Thread: T&C Grinder

The other issue in my opinion with machine pricing is as follows. A number of people are selling stuff for an elderly or deceased relative. They have no idea what a Hercus tool grinder would sell for. They know it was treasured by the owner therefore must be worth something. Often the only way of putting a value on these things is for them to look at their favorite selling platform. The see something similar and put a similar price on theirs. What they don't realise it the one they saw for sale is overpriced and it is still up for sale.

I had a conversation with a lady that was selling her dads stuff recently when I purchased my lathe for a fair price. There was a few for sale and she priced it a bit below what they were listed at. She had trouble pricing the Hercus T&C that sold before I got there. Since there were none for sale see looked a few forums and found out about 10 years ago they were selling for $500. Since hers was in perfect condition and came with a heap of tooling she decided to try for $600. Guess what it sold very quickly and the add was taken down.

The same is happening with heaps of stuff. I would have no idea what a set of Jousting sticks are worth and would have to check the market. I would probably overprice them because all of the fair priced ones are sold quickly.

Also don't try asking on a forum. There will be one that tells you they are worth a $ and another that says they should sell for $10 000.

Steve

Originally Posted by Reidy41

...The see something similar and put a similar price on theirs. What they don't realise it the one they saw for sale is overpriced and it is still up for sale...
Steve

That is true of advertised goods, I think auctions are the only way to determine a fair price.

I got my #1 for $750 + $115 buyers premium at auction it was in Mt Gambier though so took some retrieving. Since then I have spent probably nearly as much fleshing out the accessories I have for it.

The machine that China is looking at is in a dealer though so determining a fair price should be a matter of course.