If someone prices something way above 'market value' and it sells, does that then become the new 'market value'? Isn't that the same way they value houses? Nothing has any intrinsic #value' aside from what someone will pay for it. The market is a matter of human will, not some kind of uncontrollable beast we have to tame.
Mike
ClayE wrote:
Pricing way above market value (40% above?) is a shitty way to try to sell things. If he does sell it for that price, he will have taken advantage of a misinformed buyer.
Clay