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The buyer must feel like a complete dooshbag right now for recking something historically valuable as that. And of course let's not leave out Paypal who I dropped recently.
The piano I practice on at school is 30 years old and worth about 100k. I have violinist friends who have instruments worth 60k+.
$2500 for an old violin is a steal, if it's any good.
While I'd never pay that much for something old (be it a car, musical instrument, piece of furniture, whatever), let's say it indeed is an antique instrument that is worth a lot of $. Who'd buy it via Ebay where there's no certification or standard of quality? At least with classic car sales and auctions, there's typically a 3rd party certification for them, I believe.Heh, I've got one I'm selling for $12,000 right now. Old does not mean POS in the instrument world, typically quite the opposite.
I disagree. The value of the violin is based on rarity and exclusivity. Fake handbags flooding the market make the actual designer goods less rare, less exclusive, thus diminishing the value, which is why they are destroyed.
So, the buyer gets a refund, PayPal gets its commission and the seller has their property destroyed?
And felony vandalism charges, interstate wire fraud and a few others. AFAIK there was no legal due process here, thus everything Paypal did was illegitimate.WoW. This could be interesting. If the seller has a certificate of authenticity, pay pal could be on the hook for $2500 plus court costs.
Paypal's policy has always been to protect the buyer, not the seller. While they are generally fine for smaller transactions, the lesson here is use an escrow service for anything valuable because people are dishonest and Paypal will never side with the seller in any legal dispute.
This is very complicated issue in economics, IP law, marketing, etc...
I'm not sure how familiar you are with designer goods, but most designer goods are mass produced. There's no such thing as rarity and exclusivity is only based on price. It's actually gotten so bad in the past few years that when I went to Europe last, I saw a lot of items with only "Designed in Italy" on them. (A separate tag was stamped with the actual country of production.)
I'd argue that fake handbags never enter the same market as the designer goods, so you can't overgeneralize by saying that the knock-offs affect supply or demand. I mean, you can't walk into Macy's and buy a fake Gucci purse (nor can you at the Gucci store). If anything, it'd only affect the used market (flea markets, eBay, etc.) which wouldn't affect the original price of the goods at all since these are "wear & tear" items where condition matters. Designers and retailers don't make any money on the sales of used items.
Using a similar analysis with designer perfume, you can easily identify this same trend. Most countries don't provide any copyright protection for scents. Perfume has long been imitated. If you look at sales numbers and prices, originally branded perfumes have minimal (if any) impact from cheap imitations. ...and again, the counterfeits are rarely sold alongside the genuine high-end products.
Without writing up a 10 page analysis, the reasoning for the minimal impact on price is pretty simple. ...people willing and able to afford the original, new goods will buy the products at retailers guaranteeing authenticity despite price. People buying the knock-offs usually can't afford (or just aren't willing to pay for) the items to begin with.
Two different markets. Two different values. Very little overlap.
I woke up this morning to find out that I apparently used my Paypal account to purchase $100 worth of iTunes gift cards for some unsuspecting craigslist users. Awesome. Guess I get to personally test out Paypal's dispute resolution service.
You'll feel like killing yourself by the time you're done.
I woke up this morning to find out that I apparently used my Paypal account to purchase $100 worth of iTunes gift cards for some unsuspecting craigslist users. Awesome. Guess I get to personally test out Paypal's dispute resolution service.
You'll feel like killing yourself by the time you're done.
I'll take them with me.
PayPal may also require you to destroy the item and to provide evidence of its destruction.
wow. if you click through to the source, it turns out it's in the paypal TOS:
http://www.regretsy.com/2012/01/03/from-the-mailbag-27/
i think it's to prevent buyers who are trying to get free itenz.
using your example, try returning a counterfeit perfume where the original products are sold and tell me the impact is minimal.
There's no such thing as rarity and exclusivity is only based on price.
But you CAN find a purse that has 98% the same pattern that looks identical to anyone that hasn't studied high end purses. Macy's is full of Coach and LV look alikes. These absolutely diminish the brand. I'd never buy a real LV monogram bag for a girl for even $100 because they are so played out due to copycat designs.I'd argue that fake handbags never enter the same market as the designer goods, so you can't overgeneralize by saying that the knock-offs affect supply or demand. I mean, you can't walk into Macy's and buy a fake Gucci purse (nor can you at the Gucci store).
Not true. It used to be the other way around.Paypal's policy has always been to protect the buyer, not the seller.
The way you worded it I'm not sure if you meant that there is no such thing as rarity and exclusivity period, or just in the context of "most" goods. Because you're correct that pseudo-designer goods like Gucci and Louis Vuitton are artificially limited, but true exclusive brands do exist. Brands like Hermes and April in Paris operate consistently at capacity and there is still a wait list for their more popular products. While price certainly plays a role in exclusivity, they can only make so many per year since they are entirely done by hand.
But you CAN find a purse that has 98% the same pattern that looks identical to anyone that hasn't studied high end purses. Macy's is full of Coach and LV look alikes. These absolutely diminish the brand. I'd never buy a real LV monogram bag for a girl for even $100 because they are so played out due to copycat designs.
You are right that the copycats aren't cannibalizing direct sales of originals, but it is hurting sales from people - like me - who would be in the market for a real one and avoid it due to the popularity of fakes.
The piano I practice on at school is 30 years old and worth about 100k. I have violinist friends who have instruments worth 60k+.
$2500 for an old violin is a steal, if it's any good.
P.S. AmazonPayments = free for credit card payments.
It's not perfect, though. If there is ever a dispute, Amazon immediately debits your account, before anything is resolved. Also, I have heard they have started requiring social security numbers to register.
I just used Ebay and PayPal as a seller for the first time since last summer. I didn't know that PayPal now has an up to 21-day hold on payments received. WTF?! I don't recall that last summer. I guess once the buyer confirms he receives the product as expected, then the funds would be allowed for me to be collected. So PayPal makes interest in the meantime?
yep, sold stuff on ebay this past summer too and instant payment availability. sold recently past december and same up to 21 day hold. so dumb.
That sucks for you but good to know that I'm not the only one. I guess the buyer has to confirm he's received the product in the promised condition to release the funds, to get it quicker than 21 days.yep, sold stuff on ebay this past summer too and instant payment availability. sold recently past december and same up to 21 day hold. so dumb.
In my case, I have a verified PayPal account that's tied to a bank account (but not CC). But I have my Ebay account tied to CC and since Ebay owns PayPal, I guess they can charge my CC if they think I owe them $. : \I have never run into this, do your have your bank account and credit card set up as alternative sources of funding?
I have never run into this, do your have your bank account and credit card set up as alternative sources of funding?