Quote:
Originally Posted by albert_dao
Okay let me pose this question:
At which point does it become profiteering? Is it when the $$$ earned extends beyond the original value of the coral? Is it when the sale price is inflated to market value? Is it when a coral is parted out to recover costs? Etc, etc, etc... Seems pretty gray to me.
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I would argue the line is crossed when you full well know your taking advantage of a fellow hobbyist.
Let me give you an example;
Seller A buys zoas that lack a specific trade name from LFS. They then proceed to name said coral themselves to improve its ability to sell (lets face it, named stuff goes for more EVERY time).
This seller then posts these zoas for sale, priced per polyp at $35 exclaiming what a major deal these are. He/she goes on to state that if you don't buy now the price will increase DOUBLE to $75 per polyp.
Seller A is pretty much saying these are 50% off at the moment indicating they are heavily reducing the price to be an AMAZING person and sell you some unreal coral a wicked deal!
Sadly Seller A probably bought that unnamed zoa rock from a local LFS at around $50, if all 10 polyps sell @ $35 then $300 profit has been made or 600% profit.
That is personally what I consider profiteering