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Query regarding SF etiquette

Discussion in 'Classic Menswear' started by poincare0, Jan 3, 2012.

  1. poincare0

    poincare0 Well-Known Member

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    Hello

    I have been lurking for a while but have been prompted to do my first post regarding SF etiquette recently due to seasonal sales behavior

    Consider the case of someone who uses SF regularly for selling, posting etc. Then consider that said person "stumbles" upon a great deal on SF approved merchandise at very competitive prices

    Is it ok for that someone to buy as much stock as possible and then sell it on SF, or is that considered bad form, and instead said person should acquire the goods needed for their personal use and then do a PSA?

    txs
     
  2. bourbonbasted

    bourbonbasted Well-Known Member

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    I find that PSAs are very subjective to location and stock. This is why the majority of the PSAs relate to online offers or virtual sales. I don't think there is anything wrong with buying items to flip if you have a great deal and the means to purchase the lot. Generally those that post a PSA for others do this because either they don't have the time to flip items or don't have the means to purchase in bulk.

    Personally I have proxied items to many members, free of charge, as a good Samaritan. I feel it's my giving back to these fora. However, I don't think there is any shame or rule broken in buying in bulk and selling on here. In fact there are many on B&S that live by this same process.

    All that said, what ya got? Let's have it. :nodding:
     
  3. cbbuff

    cbbuff Well-Known Member

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    This.

    If you find great deals and want to make a buck, go for it. If you don't but want to pass on a great deal to others, that is great too.
     
  4. PipersSon

    PipersSon Well-Known Member

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    That's what every single major seller on this forum does, as well as the ones that are not so big.

    Go for it.

    And as the man said, whatchagot?
     
  5. LA Guy

    LA Guy Opposite Santa Staff Member

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    The one exception is for online deals that anyone can access. That's usually seen as uncool; and if someone shits up your thread for buying something that people want from Yoox or MrPorter snd then trying to flip it, for example, we'd probably look the other way. Doing this at C21 or some other discounter, or some B&M where you know the owner wants to get rid of stock, and it's essentially a (profitable) public service.
     
    Last edited: Jan 3, 2012
  6. poincare0

    poincare0 Well-Known Member

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    Sadly bur predictably, you got me all wrong

    I respect your opinions but I disagree in particular when we are talking about members operating on a relatively restricted hunting ground
    The driver for this post is the xmas sales in London.

    I am not putting myself up as an example to follow because I did not do any PSA but on the other hand I could have hoarded a lot of stuff and then flip it here but did not do it because I did not feel that was the right thing to do. So I guess I am somewhere in the middle.

    On one extreme there was “inimitable” who amongst other info posted that Truzzi shirts were now on offer on Selfridges for £39. A great deal which I took advantage of by buying few shirts for myself

    On the other extreme we have Malphord of London- a long time contributor- which from what I see in the B&S forum acquired many of the Truzzi shirts which he is now flipping for £80, and 7 pairs of John Lobb Woodcotes (Prestige) in the Harrods sale at £415 and is now selling at £550 ( a reasonable mark up for sure) without any PSA. I bought a pair of brown Woodcotes for myself and left it at that as I don’t need any more and good deals always show up

    Clearly if you live away from London a JLP Woodcote at £550 is a great deal, but if you live in London and like to go to the sales you just lost your opportunity for a good buy.

    I can see both sides of the argument but cant help feeling that Malphord is a SF player, not what I would naively consider a SF member
    Now, I know most of the people replying (not necessarily reading) wont agree with me because you are more ‘malphord’/players than you are “inimitable”/members- but that I for one admire “inimitable” and dislike ‘malphord’
     
  7. LA Guy

    LA Guy Opposite Santa Staff Member

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    Well, I think that there are merits to both. Styleforum has clusters of members concentrated in (in order): NYC, LA, SF, Chicago, DC, and then, London, Toronto, but there are a lot of people scattered throughout North America, the EU, Australia, and Asia.

    Most people do not have any access to sales in London. For those people, guys like Malford are clearly providing something that members want, and at a reasonable fee. Sure, for the minority of members in London, they may have to race resellers to get good deals, but I don't think that it's unfair to anyone, and there is a net benefit for the community.
     
  8. SpooPoker

    SpooPoker Well-Known Member

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    Well put.
     
  9. celeste_pista

    celeste_pista Well-Known Member

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    not sure if this is a troll post to bag malford, but if so, fail. i've bought multiple items from stephen and i don't care what his markup was. i know what i paid and all prices were very fair, otherwise i'd not have purchased them.

    I DO NOT UNDERSTAND THIS FORUM'S OBSESSION WITH WHAT ANOTHER PAID FOR AN ITEM. people on this forum will walk away from an absolute outstanding deal because they deem another's relative markup too great. the (horrid) sibling is the seller who is emotionally tied to the concept of breaking-even when they gambled and lost on sizing, fit, quality expectations, style, or just had buyer's remorse.

    bottom line, if you can get such a deal that items are still coveted at a markup that makes it worth your while...buy and resell away...buyers will appreciate your service. if you feel bad about poaching other london members' deals, you could always offer them a better deal when they PM you. if you are just bitter about getting poached yourself...some saying about birds and worms comes to mind.
     
    4 people like this.
  10. reidrothchild

    reidrothchild Well-Known Member

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    +1. I live in what we in the U.S. refer to as flyover country. As such, I appreciate flipper/resellers.
     
  11. tullytra

    tullytra Well-Known Member

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    Nicely put. If one feels that the mark-up is too much then just don't buy it. If someone makes decent money off the mark-up, but I find it to be a deal, then two parties are happy.The sellers here provide me the opportunity to buy items which I would have to drive two-and-a-half hours to get, and I wouldn't have any clue as to whether there would even be a discount to make the drive worthwhile.
     
  12. jrd617

    jrd617 Well-Known Member

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    Fire away, dude. No one's going to call you out for making a buck here.
     
  13. othertravel

    othertravel Well-Known Member

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    I'm probably on one extreme end in saying it's a good service to 'flip' merchandise. I've definitely saved a few thousand dollars from buying on the forum as opposed to going retail (prices in Canada are crazy high - much higher retail markup than in the states).

    That being said, it's always appreciated if someone proxies for free. If not, no worries.
     
  14. LA Guy

    LA Guy Opposite Santa Staff Member

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    Most people don't agree with you. The B&S forums are the third most popular forum after the core Men's Clothing and Streetwear&Denim forums. A rough estimate puts the number of pageviews in B&S at about 1-1.5MM per month.
     
  15. poorsod

    poorsod Well-Known Member

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    I think the points are related to the forum "maturing" and that people realized the money to be made from flipping. Back in the old days there were huge threads about the sales currently ongoing and I met a number of members at such sales. I fear those days are gone.
     
  16. PipersSon

    PipersSon Well-Known Member

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    I don't think I did.

    It's simply a matter of what you are prepared to do. In my case I have not flipped as of now, but could in the future. I saw an Inis Meain and a Brunello Cucinelli the other day that I could have flipped, but announced it here as a PSA. I have an Allen Edmonds Shell Cordovan Bradley shoe (Retail at $550) for $250 and have promised to sell it to another member at cost if I don't like it.

    But those who do flip also offer a valuable service in many cases. Take Malford's Lobb example that you gave, His price is still lower than what I would have to pay for it here in the US.

    People behave differently - some share their discoveries and announce a PSA, others use it to flip, yet others wouldn't make a PSA ever. It's all fine IMO if there is value being created. I think all of us realize quickly when someone tries to pull a fast one; you wouldn't believe the knowledge level in this community.
     
    Last edited: Jan 3, 2012
  17. curzon

    curzon Well-Known Member

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    I think these sellers perform a very valuable service, especially for someone such as myself who has little access fairly-priced high-quality goods not sold online. The seller has taken on a few risks such as tying up his capital in illiquid assets, holding items that may not sell, etc. Moreover the seller has invested time and resources (fuel, parking, fares, tolls, etc.) acquiring his inventory. I'd wager that these sellers often come up empty when visiting shops, so that cost needs to be built in too. Of course no one compels a prospective customer to buy.
     
    Last edited: Jan 3, 2012
  18. poincare0

    poincare0 Well-Known Member

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    what I meant when I said you misunderstood me was that I thought that you thought I was asking because I had something to sell in the circumstances I described.
     
  19. Thanks SF (a new me)

    Thanks SF (a new me) Well-Known Member

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    in summary, exactly my thoughts on this matter...
     
  20. poincare0

    poincare0 Well-Known Member

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    Being familiar with SF for a few years I feel comfortable in NOT overestimating the knowledge level in SF

    In fact, the profit driver is one of the main reasons the group-level knowledge in SF is low in comparison with the individual-level knowledge- as there is relatively little synergistic effect because most 'players' keep their cards close to themselves.

    SF is not the kind of forum where ‘big timers’ get their kicks out of revealing new/old valuable information to newbies. It is a for profit forum where both the owners and most of the ‘big timers’ have monetary gains at stake that trump all of that

    SF is mainly about $s, not knowledge. Naturally the people that participate- even the ones more focused on financial rewards- are not automatons solely focused in maximising $s and so will share information in the course of their interactions even when there is no obvious monetary gain to be obtained from it.

    But that is an’ incidental’, it is not the main driver
     
    Last edited: Jan 5, 2012

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