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Thread: Buying things specifically to sell for a profit.

  1. #376
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    Quote Originally Posted by erxbooks View Post
    So is the reverse true? If as a buyer you pay $10 for a book you know is worth $200, is that wrong as well?

    http://www.thedarktower.org/palaver/...l=1#post850832
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  2. #377
    Closet Flipper Frankie has a spectacular aura about Frankie has a spectacular aura about

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    Quote Originally Posted by Jimimck View Post
    Quote Originally Posted by Frankie View Post
    Quote Originally Posted by DoctorZaius View Post
    Quote Originally Posted by divemaster View Post
    Just as an intellectual (and hypothetical) exercise,

    Publisher offers a S/L edition of 200 copies; first come, first serve once the order page goes live.

    Let's say person A uses three credit cards and three addresses to order three S/L books, with the intent to flip two immediately at a 150% markup to offset the cost of the one to be kept and collected.

    Person B develops a computer program that is able to immediately purchase 75 copies at time of sale, using various suite numbers or boxes (and purchase order accounts). Person B then sells all 75 copies on eBay at a 100% markup.

    Both have "initial intent" of flipping for a profit. Both are gaming the system; just to a differing matter of degree.

    Are both A and B worthy of derision? Or praise for cleverness, for that matter? Or is one somehow ok and the other not?
    If I missed out and wanted the book, I would buy from either of them, no problem.
    You have "no problem" paying a 100% markup to someone that cheated the system in order to secure an enormous percentage of the available copies? Wow.
    Is your issue he "cheated the system" to buy them? Or that he is selling them at a profit? Or both?

    Do you see a difference to the person who logs in with two different accounts/cards/address and buys two copies to the guy who buys 70 copies in regard to "cheating the system"?
    Cheating is cheating. Sure, doing it 70 times is worse than once, but...

    Quote Originally Posted by bdwyer19 View Post
    Quote Originally Posted by Frankie View Post
    Quote Originally Posted by DoctorZaius View Post
    Quote Originally Posted by divemaster View Post
    Just as an intellectual (and hypothetical) exercise,

    Publisher offers a S/L edition of 200 copies; first come, first serve once the order page goes live.

    Let's say person A uses three credit cards and three addresses to order three S/L books, with the intent to flip two immediately at a 150% markup to offset the cost of the one to be kept and collected.

    Person B develops a computer program that is able to immediately purchase 75 copies at time of sale, using various suite numbers or boxes (and purchase order accounts). Person B then sells all 75 copies on eBay at a 100% markup.

    Both have "initial intent" of flipping for a profit. Both are gaming the system; just to a differing matter of degree.

    Are both A and B worthy of derision? Or praise for cleverness, for that matter? Or is one somehow ok and the other not?
    If I missed out and wanted the book, I would buy from either of them, no problem.
    You have "no problem" paying a 100% markup to someone that cheated the system in order to secure an enormous percentage of the available copies? Wow.
    As a buyer, you have no way of knowing if/how the seller cheated the system. So it's a moot point.
    Not necessarily true.

    Quote Originally Posted by ELazansky View Post
    Quote Originally Posted by Frankie View Post
    You have "no problem" paying a 100% markup to someone that cheated the system in order to secure an enormous percentage of the available copies? Wow.
    So let's step back for a second from your views of flippers, etc. Let's look at this from solely a book collector's perspective. If a S/L hit the market at $400 and you missed the chance to buy one the day or release, what would you do?

    1) Buy the book for $800 from the person who "cheated" the system
    2) Wait 6-12 months and hope to find a copy for between $400-$800
    3) Not buy a copy

    I agree that giving the seller the extra $400 would leave a bad taste in my mouth
    Sure, you gotta do what you gotta do if you want it in your collection. I'm like you, it would leave a bad taste in my mouth, whereas some people apparently it wouldn't.

  3. #378
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    Quote Originally Posted by Frankie View Post
    Quote Originally Posted by Jimimck View Post
    Quote Originally Posted by Frankie View Post
    Quote Originally Posted by DoctorZaius View Post
    Quote Originally Posted by divemaster View Post
    Just as an intellectual (and hypothetical) exercise,

    Publisher offers a S/L edition of 200 copies; first come, first serve once the order page goes live.

    Let's say person A uses three credit cards and three addresses to order three S/L books, with the intent to flip two immediately at a 150% markup to offset the cost of the one to be kept and collected.

    Person B develops a computer program that is able to immediately purchase 75 copies at time of sale, using various suite numbers or boxes (and purchase order accounts). Person B then sells all 75 copies on eBay at a 100% markup.

    Both have "initial intent" of flipping for a profit. Both are gaming the system; just to a differing matter of degree.

    Are both A and B worthy of derision? Or praise for cleverness, for that matter? Or is one somehow ok and the other not?
    If I missed out and wanted the book, I would buy from either of them, no problem.
    You have "no problem" paying a 100% markup to someone that cheated the system in order to secure an enormous percentage of the available copies? Wow.
    Is your issue he "cheated the system" to buy them? Or that he is selling them at a profit? Or both?

    Do you see a difference to the person who logs in with two different accounts/cards/address and buys two copies to the guy who buys 70 copies in regard to "cheating the system"?
    Cheating is cheating. Sure, doing it 70 times is worse than once, but...

    Quote Originally Posted by bdwyer19 View Post
    Quote Originally Posted by Frankie View Post
    Quote Originally Posted by DoctorZaius View Post
    Quote Originally Posted by divemaster View Post
    Just as an intellectual (and hypothetical) exercise,

    Publisher offers a S/L edition of 200 copies; first come, first serve once the order page goes live.

    Let's say person A uses three credit cards and three addresses to order three S/L books, with the intent to flip two immediately at a 150% markup to offset the cost of the one to be kept and collected.

    Person B develops a computer program that is able to immediately purchase 75 copies at time of sale, using various suite numbers or boxes (and purchase order accounts). Person B then sells all 75 copies on eBay at a 100% markup.

    Both have "initial intent" of flipping for a profit. Both are gaming the system; just to a differing matter of degree.

    Are both A and B worthy of derision? Or praise for cleverness, for that matter? Or is one somehow ok and the other not?
    If I missed out and wanted the book, I would buy from either of them, no problem.
    You have "no problem" paying a 100% markup to someone that cheated the system in order to secure an enormous percentage of the available copies? Wow.
    As a buyer, you have no way of knowing if/how the seller cheated the system. So it's a moot point.
    Not necessarily true.
    Unless someone has a reputation of being a flipper, how exactly would you know?

  4. #379
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    A true and somewhat related story of flipping, laziness, and how everything has a price...


    This story occurred back in my college days at Texas A&M...before "the chosen one" arrived (Johnny Manziel). I found a pretty nice shirt at the mall while I was looking through Dillard's clearance racks. I paid about $45 for the shirt. I got home and tried it on with some actual pants that I thought would work with the shirt. My roommate shows up and says, "how much you want for the shirt?" I looked at him quizzically and replies, "I just bought this dang shirt dood. I'm not selling it." He asks how much I paid and I tell him $45. He says, i'll give you $50! I say "no". 10 minutes later after a "name your price back and forth" he hands over $75, and I give him his new shirt. Did I feel bad?? Slightly. Mostly I was just amused by how much he "needed/wanted" the shirt I had just bought.


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  5. #380
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    Quote Originally Posted by thegunslinger41 View Post
    A true and somewhat related story of flipping, laziness, and how everything has a price...


    This story occurred back in my college days at Texas A&M...before "the chosen one" arrived (Johnny Manziel). I found a pretty nice shirt at the mall while I was looking through Dillard's clearance racks. I paid about $45 for the shirt. I got home and tried it on with some actual pants that I thought would work with the shirt. My roommate shows up and says, "how much you want for the shirt?" I looked at him quizzically and replies, "I just bought this dang shirt dood. I'm not selling it." He asks how much I paid and I tell him $45. He says, i'll give you $50! I say "no". 10 minutes later after a "name your price back and forth" he hands over $75, and I give him his new shirt. Did I feel bad?? Slightly. Mostly I was just amused by how much he "needed/wanted" the shirt I had just bought.


    G
    I hope you threw in the pants that matched!

  6. #381
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    Quote Originally Posted by The Library Policeman View Post
    Quote Originally Posted by thegunslinger41 View Post
    A true and somewhat related story of flipping, laziness, and how everything has a price...


    This story occurred back in my college days at Texas A&M...before "the chosen one" arrived (Johnny Manziel). I found a pretty nice shirt at the mall while I was looking through Dillard's clearance racks. I paid about $45 for the shirt. I got home and tried it on with some actual pants that I thought would work with the shirt. My roommate shows up and says, "how much you want for the shirt?" I looked at him quizzically and replies, "I just bought this dang shirt dood. I'm not selling it." He asks how much I paid and I tell him $45. He says, i'll give you $50! I say "no". 10 minutes later after a "name your price back and forth" he hands over $75, and I give him his new shirt. Did I feel bad?? Slightly. Mostly I was just amused by how much he "needed/wanted" the shirt I had just bought.


    G
    I hope you threw in the pants that matched!
    Now wait a moment, I would hope he kept his pants on!! LOL
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  7. #382
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    Is your issue he "cheated the system" to buy them? Or that he is selling them at a profit? Or both? Do you see a difference to the person who logs in with two different accounts/cards/address and buys two copies to the guy who buys 70 copies in regard to "cheating the system"?

    "Cheating is cheating. Sure, doing it 70 times is worse than once, but..."
    Well it seems you have an issue with a good chunk of collectors here, as I am aware that it is rather common place to have at least two seperate accounts/cards to buy more than one limited edition book.

  8. #383
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    Quote Originally Posted by Jimimck View Post
    Is your issue he "cheated the system" to buy them? Or that he is selling them at a profit? Or both? Do you see a difference to the person who logs in with two different accounts/cards/address and buys two copies to the guy who buys 70 copies in regard to "cheating the system"?

    "Cheating is cheating. Sure, doing it 70 times is worse than once, but..."
    Well it seems you have an issue with a good chunk of collectors here, as I am aware that it is rather common place to have at least two seperate accounts/cards to buy more than one limited edition book.
    I'm not saying I disagree or agree with flipping so please don't attack me but why do some small press publishers have rules against a single customer buying more than one copy if the practice is not frowned upon in some way? It seems like the publisher would not care as long as the books were being sold but CD and SP both had a rule about not buying more than one copy per address, I'm just asking and not attacking anyone

  9. #384
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    Quote Originally Posted by Tommy View Post
    Quote Originally Posted by Jimimck View Post
    Is your issue he "cheated the system" to buy them? Or that he is selling them at a profit? Or both? Do you see a difference to the person who logs in with two different accounts/cards/address and buys two copies to the guy who buys 70 copies in regard to "cheating the system"?

    "Cheating is cheating. Sure, doing it 70 times is worse than once, but..."
    Well it seems you have an issue with a good chunk of collectors here, as I am aware that it is rather common place to have at least two seperate accounts/cards to buy more than one limited edition book.
    I'm not saying I disagree or agree with flipping so please don't attack me but why do some small press publishers have rules against a single customer buying more than one copy if the practice is not frowned upon in some way? It seems like the publisher would not care as long as the books were being sold but CD and SP both had a rule about not buying more than one copy per address, I'm just asking and not attacking anyone
    If I had to guess, I'd say the rule is there to keep someone from buying up all the copies and reselling them at a large markup. But that probably depends on the author and popularity of a given book.

    It could be part of the contracts they sign with the authors as well.

  10. #385
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    I would also say that the small press publishers of King's works seem more in touch with the King fans and want to give them all a more or less equal chance to get a book.

    John

  11. #386
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    Quote Originally Posted by jhanic View Post
    I would also say that the small press publishers of King's works seem more in touch with the King fans and want to give them all a more or less equal chance to get a book.

    John
    This.
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  12. #387
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    I guess Carrie flipping debate was fruitless....

  13. #388
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    Quote Originally Posted by sharki69 View Post
    I guess Carrie flipping debate was fruitless....
    How so? I found it very fruitful. It was entertaining if nothing else.
    "One day you're going to figure out that everything they taught you was a lie."

  14. #389
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    Quote Originally Posted by Br!an View Post
    Quote Originally Posted by sharki69 View Post
    I guess Carrie flipping debate was fruitless....
    How so? I found it very fruitful. It was entertaining if nothing else.
    Fruitless in the meaning of flipping not entertaining ...

  15. #390
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    So who is going to try and buy a Lettered Carrie from PS with the intent of flipping it for a profit? I wonder if there is any profit to be made considering the issue price.

  16. #391
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    Quote Originally Posted by Jimimck View Post
    So who is going to try and buy a Lettered Carrie from PS with the intent of flipping it for a profit? I wonder if there is any profit to be made considering the issue price.
    I think a better question would be - if you are planning to buy the book and do not get one of the 26, how much would you be willing to pay from a "flipper" to get a copy? $6000? $8000?

  17. #392
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    Quote Originally Posted by sharki69 View Post
    Quote Originally Posted by Br!an View Post
    Quote Originally Posted by sharki69 View Post
    I guess Carrie flipping debate was fruitless....
    How so? I found it very fruitful. It was entertaining if nothing else.
    Fruitless in the meaning of flipping not entertaining ...
    I still don't see it as fruitless. Stroppy wanted opinions about the idea of flipping the lettered Carrie. He/we certainly got that.

    I/we learned a lot. We learned that most of us accept capital exploitation as a fact of life whether we like it or not. We learned that some people do have moral objections of varying degrees to the practice. We learned that most members can participate in a discussion in a civil manner and that some are less able. We learned that most of us have participated in the secondary market. We learned that most (all?) of us are collectors/fans, despite reselling, rather than profiteers.

    We also learned that opinions on flipping high end collectible books is a subjective matter. To someone who has a $#!+pot full of money it might well be a way to make a quick profit. To most collectors we just want to get the book we want to collect. To most Stephen King fans it doesn't matter one way or another as long as they get to read the story. To most of the world it is of no importance whatsoever.
    "One day you're going to figure out that everything they taught you was a lie."

  18. #393
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    Quote Originally Posted by ELazansky View Post
    Quote Originally Posted by Jimimck View Post
    So who is going to try and buy a Lettered Carrie from PS with the intent of flipping it for a profit? I wonder if there is any profit to be made considering the issue price.
    I think a better question would be - if you are planning to buy the book and do not get one of the 26, how much would you be willing to pay from a "flipper" to get a copy? $6000? $8000?
    That is a much better question.
    "One day you're going to figure out that everything they taught you was a lie."

  19. #394
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    Quote Originally Posted by Br!an View Post
    Quote Originally Posted by sharki69 View Post
    Quote Originally Posted by Br!an View Post
    Quote Originally Posted by sharki69 View Post
    I guess Carrie flipping debate was fruitless....
    How so? I found it very fruitful. It was entertaining if nothing else.
    Fruitless in the meaning of flipping not entertaining ...
    I still don't see it as fruitless. Stroppy wanted opinions about the idea of flipping the lettered Carrie. He/we certainly got that.

    I/we learned a lot. We learned that most of us accept capital exploitation as a fact of life whether we like it or not. We learned that some people do have moral objections of varying degrees to the practice. We learned that most members can participate in a discussion in a civil manner and that some are less able. We learned that most of us have participated in the secondary market. We learned that most (all?) of us are collectors/fans, despite reselling, rather than profiteers.

    We also learned that opinions on flipping high end collectible books is a subjective matter. To someone who has a $#!+pot full of money it might well be a way to make a quick profit. To most collectors we just want to get the book we want to collect. To most Stephen King fans it doesn't matter one way or another as long as they get to read the story. To most of the world it is of no importance whatsoever.
    Nicely summarised Brian
    "A real limited edition, far from being an expensive autograph stapled to a novel, is a treasure. And like all treasures do, it transforms the responsible owner into a caretaker, and being a caretaker of something as fragile and easily destroyed as ideas and images is not a bad thing but a good one...and so is the re-evaluation of what books are and what they do that necessarily follows." - Stephen King

  20. #395
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    Quote Originally Posted by Br!an View Post
    To most of the world it is of no importance whatsoever.
    THIS!

    Most of my "normal" peers would shit kittens if they knew how much I spend on books
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    DT VII: Michael Whelan Remarque

  21. #396
    Other worlds Patrick has a reputation beyond repute Patrick has a reputation beyond repute Patrick has a reputation beyond repute Patrick has a reputation beyond repute Patrick has a reputation beyond repute Patrick has a reputation beyond repute Patrick has a reputation beyond repute Patrick has a reputation beyond repute Patrick has a reputation beyond repute Patrick has a reputation beyond repute Patrick has a reputation beyond repute Patrick's Avatar

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    Well stated, Br!an.

    The problem with Eric's question is that any answer over the MSRP is going to encourage flippers and thereby increase the competition when the publisher goes live with the sale.
    "...that Siren which called and sang and promised so much and gave, after all, so little." ~ Ray Bradbury

  22. #397
    Owner Randall Flagg is loved more than Jesus Randall Flagg is loved more than Jesus Randall Flagg is loved more than Jesus Randall Flagg is loved more than Jesus Randall Flagg is loved more than Jesus Randall Flagg is loved more than Jesus Randall Flagg is loved more than Jesus Randall Flagg is loved more than Jesus Randall Flagg is loved more than Jesus Randall Flagg is loved more than Jesus Randall Flagg is loved more than Jesus Randall Flagg's Avatar

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    This hasn't been discussed in a bit (in this thread).

  23. #398
    Getting it on. at_one has a spectacular aura about at_one has a spectacular aura about at_one has a spectacular aura about at_one's Avatar

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    I hate the idea that people will buy 5-10 copies of a book just to flip 6 or 7 of them down the road. This creates a false supply/demand, and can jack up prices for guys like me that don't "collect" SK on a daily basis. Hell, I took a 2 year break from collecting and have a ton to catch up on!!!

  24. #399
    Citizen of Gilead AstroDad is a name known to all AstroDad is a name known to all AstroDad is a name known to all AstroDad is a name known to all AstroDad is a name known to all AstroDad is a name known to all AstroDad's Avatar

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    Quote Originally Posted by Iwritecode View Post

    As far as I know, it's still illegal to stand in front of a venue and sell tickets to the concert/sporting event for more than face value. Yet it perfectly legal to scalp them online.
    This depends on the state and how far from the venue you stand. In Texas you basically just need to be a block away

  25. #400
    Citizen of Gilead AstroDad is a name known to all AstroDad is a name known to all AstroDad is a name known to all AstroDad is a name known to all AstroDad is a name known to all AstroDad is a name known to all AstroDad's Avatar

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    Quote Originally Posted by AstroDad View Post
    Quote Originally Posted by Iwritecode View Post

    As far as I know, it's still illegal to stand in front of a venue and sell tickets to the concert/sporting event for more than face value. Yet it perfectly legal to scalp them online.
    This depends on the state and how far from the venue you stand. In Texas you basically just need to be a block away
    whoops, just noticed this is a two year old convo...

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