Profit margins

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Posted By: barrysloate

There is this whole theory that very wealthy people are too busy to shop around, so they don't mind overpaying for something they want. But I don't entirely buy that. Nobody likes to be taken advantage of, especially when they put their trust in someone to do them right.

There are many wealthy collectors who will go to a book dealer and request that he put together a significant library for them of first editions, for example. But implied in that request is the hope to be treated fairly. That is what I think is missing when a common book worth $400 is listed at $2800. It's disrespectful to the buyer.