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kingd33
Samba Member
Joined: June 03, 2004
Posts: 467
Location: Grand Rapids Michigan
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 Posted: Sun Jul 15, 2012 3:59 am Post subject: |
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| Dave24 wrote: |
| The Sage wrote: |
| Let's say I have a bus in a field in Michigan with no rust. it happens to be a clean two owner 15 window. . |
 ... Good one!. |
It was guarded by a unicorn |
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kingd33
Samba Member
Joined: June 03, 2004
Posts: 467
Location: Grand Rapids Michigan
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| Posted: Sun Jul 15, 2012 4:37 am Post subject: |
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My Grandfather inlaw was a Huge collector of stuff,He would buy buildings just to put his stuff in(investment properties).
Now my wife was in charge in getting the crap out of one of the places and had a huge sale "pennies on the dollar". We knew people were walking out with stuff worth hundreds of dollars that they paid $5 -$25, She even had one guy come up to her with a Model A part saying "Do you know this is worth over $100 " And my wifes response was "I'll take $5 for it ".
Just because someone accepts a low ball offer,It does not always mean they got screwed. |
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John M.
Samba Member
Joined: July 22, 2005
Posts: 3833
Location: Boulder, CO
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| Posted: Sun Jul 15, 2012 8:25 am Post subject: |
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| Lidpainter wrote: |
I see a 6 year old who I know has some baseball cards. I look through them and find a Mickey Mantle rookie card. I offer the kid a nickel for it. I then sell it for the $3000 I know it is really worth. He's happy with 5 cents so he was not taken. Is that correct? |
I'd do that deal all day long. Kids shouldn't need that much money anyways. There's no excuse for ignorance whether your 6 or 60. That's just the game of life.  
But in all reality, most businesses need to buy inventory at 50% of what it's worth to make sustainable revenue and cover expenses. So that $1000 trinket for $500 is MINIMUM what I am looking for. I personally look for the $100 item that is worth $500, and find it regularly....and both parties are satisfied.
The "pickers" have real expenses, and also get burned every now and then too. To sum it up, they allow these collectors to re-live some memories about their collection, and they part way with a few pieces at reasonable prices.
Most of those people will die with HUGE collections that will only burden their families. Now if the pickers were pulling up with a garbage truck and giving them $500 for their entire collection, that would be a different story.
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JiI
Samba Member
Joined: February 18, 2006
Posts: 1845
Location: Michigan
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| Posted: Sun Jul 15, 2012 8:46 am Post subject: |
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Mike and Frank tell the people that they can't pay retail as they have to make something off of the stuff. My wife and I were just at their Nashville store and they had a lot of really cool stuff. (They make most of their money there off of T-shirts. (We bought 2!) A few people there said that anything under $100 usually sells very quickly.) If they take the time, gas and expenses to go out and find something that someone may be looking for but not know where to find it, paying more would be expected. If you're out picking for yourself, then you can pay a lower price as you don't have the middleman. I've bought a few things and flipped them or bought a bunch of stuff in bulk then broke the collection down to make a profit. It's the same way many of us pay for our projects. (Except the early 356 guys who just sell a polo pony or lease out their time share in Madrid...)
Jeff |
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The Sage
Samba Member
Joined: December 10, 2005
Posts: 2470
Location: Traverse City
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| Posted: Sun Jul 15, 2012 5:32 pm Post subject: |
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| Lidpainter wrote: |
| I see a 6 year old who I know has some baseball cards. I look through them and find a Mickey Mantle rookie card. I offer the kid a nickel for it. I then sell it for the $3000 I know it is really worth. He's happy with 5 cents so he was not taken. Is that correct? |
When any of these shows start buying stuff from a six year old, then you can take the moral high ground. I don't think that is the case.
| Mr. In Your Dreams wrote: |
| Hey, I'll take that 2-owner 15-Window for $17K because I'm pretty sure I can almost double that, properly pimped and advertised to the right market. |
That's my point... Here, I'd be happy with the $17k
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Dunebubby
Samba Thread Killer
Joined: October 12, 2006
Posts: 882
Location: In my den,throwing darts at a picture of my ex-boss
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| Posted: Mon Jul 16, 2012 8:21 am Post subject: |
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Screw the six year old. He obviously screwed someone out of the Mantle rookie card. He likely didn't have the capitol to purchase it at face value and if he did he would have known it's value and never let it go for a nickle.
Nah,....I missed picked off
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"We buy things we don't need,..with money we don't have,...to impress people we don't even like". |
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obus 
Samba Member
Joined: March 08, 2001
Posts: 11071
Location: just off Garden State Parkway Exit 81
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| Posted: Wed Jul 18, 2012 1:18 pm Post subject: |
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| EverettB wrote: |
| The Sage wrote: |
| Lidpainter wrote: |
| American Pickers, Pawn Stars, Property Wars, Barter Kings etc. are all about profiting from the misery, desperation, ignorance and misfortune of others. I think the Pickers are the worst offenders. When I see Frank do the happy dance because he knowingly paid some old man/old woman/widow $35 for some item worth $1000 it is hard to watch. It's even more disgusting to me when he talks them down from $50 to $35 on that item. Nothing wrong with making a profit but have some scruples and be fair about it. |
It's just stuff. These businessmen have education, and a market that the sellers just don't have. Let's say I have a bus in a field in Michigan with no rust. I sell it for $500, the buyer fixes the engine, and cleans it up and sells it for $17,000 because it happens to be a clean two owner 15 window. Have I been taken? No, I am happy with the $500. Ignorance and misfortune? More like too lazy to make the effort to sell their stuff for nearly what it's worth. |
Hey, I'll take that 2-owner 15-Window for $17K because I'm pretty sure I can almost double that, properly pimped and advertised to the right market. |
and only if you put "ask" in the ad!!!
_________________
July 1959 Mango Standard Bus aka Obus L346 L347 https://www.thesamba.com/vw/forum/viewtopic.php?t=256592&highlight=
June 1973 Pumpkin Orange Thing aka Othing L30H
https://www.thesamba.com/vw/forum/viewtopic.php?t=711775&highlight=
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https://www.thesamba.com/vw/forum/viewtopic.php?t=...highlight=
66 21 window bus built 8/31/65 https://www.thesamba.com/vw/forum/viewtopic.php?t=777273 |
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crofty
Judas of the North
Joined: August 09, 2000
Posts: 19672
Location: Land of Whine and Phonies
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| Posted: Wed Jul 18, 2012 1:28 pm Post subject: |
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10 minutes is what I watched before I turned that crap.
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| HamburgerBrad wrote: |
I slept on crofty's tent once. I passed out drunk from two bottles of Everett's brother's wine. |
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EverettB
Administrator
Joined: April 11, 2000
Posts: 69829
Location: Phoenix Metro
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| Posted: Wed Jul 18, 2012 4:57 pm Post subject: |
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| obus wrote: |
| EverettB wrote: |
| The Sage wrote: |
| Lidpainter wrote: |
| American Pickers, Pawn Stars, Property Wars, Barter Kings etc. are all about profiting from the misery, desperation, ignorance and misfortune of others. I think the Pickers are the worst offenders. When I see Frank do the happy dance because he knowingly paid some old man/old woman/widow $35 for some item worth $1000 it is hard to watch. It's even more disgusting to me when he talks them down from $50 to $35 on that item. Nothing wrong with making a profit but have some scruples and be fair about it. |
It's just stuff. These businessmen have education, and a market that the sellers just don't have. Let's say I have a bus in a field in Michigan with no rust. I sell it for $500, the buyer fixes the engine, and cleans it up and sells it for $17,000 because it happens to be a clean two owner 15 window. Have I been taken? No, I am happy with the $500. Ignorance and misfortune? More like too lazy to make the effort to sell their stuff for nearly what it's worth. |
Hey, I'll take that 2-owner 15-Window for $17K because I'm pretty sure I can almost double that, properly pimped and advertised to the right market. |
and only if you put "ask" in the ad!!! |
Screw that... I'll price it straight out FIRM.
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savaden
Samba Member
Joined: May 03, 2012
Posts: 83
Location: North Carolina
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| Posted: Thu Jul 19, 2012 5:47 pm Post subject: |
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OK, so these shows are entertaining and you might learn something.
But for every item they show the probably buy ten.
For every item that they think they will double their money they have 5 that sell for what they paid or maybe less. That's how they get smart!
The right buyer has to come to their shop. You go into an antique store, that stuff is not flying off the shelves. A lot of the stuff that they buy is going to sit on the shelf for a while.
They have to make a living. I'm not quite sure how they do that, beyond what the show pays them. They certainly are not making a living off the stuff that you see them buy on the show. $50 here, $100 there. It's not adding up to much.
In any retail business the standard markup is 100%. Some stuff goes for higher margin, some for less. The margin on clutch discs, for example may be 400%.
It's hard to be completely fair. They are saving people the hassle of marketing their stuff. It's their expense and their risk. They should be rewarded for it.
SV |
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Lidpainter
Samba Anti-Hero
Joined: January 21, 2004
Posts: 2045
Location: 41.77 | -83.56
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| Posted: Thu Jul 19, 2012 6:10 pm Post subject: |
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| obus wrote: |
| EverettB wrote: |
| The Sage wrote: |
| Lidpainter wrote: |
| American Pickers, Pawn Stars, Property Wars, Barter Kings etc. are all about profiting from the misery, desperation, ignorance and misfortune of others. I think the Pickers are the worst offenders. When I see Frank do the happy dance because he knowingly paid some old man/old woman/widow $35 for some item worth $1000 it is hard to watch. It's even more disgusting to me when he talks them down from $50 to $35 on that item. Nothing wrong with making a profit but have some scruples and be fair about it. |
It's just stuff. These businessmen have education, and a market that the sellers just don't have. Let's say I have a bus in a field in Michigan with no rust. I sell it for $500, the buyer fixes the engine, and cleans it up and sells it for $17,000 because it happens to be a clean two owner 15 window. Have I been taken? No, I am happy with the $500. Ignorance and misfortune? More like too lazy to make the effort to sell their stuff for nearly what it's worth. |
Hey, I'll take that 2-owner 15-Window for $17K because I'm pretty sure I can almost double that, properly pimped and advertised to the right market. |
and only if you put "ask" in the ad!!! |
LOL!
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| EverettB wrote: |
| Thanks, time to bulk up on meat! |
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Oldbug.com
Pheasant Plucker
Joined: October 12, 2001
Posts: 1054
Location: Aguanga California
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| Posted: Thu Aug 16, 2012 1:37 pm Post subject: Pickin |
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Every single guy here enjoys the hunt. We all are looking for bargains out there and anyone that isnt is lying to you. There is a moral fine line between low ball and fair money and that line gets drawn between buyer and seller...the goal is that both parties are happy and smiling and exchange the greenbacks for the goods. Some folks moral lines are lower than others, some are higher...and for as many things we kid ourselves that we "profit" from, we lose our ass on others.
But the hunt...it is all about the hunt. I totally dig hunting for cool old stuff and love to get a bargain...just love it...and that is why I threw my name in the hat for the show...it looked like a ton of fun...and it was. It was totally awesome.
Barry and I have known each other for a long time and I know he is the king of the scroungers and a nice guy on top of it. We have travelled together before and got along fine and he is a wacky looking surf bum kinda guy that I figured would be a great character for the show...and he is always up for an adventure...So we went for it!
When we got to the hotel and then crawled into the van to go to where they were filming, all of our competitors were in the same vehicle. At one point, Rob, the cheerleader's boyfriend turned around totally out of the blue and asked Barry and I if we were into VWs. It seems he is too, and is a Samba member as well!! Totally cool dude.
Ive got some more funny stories of it if anyone cares to hear...a lot of stuff got cut out mashing a week worth of filming of four different teams into a one hour show.
Win or lose...I loved every minute of it. (and still think we should have won...even with the beetles!)
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Randy Carlson
http://www.oldbug.com
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Fish
Samba Member
Joined: December 05, 2000
Posts: 5563
Location: OB. It's beside the point.
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| Posted: Thu Aug 16, 2012 3:41 pm Post subject: |
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I was channel surfing and all of a sudden I said, "Hey, That's Randy" so I watched it. That's the only reason I watched it. looked like you guys had fun!
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