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I was thinking about buying some white plates from Brickbay, and came up with this comparison (viewing in a monospaced font is a good idea): Brickbay Baylit S@H #5320 Lo Avg Hi 1x1 10 12 17 20 6 x8=48 1x2 8 10 16 15 5 x8=40 1x3 8 12 20 12 5 x4=20 (...) (24 years ago, 30-Mar-01, to lugnet.market.theory)
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| | Re: part pricing theory and practice
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I'm certain to open a few discussions, and there is probably a economist out there to correct me. Price is merely a function of supply and demand in a perfect market. For many AFOLs the market is nearly perfect, they understand the potential supply (...) (24 years ago, 30-Mar-01, to lugnet.market.theory)
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| | Re: part pricing theory and practice
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(...) ..{snip,snip}.. (...) For a seller on Brickbay, mechanisms exist that track all previous sales and provide pricing information. When listing a specific part of a particular color, data is available that shows how many times that element has (...) (24 years ago, 30-Mar-01, to lugnet.market.theory)
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| | Re: part pricing theory and practice
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...oops, footnotes got dropped during editing.... [1] a totally fictitious, fabricated example--Did not check Brickbay for this information. [2] this assumption has been the cause for some discussion on Lugnet and Brickbay forum lately. __Kevin (...) (24 years ago, 30-Mar-01, to lugnet.market.theory)
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| | Re: part pricing theory and practice
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(...) I don't think so. If the prices gets driven to high (and then also the number of available parts), somebody are bound to see an opportunety to sell a lot of parts if they lower their own prices. As a seller myself I try to get a good price, (...) (24 years ago, 30-Mar-01, to lugnet.market.theory)
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| | Re: part pricing theory and practice
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In lugnet.market.theory, Cary Clark writes: <snip> (...) Individual sellers. Buyers either decide it is a good price, or pass if they choose to wait. Lego makes a large variety of parts (and colors), to get the exact combinations (assuming you (...) (24 years ago, 30-Mar-01, to lugnet.market.theory)
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| | Re: part pricing theory and practice
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In lugnet.market.theory, Kevin Salm writes: <snip> (...) Unless we had an aging mechanism, I doubt that there is much choice. I would love to see a graph of the last 10 sales (price vs qty line graph) for each item. That would give me a much better (...) (24 years ago, 30-Mar-01, to lugnet.market.theory)
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| | Re: part pricing theory and practice
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(...) This tells you nothing about current demand vs supply. All it tells you is that once there was sufficient demand to sell at those prices. Without knowing the specifics of the supply and the demand at the point of the sale, you're "spitting in (...) (24 years ago, 30-Mar-01, to lugnet.market.theory)
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| | Re: part pricing theory and practice
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(...) Another Price Guide note: The average it shows is irrespective of the quantity sold. If part 1234 sells in quantity 100 at $1. and then sells again in quantity 1 at $0.02 The price guide will show Times sold 2 Low $0.02 Average $0.51 High (...) (24 years ago, 30-Mar-01, to lugnet.market.theory)
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| | Re: part pricing theory and practice
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(...) I have those I think! -Jon (24 years ago, 30-Mar-01, to lugnet.market.theory)
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| | Re: part pricing theory and practice
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(...) And I want them for MTW production. They're on my watch list and I consistently buy them whenever it makes economic sense to do so (large enough quantities or the seller has enough other stuff at good enough prices to make it a worthwhile (...) (24 years ago, 31-Mar-01, to lugnet.market.theory)
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| | Re: part pricing theory and practice
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In lugnet.market.theory, Larry Pieniazek writes: <snip> (...) I would like that also, preferably in a bulk format (like XML) so that I can offline process it. Ray (24 years ago, 31-Mar-01, to lugnet.market.theory)
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