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Username Hidden said:You are absolutely wrong. First of all a market is made by a buyer and a seller. The buyer is not obligated to pay whatever the seller is asking, and the seller is not obligated to sell at the price that the potential buyer is offering. If they don't meet somewhere in the middle, then each goes their on way, the buyer keeps his money and his desire to one day own whatever the seller was selling, and the seller gets to keep his item and continue to try to find a buyer for it. If his price is too high, and he really needs to sell, then he will lower his price until eventually he will lfind buyers willing to pay whatever he's asking at that time. That Sir is a market.
If the retail price of a Juliet 24K was $450, then anywhere between that number and whatever the seller is asking should be the market value. In some cases (like regular PB1s, and Rust Decay) the value will even be much lower than retail.
As far as "current collector/enthusiast/niche price", we are dealing sunglasses, not gold, silver, or barrels or oil; and it's pretty amazing that they have held so much value considering that the Oakley collector's community is so small, and shrinking by the day (thank you Luxottica). "Value" is on the eye of the beholder. Just because some sucker paid $2K for a Juliet 24K 2 years ago, that doesn't mean that's the correct value for it. It means that he was willing and able at the time to pay that, and probably made a seller roll on the floor and laugh his a$$ off. I think @OakleyFreak 's offer of $1100 is very generous, and seems very logical with current market conditions (specially considering that retail was $450). Anyone who paid 2015 top of the market bubble prices for some pairs, is definitely in a hole and will probably never recover what he put into it (I don't call it an "investment" because this hobby is NOT an investment).
Prices will continue to fall, together with the number of collectors, so brace for impact (if you still own Oakleys, although I believe you already sold all of yours). I wear all my pairs, I've sold the ones that I didn't wear too much, and I like my collection as it stands, so I don't care if the prices of my pairs tumble more than they have. I'm just enjoying what I have
Respectfully, you should have just taken this to my "Cheap People" thread. The arguments you have made have been stated ad nauseum in the other thread. You're missing the Marc. A Buyer and Seller can either agree or disagree on a price for a transaction....there's nothing profound there. I was just referring to 24K Juliets selling for more than $1100 EVEN NOW. And if they lose value "by the day" as you put it, so be it. Either a seller will adjust or he won't. That's their call.
Just because YOU perceive the value at a certain price point doesn't mean it is. Just like it doesn't mean the Seller is right either. Bottom line, some sets like the 24K STILL can fetch what they've been fetching the past couple of years....$1500-$1600 range from what I gather. That was all that I was saying. You're really going to try to give me a "101" on what the definition of a market is? I have respected you as a member and person....but your pompous arrogance is very unbecoming.
Take this into the other thread.
I'm done. Happy Friday all (Friday for those who have tomorrow off that is...for clarification).