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- May 8, 2012
I wanted to address this reselling topic which has been a buzz the last few pages.
Everything in this world has an intrinsic value. Whether we like to believe it or not, there's always a value. Resell value is something different all together. It's not necessarily what something is worth, but what someone is willing to pay for that item.
Resellers are not the ones to blame. Because let's face it, the consumer has generally created this secondary market by willingly paying for these items at the price listed by the seller. It's capitalism in it's purest form.
The good news is, the consumer also has the power to control price. If you don't buy something at the price listed, eventually price drops. Simple Alfred Marshall Supply & Demand curve with a little bit of Keynesian Economics. If you don't agree with the listed price, then don't buy. I understand seeing resell prices across most market platform such as Flight Club, Goat, StockX, Stadium Goods etc creates this sentiment or agreed belief of price, but that doesn't necessarily mean that's what something is worth.
If there is a significant collective effort towards not buying at these obscene prices, resellers are either forced to move on to something else worth reselling or dropping their prices down to point which consumer are comfortable spending.
Everything in this world has an intrinsic value. Whether we like to believe it or not, there's always a value. Resell value is something different all together. It's not necessarily what something is worth, but what someone is willing to pay for that item.
Resellers are not the ones to blame. Because let's face it, the consumer has generally created this secondary market by willingly paying for these items at the price listed by the seller. It's capitalism in it's purest form.
The good news is, the consumer also has the power to control price. If you don't buy something at the price listed, eventually price drops. Simple Alfred Marshall Supply & Demand curve with a little bit of Keynesian Economics. If you don't agree with the listed price, then don't buy. I understand seeing resell prices across most market platform such as Flight Club, Goat, StockX, Stadium Goods etc creates this sentiment or agreed belief of price, but that doesn't necessarily mean that's what something is worth.
If there is a significant collective effort towards not buying at these obscene prices, resellers are either forced to move on to something else worth reselling or dropping their prices down to point which consumer are comfortable spending.