Posted by:
gotboids18
at Thu Jun 16 09:39:44 2005 [ Email Message ] [ Show All Posts by gotboids18 ]
>>How many of you have actually sold a pair of "fire balls" for $100,000.00? Does the demand really exceed the supply at market prices that high? To put it in perspective, Afleet Alex, the horse that won the Preakness and Belmont Stakes was bought for $70,000.00. Wassup with that? And considering the number of people wrapped up in the morph craze, everybody seems like they're trying to hatch out bumble bees or something high priced. I just wonder if the prices and the boom are caused by people getting in to try to get rich and basicaly driving the market to feed off itself.
That seems to be the case... But doesn't it work out well that way??? The craze to make a buck expands the demand, which keeps the prices up there... I think it's a good thing, IMO.... I mean, the MORE morph people that enter the hobby each year, the longer a certain morph should hold it's value... Hypothetically, lets say one year there are 500 people that are into investment type animals, and 400 animals of a certain morph is produced, the babies would be reletively cheap since I'm sure there are at least 100 of the 500 that really aren't interested... But lets say the following year, 1000 new people enter the hobby and the same percentage of people want that same morph... This year there is 550 produced, and they start selling like hot cakes.... Uh oh, 250 people aren't gonna be able to purchase... People have the ability to raise their prices and still be able to sell. Now it's up to 550 out of that 800 to figure out what they are willing to pay for that animal... This was a long example of putting it short.. "Supply and demand" ----- Joe Lydon
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