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General Discussion / Re: Film Art Gallery
« Last post by BwanaDik on Today at 05:44:33 AM »Same here, I follow new arrivals in retailer and find most of them having ridiculous prices. And I know that a few are even getting them from emovieposter
Tob, since you usually check FilmArtGallery, you can tell if he buys from there or not
Totally agree, I won't be happy neither to know I paid x10 the price market... but most markets online are fuck*d up. Lot of ebay users posting stuff at ridiculous prices; some resellers will set their retail prices based on ebay and use indeed some dubious sale pitch.
There is thin line between "reselling" and "scalping". "Reselling" means resell with a fair markup, based on market price. "Scalping" means to make a huge markup on product by controlling its market price and scarcity and often done for event tickets, fine art and electronic (graphic card, PS, etc.) (this definition is different from the stock auctions definition which means to make huge profit on small prices changes by buying/selling large stock).
Definition of "scalping" can't be applied to movie posters as there are plenty of availability in the market. But still, some guys are doing it, hoping for a fool to buy it.
What annoys me much is that these guys are indeed bidding on almost everything, just to increase estimated/market value, this is part of their marketing strategy. And if it is a registered business, even better, they can scalp/stock their posters as business assets for many years and continue to sell them at crazy prices.... until they close their business with a poor exit strategy, that is to sell their assets at low price/cost or insurance value (which is definitely lower than advertised prices) to another retailers.
Tob, since you usually check FilmArtGallery, you can tell if he buys from there or not
Totally agree, I won't be happy neither to know I paid x10 the price market... but most markets online are fuck*d up. Lot of ebay users posting stuff at ridiculous prices; some resellers will set their retail prices based on ebay and use indeed some dubious sale pitch.
There is thin line between "reselling" and "scalping". "Reselling" means resell with a fair markup, based on market price. "Scalping" means to make a huge markup on product by controlling its market price and scarcity and often done for event tickets, fine art and electronic (graphic card, PS, etc.) (this definition is different from the stock auctions definition which means to make huge profit on small prices changes by buying/selling large stock).
Definition of "scalping" can't be applied to movie posters as there are plenty of availability in the market. But still, some guys are doing it, hoping for a fool to buy it.
What annoys me much is that these guys are indeed bidding on almost everything, just to increase estimated/market value, this is part of their marketing strategy. And if it is a registered business, even better, they can scalp/stock their posters as business assets for many years and continue to sell them at crazy prices.... until they close their business with a poor exit strategy, that is to sell their assets at low price/cost or insurance value (which is definitely lower than advertised prices) to another retailers.