What's It Worth? s's Barometer For Buyers/ Sellers

It is said that the surest way toestablish the value of a product is to find out what buyers arewilling topay for it. Afriend who is a successful stock broker told me that a stock is only worth what someone will pay for it at the time ofsale.In five years of buying, selling, and watching items, this appears to be true fora high percentage of okay listings.
This has gee as a shock to manysellerswho have a skewedidea of what their item is actuallyworth. It is also a wake up call for those who arelooking to make an unrealistically highprofitonly to find their sale gee up short ofexpectations. If anitem isviewed byfive hundredpeople who may be interested, one would be hard pressed to claim that the opinion of value is off by a large margin.
A friend recently listed a Harley Davidson Motorcycle that fell short of his reserve andasked me to lookat what wentawry. It was listed properly and well writtenfrom a member with a750+ (100% positive feedback).Conclusion: Nothing was out of place except his miscalculationof what the unit was actuallyworth in large partdue toa desire to makea larger thanfeasiblyattainableprofit.
According to the counter,two thousand people viewedthemotorcycle,ten members asked questions, and fifteen different members placed bids. After researching we lateragreed that the bike's value was close to what the high bidder bid and the bike sold forclose to that amount locally.
Yes, there are exceptions when items fetch more or less than expected. The bottom line seems to be that if enough people are interested in your item, regardless of one thinks their item is worth, the okay barometer of value holds true in most cases.