The one last night with the game & watches ticked me off! I typically like Pawn Stars and think they're for the most part above board on their honesty. Last night did not show that side. Cory (the son) offered the woman $150 for 6 Nintendo Game & Watch units. One was still in box. He eventually came up to $250 which she took. His reasoning to her was that it would take a while to sell, they're too new to really be collectible, etc. After she took the money and left he started bragging about how many gamers come into Vegas and he could easily resell them for $100 each.
Ok, I understand you are in business to make money and clear profit. That's fine, just don't screw over your customers and brag about it on camera. I lost a LOT of respect for him and his business ethics in that show.
In fairness to them though, these guys typically need to pull in a gross profit of about 40% to 50% in order to make money. Because out of that you can figure 20% to 25% goes as contribution towards overhead, leaving between 30% to 25% for profit, which is fair. Anything less than that and it starts not being worth their time. Of course for bigger items you can trim % off and still make money. So it seems like if they get what they're going to price these at they may be a bit ahead, but nothing in the unfair range (my opinion only).
I mean, if you want to try to absolutely maxamize your profit, have a garage sale or eBay it. If you want cash now, take what the man's willing to pay.
I'm just saying that because I've seen them on Pawn Stars on several occassions tell a person that they'd love to give them what the person was asking, but couldn't in good concious because it was worth a lot more.
Also, I've found that I really think these shows (Storage Wars is the worst at this) seem to inflate the 'value' of the stuff they find. My wife and I were watching this one episode recently and Hester (I think) got this big locker with boxes and boxes of used books, and he says that he could get something like either $100 or $150 per box of books. My wife and I busted out laughing. If the books were brand new, and you had a bookstore, and you were willing to sit on them for years, you may have been able to get that much for these boxes, but not otherwise. And since there were so many boxes of books, it inflated the value part of the equation so much that compared to the cost of the auction it made the whole thing look like a windfall for the guy. Yea, right.
So I think that they kind of have to show some bravado in the parts of these show where they 'value' the stuff....the producers probably tell them to estimate on the high side, because if they didn't where would the excitement be for all us poor, uneducated viewers?