On Thu, 30 Dec 2004 14:50:30 UTC, (Scott Dorsey)
wrote:

In article , dxAce wrote:
W4UDX wrote:

Check out this insane bidding!

http://cgi.ebay.com/ws/eBayISAPI.dll...keTra ck=true

Why do you worry about how others decide to spend THEIR money?

Problems?

Because it raises price standards for everyone else. Next time you go to
buy an item at a hamfest, the guy selling it will say, "well, I hear one of
these went for a million dollars on Ebay..." Inexperienced bidders who don't
know what things are worth, and bidding wars between people who desperately
have to have an item, tend to raise the overall market value of an item more
than it should be.
--scott

$1,000+ for a Heathkit SB-104A.

What? "more than it should be"???? Who sets the price? The price
is whatever the market says the price is. Neither you nor I get to
decide. If there are a million well-heeled bidders who run the
price to the sky, well, that's the price that the market set.

In the last year, I went to a dozen hamfests in the Middle Atlantic.
I didn't see a single SB-104A. None, nada, zippo.

In fact, I saw, maybe, a dozen interesting, pre-1980's radios.
Pre-1980 radio's are vanishing into private collections, for
whatever reason.

What happens when there are none to be had? The price rises until
someone is induced to sell.

If you want to see insane prices, go to www.longandfoster.com and
enter zipcode 22305. At the bottom of the page there is a $411,900
rental-look row house.

de ah6gi/4 http://groups.yahoo.com/group/RadioInvestor for more
essays on radio pricing.