When did quoting secondary become acceptable trade etiquette?

Discussion in 'Trade Talk' started by Leftofthedial, Oct 31, 2017.

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  1. Leftofthedial

    Leftofthedial Savant (1,068) Nov 17, 2011 California
    Trader

    I’ve noticed a continuing trend of people in the trade forums quoting secondary market values to show whether or not they think a trade offer is fair. When I started trading on BA in 2015, it seemed this almost never happened, and when it did, the community would blast someone for having this “beer as an investment” attitude. My question: why has the community given in and accepted this approach? Is quoting secondary simply the way people currently think about trading?

    Personally, I cannot stand it. Beer trading should at its core be about sharing great beers with other enthusiasts. It shouldn’t be about trying to maximize what you can get for your bottle. Sure there are some bottles that you may be more reluctant to let go of than others, but if you go based off of “this once was valued this highly by someone else, so I’m not going to budge until I get that much,” that’s just a terrible approach.

    Quoting secondary also equates trading with buying/selling on the secondary market, which I believe are vastly different. One is about building relationships and sharing (at least it should be), and the other is purely for personal gain and greed. If you ask a brewer, typically they don’t mind trading, but if you are reselling their beer, they will have a major problem with it.

    Anyway, I’d love to hear the community’s thoughts!
     
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  2. jhavs

    jhavs Grand Pooh-Bah (3,587) Apr 16, 2015 New York
    Pooh-Bah Trader

    If I make an inquiry about a trade post and they mention secondary values I no longer pursue creating a deal.

    I trade on BA exclusively because I don't want to deal with secondary values. There are still a large amount of people that trade based on retail and to share good beer in exchange for other good beer. Just might have to dig through a bit of BS to find the right deal.
     
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  3. MattOC

    MattOC Pooh-Bah (2,100) Jan 13, 2013 Massachusetts
    Pooh-Bah Trader

    Totally agree. I've seen it more often and it's also been mentioned to me in a few of my trade conversations. It immediately turns me off to a trade and that trader. Especially when you present them the exact bottle they posted ISO, but as messages began they come out with, "well, secondary on that versus this is...".
     
  4. jrnyc

    jrnyc Grand Pooh-Bah (3,012) Mar 21, 2010 New York
    Pooh-Bah Trader

    Unfortunately the genie is out of the bottle, the good ole days of simply trading beer you had for beer you wanted to try are gone. Ignore the profiteers and look for the people who value the culture the same way you do, they are out there. The people who play the beer game like the stock market may feel some kind of reward, but I would much rather do it the way old time traders do it, far more rewarding.
     
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  5. mythaeus

    mythaeus Pooh-Bah (2,074) Jul 22, 2013 Pennsylvania
    Pooh-Bah Trader

    Let me preface with the fact that I really hate it. I do not ever mention "secondary" in my trade discussions.

    That said, there are very few "old school" traders out there anymore: good beer I have for good beer you have of similar desirabilities. Nowadays, the problem comes down to finding a semi-objective way to determine "values", especially with new trade partners who are new traders who we can no longer expected to trade the old way. It cuts both ways as secondary can be used to get traders who's asking for too much with their "whales" to come down. It's nearly impossible now to figure out which beers carry similar demands, even with the "Completed Trades" sub-forum.

    All things considered, just like anything else in a discussion, it depends on the attitude. I'm OK continuing the trade conversation with "secondary" as *one* of the factors, if brought up without hounding at it exclusively.
     
  6. BEERschlitz

    BEERschlitz Initiate (0) Oct 13, 2013 Michigan

    Also, their bottle is worth "x" secondary, yours is only worth what you paid for it... :rolling_eyes:
     
  7. John_M

    John_M Grand High Pooh-Bah (6,849) Oct 25, 2003 Washington
    Mod Team Society Pooh-Bah Trader

    @mythaeus makes some good points, but personally, it's not how I want to play the game. I find that the secondary markets are too fluid in terms of value, and are often times based on factors completely unrelated to the quality of the beer I'm purchasing. I've also read (and heard) of far too many instances where artificial means are employed in what appears to be an attempt to inflate the secondary market value (bogus inflated reviews; buying up large quantities of a limited beer in an attempt to increase the perception of scarcity, etc.). Consequently, I ONLY make $4$ trades (as I tell everyone I trade with, "my cost is your cost").

    If that doesn't work for a potential trading partner, it's no skin off my teeth. I don't do a whole lot of trading anyway, and mostly trade in order to help someone out (who generally want to obtain a beer from my area of the country that they have almost no hope of obtaining where they live). IMHO, $4$ trades are the only instances where both parties know in advance what they're paying for, and what the "actual value" is of the beer they're trading.

    Just my two cents...
     
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  8. Janeinma

    Janeinma Initiate (0) May 24, 2009 Massachusetts

    Secondary sucks but then its also laughable to see people try to swap shelf beers for rarer brewery only releases. I saw someone who I figured lived in a 20 mile radius of me who wanted to swap shelf beers for HF Aaron in an IP trade and complained about not getting the beer. They couldn't be bothered to drive for the beer but expected someone else to do the drive for them then swap it for beers readily on the shelf near to both parties. $4$ and availability for availability should be the best pattern.
     
  9. John_M

    John_M Grand High Pooh-Bah (6,849) Oct 25, 2003 Washington
    Mod Team Society Pooh-Bah Trader

    Unless the individual you reference has an exceptionally slow learning curve, you have to figure he'll eventually connect the dots and realize there's a reason no one is pulling the trigger on his trade request.

    If someone living in Pottsville Pa. wants to swap a case of Yuengling light lager for a bottle of Fremont Rusty Nail, he's going to be waiting a long time to find a trading partner willing to strike a deal with him (even though the case of Yuengling is considerably more expensive than the bottle of RN). $4$ is simply a way of setting the value on the trade goods one plans to swap. Availability, desirability, and numerous other factors all go into the decision to actually make a trade.
     
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  10. Beer_Economicus

    Beer_Economicus Pooh-Bah (2,698) Apr 8, 2017 Ohio
    Pooh-Bah Trader

    I'm not sure exactly when it became "acceptable." That said, I suspect that where the secondary market used to be for those with more money than time, the demand has increased some for a number of reasons.

    I spoke with the owner of a shop in Columbus, Ohio this summer. He talked to me about making it to limited released, selling those bottles (specifically, he talked about the Angry Chair IGCCS and IGCCCS), and then using that money to feed his habit (his words). Jesus. I think he mostly meant to feed his habbit at retail prices/travel for releases. -But, I'm sure a lot of people are doing this to purchase on the secondary market, since along with secondary value you'll see people sometimes say "You'd be better off selling those bottles and just buying XXX on secondary."

    It's a bit frustrating. I think these same tendencies are the ones that drive people to hoard just for trading (or selling).

    I think what makes it harder to get away from this quoting of secondary markets is that there are certain regions of the country and certain breweries that happen to be clustered that always command high valuations. So, a system where someone who routinely buys BL gets comfortable with BL trading for the price of a small child will always command higher value for less desirable releases. Add to this that it is the same people getting the releases every time...and you've compounded the problem.
     
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  11. montman

    montman Maven (1,444) Mar 10, 2009 Virginia
    Trader

    Maybe I'm stating the obvious, but you mentioned buying/selling and it feels like secondary quoting has really taken off exponentially recently because on FB groups many people would prefer flipping/selling bottles more than bothering to trading them. Then the few that do trade see the closed posts with the inflated amounts.
    Check a Florida FB trading group as an example, 15 mins after an Angry Chair release and you'll see a $30 dollar bottle asking $120+, etc etc.
     
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  12. evilcatfish

    evilcatfish Pooh-Bah (2,116) May 11, 2012 Missouri
    Pooh-Bah Trader

    Unfortunately beer trading (and often beer in general) has been taken over by a bunch of profiteering shit lords. This is the reason I don't really trade any longer, and look at a lot of folks at releases with skepticism
     
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  13. Beer_Economicus

    Beer_Economicus Pooh-Bah (2,698) Apr 8, 2017 Ohio
    Pooh-Bah Trader

    I know I am quoting myself here, but...

    To add to what I said earlier regarding mentality...It doesn't help that breweries are interested in (obviously) selling everything they make ASAP (hype train) and supporting the locals (understandable, but has a negative impact on valuations for us on BA). If breweries just limited bottles to 1 per person, or 1pp/day, I have to wonder what the effects on market valuations would be. I'd have to imagine that for the type of marketplace BA trading is, that more people with fewer bottles is a lot more akin to increasing supply than fewer people with more bottles. Thus, I'd have to imagine that more people with fewer bottles each would end up decreasing the value overall.

    Unfortunately, this isn't common yet. It's nice to see some going this way though. It's nice to see releases stay at SP for a couple weeks, for example.
     
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  14. TravisMason

    TravisMason Initiate (0) Jun 12, 2014 Indiana

    Hello all a few things.

    Beer for beer trades with out using secondary is just not possible anymore. The best part of this is that the secondary market helps give value. It’s hard for two parties to come to equal value when they both want the best they can get.
    If I want an FO and have two SP beers for trade and can’t get if done.
    Why would I not sell my sp and then buy an fo they are worth the same on secondary.
     
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  15. Beer_Economicus

    Beer_Economicus Pooh-Bah (2,698) Apr 8, 2017 Ohio
    Pooh-Bah Trader

    Why would you want the absolute best you can get? As someone else put it on here-why must people try to squeeze every unit of King Henry out of a beer trade?

    No doubt it feels unfair for someone to trade a KBBS for a plain old Huna, but that type of extreme is the exception not the rule.

    Like so many others that have posted in this thread, I don't understand why "ballpark" isn't reasonable when people want to trade. Sometimes you "win," and sometimes you "lose" - it should all even out in the end. I don't understand why anyone needs to know exact valuation. This is not an asset. I think if you're treating it like one, then I understand less why you drink it and less why you aren't trying to just arbitrage your way to a profit.
     
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  16. Leftofthedial

    Leftofthedial Savant (1,068) Nov 17, 2011 California
    Trader

    You say that it is not possible to trade without using secondary, but from the posts above, it seems like many people would in fact rather trade good beer for good beer than care about secondary. Maybe they're not doing so in fear that people are going to just take advantage of their generosity (@evilcatfish could maybe be in this boat), but it seems the sentiment is out there.

    As to your example of "why would I not sell the SP beers to buy the FO." Maybe you wouldn't sell it because you don't believe in supporting the secondary market. Maybe you believe that there are so many great beers and people out there that it would be moronic to spend your money supporting the worst of the beer community. Maybe you want to support the brewers and the people working in distro and bottle shops, and cut down on muling, flipping, and the overall "winning" mentality.
     
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  17. TravisMason

    TravisMason Initiate (0) Jun 12, 2014 Indiana

    If the goal is to try a beer but can’t close on a trade for it then why would I settle on something else? I could just sell my beer and use that money to buy the beer I want. Secondary is just a way to evaluate gage value. Not all beer is $4$ as the time/effort to get it needs to be taken into consideration. Money has no actual value just the perception of value. A community agrees that a dollar is worth a dollar. The secondary market is the same the community agrees that beer is worth $100 and different beer is also worth $100 then those beers are equal to each other. The secondary market is only value system a way to find if what you have is worth what someone else has and can work as a trade. I don’t profit from beer and I disagree with that mentality. If the ultimate goal is to try a beer and you can’t land a trade for it but you can buy it you have to weigh your options. Why take a shitty trade when you can just sell your beer and buy the one you want.
     
  18. Vidblain

    Vidblain Pooh-Bah (1,893) Feb 17, 2017 Minnesota
    Pooh-Bah Trader

    This. Absolutely this.

    What I would add is, if you absolutely cannot lock down a trade for the thing you're looking for... try to set up a share. Beer has a really strong community, and the best of us love to share. Get on the forums, let people know what you're looking for, and share what you have. I've done this locally, and while traveling, and I've had some amazing beers. I didn't have to sell, and no one was worried about secondary.

    When traders start talking about this, they go right on to my "do not trade" list. It all takes effort, for everyone. Half of us travel extensively to try new beers. Why should the community bear the expense of your travel? Do it for yourself, don't expect others to cover your own costs.

    Little off the rails there, man - and yes, currency (at least in theory) has a precious metal backing. Otherwise, you might as well revert to barter... then again, barter not working is exactly what you're citing as the reason for secondary value. Bit of circular logic there.
     
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  19. Beer_Economicus

    Beer_Economicus Pooh-Bah (2,698) Apr 8, 2017 Ohio
    Pooh-Bah Trader

    The secondary market for beer is a market with distortion. It does not represent the actual Supply/Demand for each and every beer for a whole number of reasons. This distortion is further perpetuated by people who profit from selling beer on the secondary market, and by those that sell beer to buy beer. This artificially inflates values of sought after/limited beers above what the "beer trade" market would be because there are people trying to flip them not drink them, which is artificially increasing demand as these people are only demanding them to flip them.

    If everything was available everywhere on an actual bid/call system where supply and demand actually occurred, we would not be having this discussion because that would be THE market. That is not the real market - it's the black market.

    Consider where prostitution is legalized. Do you not think that there is a secondary market for illegal prostitution? There is. Consider how that distorts the market and why people would dislike that black market.
     
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  20. Vidblain

    Vidblain Pooh-Bah (1,893) Feb 17, 2017 Minnesota
    Pooh-Bah Trader

    We-llllllll, I think you're conflating two very different things there, but in concept, yes. I'd compare it more closely to recreational weed, but this also works. :wink:
     
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