Quote:
Originally Posted by Qiaozhi
Carl may be correct that would have sold for around $1000 if the bidding had started at $1, but it would have been for curiosity value only.
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Maybe, but I came up with that price based on the "affordable gullibility" rule. That is, there are quite a few people who can afford to be gullible for about $1000. That's one reason why $1000 is a good selling price for LRLs. When you price an LRL at $5000, people look at it and say, "I'm gullible, but not THAT gullible." So $1000 is a reasonable rip-off, but $5000 looks like an unaffordable scam.
Interestingly, pricing an LRL too low will hurt ya, too. A $50 LRL will make people think you're a rube selling toys you made with kitchen garbage. It's just not a serious price. So even if you tape a calculator to a dowsing rod, jack the price up to a serious "affordable gullibility" level to optimize your sales, and your laughs.
- Carl