Buy low and sell high

[catthesqueal]

Hi all! Please read and be the judge of this! Don't deal with these 2 ppl.



http://www.soft.com.sg/forum/showth...ZZ-electric-BASS-guitar?p=1164431#post1164431

 

[RayKnight]

I personally think they're both the same users but I could be wrong.

Anyway, to be fair, he has the right to overprice his item if he wish to. You did sell it to him. Albeit this is an unfair practice and it is very low and dirty.

To be fair to you, I know how you feel. I once sold my MTG card at a lower price and the guy whom I sold it to was selling it to someone else for 1.5 to 2 times the price I sold him.

 

[catthesqueal]

They are 2 people,because when i sold it to them,i met the both of them.different hp numbers too.
i am not angry that the point they priced it higher.i felt that is not justifiable because i priced it low for students and those who cannot afford.bass guitars are expensive as you know.it is taking my kindness for weakness and abuse it.

 

[RayKnight]

Yeah, I can see what he did there and also, I apologise for thinking they're two separate people as their English was beyond my basic understanding and comprehension.

But this kind of things happen. The poor student got cheated from a fake Dr Dre headphones (they're so common now, real or fake, I wouldn't even buy them even if it is real!) Another lad got cheated off his PS3 and $300. Even I myself got cheated. Don't worry about it, let them do what they want. What goes around comes around.

 

[relinquish69]

Once an item is sold to another owner, it's his right to price it at whatever price he wants as he rightfully owns this item.

Let's say I bought a guitar brand new at $1500. I sold it for $1100. The new owner can price it whatever price he wants between $1100 - $1500 it doesn't matter as used items will always be considered used items & they have their rough market price.

Imagine if he sold to another person for $900. Does this mean that the new owner has to sell it for $700 when he wants to let it go? If the condition is still good after going past so many hands, I would buy the guitar back at $700 and sell it again for $1100. Why? Because if I could sell it for $1100 before, why can't I do it again? In this case I can simply make $400 (although that would never happen nowadays) so why not? There is nothing wrong with that.

If my theory is wrong, can you explain the price on vintage Fenders and Gibsons?

Unless we are talking about stolen items here well... that's another story.

 

[RayKnight]

I'd think that Vintage Fenders and Gibsons are kinda on a different league compared to a lower-end bass that the TC was selling. Your theory isn't wrong but it isn't really correct.

I mean, you're right, the new owner can price it at whatever price they want. But if you sold your $1100 guitar thinking that the buyer is a halpless student or something, and you found out that it is being sold for $1500 or $1700. Would it anger you that she or he did it so?

I know I would be. But I know it cannot be helped. They aren't wrong legally to pull off a stunt like that. But I do think that they are wrong to exploit something like that, morally, at least, I feel it is wrong. But that's just me.

 

[catthesqueal]

i read a comment saying he is from Sri Lanka. his spoken english is beyong my slightest comprehension as well,when my sis and i went to hand over the bass to them,we could not really understand their english. we thought they were local indians though. and they told us they were students and asked to lower the price for them. i lowered from $140 to $130. is this a joke or what?

 

[relinquish69]

such things happen all the time. alot of students bought guitars from me before and they sell it off at a higher price. the only reason I can think of is earning extra lunch money but I find that totally valid. back when I was in Poly, all I could afford was daily meals. if I had the means to buy and sell guitars then, I would most probably be able to afford foodcourt food instead of eating from the same economical rice store for 3 years just to buy my first Fender Stratocaster.

 

[catthesqueal]

true. but certainly not at the expense of exploiting other peoples' kindness right? it took me over 1 year plus to save up to buy to buy a Taylor 710 CE , 214 CE and a Baby Taylor(plus all the more economical stuffs in between like Stagg Bass, KS40 Monitors). I worked part time as a student to save up. Exploiting other peoples' kindness and pushing the price up and selling to others within a few days isn't valid,frankly speaking ya?

 

[K2desoog]

Isnt Cash Convertors doin the same thing?
oops... i better shut it

 

[K2desoog]

true. .... Exploiting other peoples' kindness and pushing the price up and selling to others within a few days isn't valid,frankly speaking ya?

i feel for you.

 

[Vindicated]

lol. that Haeshana actually offered to do a trade with my epi thunderbird. The stagg jazz bass + $30 top up.

 

[keithtan]

lol. that Haeshana actually offered to do a trade with my epi thunderbird. The stagg jazz bass + $30 top up.

LOL thats retarded

 

[catthesqueal]

He bought from me at $130.if u traded with him means he actually paid $160 for ur Tbird which is unfair.like i said he is actually trying to push values up..

 

[daryle]

This happens often.

Sure, by posting this thread, you probably can prevent one case. But 5 other overpriced items have probably just been sold to unknowing buyers in the time you've spent confronting him.

I feel that most buyers about to spend money would have done their research, and realised what a second hand version of the subject item should be worth. Not many buyers online would be that easily cheated.

Even so, if they do purchase an overpriced item, and do realise they've been given a bad deal, they've only got themselves to blame for it. Learn their lesson, remember it, and not fall for the same trick again. This is part of life, and part of growing up.




Lastly, no one has the right to fix the value of a second-hand item on the market. Sellers can price their items at whatever price they want. The Sri-Lankan "foreign talent" may have done something which you feel is unethical, but truth is we don't have the right to do anything.

In fact, the word "overpriced" and the phrase "jacking up the price" (or pushing values up) is subjective.

What if i feel that that bass is really worth $250 second hand? and your price of $140 is actually an unusually low price? Does it mean that all other sellers selling the same bass MUST price theirs at $140 just because you did?

 

[VidaK]

ts, I know how you feel, seeing others making a quick profit out of an item you have just sold... however, no one has the real power to stop them. just like how I have to try to close my eye and ignore what my ex-gf does after she dumped me...

so just ignore what happens to the items you have sold already, even if the new owner takes your bass to smash it in the middle of orchard road =D

 

[guitarsan]

IMO, "flipping" the product for a profit within a short period of time usually leaves a bad taste, no matter how you see it. It's especially so if the original seller, out of good will and kindness, sold the product cheaply to the buyer, thinking he would play and cherish the instrument.

But what I find totally unacceptable is....the buyer to claim how much he loves the product but couldn't afford it because of financial reasons and other sob stories, prompting the seller to feel sorry for him and sell it to him on the cheap. And the next thing, that product is on the market again, with a higher price tag!

 

[catthesqueal]

Thanks Guitarsan for understanding. If everyone here is this understanding,it will be good.
Frankly speaking,its not the price tag that i care about etc. Its about him(and his friend Yuranga) claiming how nice it is and how much they liked the bass. They also claimed they were students. My purpose is to sell either to an adult player who cherishes it or to students as a starter bass or 2nd bass,as it is versatile. With a higher price tag, go ahead and sell it, not that i care, but the fact is that he and friend is putting fellow softies at a disadvantage. Come on, this is our local music industry, don't ruin it. By doing this, is simply not giving someone a chance to own a playable bass at a lower price. In Davis, cheapest bass is at least (Close one eye) $300. SV $270 maybe? Students get say, $10 a day pocket money? How many days to save to afford a first hand bass? truly disappointed yeah..

 

[daryle]

whatever the case, you have still done something positive at least.

AT LEAST beginners or people who are not so knowledgeable about the second hand market, but happened to stumble upon your post, will not get tricked.

 

[RayKnight]

Sure, by posting this thread, you probably can prevent one case. But 5 other overpriced items have probably just been sold to unknowing buyers in the time you've spent confronting him.

She did prevented 1 case.

Although I'm probably gonna be using the wrong analogy. Lets say 10 people got into a freak car accident and you're a doctor. Knowing you can't save all 10, would you still at least try to save them? Even one?

Lastly, no one has the right to fix the value of a second-hand item on the market. Sellers can price their items at whatever price they want. The Sri-Lankan "foreign talent" may have done something which you feel is unethical, but truth is we don't have the right to do anything.

*coughSingaporeansaresecondclasscitizenscough*

You're right, we don't have the right to do anything. The least I can do if I was put in her situation is to warn other people about them. That's the least I can do. I have no right to stop any sales that will take place because the bass is already under their ownership. But I can at least tell other people to be careful when dealing with them and offer some advice in case something like this happens.

It works both ways. Unethical Seller knows that there are people watching them and Honest Sellers knows that there are buyers who will make themselves pitiful just to get discount off you. Honest Buyers will know what to look out for when they buy and Unethical Buyers will know that there are people watching them.