Reply 49240 of 56685, by gerry
TheAbandonwareGuy wrote on 2023-05-24, 04:49:... acquiring say an old video card for $5 then selling it for $320, because sure 64x profit is reasonable right? Not $50, not even $100 (which is still 20x profit.....). The only reason retro hardware has inflated in price is rich hipsters keep paying these insane prices, and scalpers are literally holding cards hostage. They'd rather sit on it for 6 months to a year priced in the hundreds of dollars range and wait for a rich sucker to buy it than sell it at a reasonable rate.
I'd agree its personally irritating when someone with more money comes along and buys a luxury/hobby item at a price i am not prepared (or able to buy), perhaps more so when i believe the seller has been hanging onto it for some time in anticipation of the eventual high price buyer
what i am not sure about is what the 'solution' is, even if there is any 'solution' either possible or necessary ? i cant think of a set of rules/laws for instance relating to limiting sales price multiples of cost price, limiting the time something can be on sale for, testing the 'genuineness' of the buyers interest in the item, arbitrary ceilings on leisure spending, various other subjective tests of worthiness and so on that would not have such as slew of 'unintended consequences' so as to completely wreck the whole process