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- 4 Seasons - 01-08-2001
Wait a sec! I own a retail shop - I am in the business of selling retail - Bucko just so I understand what you are saying clearly -you feel that charging a price according to what the market will bear is frowned upon because of what reasoning? This idea of flipping a wine - in retail we call it turning inventory - if it sits on my shelf for too long I lose money. And being that our entire economy (in the US) runs on the idea of supply and demand creating an everchanging marketplace where consumers set the pricing - how can selling a wine at "market value" be something you frown on???
[This message has been edited by 4 Seasons (edited 01-08-2001).]
- Bucko - 01-08-2001
You are taking what I am saying out of context. When someone purchases a wine for $125 on a mailing list, then turns right around and sells it for $600 on the secondary market e.g. Winebid, that is flipping, and I find it unsavory. It deprives someone else from being on that mailing list who really wants the wine, but can only afford the release price.
Selling wine retail, with inventory concerns is entirely a different matter. You can charge $200 for Gallo Hearty Burgundy, your option, but I doubt that you will have few takers. You can jack up the price of Montelena from $75 futures price to $125 and probably sell it due to scarcity. I'm all for that -- you won't sell it to me though. :-) I trust that you can see the difference between the two scenarios, and don't just want to bust my chops.
Bucko
- 4 Seasons - 01-09-2001
I see your difference - not sure what all the talk about these wine lists are - Sounds like a mailing list from the wineries? Once you are on it you have to buy the wine or get kicked off the list? please excuse my ignorace in this matter - anyone care to explain how they work?
- RAD - 01-09-2001
4Seasons, your response reply about mailing lists is how it works, as I understand it--though I'm not on any.
And Bucko, I couldn't agree more about the "unsavoriness" of flipping in that scenario. But what it points to is a larger issue--the inefficiency of "mailing list"-type distribution. Aw, hell, let's not go down this road! [img]http://www.wines.com/ubb2/cool.gif[/img]
RAD