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captain emo

Market value my foot

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captain emo    10
captain emo

Maybe I'm just becoming an old cynic but I'm pretty sure I'm not the only one looking at the market values on some auctions and thinking "yeah right pull the other one".

 

I'm only using the gaming category as an example but have seen it other categories as well (MP3 modulators for one)

 

Seller was selling 4 second hand ps2 games, nothing spectacular and put the market value at R700. Thats R175 per game. Now a quick flick through a magazine or a trip through a mall will show you that the average price for ps2 games is around R129 for a new game. Note new game not second hand.

 

The exception would be if the games were something rare like Kingdom hearts or something in the Shin Megami Tensei series of games or some rare import that barely saw the light of day outside Japan. If that were the case then yes by all means the R700 would be justified even secondhand but when you have things like Tiger Woods 2006 (have to practically pay people to buy that from you) secondhand then you really are delusional if you believe the market value to be R700.

 

As I have said this applies to other categories as well and is in my humble opinion not fair to buyers, particulary those that do not have access to a large number of retailers to compare prices, as it leads them to believe they are buying something with a greater market value than reality. This may very well factor into the mindset of "hey I'm getting a bargain" and may in extreme cases result in the person paying a price much higher than market value. Where I come from I call that fraud.

 

I don't know how feasible it would be for BoB to monitor so called market values but until there is some kind of checks and balances in place, dodgy sellers will rip the ring out of it and continue to ruin Bob for others.

 

Guess the only thing I can say till then to all buyers is do your homework and know what something is actually worth.

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Just Beachin    10
Just Beachin

Why do you want to create so many rules, that bob admin has to follow up on?

Do you want to pay more in sales fees? (more staff)

How about Preventing all the farmers and rural folk, 100's of K's from the city center, from getting what they need, without the driving costs, phone calls and time it takes to acquire the item.

Do you really believe in a more socialist/ communist system should be in place? Do you like being told how you should spend your money?

It is the responsibility of the buyer to research market value, and the buyers choice to pay what they want to.

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captain emo    10
captain emo

The issue is not what it would cost to get an item to a rural person, there is a cost to cover that. Its called shipping costs therefore your argument about costs to locate and get a product delivered is irrelevant.

 

Market value is the average value that a good can be sold for in an open market in other words the fact that it may be higher in a rural area does not make that the market value, it makes it the upper end of the market price and in no way indicative of the market as a whole. Maybe if we were discussing micro markets your argument would have some weight but as Bob caters to SA as a whole that isnt the case.

 

To label me as socialist/communist for not wanting buyers to be exploited, that doesnt bug me at all. I'm actually pro responsible capitalism but whatever helps you sleep at night. All you have done is expose your own bias towards exploitive capitalism but thats fine because hey that works so well if you overlook the screwed up economy and fiscal crisis thing. Thanks for turning a post about market value into a political discussion ass!

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Jongleur    10
Jongleur
The issue is not what it would cost to get an item to a rural person, there is a cost to cover that. Its called shipping costs therefore your argument about costs to locate and get a product delivered is irrelevant.

 

Market value is the average value that a good can be sold for in an open market in other words the fact that it may be higher in a rural area does not make that the market value, it makes it the upper end of the market price and in no way indicative of the market as a whole. Maybe if we were discussing micro markets your argument would have some weight but as Bob caters to SA as a whole that isnt the case.

 

To label me as socialist/communist for not wanting buyers to be exploited, that doesnt bug me at all. I'm actually pro responsible capitalism but whatever helps you sleep at night. All you have done is expose your own bias towards exploitive capitalism but thats fine because hey that works so well if you overlook the screwed up economy and fiscal crisis thing. Thanks for turning a post about market value into a political discussion ass!

 

Sales and marketing has never been a science . No absolutes exist. Supply and demand is all it takes.

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captain emo    10
captain emo

Supply and demand in a macro market yes, not using the top end that you would be able to get because you are selling the goods in the ass end of nowhere.

 

As stated in my original post the element of new versus second hand also needs to be taken into account. A new BMW M3 doesnt have the same market value as a second hand one regardless of where you sell it.

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Just Beachin    10
Just Beachin
The issue is not what it would cost to get an item to a rural person, there is a cost to cover that. Its called shipping costs therefore your argument about costs to locate and get a product delivered is irrelevant.

 

Market value is the average value that a good can be sold for in an open market in other words the fact that it may be higher in a rural area does not make that the market value, it makes it the upper end of the market price and in no way indicative of the market as a whole. Maybe if we were discussing micro markets your argument would have some weight but as Bob caters to SA as a whole that isnt the case.

 

To label me as socialist/communist for not wanting buyers to be exploited, that doesnt bug me at all. I'm actually pro responsible capitalism but whatever helps you sleep at night. All you have done is expose your own bias towards exploitive capitalism but thats fine because hey that works so well if you overlook the screwed up economy and fiscal crisis thing. Thanks for turning a post about market value into a political discussion ass!

 

 

Them there are fightin words, stranger! (Gee Whizz can you handle this young whip, he can't read good, like you)

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captain emo    10
captain emo

Typical. Call someone out on their argument and they call in the old boys club. Sorry Oom but the good old days as you would call them are over and the young whips as you put it don't blindly just accept what people try forcefeed us.

 

I mean no offence to the more senior members who are actually level headed enough to have a meaningful discussion with a young whip without getting offended when I dont share your point of view.

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admin    0
admin

Play nice kids, argue the post not the poster. Thank you.

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Jongleur    10
Jongleur
Typical. Call someone out on their argument and they call in the old boys club. Sorry Oom but the good old days as you would call them are over and the young whips as you put it don't blindly just accept what people try forcefeed us.

 

I mean no offence to the more senior members who are actually level headed enough to have a meaningful discussion with a young whip without getting offended when I dont share your point of view.

 

Oom ? I thought Just Beachin was a girl. Damn. Talk about knowing your market.

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voldermort    10
voldermort
Maybe I'm just becoming an old cynic but I'm pretty sure I'm not the only one looking at the market values on some auctions and thinking "yeah right pull the other one".

 

I'm only using the gaming category as an example but have seen it other categories as well (MP3 modulators for one)

 

Seller was selling 4 second hand ps2 games, nothing spectacular and put the market value at R700. Thats R175 per game. Now a quick flick through a magazine or a trip through a mall will show you that the average price for ps2 games is around R129 for a new game. Note new game not second hand.

 

The exception would be if the games were something rare like Kingdom hearts or something in the Shin Megami Tensei series of games or some rare import that barely saw the light of day outside Japan. If that were the case then yes by all means the R700 would be justified even secondhand but when you have things like Tiger Woods 2006 (have to practically pay people to buy that from you) secondhand then you really are delusional if you believe the market value to be R700.

 

As I have said this applies to other categories as well and is in my humble opinion not fair to buyers, particulary those that do not have access to a large number of retailers to compare prices, as it leads them to believe they are buying something with a greater market value than reality. This may very well factor into the mindset of "hey I'm getting a bargain" and may in extreme cases result in the person paying a price much higher than market value. Where I come from I call that fraud.

 

I don't know how feasible it would be for BoB to monitor so called market values but until there is some kind of checks and balances in place, dodgy sellers will rip the ring out of it and continue to ruin Bob for others.

 

Guess the only thing I can say till then to all buyers is do your homework and know what something is actually worth.

 

 

 

This has been brought up before and the answer is always “the onus is on the buyer to know & be aware of what they are buying”. Not having access to many retailers is no excuse for not getting some guidelines on a price, even if living in the sticks as simply put if a buyer is on BoB that means they have internet access and can then google the item & voila, prices shall appear. It is than up to said buyer to compare these prices.

With a free market, it is up to the seller to determine what price they are willing/wanting to sell their items – if the price is unsatisfactory to any potential buyer they should just move along and purchase elsewhere.

I doubt very much this could be called fraud – just as an example....Pick ‘N Pay ready roast chickens sell for R45.99, when I stopped at Woolworths on Sunday to buy the exact same item I was charged a whopping R63.99.........same item, very different price. It was up to me as the buyer, to either pay the price or get out.......could I call Woolworths out on a charge of fraud seeing as Pick “N Pay sells the same thing for R45.99? I doubt it.

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Not1CentMore    10
Not1CentMore

('playing nice') .... IMHO

 

'Beauty is in the eye of the beholder'. What one sees as 'beauty', another might see as down right 'hit with a whole forest of ugly sticks'. Same with value. One person may see it is having x-value and another as 'you couldn't pay me to take that off your hands'.

 

Most advertising is 'shoot for the moon' and hope it 'lands' somewhere north of 'profit'. The 'salesman' has always had a 'bag of tricks'. Everything is 'lollipops' and 'roses'. A saavy customer will look past the wrapper on the candy and the wilting petals on the rose and decide for themselves whether or not the item has value... and how much... and then decide whether to 'plop' their hard earned cash on the table or 'take a walk'. A 'smart' salesman also has a 'bag of tricks'. They will offer the lollipop with its wrapper and a freshly picked rose, concerning themselves more with buyer satisfaction, repeat business and buyer referral than a single big cha-ching at the end of one day.

 

Are some things over-valued? Yes. Are some things highly over-rated? You betchya. But it all comes back down to being an 'informed' consumer. If they feel they can get better value elsewhere, it is 'one foot in front of the other'....right out the door. If they don't 'walk', then they get what they paid for at the price they paid for it.

 

That is the way the 'free market' works.

 

Ruthie

Edited by Not1CentMore

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Just Beachin    10
Just Beachin
Oom ? I thought Just Beachin was a girl. Damn. Talk about knowing your market.

 

You are almost right, I Am Woman!! :bigsmile:

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Jongleur    10
Jongleur
This has been brought up before and the answer is always “the onus is on the buyer to know & be aware of what they are buying”. Not having access to many retailers is no excuse for not getting some guidelines on a price, even if living in the sticks as simply put if a buyer is on BoB that means they have internet access and can then google the item & voila, prices shall appear. It is than up to said buyer to compare these prices.

With a free market, it is up to the seller to determine what price they are willing/wanting to sell their items – if the price is unsatisfactory to any potential buyer they should just move along and purchase elsewhere.

I doubt very much this could be called fraud – just as an example....Pick ‘N Pay ready roast chickens sell for R45.99, when I stopped at Woolworths on Sunday to buy the exact same item I was charged a whopping R63.99.........same item, very different price. It was up to me as the buyer, to either pay the price or get out.......could I call Woolworths out on a charge of fraud seeing as Pick “N Pay sells the same thing for R45.99? I doubt it.

 

Point. At least you can walk away from the poor hoender roasted to perfection. But today I was forcefed school fees, school clothing,

stationery and all things educational. Plus 16 % hikes for Eskom for the next 5 years. And this is January.

 

So while I am happily getting screwed I will make sure that my point of view is the final word on the whole matter. When

I have finished paying I will happily hand this responsibility over to the younger set.

Edited by Jongleur

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Jongleur    10
Jongleur
You are almost right, I Am Woman!! :bigsmile:

 

Thank goodness. I thought I was slipping. Nouja, Tannie. I think your impetuous nature becomes you.

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alloway65    10
alloway65
You are almost right, I Am Woman!! :bigsmile:

 

Correction JB..........you are a Real LADY!!!

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Jongleur    10
Jongleur
This has been brought up before and the answer is always “the onus is on the buyer to know & be aware of what they are buying”. Not having access to many retailers is no excuse for not getting some guidelines on a price, even if living in the sticks as simply put if a buyer is on BoB that means they have internet access and can then google the item & voila, prices shall appear. It is than up to said buyer to compare these prices.

With a free market, it is up to the seller to determine what price they are willing/wanting to sell their items – if the price is unsatisfactory to any potential buyer they should just move along and purchase elsewhere.

I doubt very much this could be called fraud – just as an example....Pick ‘N Pay ready roast chickens sell for R45.99, when I stopped at Woolworths on Sunday to buy the exact same item I was charged a whopping R63.99.........same item, very different price. It was up to me as the buyer, to either pay the price or get out.......could I call Woolworths out on a charge of fraud seeing as Pick “N Pay sells the same thing for R45.99? I doubt it.

 

And then I get this :

 

Leonard...._beer_r.jpg.e944c33e03688dc6e8ba99a87c3d53e1.jpg

 

Could this be indicative of an underlying problem ? Is the kitchen about to get torched ?

Perhaps I should buy a few roast chickens.

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voldermort    10
voldermort
Point. At least you can walk away from the poor hoender roasted to perfection. But today I was forcefed school fees, school clothing,

stationery and all things educational. Plus 16 % hikes for Eskom for the next 5 years. And this is January.

 

So while I am happily getting screwed I will make sure that my point of view is the final word on the whole matter. When

I have finished paying I will happily hand this responsibility over to the younger set.

 

 

You can hand it over to the younger set, whether they will accept it is another story :weeabooface: after receiving the statement for varsity fees for this year I am more than ready to hand it over :sick:

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voldermort    10
voldermort
And then I get this :

 

[ATTACH=CONFIG]4405[/ATTACH]

 

Could this be indicative of an underlying problem ? Is the kitchen about to get torched ?

Perhaps I should buy a few roast chickens.

 

Perhaps, but steer clear of Woolworths - with almost R20.00 difference I would have imagined I were getting a lemon/herb chicken, at the least with a touch of garlic............bugger all, just a not very well done flavourless bird :suspicious: shall not be stopping there again for chickens

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ATA STAMP CENTRE    10
ATA STAMP CENTRE
Perhaps, but steer clear of Woolworths - with almost R20.00 difference I would have imagined I were getting a lemon/herb chicken, at the least with a touch of garlic............bugger all, just a not very well done flavourless bird :suspicious: shall not be stopping there again for chickens

Sam,you missed the terms and conditions.Woolies have been advertising on tv the whole week that buy one chicken and you get a second one at 1/2 price,now that is like a bob buyer not reading the listing!!:awesome:

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voldermort    10
voldermort
Sam,you missed the terms and conditions.Woolies have been advertising on tv the whole week that buy one chicken and you get a second one at 1/2 price,now that is like a bob buyer not reading the listing!!:awesome:

 

bloody hell & dammit, I was conned :disgusted: I was sooo close to buying two underdone flavourless birds for the same price at Woolies that I could have bought two better flavoured well grilled birds at normal price at Pick "N Pay.........something somewhere does not seem right :unsure:

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Miss Jewels    10
Miss Jewels

The Woolies special was on for the whole week so guess where I was? I buy 2 chickens daily as my son eats 1½ each day (rugby protein diet).....

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voldermort    10
voldermort
The Woolies special was on for the whole week so guess where I was? I buy 2 chickens daily as my son eats 1½ each day (rugby protein diet).....

 

mmm, Dimitri eats 1/2 chicken daily (Dimitri's special diet) :toung:

Edited by voldermort

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captain emo    10
captain emo

The fact that woolies sells chickens at a higher price than pick n pay is a poor example. Firstly they cater to different lsm markets and secondly they claim them to be different products (or at least woolies does with their whole the difference thing).

 

My point is what a product on Bob may be priced at, its what its advertised market value is. An inflated market value makes the fact that the price is lower seem more attractive.

 

As for the onus being on the buyer to research everything before bidding what a crock, you are assuming that the fact that an individual in a rural area may be access bob means he/she has access for enough time to sit and research every little item they have the remotest interest in. How about the onus being on bob to grow a freaking pair and not allow sellers to put in inflated market values. Do away with it entirely if it isnt linked to anything resembling reality.

 

Bob hides behind the fact that they are merely a platform. Money got swiped by a seller, not their problem. Postage charges excessive, not their problem. A real estate agent is also only a platform/intermediary but they would have to tell you what the market value for a property is.

 

As for not knowing Jb is a female, I'm not part of the forum old boys club so i wouldn't know or care. Jammer Tannie dit sal nie weer gebeur nie.

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lilythepink    10
lilythepink
And then I get this :

 

[ATTACH=CONFIG]4405[/ATTACH]

 

Could this be indicative of an underlying problem ? Is the kitchen about to get torched ?

Perhaps I should buy a few roast chickens.

 

 

Oh dear. Not again??

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lilythepink    10
lilythepink
Sam,you missed the terms and conditions.Woolies have been advertising on tv the whole week that buy one chicken and you get a second one at 1/2 price,now that is like a bob buyer not reading the listing!!:awesome:

 

Have we given up boycotting Woollies? Why haven't I been told?? (Never mind that our little granny-type woollies doesn't have a food section!)

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