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#164233 - Thu Dec 10 2009 04:26 PM B&H Globe Guide Prices. What does "wholesale"mean?
Vermonter Offline
Veteran Member

Registered: Sat Dec 16 2006
Loc: VT
Hey Globe guys,
I have the Benjamin and Henderson books and I cannot find where they explain the price range of "wholesale to retail" Other than buying out a whole collection from someone, how would you buy globes at wholesale? Arent we all paying "retail" when we buy from each other or at an auction or are they referring to "retail" as a antique store?
John
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#164234 - Thu Dec 10 2009 04:31 PM Re: B&H Globe Guide Prices. What does "wholesale"mean? [Re: Vermonter]
gatorgaspumps Online   content
Veteran Member

Registered: Mon Jun 07 2004
Loc: Walla Walla, WA USA
I try to buy at whole sale and use retail for insurance purposes. But I'm cheap and try to find bargains. If I really wanted a globe I guess I would pay retail. B&H book is old but still a good guide. Richard

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#164239 - Thu Dec 10 2009 05:06 PM Re: B&H Globe Guide Prices. What does "wholesale"mean? [Re: Vermonter]
Old Iron Offline
Petro Enthusiast

Registered: Thu Sep 10 2009
Loc: New Mexico
Good post Vermonter. I'll watch that one closely. I actually think there are three price levels: wholesale,retail and what I would call "collector", somewhere in between. It will be interesting to watch what the other guys think.

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#164262 - Thu Dec 10 2009 06:17 PM Re: B&H Globe Guide Prices. What does "wholesale"mean? [Re: Old Iron]
gasoildude Offline
Veteran Member

Registered: Mon Nov 29 2004
Loc: Oneida IL USA
I will also be watching smile
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Wanted Owens Motor Oil & Mobiloil Gargoyle.
Brad Ralston & my website is
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#164312 - Thu Dec 10 2009 10:22 PM Re: B&H Globe Guide Prices. What does "wholesale"mean? [Re: gasoildude]
Jarvis Offline
Veteran Member

Registered: Wed Nov 01 2000
Loc: Evansville, In
I am not sure how that works. I do know this... Scott can have a globe on his site for $500 and me have one for $400 and he will sell his first. LOL
Example i guess is Scott or Lonnie will buy say 10 globes at Dan Matthews auction and will turn around and sell all of them and make money. I guess it helps having contacts.

Scott and Lonnie are 2 great guys in the hobby to deal with. Had very good dealings with both and have bought a globe or 10 from them. LOL
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#164346 - Fri Dec 11 2009 08:03 AM Re: B&H Globe Guide Prices. What does "wholesale"mean? [Re: Jarvis]
K W FRITH Online   content
Veteran Member

Registered: Sun Oct 21 2007
Loc: Devils Lake, ND---USA
Use the book as a "guide" for all your pricing needs BUT, face it, when it comes right down to it, a gas globe is worth exactly what you can talk the next guy into paying for it! Sometimes that figure is fairly high (retail) and other times, its less than you paid for it (wholesale) and it seems as tho you're giving it away!
The whole thing is balanced on the whims of the collecting public and there are really no definitive guides that base the values on a daily examination of the marketplace. Rarity is always a good guide because there are always people out there that will pay top dollar for something that no one else has and that speaks well for the hobby because the more of them that get broken thru handling and mailing;;; the more it increases the value of the remainder!
If you're not confused now, you never will be!!!
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Specializing in old Gas Pumps
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#164349 - Fri Dec 11 2009 08:22 AM Re: B&H Globe Guide Prices. What does "wholesale"mean? [Re: K W FRITH]
Wes Maxwell Offline
Veteran Member

Registered: Fri Oct 15 2004
Loc: Central Ohio
Not sure but I would think one price would be what I would want to pay for it if I was getting it to resell. The other price would be what I would want to resell it for or the most I would pay for it if I was going to keep it. If I was getting it to resell, I would have to figure in how much profit I would want to make off of it. That price would be different for everyone so it may be what the authors would want to pay for it/ resell it for?
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#164357 - Fri Dec 11 2009 09:21 AM Re: B&H Globe Guide Prices. What does "wholesale"mean? [Re: Wes Maxwell]
Vermonter Offline
Veteran Member

Registered: Sat Dec 16 2006
Loc: VT
Wes,
Yes we all want to buy wholesale and sell retail, lol.
John
_________________________
Wanted: Original Jenney Gas, Husky, Marathon, and Frontier Globes

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#164370 - Fri Dec 11 2009 10:31 AM Re: B&H Globe Guide Prices. What does "wholesale"mean? [Re: Vermonter]
Old Iron Offline
Petro Enthusiast

Registered: Thu Sep 10 2009
Loc: New Mexico
Hi Guys,
I've been in the retail business for more years than I care to count. Here's my take on it.

WHOLESALE.I think Jarvis described it best. Buying in volume to get a volume price on items intended for resale at a profit.But remember, they now have an inventory carrying cost that must be factored into their selling price.

RETAIL. John I think you are right about a price you would pay at an antique store.But Wes makes a good point in that retail prices are going to vary depending on overhead costs (inventory carrying costs?)that different vendors must charge to make a profit. For instance,a fancy antique store means higher facility and merchandising costs means a higher retail price initially,but that price can come down when it's time to turn the inventory to reduce inventory carrying cost.

Just my thoughts. But then I've never been in the globe business!! lol.

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#164628 - Sat Dec 12 2009 03:50 PM Re: B&H Globe Guide Prices. What does "wholesale"mean? [Re: Old Iron]
Vermonter Offline
Veteran Member

Registered: Sat Dec 16 2006
Loc: VT
Doesnt seem to be any real consensus on this one. Maybe someone here that knows one of the authors can ask them?
John
_________________________
Wanted: Original Jenney Gas, Husky, Marathon, and Frontier Globes

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#164631 - Sat Dec 12 2009 04:06 PM Re: B&H Globe Guide Prices. What does "wholesale"mean? [Re: Vermonter]
K W FRITH Online   content
Veteran Member

Registered: Sun Oct 21 2007
Loc: Devils Lake, ND---USA
I think Old Iron pretty well described it in his explanation!
Scott describes it in his book as quote "The prices in this book are listed as a range of wholesale to retail. Ranges are left between the two for condition, negotation,etc."
The explanation that Old Iron gave for the differences in retail and wholesale would be covered in this gap!!
_________________________
Everything Cities Service
Specializing in old Gas Pumps
kwfrith@gondtc.com
Cell#-701-739-6133

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#164646 - Sat Dec 12 2009 04:54 PM Re: B&H Globe Guide Prices. What does "wholesale"mean? [Re: Vermonter]
Old Iron Offline
Petro Enthusiast

Registered: Thu Sep 10 2009
Loc: New Mexico
John,
It obviously gets complicated on the subject of pricing because too many variables are involved in establishing a retail price.Facility maintenance cost? advertising and merchandising coct?Capital strength of vendor? Need for immediate cash flow? There are so many vendors,auctions,ebay,antique stores,collectors and more that I really don't think anyone will ever reach a consus of opinion because every vendor is dealing with all those variables and more on a ever changing field of play on a daily basis.

The best rule of thumb I could give you regarding retail is that they will charge "what the market will bear" in an effort to maxamize profits. In essence, as the markets change,retail will drop which will force wholesale to adjust accordingly.

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#164648 - Sat Dec 12 2009 04:57 PM Re: B&H Globe Guide Prices. What does "wholesale"mean? [Re: K W FRITH]
roger cherry Offline
Veteran Member

Registered: Thu Jul 04 2002
Loc: Collierville, Tn
Wholesale = buying for the purpose of making a profit later on.
Retail = buying to collect because you like it.
That is a over-simplified way of putting it, but it works for me. What I have found over the years of collecting is that all the pieces I have bought to collect and then later on find the piece no longer fits my needs or I don't want it anymore, 9 out of 10 times I make a little profit when I sell it.

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#164663 - Sat Dec 12 2009 06:02 PM Re: B&H Globe Guide Prices. What does "wholesale"mean? [Re: roger cherry]
s932 Offline
Company of the Month Host

Registered: Thu Jan 18 2007
Loc: cape girardeau. mo
Hey wait a minute with those kind of odds that means you made money off me Roger. I think next time Roger you have to sell me a globe for less than what you paid for it. LOL
_________________________
Originals only for me. Always looking for Simpson oil, Super A, and MFA oil cans and globes.
Shawn Morris

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#164826 - Sun Dec 13 2009 04:19 PM Re: B&H Globe Guide Prices. What does "wholesale"mean? [Re: s932]
Vermonter Offline
Veteran Member

Registered: Sat Dec 16 2006
Loc: VT
I dont want to beat a dead horse here (ok, sometimes I do) but I dont think anyone really has the definitive answer. All the answers are good, and informative, but since we all use the book as a guide, shouldnt we all be working with the same definition of "wholesale" and "retail"? Basically everyone here is saying its a price "range" which is different from specific terms like wholesale and retail. If thats the case, maybe B&H should change the wording in their next edition.
For what its worth, I use it as a guide to a range I might have to pay, but have wondered what its really supposed to mean. Some people here have mentioned they know Scott Benjamin. I think it would be great if he could clarify this for us.
John
_________________________
Wanted: Original Jenney Gas, Husky, Marathon, and Frontier Globes

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