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Questions raised about estate buyer's tactics


Tiffibunny
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"He said companies like the one operated by Tyra target people who don't know they are getting ripped off.

 

Some buyers can turn $500,000 worth of items into $5 million within six months, Wittnebert said.

 

"They are preying on people who don't know any better," he said.

 

"There's nothing illegal about it, but it's unethical."

 

Well, for a dealer to turn that kind of profit, he has had to invest decades of learning about the various markets for collectibles. I suppose that these imbeciles think a dealer should buy for $1 and sell for $1.05. If that was the rule, collectors would have a hell of a time finding material for their collections because there would be no dealers.

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