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 Posted: Mon Mar 12th, 2012 10:08 pm
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Papa Voo



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Sometimes I will look for an older book, and I am maybe talking about a book from the 70's, 80's, 90's, etc.  Nothing real old.  Most of the time the books that I am looking for do not seem to rare. 

Today, I am looking for a rock & roll trivia book that was published in 1998. I look on Amazon, Alibris and other sites.  The cheapest I found this book was listed for $95.00.  The most expensive was $700.00.   A paperback trivia book that did not even make the bestsellers list or anything like that. 

I have a pretty good grasp on supply & demand, but what I do not understand is the internet marketing side of things....never did it, nor do I wish to do so. 

So, my question is about the people who put this book up over $100.00.  What they are really saying is that they have the book and want to keep it, but they would be willing to part ways with it at the listed amount.  This makes me think...okay...I have this book at home, and I just got through reading it.  It looks like used copies are being listed with a bottom listing of $100.00.  I paid $10.00 for it.  If I want to get rid of it, I am going to come down in the price. 

There is no way I would pay probably over $15.00 or $20.00 for this book.  I am sure there will always be people to pay more, but I also cannot imagine somebody paying $100.00 for this book or even $50.00 for the book. 

Looking at the other bids, no matter if they are used and have defects, they are all listed over $100.00. 

How is this price set and are these people really anticipating that they are going to sell their copy?

I am not getting it.



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 Posted: Mon Mar 12th, 2012 10:14 pm
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srossi

 

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How to read them.

Sorry, I had to.  The door was just too wide open.  :)

Last edited on Mon Mar 12th, 2012 10:14 pm by srossi



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 Posted: Tue Mar 13th, 2012 10:11 am
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Famous Mortimer



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Papa Voo wrote: Looking at the other bids, no matter if they are used and have defects, they are all listed over $100.00. 

How is this price set and are these people really anticipating that they are going to sell their copy?

I am not getting it.


It just happens to some books sometimes. I remember for years wanting a book called "Guitar Army" (written by the manager of the MC5), but I kept seeing it on the various sites for 200, 300 dollars, prices like that. Then one day it popped up on Amazon for $30, mint condition, and I snapped that shit up.

 

I think sometimes it happens like you describe - one seller sets a high price, and everyone following him figures "what the hell" - but I think sometimes there are just weird things about a book which drive up the price - lack of digital availability, weird printing, maybe has someone famous contributing to it before they were famous, etc.

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 Posted: Tue Mar 13th, 2012 10:25 am
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TerryWWWF



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If it sells, they get $100. If it doesn't sell, it's not like a paperback book is taking up that much space. Leave it out there, and maybe it sells. Or maybe they hear from someone who says, "Will you take $50 for it?" There's really nothing to lose.

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 Posted: Tue Mar 13th, 2012 02:46 pm
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Road Warrior Yajuta



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It is the law of supply and demand.  Bestsellers end up having a ton of printings and copies.  Obscure books may get one printing, and often time it is limited in scope.  Scarcity drives the price up no matter if the book made a best seller list or not.



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 Posted: Tue Mar 13th, 2012 07:20 pm
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thunderbolt
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A good example would be the buzz created about the JFK assassination when Oliver Stone's film came out.   There were dozens (if not hundreds) of books written in the early 60s about the assassination (single editions and vanity press stuff mostly) and all of a sudden what had been dust collectors went up exponentially in value.  The buzz faded and the prices collapsed.  Topics like Roand and Roll will have better staying power, but if the volume is even relatively scarce, the prices will seem exorbitant.



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 Posted: Tue Mar 13th, 2012 09:22 pm
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Papa Voo



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I understand the supply and demand factor, but I don't believe this is the case, because some of these have been posted and registered for quite awhile.  I guess I would need to see how many people purchased this book and the current price it is going at.  If these things are not moving at all, and the person/people are looking to move them to make some cash then I think it would be jacked up too high.  I just don't get where the average price is set, but I would guess one or two sellers could dictate to the entire market.  If somebody really wants to get rid of it, then I would think that item drop slowly until they find a buyer.  I just do not see the demand side being that high in this scenario to produce such prices.



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 Posted: Tue Mar 13th, 2012 11:43 pm
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stingmark



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Papa Voo wrote:
I understand the supply and demand factor, but I don't believe this is the case, because some of these have been posted and registered for quite awhile.  I guess I would need to see how many people purchased this book and the current price it is going at.  If these things are not moving at all, and the person/people are looking to move them to make some cash then I think it would be jacked up too high.  I just don't get where the average price is set, but I would guess one or two sellers could dictate to the entire market.  If somebody really wants to get rid of it, then I would think that item drop slowly until they find a buyer.  I just do not see the demand side being that high in this scenario to produce such prices.


Not a book here, but similar to what happened when Michael jackson died. Before, you could buy Thriller records for .50 cents @ local yard sales, the second the guy dies, "suddenly" they're selling for upwards of $1K, and above, and dopes are buying them, and that's the most mass produced record ever. I saw a picture disc selling for $10K and laughed.

It happens with anything like that, books too, and it doesnt take someone to die for it to go up. If there's sudden interest in something, you can best be sure someone will try to make a nice sized profit from it. Whitney houston records were selling for $200/$300 each when she died...before, you couldn't give them away, now "all of a sudden" they're priceless?

Last edited on Wed Mar 14th, 2012 04:37 am by stingmark



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 Posted: Wed Mar 14th, 2012 03:35 am
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Papa Voo



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thunderbolt wrote: A good example would be the buzz created about the JFK assassination when Oliver Stone's film came out.   There were dozens (if not hundreds) of books written in the early 60s about the assassination (single editions and vanity press stuff mostly) and all of a sudden what had been dust collectors went up exponentially in value.  The buzz faded and the prices collapsed.  Topics like Roand and Roll will have better staying power, but if the volume is even relatively scarce, the prices will seem exorbitant.


I noticed this when books and DVDs go out of print.  And I understand this, also, to a degree.  The scarcity jacks the price up, but damn, this seems steep for a book that does not seem to hold any extra value based on the author or some event occurring which would put the focus on this book.



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 Posted: Wed Mar 14th, 2012 08:24 am
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Famous Mortimer



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I read a book recently called "Bad Book Club", about a guy who spent most of his adulthood scouring markets and charity shops for cheap books. His book was a review of all those awful books, and it was hilarious.

 

There were a couple of books in there which sounded like great fun to read, so I went on Amazon...and they'd soared up in price due to being mentioned by "Bad Book Club". Maybe that's what happened to the one you were after - some comedian mentioned it on a podcast somewhere? Something like that.

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 Posted: Wed Mar 14th, 2012 11:18 am
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Greatmuta1025



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When I got laid off at the end of 2007 I started selling my old stuff on Ebay and Amazon. I put some old books on Amazon and got $50 for the novelization of the movie Labyrinth and $50 for a book called Book of the Dead, which was a compilation of short zombie stories. I had no idea they were worth so much but I took a chance by listing them for a higher price and it paid off.

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