Hello Kitty Craze? More Like Herd Mentality
Source The article mentions the S$126,000 black Hello Kitty bid on ebay. I don't think anybody with a functioning brain would pay for that, more like the seller was a victim of fake bidding. I did a search on ebay sorted by highest price first, I laughed at what was presented in front of me... Ridiculous Now let's sort by lowest price first... Still ridiculous The lowest price is S$12.50, the toy was originally priced at S$4.60 by McDonald's, it is now 171% more expensive, ultra-inflated pricing, but still, there are 9 bidders, it might even go higher since there's still about 2 days before the bid ends. Look at this, S$155.50 with 3 bids... Would you pay S$155.50 for a soft toy? I wonder if the bidder will honor the deal since there are cheaper deals available. Let's be realistic, there's really nothing attractive about this soft toy, obviously profiteers have a good reason, but why the heck then would everyone else queue for it? Ever no...