Let's say 10 people have 2 banana males each to sell this year. One person decides to sell theirs for $30k because they're nervous and want to get a quick sale. Their two males sell very quickly. There are now 18 banana males available. Why would the other sellers need to drop their price? The lowballer is now out of stock. Anyone wanting to get into the project now has to pay the asking price of one of the other 9 breeders.
Now, the following year things might be different. The two people who bought those $30k males might have their own males to sell. If they are smart, they will charge a premium for them and make a fortune.
I'll tell you right now, if I were able to get my hands on a banana male for $30k, and the typical asking price next year is $50k, you can be sure that my asking price will be right up there with the rest of them. Now, if they stop moving at that price, then the asking price should be lowered, but isn't the idea to get the most return on your investment?
Reply With Quote