Where do EBay sellers get off selling the N4 for twice its value?
11-17-2012 05:32 PM
Sent from my Galaxy Nexus using Android Central Forums11-17-2012 07:01 AM
- 11-17-2012 07:26 AM
- If people are dumb enough to spend that amount of money on the phone, then they deserve to get taken advantage of. I don't hate on people who buy electronics that sell out then turn around and sell them marked up and I don't feel sorry for the idiots who just can't wait. If they have money to burn, let them.11-17-2012 08:23 AM
- 11-17-2012 08:27 AM
- Where do EBay sellers get off selling the N4 for twice its value?
Hmmm, two things:
What they are doing is selling it at twice its *list price* (from ONE particular retail source, the Play store)
If someone sells it at that price, that higher price is, by definition, the "value" of the item to someone.
Google chooses the price, the market decides the value.
Second, I think it is very likely Google is selling this phone at or below cost, for whatever debatable reason.
Is it really so surprising that someone would pay the same price as a SIII for a phone that is arguable (for some people) an upgrade from the SIII?11-17-2012 08:42 AM
- The appalling ignorance of how economics works really comes to light when people start complaining that someone is overcharging for something scarce. Look at the people here who went to T-Mobile stores and paid $500 to have the N4 NOW rather than wait for their $350 phones to come. To them, it was worth $150 to have it NOW rather than wait a few weeks. Why is it wrong for speculators to try and ask for more than the Play store list price when T-Mo stores are doing the same thing. The way the free market works is sellers can ask any price and the customers can decide whether they want to pay it. This isn't food and water after a disaster, it's a gizmo that no one truly NEEDS. Just because an eBayer is asking $600 doesn't mean they'll get it. OTOH, I've seen people bid up the price of stuff that's not scarce over its list, like people bidding $75 for a videogame that is everywhere for $60. I'm talking vanilla editions that you can go anywhere and buy for the MSRP. Why they don't go to Amazon and simply buy it is a mystery.
Another peeve of mine is people using the word "value" interchangeably with "price." The thread topic complains of people "selling the N4 for twice its value" when what they're doing is asking twice the PRICE. Value is a concept, not a number. An item's value to a person is unrelated to its market price. People who paid $1000 on eBay for a Wii when it came out so they could shield their brats from the concepts of disappointment and patience felt that was a good value, while someone like me wouldn't buy a Wii at any price, list or less, much less more than list. It has no value to me. If your house burns down and the blanket your first-born came home from the hospital is lost, your insurance company isn't going to give you anything for it because it's got little material worth (another word more concept than number) and they don't pay off on how valuable it is to you for sentimental reasons.
Let's flip the question: What if you managed to get your hands on a N4 for $350, but saw people willing to pay $600 or more for one? Would you keep it and enjoy it now or would you flip it for a nice profit and then get another one when they come back in stock in a couple of weeks. What is a having a Nexus 4 RIGHT NOW worth to you? People have different thresholds of patience and measures of value. I've been in the market for a phone to get off of Trudge for a couple of months now and was looking to pick up something on the anticipated Amazon Penny Sale. I was willing to wait 2-3 months to save the $200 cost of the phone. Then along came the Nexus 4 and I was super-stoked to get it and was expecting delivery Monday, even ordering my Straight Talk SIM which is being delivered today and will be lonely for a few weeks it turns out. I REALLY want this phone, but not $150 much. I wasn't planning on having a new phone in hand until after Thanksgiving and that appears to be what will happen, though I'll be having a N4 instead of a GS3. I can wait. The eBay seller doesn't have a customer in me, but it's not wrong for them to try and make a buck off of someone else with more dollars than patience.11-17-2012 10:34 AMLike 5
- I'm just watching and waiting to see if Google surprises us with a new and plentiful batch of phones weeks ahead of the rumored 3-week restock wait time, internationally and locally. All those people who bought 10+ phones to sell it for more than double its value on eBay (and who are getting the partial blame as to why the stock ran out-- besides Google not putting quantity limits per transaction) will NOT be happy.11-17-2012 11:49 AM
- 11-17-2012 11:59 AMLike 1
- It reminds me of someone at Cheap *** Gamer who was whining, "Why do publishers charge $60 for these games?" I replied, "Because people are willing to pay $60 for these games."
You can see the economics in action as Nintendo is suffering greatly in what used to be their evergreen segment, handheld games like the DS. How do you get people to pay $30 for a game on a cartridge to put into a separate $150 device when people already have a smartphone with better hardware and games are a dollar or free?11-17-2012 02:27 PM
- If people are dumb enough to spend that amount of money on the phone, then they deserve to get taken advantage of. I don't hate on people who buy electronics that sell out then turn around and sell them marked up and I don't feel sorry for the idiots who just can't wait. If they have money to burn, let them.
And what's with all the semantics Nazis in here? You know what I meant by "value". This is an internet forum, not an essay. Not wanting to pay what someone is charging isn't "Cheap ***". It's a way to tell the seller that you're charging too much for my taste. Sellers charge what buyers are willing to pay, and each individual buyer has a different threshold. So technically, the "value" of the device to me isn't more than its list price, plus maybe $50 for the convenience of getting it earlier than I would if I waited for Google to restock, if I'm not willing to pay what the sellers are charging at the moment.11-17-2012 04:22 PM
There are different words for everything because they mean different things. Why not use the correct word to communicate your meaning all the time instead of saving it for your graded essays? It doesn't take any longer, doesn't cost any more, and it prevents coming off as an illiterate ninny. There is a huge difference between EXPRESSING oneself and COMMUNICATING a point. COMMUNICATION is when the message is understood by the listener the same way the speaker intended it. If someone thinks you're talking about VALUE (a concept) when you said "value", it's not their fault they didn't know you meant PRICE (a number); it's yours for failing to actually communicate while you were expressing yourself.
Half the posts in this thread would've been eliminated if you'd simply titled the thread, "Where do EBay sellers get off selling the N4 for twice its price?" Your premise would still be faulty, but you wouldn't come off as someone poorly educated and/or inarticulate. It's like people who use "ironically" when they mean "coincidentally" as in, "I bought milk at the store on my way home. Ironically, my mom bought some, too." How did she do that, while dressed as a cow?11-17-2012 04:58 PMLike 1
BTW - the same market principles are what causes prices to come down on many things we buy. It works both ways.11-17-2012 05:32 PM
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