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<p>[QUOTE="elarnia, post: 26238, member: 159"]Several years ago I went to the annual rummage sale for a private school. The sale started at 7am - I got there about 8:30. There were several women looking at the jewelry table, holding up items, seeking each others opinions, occasionally trading off a piece or adding a piece to what was obviously a "stash" for buying. There were several other women standing a few feet back, looking over their shoulders and muttering a bit. The woman in charge of the table announced that it was 8:45 and the tempo picked up a bit, sort of like at closing time, and they started to finalize their picks and pay for them.</p><p><br /></p><p>I asked a friend of mine who was one of the organizers what that was all about. He told me that they had been having trouble with a few dealers who came in, swept the jewelry table, grabbed things out of other people's hands, then made a low ball offer for the lot. They had been thinking of dropping the jewelry table entirely when someone came up with this solution. They priced the good stuff at low retail, and for the first two hours didn't make any deals. This gave the collectors a chance to add to their collections without having to fight the dealers for it, and gave the school top dollar for the items someone really wanted. After two hours they cut the prices in half but no bulk deals - at this point the dealers moved in but had no incentive to grab everything, just the stuff they knew was worth it to them. At 10am they opened it up to offers and bulk deals. </p><p><br /></p><p>I expect this worked for them because they had some serious collectors who didn't mind paying a good price for the school, so whenever anyone complained or tried to beat the system there were sufficient others to oppose them, not just the organizers. And because they had a fairly well to do base of supporters who donated enough good stuff that the dealers still found it was worth their while, even after it had been picked through. <img src="styles/default/xenforo/smilies/smile.png" class="mceSmilie" alt=":)" unselectable="on" />[/QUOTE]</p><p><br /></p>
[QUOTE="elarnia, post: 26238, member: 159"]Several years ago I went to the annual rummage sale for a private school. The sale started at 7am - I got there about 8:30. There were several women looking at the jewelry table, holding up items, seeking each others opinions, occasionally trading off a piece or adding a piece to what was obviously a "stash" for buying. There were several other women standing a few feet back, looking over their shoulders and muttering a bit. The woman in charge of the table announced that it was 8:45 and the tempo picked up a bit, sort of like at closing time, and they started to finalize their picks and pay for them. I asked a friend of mine who was one of the organizers what that was all about. He told me that they had been having trouble with a few dealers who came in, swept the jewelry table, grabbed things out of other people's hands, then made a low ball offer for the lot. They had been thinking of dropping the jewelry table entirely when someone came up with this solution. They priced the good stuff at low retail, and for the first two hours didn't make any deals. This gave the collectors a chance to add to their collections without having to fight the dealers for it, and gave the school top dollar for the items someone really wanted. After two hours they cut the prices in half but no bulk deals - at this point the dealers moved in but had no incentive to grab everything, just the stuff they knew was worth it to them. At 10am they opened it up to offers and bulk deals. I expect this worked for them because they had some serious collectors who didn't mind paying a good price for the school, so whenever anyone complained or tried to beat the system there were sufficient others to oppose them, not just the organizers. And because they had a fairly well to do base of supporters who donated enough good stuff that the dealers still found it was worth their while, even after it had been picked through. :)[/QUOTE]
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