gazingdown
Well-known member
- Feb 26, 2011
- 1,071
The market price is whatever people are prepared to pay.
The selling club may not want to sell at that price which is fair enough, so the selling price (i.e. club valuation, NOT necessarily the same as the market valuation) is whatever they want but that does not make it the market price (unless someone pays it!)
For example, your car may be worth £10k but if someone knocked on your door and asked to buy it you may say no. You are entitled to say "not selling it, but if you give be £15k I will consider it".
The selling club may not want to sell at that price which is fair enough, so the selling price (i.e. club valuation, NOT necessarily the same as the market valuation) is whatever they want but that does not make it the market price (unless someone pays it!)
For example, your car may be worth £10k but if someone knocked on your door and asked to buy it you may say no. You are entitled to say "not selling it, but if you give be £15k I will consider it".