The markup is substantial(and I'm thinking the price is a tad high). but I'm also thinking his acquisition cost should not be held against him or really even considered by a purchaser. All are entitled to find the occasional "dream deal"(his purchase price was an aberition...but that happens) or how about the circumstance where a person is GIVEN a piece they really don't want.
Example: I'm currently negotiating to sell a very rare item but I foolishly let it slip that I had got it for a steal - it seems to have created a sticking point in the buyer's mind....apparently he would prefer that I had paid 99% of what I am asking for it. I 'm suggesting a buyer(of anything) should weight average market price, the intrinsic value to themselves, and the value of
ending their search -even window shopping consumes valuable time and money. Conversely, I think routine sellers should avoid getting into a "what did this individual piece" cost me mind-set. I'm thinking if you get two pieces for $100 each and a third for $300, but the current market price is $280, then your correct selling price for ANY of them is $280. Theoretically if you sell all three, your average $120 profit a piece. My $.02

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Nov. 2022 - back in business!! BItter divorce is in home stretch, come grabs some great deals, I had to open the safe . . . damn attorneys. piss.