Reply to "Pantera #3342: sold for $125K plus fees at Mecum"

1Rocketship (Guest)

quote:
Originally posted by Robbie:
Hey Mark .. a little bit of price fixing is as old as unchecked capitalism. Must be some reason why gas stations on four corners all seem to raise/lower their prices to the same amounts on the same days. DeBeers did a good job with diamonds for a century before world morality and politics caught up with them .. but I digress. Let's not give away our cars .. price high and negotiate.

Hello Robie; Completely agree that "Price Fixing" occurs with the caveat being on everyday relatively low cost items ie: gas, milk, bread, etc, etc, not with "Big Ticket" items ie; Luxury Yachts, Vacation homes, Exotic Sports Cars which are purchased with discretionary income.

DeBeers is an excellent example of a singular commodities manipulation, prior to the public at large being made aware/conscious of "Conflict Free Diamonds".

I've always been more attracted to The Mogok Valley Rubies vs a South African diamond...Mark

5/17/157:27 PM

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