Thread: SCP Winnings
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Old 12-02-2012, 07:23 PM
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Abravefan11 Abravefan11 is offline
Tim
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Location: Virginia
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Fair market value and market price are two completely different things.

If I were to enter into a negotiation with someone privately for a card, we would both use past and recent prices to negotiate a sales number we can come to agreement on. This is fair market value.

Market price is exactly what something sells for at a given time.

Fair market value can be drastically different than market price with even a slight change of a few variables.

The bottom line is this when bidding on a card or anything else.

1) What do I believe the item should sell for at fair market value?
2) What am I willing to pay below/over fair market value for the item?

If the answer to question 2 is over fair market value, how much?
If how much, what can you afford and are willing to spend?

If your answers to all of those questions exceeds the answers of someone else, congratulations you win.
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Last edited by Abravefan11; 12-02-2012 at 07:25 PM.
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