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Re: [OM] [OT] Re: Ebay and other ripoffs

Subject: Re: [OM] [OT] Re: Ebay and other ripoffs
From: Gary Reese <pcacala@xxxxxxxxxxxxx>
Date: Thu, 04 Jan 2001 17:31:59 -0800
Mike S. writes:

<< given that many resellers base their price on Ebay averages? >>

Huh? Not the smart ones. An simple eBay average is now statistically
confounded by:
1) an average of all condition grades auctioned
2) an average of all classes of sellers and levels of guarantees
3) an average of all countries of origin.

I submit that a simple average of all sales for a particular item does
not its define market value, and is, most certainly, statistically
meaningless.

This argument doesn't even take into account value-added packaging, like
cases, filters, cables, caps, hoods, batteries, . . .

<< Did anybody else see the price of local Yashicamat TLR's rise to meet
the temporary price spikes that a small handful of individuals caused on
Ebay? >>

A major camera store owner told me a few weeks ago: "the student market
keeps the us in business." It is a case of cyclic supply and demand.

Gary Reese
Las Vegas, NV


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