Quote:
Originally Posted by Peter_Spaeth
Nearly all purchases are voluntary. How does that negate whether the price was driven by fraud? In my example I was "willing" to pay the higher price because I assumed the prior sale honestly reflected the market.
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I guess that gets back to the role of comps and just how much stock we should put in them. Just because someone else made a stupid decision about how much they were willing to pay doesn't mean that I should be similarly inclined.
But it also gets to trying to shift blame for your own stupid decisions. I tend to take a dim view when it comes to shifting the responsibility for our own actions, particularly when the demand is to be compensated for it.
Edited to add: To some extent, I'll also suggest that viewing cardboard as an investment is a large part of the problem. If you view the cards as something you enjoy, that maybe will hold its value if you're lucky, then your approach to setting a price that works for you is more about what it's worth to you, and less about what you think it will be worth in the future.