by nick » Tue Aug 30, 2005 5:16 pm
Not to start anything or state any false facts. But, here is my question. Why are machines going so high on Ebay lately? I don't need someone to respond saying bs market inflation answers. That isn't the point. There are hundreds of good machines on Ebay a week and I can't win one. And I am bidding fair. Anyways if you are a dealer like myself and are buying a machine too high what is the point? If you buy a bluebird for $275 and sell it for $300 which I notice a lot of dealers do stuff like that do you honestly think you are making any profit. Theres gas, storage, and other fees so for example you might have then been into that bluebird for $325 and you sold it for $300. I have also noticed a lot of new people bidding not knowing what they are bidding on. The other most important factor is you may not realize this but, a lot of the dealers aren't selling much and actually by paying these prices are losing tons of money. The true saying about antiques or about any type of dealer. This saying is "BUY RIGHT AND SELL RIGHT". A good example of this is buying a Bluebird for $200 and then selling it for $300 insuring there be some profit. While a lot of dealers may say making $25 is profit but, the other fees involved take that profit away so that isn't true. Coin op used to be a regular sane priced market but, now it is very perplexing. Another point is machines like Masters are so vastly available and yet every dealer/person will pay $200 for them still. My basic point of this that many of you can disagree on but, is very true is why buy high. Unless the machine is a rarity or something you can't get everyday. There are so many of these mid-range machines available that the rule should apply of "BUYING RIGHT AND SELLING RIGHT" I go to Chicago show and really don't see that anymore, all you see for the most part is insanely high priced dealers who aren't selling jack. Thats their problem they are pricing themself out of the market. You have to keep the machines in reason and you have to buy right in order to be a dealer. Otherwise there wouldn't be a point. And also have fun doing it. Just had to shed some light. Also, as gas prices go higher so do antique prices. It is a new realized fact. Also, attendance was greatly reduced at last Chicago show and the only people we were selling machines to is other dealers. Sad, I know but, that only supports my reason more. So, think about it. And I know some of you will think otherwise but, this whole buy high thing just doesn't work right and affects everything to an extent.