As you can see John, I still have a habit of firing from the hip.
Specific to me, because I do not make a living off of this, I have the luxury of dealing one on one with my handful of buyers, and I always remember what my cost basis is.
So I get to claim the high ground. But, I am not trying to make a living off this.
Frankly, I do not have a problem with a dealer offering 60% of the prior sale price especially when the market has turned down.
Consistent with this discussion, who gaul me are the people who go to widows and offer them 10 to 15 cents on the dollar. Those buyers often brag about their "good" fortune. When you know this is happening, 60% does not sound so bad.
Of course, the bigger question raised here was one of colussion.
Last edited by Jim W; 01/22/2012 05:58 PM.
