I had a pretty good weekend on the hunt. One was a vintage video game cartridge. I am a flea market vendor at one of the local places. Largest in New England. It was a purchase from another guy that deals in the same items I do. He was an outside dealer, sets up occasionally but not a permanent spot inside like I have. I've purchased from him before. Basically he does no research and if he doesn't recognize it, it must be crap. In short I pulled the rarest video game I've ever hit from his $2 bin. Sells between $125 and $150 loose on any given ebay day. It was kind of funny because while I was looking through his stuff he actually was testing me on my action figure knowledge. He had a bunch of 80's stuff like He-man and Sectaurs etc. Again no idea, no research just throw em on the table. One of my regular customers actually cleaned him out of those while I was there.
When I got inside I was telling my buddy about it. He was a former business partner of mine in a vintage toy store years back and also a vendor. He asked me jokingly if I felt guilty about "robbing" the guy as he stated. We've been friends for years and he knows I don't. He's built a six figure collection of items he specializes in for what he estimates cost him about 5 - 10% of it's value by buying and flipping.
I spend a lot of time educating myself on things and for me it has resulted in good money. The guy asked a price and I paid it. I did however think about it later and wondered if anyone does ever feel guilty about a purchase that was worth way more than what they paid. So what's your thoughts? Discuss freely.