Primarily Petroliana Shop Talk Forums Shop Talk Petroliana Forums Online Auctions, eBay Craigslist Petroliana Redhot still at it

The first picture is the Mathews auction where this sign sells for a nice fair market price of $450. The second pic is Redhots Ebay sucker fishing listing with the price jacked up 4 times! Oh! But he's a businessman with a degree so I guess that justifies him trying to rip people off. If you go to the links you will see without doubt this is the same sign. The least he could have done is put his sister in the picture!

Mathews:
https://www.proxibid.com/asp/LotDetail.a...gn-15x23-Inches

Ebay:
http://www.ebay.com/itm/Original-Sunoco-...utorefresh=true

I know this post is a waste of both my time and those who will read it. It just ticks me off.

Looks very similar to the one that Bagged61 sold me a few months back at $425.

Oh well - it is pretty easy to vote with your wallet and just ignore these sales.

He's selling an Opaline sign for something like $1800...I sold the same one for $400...his prices are so disgustingly high that no one even wants to make an offer.

the unfortunate thing is he actually sells about 10 or so items a week... with that kind of price mark-up, its no wonder he keeps doing it!

RedHot's Sold Listings

I don't quite get it here? Why are you guys upset because he's asking too much for his possesions?
It happens every day and when people ask too much, they generally don't make sales, but I sure can't term it "ripping people off".
Its his property and he can ask whatever he wants for it. There is certainly no label on him that makes his prices the "benchmark" for the whole collectibles industry?
He and others that mark their stuff too high are a bit of an irritant, in that other uneducated sellers tend to follow suit and price their own treasures accordingly! I can't recall how many times I have asked on the phone as to what someone wanted for a particular item and been told that they know what its worth because they saw one priced that high on ebay, or saw one on their favorite TV show "American Pickers"!
Now, this practice might be irritable, but its certainly not "RIPPING PEOPLE OFF". JM2C

Kevin, i agree... I term it as unfortunate or, like you said, irritating. my main issue with it is that I can understand someone having something priced at $600 thats worth $400, however if redhot has something worth $400, then he will price it at $1400.

and because he has so much inventory that he is doing this with, it eventually trickles down to someone local using it as a benchmark. Which does end up affecting me.

...these people bring 'nothing to the table' for the hobby...

Kevin, I agree with you. He has the right to ask whatever he wants for his stuff. As does anyone. I was just as you said, irritated when I saw this this morning and probably vented a little. But on the other hand, I can see people who are new to the hobby seeing this add and maybe paying $1200 or $1500 for this sign not knowing that they are paying a price that is grossly over the actual market value of the piece. Caveat emptor I guess! But Redhot would sell it to them well knowing that they are paying a price much higher than market. I think he's a smart enough guy to know that no experienced person in the hobby is going to pay 18 or even 1500 for this sign. He is hoping someone who doesn't know any better will come along. What other explanation can there be for his price points? There just seems to be no conscience to such practice and to me there is something wrong with that. I don't like seeing it. Does he come down from his asking price. Sure. But how much. 10%? 25%? It's still appears as preying on someone to me. Maybe I'm wrong. Maybe I'm the fool. Maybe I should have just let it go and not even posted it. Maybe I'm to nice cuz I couldn't allow someone to pay me double or triple what I well know a piece should sell for.
I'm sorry, but I just see it as taking advantage of someone. Feeding off their inexperience. It's just not in my repertoire.

Kevin I agree with you 100%. If someone is trying to sell fakes as originals or somehow scamming people that's one thing. But getting ***** off just because a guy is pricing things higher than you think they should be is really looking for a reason to get upset in my opinion. It's really none of my business what you pay for an item and why would I waste my time tracking and comparing auctions and previous sales of items just to find that out!?! Spend that time researching items that are on the market, priced right, and offer an opportunity for you to make a big profit selling it for what you think is a "fair" price. We have seen signs selling for stupid money for the last two or three years everywhere, so what is "overpriced"? Just last week I bought an item that was priced almost $1000 over what I thought it was worth because I offered $1000 less than the guy was asking. He had been trying to sell it for two months priced the way it was with no takers. The market usually dictates value and if you use some business savvy to find the right buys it all works out. I have never felt sorry for someone that grossly overpays for anything. They are the ones who are always complaining about being broke! To quote the famous realist Ron White...."you can't fix stupid" ..... There, now I am a official member of the Stupid Post and Reply Club here on Oldgas.....GB.

The good thing is that buyers have a lot of resources out there including people in the hobby. Inventory does cost money, but the markup is a bit excessive.

I will admit that I have thrown out some prices on some of my stuff that is off this planet, as others have, but that is because I don't want to sell it. If someone wants it that bad they will have to swing for the fences and give me something that will make me lose my interest.

I'm certainly not condoning his practice with my comments and don't really agree with his methods, but its a free country and he's got a right to ask whatever he wants for his merchandise.
I agree with Gulfiend that he brings nothing to the table as far as this hobby is concerned, and since this hobby is the focus of his attempted sales, its a direct irritant to all of us.
Like it or not, he still has the right to do it, and our only recourse is constant education of those around us through this forum and any other means at our disposal.

At Wally World,They buy stuff for pennies and sell for big dollars...Its sad when they make 10,000% markup....But thats business..Look at petro prices a decade ago and now..Supply and demand..Theres always going to be uneducated consumers anywhere. And I agree FAKES sold as originals by people who do this knowing its fake, is the ones we need to team up and GO after. Ok I am off the soapbox lol

The guys, that really irritate me are the critical couch potatoes; that label everything around them as being overpriced and common. Low and behold, then they find a piece of s. item in poor condition and it's blasted all over this forum as the great find of the century. Then, they list their junk at over inflated prices. Some of these people need to scrutinize themselves before finding fault with everything owned by others.

If you can't afford to buy and sell items worth more than $50.00. Try, not to hate those that can. They have the same rights that you have when you are trying to peddle your junk.

Remember,if you really want to do something about all the overpriced stuff; No one is stopping you from being Robin Hood and buying items and selling them to others at reasonable prices. Yes, you too, can make a difference!

Send, me a PM and I'll tell you how I really feel about a certain member participating in this thread.

Jeeez

Who cares

LOL... not me...