Greed in the hobby... heartbreaking

I won't give my two cents since I can't find them at the moment, but in short,
$10, $20 and $30 frags of brightly colored stuff = fair
$40 and $50 frags of absolutely amazingly colored stuff or XXL frags of bright stuff = usually fair
$100 and up for anything but a colony of bright stuff = not fair
I have no problem with selling, since it makes things available to people who don't yet have anything "cool" to trade, but let's be realistic here, folks.


Like disturbed, I'm with a store and have the privilege of looking behind the retail prices to see what things actually cost. Please note that most of my comments are directed at the online vendors who show up at swaps rather than the swappers. I would say 99% of the people in our club are just looking for a little something to cover running costs and/or money to buy new corals which can widen the gene pool of our clubs frag selection. They work hard to keep their corals healthy, and hard work deserves to be rewarded. That being said (and I'll use chalices as an example because it's the first and in my opinion worst offender that came to mind)...

If you think for one second that those chalice frags you see plastered all over the internet cost 300 dollars an eye because the owners paid an arm and a leg for them, think again. 100 percent markup? HAH! That single eye frag is selling for about twice as much money as the seller paid for the entire COLONY, yes, I'm serious. Now consider the fact that a typical chalice colony sizes about 4 to 6 inches with at least 30 eyes, usually quite a bit more. That's 9 THOUSAND dollars profit on a 150 dollar coral. For those of you who don't want to do the math, that's 6 THOUSAND percent. Here's another little secret, full colonies of chalices are actually pretty fast growing. I can easily get 1/2" a month on my chalice colonies. Those frags are small for a reason, 1 eye frags live, but they grow very slowly, ensuring that there won't be any competition for quite a while. Just bumping that size up to the diameter of a quarter and 2 eyes cuts the growout time to a colony in half. Chalices also pretty darn easy to get, at least from what I've seen. If a store wanted to, it could get a mummy eye type chalice every week and a watermelon type somewhere around once a month. I'm not saying there aren't some truly uncommon ones, but those aren't the ones i see being sold everywhere, either. Don't judge rarity by how it's implied, judge it by availability. Don't you think it's kind of odd that EVERY SINGLE ONLINE VENDOR has watermelon chalice frags for sale?...

Obviously I'm using an extreme example here, and some people do buy the 300 dollar eyes and grow them into colonies and sell them for less than half of what they paid (MUAH, love you), but the fact remains that most of these corals are not grown out with love and care from tiny pieces like the sellers would want you to believe. If the goal is to maximize profits, it does not make sense to buy a coral that's already very expensive and then invest more money by growing it out. A much better solution is to buy a bunch of cheap un-named corals, keep them just long enough to attain bright color, cut them up ( save just enough of the parents that they continue to grow fast and produce more frags), inflate the prices into the stratosphere to create instant demand (the best way to make people want something is to make it appear unattainable), and then sell them all off as your own "brand" of coral. Turn something common into something rare by convincing people they can't get it cheaply anymore. In the words of David Wong, it's called "Forced ARtificial Scarcity" or F.A.R.T.S. And when you're sniffing the F.A.R.T.S., someone's got you by the a$$hole.

I travel to frag swaps for hundreds of miles in every direction. Do you know what people talk about? Ideas? Advice to newbies? New thoughts on how to keep difficult corals? No, PRICES! Every swap I've been to lately has been nothing but one giant running sentence of who-sold-what-coral-for-how-much-and-how-soon-can-I-do-the-same. It isn't even intelligent or stimulating conversation. People used to talk about CONCEPTS. They used to talk about INNOVATION. They used to sit down and LISTEN to the guest speaker's presentation instead of going right on with their sales (I've been guilty of not following this one once or twice too). When people are content to just sell and resell the easy stuff and no longer grow as aquarists, that's when the hobby REALLY dies. If you want to really justify a high selling price, don't go looking for a coral nobody has because they haven't bought it yet, go looking for a coral that nobody has because we don't know how to keep it yet, read what's been achieved so far, and try to build on it. High praise to the pioneers in the non-photosynthetic realm for this one.

Finally, we really need to get the pay it forward program moving faster. I sincerely hope the reason it hasn't taken off is not because people don't want to be bothered with something that doesn't turn a profit. I also stand behind Dan that membership should be required. The main reason for that was to deter outsiders from running off with free frags to sell to the members of their own clubs and also to boost our membership. I've paid up my dues and I have some things in growout already. When they are big enough, I'll be giving them out through the PIF program ( and it'll be good stuff, too).
 
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Tony, well said. I could not have said it any better.

I just do net get the complaining about prices. No one is holding a gun to anyone's head making them pay the price. What is the need to keep the ridiculously priced corals,? its not going to make you a better reefkeeper. After all you as a consumer have the power. The seller never has the upper hand unless there is a demand and willingness to pay the crazy prices.


sanjay.
 
I've been apart of this club for about 5 years now and not much has changed. Swaps are supposed to be a place for friends to get together and bs. If you pick up some nice corals great if not you atleast got to catch up with people you dont get to see everyday.

As for the price of the corals- I was selling good sized red planet frags for $25. I got a few comments about the price. The most common was why is it cheaper then others are asking. Is there a problem with it. Are you sure it is healthy.

Can anyone honestly tell me why I should sell it again at the next swap for a fair price?

No one is forcing anyone to come to the swaps. Look at fragswapper before you decide to go. If the prices of frags seem out of range then stay home. If you want to spend the day seeing friends, maybe learning a thing or two, listen to some great speakers, have lunch and enjoy the specials TFP is offering then spend the $5 or $10.

It is impossible to please everyone but as long as the majority had a good time thats what matters!

Just my two cents!

Carl
 
Carl, definitely nothing wrong with your red planet, my frag looks beautiful in the tank right now! I found your post funny though, because I got some of the same comments on my $1 frags.

Sanjay, I understand what you're saying about no one holding a gun to my head, but if there is a coral you've always liked... whether it be a watermelon chalice, or in my case Candy Apple Red polyps... there's nowhere to go to get them for a "normal frag" price. You either pay the $20 per polyp or you don't get it. So while no one is holding a gun to my head, I'm forced to take a bullet to get the corals I truly love. Hope that makes sense.

PS. Tony, great post. The way you laid out prices for frags makes a lot of sense. Also, I think it was you that had the cheap watermelon chalice frags... I couldn't believe no one scooped them up early, I wanted one but my wife wouldn't let me spend any more $ :rolleye1:

Nick
 
Sanjay, I understand what you're saying about no one holding a gun to my head, but if there is a coral you've always liked... whether it be a watermelon chalice, or in my case Candy Apple Red polyps... there's nowhere to go to get them for a "normal frag" price. You either pay the $20 per polyp or you don't get it. So while no one is holding a gun to my head, I'm forced to take a bullet to get the corals I truly love. Hope that makes sense.

Nick

Nick:

It is exactly this WANT that set the prices to be high. There may not be enough to go around (whether real or artificially created) and with the big demand the prices will go high.

Luckily for us, corals grow and with most corals the price eventually comes down. Why do you think the fad moves from coral to coral - acans, micromussa, chalice, aussie corals, etc. ? For these pricing schemes to work, there has to be new fad created once the market gets saturated.

I just don't fall in love with anything to the point where I have to have it at any cost. You are going to have to pay for your infatuation and impatience.
There are plenty of corals that I am very happy with, and plenty others I can and do live without.

I routinely see new hobbyists who get into the hobby and all they care about is acquiring the latest and greatest coral, without even having the where with all to keep corals alive long term. What is the goal here ? to become a successful reef keeper or to become a collector ?

Its not my place to pass judgment on what people do with their tanks or money. May be its true what they say "A fool and his money are soon parted". :-)

sanjay.
 
Nick:

It is exactly this WANT that set the prices to be high. There may not be enough to go around (whether real or artificially created) and with the big demand the prices will go high.

Luckily for us, corals grow and with most corals the price eventually comes down. Why do you think the fad moves from coral to coral - acans, micromussa, chalice, aussie corals, etc. ? For these pricing schemes to work, there has to be new fad created once the market gets saturated.

I just don't fall in love with anything to the point where I have to have it at any cost. You are going to have to pay for your infatuation and impatience.
There are plenty of corals that I am very happy with, and plenty others I can and do live without.

I routinely see new hobbyists who get into the hobby and all they care about is acquiring the latest and greatest coral, without even having the where with all to keep corals alive long term. What is the goal here ? to become a successful reef keeper or to become a collector ?

Its not my place to pass judgment on what people do with their tanks or money. May be its true what they say "A fool and his money are soon parted". :-)

sanjay.

Love that quote brother :beer:
 
I work in coral importing, and with that experience I've learned that there are are probably one or two dozen legitimately rare corals in the country, that's across all of the species and most of those aren't even that popular. The rest is all smoke and mirrors. It's appalling, but honestly for the most part it's not stores that are doing it, it's hobbyists that color up corals they get from their LFS or online, then tag their names on them and get a great pic which makes them rarer somehow so they can rip off other hobbyists.

I know A TON of LFS all over the country that get in amazing, rare corals and sell them at great prices, but people don't support their local shops anymore because the fad is to buy a polyp at $40 than the same wild colony for $40 that needs a little coloring up. So the scammers buy from the LFS, tout bs like "supply and demand" and "saving the reefs" and the hobbyists buy from the scammers, the cycle continues and now it's a pathetic mess where people "show off" their $12,000 90 gallon tank that's just 100 nickle sized dots on rocks and looks hideous.

We buy it, we perpetuate it by pretending it looks good and complimenting people on their awesome frag plug dominated tanks, so if anyone's the problem it's us, the scammers are just preying on the idiocy. Think about it, when was the last time someone posted a picture of a $900 two eyed speck of a chalice and the predominant opinion wasn't "*** is wrong with you that you let yourself be ripped off in such an obvious manner." It's always "wow, you must make good money and therefore be a better reefer, here, have some pointlessly undeserved respect."

Just my 2 cents...
 
I work in coral importing, and with that experience I've learned that there are are probably one or two dozen legitimately rare corals in the country, that's across all of the species and most of those aren't even that popular. The rest is all smoke and mirrors. It's appalling, but honestly for the most part it's not stores that are doing it, it's hobbyists that color up corals they get from their LFS or online, then tag their names on them and get a great pic which makes them rarer somehow so they can rip off other hobbyists.

I know A TON of LFS all over the country that get in amazing, rare corals and sell them at great prices, but people don't support their local shops anymore because the fad is to buy a polyp at $40 than the same wild colony for $40 that needs a little coloring up. So the scammers buy from the LFS, tout bs like "supply and demand" and "saving the reefs" and the hobbyists buy from the scammers, the cycle continues and now it's a pathetic mess where people "show off" their $12,000 90 gallon tank that's just 100 nickle sized dots on rocks and looks hideous.

We buy it, we perpetuate it by pretending it looks good and complimenting people on their awesome frag plug dominated tanks, so if anyone's the problem it's us, the scammers are just preying on the idiocy. Think about it, when was the last time someone posted a picture of a $900 two eyed speck of a chalice and the predominant opinion wasn't "*** is wrong with you that you let yourself be ripped off in such an obvious manner." It's always "wow, you must make good money and therefore be a better reefer, here, have some pointlessly undeserved respect."

Just my 2 cents...

Very well said. Your opening sentence cracked me up. I love the rare stuff that every website carries all the time.
 
I work in coral importing, and with that experience I've learned that there are are probably one or two dozen legitimately rare corals in the country, that's across all of the species and most of those aren't even that popular. The rest is all smoke and mirrors. It's appalling, but honestly for the most part it's not stores that are doing it, it's hobbyists that color up corals they get from their LFS or online, then tag their names on them and get a great pic which makes them rarer somehow so they can rip off other hobbyists.

I know A TON of LFS all over the country that get in amazing, rare corals and sell them at great prices, but people don't support their local shops anymore because the fad is to buy a polyp at $40 than the same wild colony for $40 that needs a little coloring up. So the scammers buy from the LFS, tout bs like "supply and demand" and "saving the reefs" and the hobbyists buy from the scammers, the cycle continues and now it's a pathetic mess where people "show off" their $12,000 90 gallon tank that's just 100 nickle sized dots on rocks and looks hideous.

We buy it, we perpetuate it by pretending it looks good and complimenting people on their awesome frag plug dominated tanks, so if anyone's the problem it's us, the scammers are just preying on the idiocy. Think about it, when was the last time someone posted a picture of a $900 two eyed speck of a chalice and the predominant opinion wasn't "*** is wrong with you that you let yourself be ripped off in such an obvious manner." It's always "wow, you must make good money and therefore be a better reefer, here, have some pointlessly undeserved respect."

Just my 2 cents...

Thanks for saying that. It was a big adjustment for me when I decided to get back into the hobby again as things have changed in terms of the equipment used, methodology of reefkeeping, and of course the pricing and way people "do business" in this hobby. Mind you that I lived in California at the time I was into the hobby in the 90's and saw more trading and bartering for livestock then selling. We use to get together at a LFS in our area that held weekly meetings on Friday night, gave us good prices on things and took us to swaps, other meetings in the area. I miss those days and was shocked when I found out how territorial people in this hobby have become. I wish every LFS had a pay it forward program to promote people in this hobby to stop the madness and get back into the hobby for the reasons that brought us her to begin with. :(
 
What I find funny is that I included a "Rare" option on FragSwapper before the whole concept of LE, ORA, Rare etc. hit the market. "Rare" was originally supposed to mean.."Not too many people in the club have this." Now, we have dozens of the same "Rare" corals listed.....oh well.

As for a site for the free corals...I did kick it around before, as well as passed some emails back and forth with NCPARS folks, but unfortunately the current site really isn't setup to work that way and I really don't have the time to build something new. If I ever get the time to re-build FragSwapper (which I've started...twice...over the last 3 years) then maybe I'll work something in. But having a family has hit me pretty hard so "free time" ain't what it used to be. :)
 
If you buy your dream sports car, do you sell rides @ 10 bucks for 10 minutes to lower your monthly payment? If you have a spider plant in your kitchen that sprouted lots of little baby spider plants and your friend asked you for one, would you say "30 bucks"? I think not. :) Just my .02!

It's beneficial to frag specimens in the first place. It can stimulate new growth. It's not like these people are fragging away their coral that will never grow back....
 
SWEET! Thats a bargain for that ultra rare super extreme aussie coral originally fragged by Mr. Aussie himself with lineage! I call dibs! LOL
 
All of what you said seems true but, how much you put into YOUR tank shouldnt be what others will pay you! it is your hobby and not someone else's misfortune that you have an expensive upkeep.
What you buy grows for free and shouldnt come outta someone elses pocket cause you are a gizmo nut....

this may come across wrong but the point trying to be made is "if you like the hobby? you do what it takes to satisfy you, Dont use your upkeep as an excuse to charge the next person top $$$."

I might be new here but been in the hobby for 15 to 20 years now and people using upkeep as an excuse to make money burns me. if you cant keep up your hobby with your money.... you need to get out cause you cant afford it!

best way to bring prices down has been mentioned many times...

DONT BUY IT!!!!


WARNING: POTENTIALLY IGNORANT COMMENT AHEAD...lol Sorry in advance for those who get offended...

Everyone is entitled to their own opinion of course, but this hobby is one of the most expensive you can choose. Whether its just keeping a reef or getting in depth with cameras and equipment to photograph your animals; its just that... EXPENSIVE... Lets do some generalized calculations to see if we are being greedy, just covering costs, etc. Equipment prices are given and expensive, but do any of you out there take into consideration costs not directly associated with the cost of the coral itself or equipment? Many of the hobbyists out there who are charging higher prices do many more or higher volume water changes than the average hobbyist. Just me personally; on my 40gal breeder I do 10gals a week and I also adjust the fresh seawater to have ideal calcium, alk, and Mag before doing the water change.

Also they have controllers, reactors, mobile links to check their systems when not nearby, time and money spend on finding such specimens, as well as the electrical consumption associated with these systems. With all that is considered, yes there are some corals people ask way too much for, but on the otherhand if you want LE or rare you have to pay the price. These corals have been loved, cared for, and fed everything possible to ensure that they stay awesome. Sometimes we also do not consider the cost of fragging and time a hobbyist who has these puts into their systems. I know I spend at least an hour a day on my 40gal tank. I am not saying I want paid for it, I am just trying to cover every cost associated with my frags when I have them for sale. Little subnote here... When I offer frags... They are generally cheaper.

My electric bill without the tanks would run about $65 per month... I am currently at $165 and was as high as $250 or more before removing a 175gal reef from my home. My waterbill is every three months, yippie for me at $75.00 for three months; while others are not so lucky and the cost of making RODI water is more expensive in more populated areas. Salt runs the average of $40-$60 per bucket but as high as $100 per bucket. I know some do 50gal waterchanges per week so thats about $60 per month just in salt. If you add that up and also see how often they have frags for sale then I do not think the average hobbyist with high priced frags is asking too much for them.

Also... Jason Fox Signature Series Frags for example: Has anyone ever seen the setups that guy has? He has a small fortune in equipment, water changes, and space dedicated to the operation of those growouts. You have to figure in the space required for his stuff as he is in need of paying the bills for the space in which he is using. I do not see that as making money, but a way to break even with space and all things considered. $300 frags yes sometimes, but I am sure the colony was purchased for a considerable amount more than that and it wouldn't make sense to sell every Tom, Dick, and Harry a $20 frag would it?

Just curious... How many hobbyists have a room dedicated to fish? Did you calculate how much you pay for that room a month just for your tanks? Take the square footage of the home, your room for your hobby, and the rent/mortage payment and calculate it... LOL I bet its more than you think.

I am not agreeing or disagreeing with anyone in particular here, nor am I trying to pick a fight, I just wanted to see if anyone else is seeing everything involved with some of the "rare" stuff being fragged up.

Online sales and stores... now that is a different ball of wax all together.


There are a few other comments on this thread I think would be good if started in another thread to spearhead them instead of in this thread. So I am not going to comment and get sidetracked or my post will be as long as book. ;)

 
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