= 27d567bc2d48d9f40e9ccc20ea370b15)
DSimon comments on Bargaining and Auctions - Less Wrong
You are viewing a comment permalink. View the original post to see all comments and the full post content.
= 783df68a0f980790206b9ea87794c5b6)
Loading…= b715d02e85f7b3b4ae65ca3d3e450868)
Subscribe to RSS Feed
Powered by Reddit
= f037147d6e6c911a85753b9abdedda8d)
You are viewing a comment permalink. View the original post to see all comments and the full post content.
Comments (70)
No, I don't think this makes sense. The dealer's opportunity to care about how much they paid for the table passed when they bought it. After that, all that matters when it comes to price-setting is how much they think buyers will pay, and any costs related to keeping it stocked
It's really hard to know how much any random person will value a given antique, considering the uniqueness of antiques and people. It's really easy to know how much you paid for a given antique. As a heuristic to keep in mind while bargaining "Always sell for more than what you bought for" seems like it would be helpful, even if in the abstract it doesn't seem like it should be important information.