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Selling the Olympic Torch

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    (Original post by tehforum)
    http://www.ebay.co.uk/sch/i.html?_nk...&LH_Complete=1

    As you can see, one sold for 110k - but that's going to be timewasters.

    The next highest sold is 4744, then 3250.

    So, I don't think it's worth selling it.

    And if you sell in the future, there'll be more supply, hence lower prices - although these will be relatively small drops because of the inelastic supply

    Fair enough, but you can see that the cheap ones were not sold in auction
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    Don't sell it on eBay, they'll take 10% of your profit!
    & Paypal too!
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    (Original post by _OliviaTheOwl)
    Don't sell it on eBay, they'll take 10% of your profit!
    & Paypal too!
    where would you suggest then?
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    (Original post by Matthew_Reece)
    where would you suggest then?
    I don't know, anywhere but eBay.
    If it sells for 10k they'll require you to pay £100 back the next month on your 'invoice'
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    (Original post by Matthew_Reece)
    So are you confirming that they are legitimate bids?
    yes.
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    Hmm I know someone who is trying to sell one on ebay
    If you actually look at the completed listings though a lot are being "ended by the seller" and very few are actually selling. Completed bids are barely going over 400 pounds. Since the story hit the news that they are being sold on ebay and they are going for so much loads are going on.
    I'm afraid to say that I don't think you get as much as you think you will for it
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    (Original post by jameslad)
    yes.
    You can not confirm this in the slightest
    When you go on completed listings and actually look at the ones that have sold, when you click on them many say that they have been either re listed or basically they have not paid up for them.

    Also, even the story of the woman who sold one for over 100k said that she had not received the money for it yet... and me thinks she probably never will
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    (Original post by tehforum)
    I would never sell the torch, even if you're not well off.

    It's a god damn Olympic torch, a piece of history.
    Statues of Pharoahs and deities are pieces of history.
    The Rosetta Stone is a piece of history.
    The Shroud Of Turin is a piece of history.

    There are 8000 of these torches being carried around, so no, they are not "pieces of history", they are replicas of a symbolic torch that for some unknown reason make people very very rich when they're sold on eBay.

    They have as much historical worth as Buddy Christ figurines.
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    If you're going to, do it in a few years, maybe near to the next on/one after? Less people selling= more money
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    (Original post by HellOnHighHeels)
    If you're going to, do it in a few years, maybe near to the next on/one after? Less people selling= more money
    I was thinking the same thing, too many being sold reduces the price... wait a year and when no one is selling get it on Ebay and THEN watch the money roll in lol
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    I would be interested in owning a torch this summer, not when the next one rolls around. The longer you leave it the more time you give for demand to fall. I don't think anyone will care once the Olypmics is over.


    I'll give you £40.
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    I'd sell it when the Olympic games have begun (i.e peak in popularity of interest).
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    (Original post by El Torres)
    I would be interested in owning a torch this summer, not when the next one rolls around. The longer you leave it the more time you give for demand to fall. I don't think anyone will care once the Olypmics is over.


    I'll give you £40.
    Lol only 165 under the price paid
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    Id keep it, it will go up in value.
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    (Original post by multiplexing-gamer)
    Id keep it, it will go up in value.
    Exactly what I think. Only 8,000 in circulation....as the years go by this will dwindle and it will be worth something for collectors.

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