Posts Tagged ‘Charity’

Jun 5, 2006

Supply & Demand at Auction Napa Valley

My economics professor in college lectured the class that near all pricing could be explained by one simple rule: Supply and demand. On its face this is a pretty simple rule. Count up the supply. Measure the demand and voila. We all knew and so did he that it’s a tad simpler than that. Another thing he taught us was to be careful to accurately identify what the object or item under consideration is. That brings us to this last…