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Old 10-22-2019, 10:04 AM
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cjtyped
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We have 2 auctions in our area each year. One of our hobby shop owners buys a lot of stuff and resells for a profit.
i don't know how to feel about this. Part of me says it's none of my business. Other side says he's buying stuff that I want, increasing the cost.
Is it capitalism? I just don't know. How would you feel?
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Old 10-22-2019, 10:18 AM
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Supply and demand

LHS's have enough trouble staying open with all the mail order these days, sounds like he's trying to turn a profit, I don't see the issue.
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Old 10-22-2019, 11:20 AM
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As a hobbyist, I get where you're coming from, but if you attend those auctions, you have the same opportunity as him to buy those items.

...and yes, this is capitalism 101. Buy low, sell for a profit. FWIW, he isn't getting rich on hobby items.
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Old 10-22-2019, 11:59 AM
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He's probably buying big lots of stuff, which always gets the buyer a better price. He's then cleaning it all up and checking things over, probably throwing away things that aren't any good. I've done that several times. There is money to be made, but not a lot. He's getting paid for providing you the service of selling items one at a time and making sure they are in good condition before passing them along. If you don't like the prices, don't buy his items.
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Old 10-22-2019, 12:41 PM
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Originally Posted by cjtyped View Post
Part of me says it's none of my business.
Listen to that part , , , it's right on target ....
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Old 10-22-2019, 04:18 PM
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There is a lot of merchandise right here on rcuniverse that is the same thing. Two key phrases: "rare" and "hard to find". Both mean overpriced.
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Old 10-22-2019, 07:12 PM
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If he has any hope of staying in business, he won't be bidding any more than he can hope to resell it for, plus a bit extra. So you still have a margin to outbid him, yet still get if for less than if bought at retail. And as a seller, I am real happy to see that happen. I've had too many past items go away for far less than I had hoped. And too many that I have bought back, because they weren't going for even what I considered bare minimum value.
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Old 10-23-2019, 04:41 AM
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Indeed it is the American way, capitalism at its finest. its the driving force of our society without which you would be able to buy virtually nothing.

Consider this at a time when huge portions of this hobby are going away at terminal velocity (glow powered fixed wing airplanes for example) it is these Cottage Industry Capitalist who enable those of use who choose to can continue to enjoy the hobby for a lifetime.

So next time you see that cottage industry capitalist give him a smile and thanks while you purchase that two dollar widget long out of production that keeps you going in the hobby:

John:
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Old 10-23-2019, 11:03 AM
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Yeah, I`d say more power to him. Good that he makes a profit and the hobby shop stays in business.
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Old 10-24-2019, 10:31 AM
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It's a free economy. Outbid the hobby shop guy if you can. If not, the same junk will be available on ebay or at a swap meet. I see guys buying up whole tables of leftover swap meet stuff. THen they resell it for a profit. That's how they make their living. But they have to store that junk, then advertise it, box it up, and put up with the hassle of selling it. It seems to be more work than it's worth. Probably make more money flipping hamburgers.

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Old 10-24-2019, 12:05 PM
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Good for him. I've got about 20 extra planes he could bid on :-)

David
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Old 10-31-2019, 02:56 PM
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Originally Posted by daveopam View Post
Good for him. I've got about 20 extra planes he could bid on :-)

David
ME TO !!!!! Red
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