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- Dec 28, 2016
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It amazes me that you think it doesn't. How could it not? To use a fish example -Why does a Peppermint Angel sell for thousands of dollars -when a lemon peel angel (which I think is 'prettier' sells for $35?Totally agree here. To blame the Indo ban is to say every single pre-ban coral has died. The ban is just used as an excuse to raise prices. Those $800 torches are still just torches. They aren't rare. They are just a different color.
It amazes me that anyone thinks supply and demand has anything at all to do with coral prices.
It seems to me that its 'supply and demand'.
If you're saying that 'some sellers have corals that are priced 'too high' - my question - are you sure those vendors are actualy selling those corals for those prices(I dont think you can be sure).
The ban definitely had an effect on price - because it affected supply of coral - and it also increased the 'perceived' demand - i.e. people saying - wow I better buy one now - or they will be gone - or as is the case at a couple stores here - they want to keep them for fragging but they will sell them at a huge markup.
By way - the way - bans decrease supply (at least temporarily) is -lets say there are 50 of coral x coming the US daily from Indonesia-and 50 of the same coral coming from Australia.When the market is in 'balance' lets say there are 100 buyers for the 100 corals coming in each day. Then one day - Indo ban -now there are still 100 people each day wanting coral x - but now only 50 are coming in - so- the supply has dropped by 50 percent - the demand is the same - and prices go up.
Its all supply and demand IMO