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It's not even clear to me that they lied. If someone claims the "true market value" of an asset is $X, and the owner accepts an offer of $X, then the market val
by SheinhardtWigCo 4y ago
It's not even clear to me that they lied. If someone claims the "true market value" of an asset is $X, and the owner accepts an offer of $X, then the market value of the asset is indeed $X, no?
- helsontaveras18 4y agoA market cannot just be two people. If I sell you a brand new Rolex for $1, I would say I’m selling it to you at a discount from the market rate, because if I posted it on an open auction like eBay, I’d receive higher bids than $1.
- lazide 4y agoFor that to work there would need to be a liquid market with clear valuation for those types of Rolexs. Which sometimes there is, sometimes there isn’t. eBay in particular is full of scam bids, over and under.