15-12-2011, 06:56 PM
(15-12-2011, 04:11 PM)Skywave Wrote: Quote, Dennis Hoy: "Perhaps this is the way to save the sets..... make folk think they are valuable!"
I hate to sound trite and use a well-hackneyed cliché, but there is a good deal of truth in the saying: "Something is (only) worth as much as what someone will pay for it". However, to me, that causes some concern: if any item repeatedly changes hands, with a profit for the vendor made in each transaction, at what point does that profit 'level out'? And what happens to said item then?Al.
The point is reached when you cannot sell it for a profit. It is a total truth that soemthing is only worth what somebody will pay for it.
In business the trick is having access or knowledge as to who will pay and there has to be enough of them for a living to be made.
You can buy a Rolls Royce over 20 years old and still very useable probably for about £3000. I suspect it is at the price because that is what a specialist breaker would pay for it . He knows it is worth about £7000 to him if he dismantles it for parts.
The "real" value is dictated by the need of people running Rolls Royce cars who want spares cheaper than "new" , not by the market for secondhand Rolls Royces. In other words there are more people looking for cheap spares than secondhand cars to run.
Mike
