Subject:
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Re: Honest Capitalism (Was Re: DYA -> eBay 8880 money-making scheme)
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Newsgroups:
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lugnet.market.theory
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Date:
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Wed, 8 Sep 1999 16:08:23 GMT
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Viewed:
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989 times
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In lugnet.market.theory, Kevin Loch writes:
> > I think that was my point really - that until DYA finds 3 dozen more
> > Metroliners that they had in storage and forgot about (or whatever rare
> > set), then selling that for a high mark-up is profiteering and not providing
> > a service to Lego Fans.
>
> Yes they are! If it were not for DYA, I would have paid $300 for an
> 8880, because I want the set. Is that a fair price? of course it is, because
> in an auction the value of the object is defined by the closing price.
I agree that it is a fair price for you. Maybe my last line should have read
"..not providing a service to *all* Lego Fans." As that includes those that
aren't able to afford winning an auction.
> What if a buyer has more $$$ and wants the set, but already has 5.
> Isn't he entitled to pay as much as necessary to procure the set?
Entitled.. in a Capitalistic sense yes. And without the 'Holy Grail' method of
'fair' Lego set distribution, it's a simple enough way to do it.
> > You could get around that by making Lugnet members enter into a legal
> > obligation not to resell Lugnet-sold sets, use Lugnet as a hub, and ID the
> > box somehow. There are lots of issues with this, feasibility, personal
> > rights etc, but it would mean that I could afford that 6277 I've always
> > dreampt of, mutilated box or not :) Oh - and it would be fair!
>
> I doubt that would be enforcable. I also doubt anyone would
> participate, just in case it is.
You have a point - it would be too much to obligate everyone into running a
non-profiteering auction. Although it still would be nice to have a system
where people had the option to pass on sets at a reasonable price without the
other person turning around and selling them for a profit. A system where the
sets go to those who want to play with them, rather than a system where the
sets go to those who are able to pay the most for them.
Richard
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