market price of corals

[BroRage]

I was just wondering to myself a question in which I hope all vendors and other people in general might answer this question...
who sets the market price for corals..and how much the corals are worth...

and if there is not a set market price for the corals...dont you think there should be one...for those that over price corals that are for sale...

 

[joseney21]

Supply vs. Demand is the name of the game....but sometimes even when you have the supply to meet the demand sellers will jack up prices to see what consumers will pay in order to maximize their profits.

 

[House of Laughter]

Cost of any item is driven by cost of production, fair market value and supply and demand. Standard economic forces are in play and what people will pay, verses fair market value gets blown out of the water when supply goes down and demand goes up.

So, the setting of a price is somewhat moot when the market for any given item is a moving target. suggested retail pricing, if it's what you mean, should include the cost of production and a margin of profit to make it worth while for the resaler.

As part of the comittment to MR, all vendors are supposed to provide animals at a fair market value - this can be influenced, however, by how hard it is to get a specific animal type.

So many factors involved - also, hype causes prices to go up as well.

Anyhow, I think you get the picture - it's a moving target.

House

 

[marrone]

A lot depends on the time of the year as certain corals, fish and inverts maybe available in larger quantities resulting in lower costs, while other times that item mayn't show up and when it does it may cost a lot more than normal. Also don't forget there are limits set on certain corals, fish and inverts, whether collection times or the amount that can be brought in.

Also cost of shipping can play a part in the increase of prices as can fish and corals from deeper waters.

Then you also have situations were something is very much in demand, ex. Lords, and the price will be jacked up to meet the demand. You also have your rare corals that either don't show up that often or have different colors than normal, and even larger sizes.

 

[jhale]

and some people just like paying a lot for a "rare" coral.

like Mike said when the acan craze was going on people
were paying $1000+ for colonies.

 

[druluv]

Also remember that country stabilty plays a part in the price too.