Thread: c-mon razor question

Originally Posted by dave5225

How is this dishonest ? A person can ask whatever price they see fit , for whatever they're selling . There's nothing dishonest about it . An outrageous price should repel buyers , not seduce them .

I agree, there is nothing dishonest about setting what ever price you see fit -- AS LONG AS it is obvious to the purchasing party that it is the price YOU see fit... not the going price/value the market has set...

I also agree that an outrageous price should repel buyers -- IF the buyers are educated enough to know the price is outrageous...

If a buyer willing and knowingly pays a higher price for an item because he really, really wants it, then cool beans - that's HONEST to goodness capitalism at work.

However, if a seller KNOWS his price vastly exceeds fair market value, AND knows the reason he's about to close a sale is because the buyer isn't familiar enough with it to know the market value, then he is willingly and purposely taking advantage of buyer.

It's called 'price gouging' -- in this particular form of it the seller is intentionally trying to prey on a potential buyer's lack of knowledge... versus forcing him to pay a higher price out of inescapable need (such as charging $10 for a gallon of milk because a hurricane is coming and you know customers have no other choice than to pay it or go without milk...)

Hopefully this sheds a little more light on what I meant when I said, "If a seller knowingly posts an item at an outrageous price in hopes of seducing a buyer it is dishonest...".

As far as this particular eBay item/situation and its re-listing goes, I don't know if it's some kind of honest misunderstanding about his product... or really is an attempt to lure in - and take advantage of - and uneducated buyer. All I know is, I would stay away...