyer/seller agreement locks the deal.It's not like anybody holds a gun to the seller's head.Anyhow,this is what sometimes happens when an unappreciative offspring inherits an estate.I suppose if I inherited Aunt Tilly's Wine colored velvet victorian couch,I'd be sure enough selling it,but I would make sure I wasn't giving it away.
Thank you
Thank you for seeing the good light. I gave her 150 Percent More then she wanted. That should be good enough then the low ball 100 dollars she wanted.
Value wise...I will not be selling the chair so this isnt a Dealer profit game that im playing. Just got really lucky, and The restoration of the leather will cost me a pretty penny anyway, and I plan to pass this off to my kids one day in hope that they will appreciate good design, and history.
But I say If I was a dealer, even with some leather repair my profit margin/ what I could make off this chair would be a very nice amount.
But for now, Eames...meet Bertoia, and a very warm caring home.
Exactly, William.
The seller sets the price. If she didn't do her research, it's her fault. It's ridiculously easy to find the value of things these days, thanks to the internet. I'm old enough to remember when one had to go to the library and hope that they had the right reference books (and often they didn't)--or one had to know the right people who were willing to divulge the info. What a pain.
Anyway-- unscrupulous is when someone asks a more knowledgeable person what the value of her chair is and the more knowledgable person says "one hundred dollars!" or even "two hundred fifty dollars!", knowing full well that it's worth thousands.
This seller didn't post her chair on Craigslist asking the value of it. She posted it with a price that she was willing to take, and then she took that and then some and THEN she began to wonder what it was worth. Tough noogies, lady.
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