Originally Posted by C W Burfle:
IMHO, they often seem to be taking undue advantage of their victims.
It seems that way only if you consider what they expect to get versus what they pay for the stuff they buy, and nothing else.
Factor in the costs of travel, lodging, food, fuel, any vehicle payments, vehicle maintenance, insurance, appraisals, any rent or mortgage payments on their buildings, building upkeep, utilities, property taxes, income taxes, business taxes, the salaries for them and those that work for them, plus lots of other little expenses, and you will understand that all of these expenses have to come out of the difference between what they pay for items and what they get for those items. And if the items sit for a long time, the money is tied up and doing nothing for them. They have stated many times in the past that they have to be able to double their money on stuff they buy in order to stay in business. Sometimes they do better, some times they do worse.
On the flip side, how much time, effort and money would their "victims" have to spend in order to get more money for the items they are selling? Their money is tied up in the items and doing nothing for them, especially if it sitting around and deteriorating. The pickers are assuming the risk that the item may not even sell in a reasonable amount of time and at a profit.
I'm sure they get some nice money for doing the show, but let's face it, this is low-budget cable, not a Hollywood network sitcom starring high-paid actors. It appears that they are using the money earned to expand their business, as evidenced by the second storefront they opened in Tennessee, and they appear to really enjoy what they do.
My dad used to be a picker (back before it had a name) on weekends as a sort of a hobby, and came close once to doing it full time, and that is pretty much the business model a picker has to operate on in order to make it worth their while.
I enjoy these shows, mostly because they remind me of the days when my dad dragged us along on his picking adventures, but also because I actually learn a lot from these shows about what people consider to be of value, and the history of a lot of the items is fascinating to me.
Andy