Quote:
Originally Posted by NewYorkGuy
of course! When a 'whale' is willing to pay double or triple the market price, there will be people who use their authority for personal gains. The person who paid $500K for a 50th anniversary cobra didn't have to wait 2 1/2 years for delivery.
is it shady? Yes if the profits go into individual bank accounts.
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Market price is whatever someone is willing to pay for an item. There have been innumerable examples of products in high demand sold for well excess of 'sticker price' (e.g. Ford GT) - that doesn't make them 'shady' deals. Further, while sales reps probably make higher commissions on such deals, the majority of the profit is likely to go into the coffers of the dealer and ultimately, if publicly traded, the shareholders.
If buyer and seller agree on a price and execute on the transaction on an 'arms length' basis there is nothing 'shady' about the deal - regardless of the price.