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I don't worry about inflated MSRP's in listings. I think it's just puffery(if that's a word)...Originally Posted by rnoldh
There is a seller called parisvegas. He sometimes sells very desirable items cheaply(at least with a very low start price). He runs his operation like a bargain basement. With very low start prices and very spare ad designs. I've Emailed him questions repeatedly, and he's never answered once. Is he a bad seller? For what he offers, and for the prices, I think he's not a bad seller...
...And for those that are put off by puffed MSRP's, I have a question. What if a seller, let's say Nitro aquires a lot of very desirable suits. Let's say Kiton 180 suits. And the genuine MSRP at Neiman's or Korshak is $8,000. If Nitro says the suits have an MSRP of $15,000, does that make them worth less or make them not worthy of purchase?
I really think that almost all of Nitro...
It's not "puffery". It's a deliberate misrepresentation. Retail markups are typically 60 points, with some specialty stores going as high as 80 points. I believe that he has written on one of the forums that a 4-5x markup from wholesale is typical. It is not, and to contend otherwise is just incorrect. This type of dishonesty reminds me of the case the Jos A. Banks lost. And even if it is not illegal, it is sketchy behavior.
As for your case:
It makes them less worthy of the final purchase price, yes. The final value is determined by a buyer's judgement re. the bargain he or she is getting. In this case, the buyer is has been given deliberately inaccurate information which causes the buyer to overvalue the merchandise. I'm not a lawyer, but for me, this deliberate misrepresentation of MSRP constitutes a type of fraud (if not in the legal, then in the vernacular sense.)What if a seller, let's say Nitro aquires a lot of very desirable suits. Let's say Kiton 180 suits. And the genuine MSRP at Neiman's or Korshak is $8,000. If Nitro says the suits have an MSRP of $15,000, does that make them worth less or make them not worthy of purchase?
Parisvegas is different. He makes no misrepresentations. That he never answers emails is a customer service issue. It does not bring his honesty and integrity into question.