Earlier this week, my hubby and I were watching one of those dramatized history mash-ups on the History Channel. The subject was Dutch flower traders and the “tulip mania” that happened centuries ago, a event which is now seen as the “first recorded speculative bubble.” During this period outrageous and inflated prices were given to the simple and humble flower. This was happening in the 1620s. Fast forward to 2012 and six hundred years later we still fall victim to epic price jack.
One of ways we as a culture see it in full effect is during the holiday season. Parents fall prey to the pressures of their children and pay way more than they should on items on the “the marketers tell us that these are the toys our kids want nay need” hot list.
And with such a huge perceived demand, there are opportunists that seize the moment and try to make a quick buck by reselling these toys at huge, and I’m talking huge, mark-ups. In a study of what the perceived value of these “hot toys” are, I looked at eBay to see what prices sellers had the nerve to ask.
Which one do you think is the most ridiculous:
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Read more from Sunny Chanel right here.