£200 for a valver box!!

[Lunner]

HAHA.....someone obvously has no idea what they are worth lol

http://cgi.ebay.co.uk/ws/eBayISAPI.d...OIBUAA:GB:1123

[schakal]

lol ,i can get jc5 s for 70
thats hardly a bargain even considering it works fine

[Lunner]

I offered him £50....was refused lol

[Lunner]

He's got the engine from the same car up for £500...thats expensive for a f7r let alone an f7p lol

[Mick_RSC]

He sold it for £200, so as of his advert market value for a valer box is £200. Supply and demand and simple economics.

He would have been pretty stupid to accept your offer.

[Lunner]

No, thats not market value, thats some one's idea of market value with no idea otherwise

Take for example a 1.2 clio 95 plate 150k miles, not worth much more than a few hundred quid....if someone manages to get £3k for it don't mean thats what its worth, its just what someone is stupid enough to pay for it

[Mick_RSC]

Definition of Market value available from from any economics text book or any google search

The price as determined dynamically by buyers and sellers in an open market.

or

The value of an asset based on current market prices.

or

The price at which buyers in the open marketplace are willing to pay for a product or service.


Market value is what the item actually sells for. This is the most recent advert selling a valver box, and therefore the best indicator of what market value is. You can argue all you want, but if people pay £200, then this is market value.

[BRUN]

im with Lunner, and i did A-Level Economics, one sale does not make it market value

and what a stupid argument anyway

[MattyH16valver]

[Mick_RSC]

im with Lunner, and i did A-Level Economics, one sale does not make it market value

and what a stupid argument anyway

I did art at GCSE, but it doesnt make me qualifed to alter text book definitions of what defines a renaissance art piece.

If you sold your house to a homeless indian man and got 5p, does this have anything to do with market value? No. Just as selling a valver box for £25 quickly on a forum doesnt related to true market value. If you did A level economics you should have learnt that market value has a sub context defined by an unhurried sale, with no external circumstances that make the sale take place in an environment other than where the item or service is likely to attain a true reflection of its maximum value.

If you had a valver box for sale now would you sell it for £25 on a forum, or put it on ebay where we know they go for £200, as proved by this advert? Come on, this isnt rocket science.