Re: [CR]re: ebay outing: gios super record..sad

(Example: Events:Cirque du Cyclisme)

Date: Tue, 28 Dec 2004 22:53:57 -0800
From: "Chuck Schmidt" <chuckschmidt@earthlink.net>
To: classicrendezvous@bikelist.org
Subject: Re: [CR]re: ebay outing: gios super record..sad
References: <200412290545.VAA27322@cascade.cs.ubc.ca>


Donald Gillies wrote:
> (snip)
> These days when I make a bid I try to think in terms of opportunity
> and replacement costs. If I see a bike (like a raleigh competition
> 531 throughout stuffed with zeus parts) going for an absurdly cheap
> price (try $125) on ebay I always place a bid on the bike thinking
> i'll rent it for a few weeks and have some fun with it and then i'll
> do a better job of finding someone who values said bicycle.(snip)

This is referred to as "flipping" Don. That is, buying something you feel is underpriced with the intention of immediately reselling it for a profit.

Some think of it as an admirable talent, while others think of it as not so admirable behavior. Hmmmmmm...

Chuck Schmidt South Pasadena, Southern California

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