"Patrick Nichols" (pnichols)
09/11/2015 at 14:36 • Filed to: beerlopnik
2
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"Patrick Nichols" (pnichols)
09/11/2015 at 14:36 • Filed to: beerlopnik | 2
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...and had to sell it :( For those of you who refuse to peruse the kinjaverse, check it out !!!error: Indecipherable SUB-paragraph formatting!!! . Or read the conveniently copy and pasted reply here on Oppo:
“I dunno, my understanding at the time was that the Elise was in relatively limited production, so when they were ordered, there was a long lead time on delivery. Apparently, these orders were effectively COD, because while the car itself was 60 or 80 thousand, the rights to delivery traded for $8-12,000 on eBay and such. You’d buy the rights, the current rights-holder would transfer the delivery to your name, and then you’d pay Lotus when they shipped the car.
“I was a senior in high school. At the time, eBay was this super fragmented marketplace with few dealers and lots of minnows short-selling stuff they didn’t know how to price. If you knew a particular niche hobby, had cash and time on your side, and were willing to stop at the Post Office 2 or 3 afternoons a week on your way home from school, you could make plenty of money simply pushing prices back toward market value. Typical buy low, sell high type shit. I mostly traded Warhammer 40k miniatures, paintball guns, and electronics because they were cheap to ship... basically anything that college kids in a pinch (or parents in a fit of rage) would try to sell fast. I had gotten drunk at a party at my neighbor’s house where we had been talking about dream cars and other dumb shit, and when I got home that night, I dialed-up on AOL and bought a Lotus.
“Obviously my parents were less than impressed and made me sell it (they got the bank statements for the account I used for PayPal), but I think I ended up making a thousand bucks or so out of the deal.”
ADabOfOppo; Gone Plaid (Instructables Can Be Confusable)
> Patrick Nichols
09/11/2015 at 14:44 |
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This guy should run for president. He’s clearly better at BUSINESS! than that enraged cheese-monster currently pretending to run.
DrJohannVegas
> Patrick Nichols
09/11/2015 at 15:02 |
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AOL? Dial-up? 2004?
jariten1781
> Patrick Nichols
09/11/2015 at 15:04 |
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I miss old ebay when it was just normal people who had no clue what they were doing selling stuff.
My method was:
Search common misspellings
Pick things up pennies on the dollar
Put up clear description (with pictures...only about 30% of the listings had pictures at the time).
Sell for 30-40% higher.
Only had 2 (not including fraud...) losses.
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Patrick Nichols
> DrJohannVegas
09/11/2015 at 15:11 |
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Well to be fair he was buying the rights to a 2004 lotus so it could be as early as 2002 possibly
Tripper
> DrJohannVegas
09/11/2015 at 15:18 |
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my thoughts exactly