The idle musings of a former military man, former computer geek, medically retired pastor and now full-time writer. Contents guaranteed to offend the politically correct and anal-retentive from time to time. My approach to life is that it should be taken with a large helping of laughter, and sufficient firepower to keep it tamed!
I've seen and read the reports on this, and keep thinking to myself that one can build a convincing provenance for any item just by purchasing something similar at Goodwill. There is no serialized link between the receipt, price-tag, and THAT watch. All we know for sure is that he purchased A watch at Goodwill for $5.99, and that he sold the LeCoutre for net $31,000 after that. That said, when I had a Goodwill store on my route home from work I would frequently stop in, and often got bargains on things I thought might be useful to me. I tended to leave the "purchase for resale" to people who were depending upon that sort of thing.
I've turned a tidy profit on flipping a few items in this way, but nothing nearly that extreme. A $10 sprinkler controller that got me $100 on Ebay or a $150 on an industrial sewing machine that I turned for $2,000 are a couple of my prouder flips. Add to that, the end user got a great bargain in each of those cases as well!
I love living in the future! We may not have flying cars, but this guy's smartphone helped him hit that thrift store jackpot. :D
ReplyDeleteDude made his own luck, really. Knew what he was looking at, checked, and bought it.
ReplyDeleteI've seen and read the reports on this, and keep thinking to myself that one can build a convincing provenance for any item just by purchasing something similar at Goodwill. There is no serialized link between the receipt, price-tag, and THAT watch. All we know for sure is that he purchased A watch at Goodwill for $5.99, and that he sold the LeCoutre for net $31,000 after that.
ReplyDeleteThat said, when I had a Goodwill store on my route home from work I would frequently stop in, and often got bargains on things I thought might be useful to me. I tended to leave the "purchase for resale" to people who were depending upon that sort of thing.
I've turned a tidy profit on flipping a few items in this way, but nothing nearly that extreme. A $10 sprinkler controller that got me $100 on Ebay or a $150 on an industrial sewing machine that I turned for $2,000 are a couple of my prouder flips. Add to that, the end user got a great bargain in each of those cases as well!
ReplyDelete