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In Reply to: back room deals... posted by KT88 on December 17, 2005 at 14:54:36:
...and pays fair wholesale, which is 20-25% for collectibles.You can imagine the effect such a guy would have on an elderly widow with a big collection she knows nothing about. He goes through 1000 LPs, picks out the 50 he wants, and hands her $1500 in cash. He explains that the rest are worthless, and that she can safely sell them for $1 each or give them to Goodwill.
Of course she'll tell all her friends, and word will spread. It doesn't matter when he gets $6000-8000 on eBay for those 50 LPs. That's the lawful fruit of his knowledge and work.
Of course, this principle does not apply at record shows, flea markets, thrift shops, and tag sales. The seller proclaims himself a dealer, and sets the price. You are free to use what you know to pick out any bargains you may find.
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Follow Ups
- Maybe he's honest... - vinyl1 15:35:07 12/17/05 (2)
- Re: Maybe he's honest... - Estes 18:21:18 12/17/05 (1)
- he's smart... - KT88 08:40:57 12/18/05 (0)