Reply 620 of 719, by gerry
Plasma wrote on 2022-06-27, 05:21:
A lot of what is described in this thread is not even scalping, which is why I put the word in quotes. Some people just refuse to acknowledge the increase in fair market value for items which are no longer produced yet increasing in demand.
a good point
as ludicrous as some prices are, and as annoying as it is to be outbid by someone on a great deal only to see that same item offered at double the price by the winner later, i think what actually happened is you got outbid and nothing more
as another observation about new goods and scalpers - the company sets a price it thinks is optimal, ie will sell the target number of units. Naturally that price will be too high for some but it will also be well below the price some buyers are willing to pay. Retail prices are difficult to set in such a way as to take advantage of those people willing to pay more - although in a limited fashion that's what happens when a new product is released, it starts with a high price and it drops slowly.
Anyway, a scalper in this sense is really only focussed on a small group of people who are willing to spend more. if 1000 people are willing to buy a thing for $200 but of them about 100 eager buyers would have bought it at $400 then a scalper, knowing this, can buy lots of things at $200 and sell for double to the 100 eager buyers. they are taking advantage of the retailers inability to fine tune prices by buyer. By doing that however they get in the way of regular buyers and result in delays in supply, invite scams to trick the impatient and generally mess things up!