From what I understand $30K was the asking price and actual sale price was lower, but that is still a LOT of money.
IME markup at LFS's tends to be between 100%-200%. This may sound like a lot but say a store buys 10 fish for $6 and sells them for $18 that's $120 "profit" but once you start factoring the expenses they have like rent, staff and electricity the margins get a lot small. This doesn't even take into account losses from shipping which for the most part the retailer has to eat.
..that is just WAY too much for fish of any kind....buy some food for a homeless family instead
For that kind of money have the homeless family swim in your tank. It's a great conversation piece.
I can tell by watching those Gem Tangs that they are quite sad and used to being in the open ocean. Tank raised fish are such a better choice than wild caught. Watching the video of them makes me sad.
From what I understand $30K was the asking price and actual sale price was lower, but that is still a LOT of money.
IME markup at LFS's tends to be between 100%-200%. This may sound like a lot but say a store buys 10 fish for $6 and sells them for $18 that's $120 "profit" but once you start factoring the expenses they have like rent, staff and electricity the margins get a lot small. This doesn't even take into account losses from shipping which for the most part the retailer has to eat.
that is nuts! do those fishies provide income??!