resale value of arowana

H

howardhsieh

Member
i been reading at the FS arowana section for the past 6 months and the only deal i can recall is from mike sold his aro by taking more than 50% of loss.

therefore any potential aro buyer please think twice before you make your purchase because you wont be able to sell your aro without a 50% off.
 
howardhsieh said:
i been reading at the FS arowana section for the past 6 months and the only deal i can recall is from mike sold his aro by taking more than 50% of loss.

therefore any potential aro buyer please think twice before you make your purchase because you wont be able to sell your aro without a 50% off.
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i have to agree on this one for sure !! ive been thinking of upgrading , but i really dont think its worth it ..:rolleyes:
 
howardhsieh said:
i been reading at the FS arowana section for the past 6 months and the only deal i can recall is from mike sold his aro by taking more than 50% of loss.

therefore any potential aro buyer please think twice before you make your purchase because you wont be able to sell your aro without a 50% off.
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It depends what angle you're looking at it from. If you purchase any single aro with the prospect of making money on it, chances are you're probably going to be disappointed (unless you score one hell of a deal and the seller is desperate). By the time you factor in time + food + electrical/hydro costs (+ the risk that your investment could jump out of the tank and die on the floor at your feet!) buying an arowana for the purpose of profit is a terrible business idea.

Unless you're buying in quantity or from an overseas supplier, buy the fish because you WANT it, not because it could potentially make you money down the road.
 
If you buy your aro as part of a group buy type of import, you stand a reasonable chance of being able to sell your fish for what you paid. Do a good job growing it out and you might make a few hundred bucks. If you buy your fish at a full retail price, the chances of getting what you paid are slim. In my experience, around one out of ten baby aros go on to develop into show class fish. If you are lucky enough to get one of these you can indeed make some money. There is a blood red Maju kicking around the Vancouver area that the owner refuses to sell for more than he paid; likewise, there is a Panda Red and BBXB I know of in Vancouver that also have gone way up in resale price due to the show quality of their development. Still, the odds are against anyone scoring that kind of fish, and so I agree with BCarlos - buy the fish because you want it, not as an investment. As far as investments go, I would recommend physical gold these days... ;)
 
My point is not about the pricing of retail nor whole sale. I just think ppl should have some commitments to their aro, because it has long life and it is not as easy to trade or sell them with the current market. I will save money to get the best quality I can instead try to upgrade it later on
 
In my experience unless you were stuck with a poor quality fish bought too small to tell or had troubles raising it ie not feeding, poor water ect you will always break even if not make a bit on them as they grow. The prices have come down a bit but the mid sized fish still seem to hold value. I know a few traders here in the city who somehow have new fish every other month and to them i guess thats thier hobby with the aros. I agree you should buy any pet with the goal of keeping it long term as best you can but there are cases where re sale is inevatable. My comm im setting up now will have a few fish moving out and a few moving in either by sale or trade till i end up with the number and quality in mind..... then at least that tank will stay the way it is for years and i can start a new project.
Thats my take on it anyways :)
 
And as for the classifieds on here well..... Its like another world to me.... I know for a fact even with shipping most of the fish could be flipped out here for almost the starting price..... ontario and vancouver must be flooded..... a super red in that shape and size will still get 2k here no problems.....
 
howardhsieh said:
My point is not about the pricing of retail nor whole sale. I just think ppl should have some commitments to their aro, because it has long life and it is not as easy to trade or sell them with the current market. I will save money to get the best quality I can instead try to upgrade it later on
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how do you predict your future??...there are no guarantees in life...anything and everything can happen to change your lifestyle....as much as i love being in this hobby....when time comes that i have to sell..or give away my fish...i will do so....
 
Its not as though these fish are like turtles or puppies/cats..... People prefer to buy them as adults or teens as they see the quality and how the fish will end up for the next 20 years. I understand your points but it dosent really apply to arowana for me anyways. If i was in the market for a new aro to be single in a tank a 2-4 year old fish already stable and eating well with colors a plenty would be my fist choice over a baby.
 
peacockbass said:
how do you predict your future??...there are no guarantees in life...anything and everything can happen to change your lifestyle....as much as i love being in this hobby....when time comes that i have to sell..or give away my fish...i will do so....
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I don't think howard is saying you should not own an aro if you can't give a 100% commitment for it's lifetime. It's obvious that everyone's life is different and you're right, sh*t sometimes happens and well, you do what you gotta do.

Anyways, back to resale values of aros....

I agree that it is very hard to get your original retail value of your aro unless it turned out being show quality.
 
with my experience and from my buddies, and you know who you are, that most of us are taking a 30%-50% loss when we want to sell our fishes.

how many of you would sell your aro if it is in perfect condition?

most of time ppl sell their fishes because there are some defects, or it didnt grow up to your expection. also if you decide to sell your aro because it didnt work out in your aro community tank then there must be some injuries to the aro; so do you think you can sell your aro without give a 30%-50% off the original price?

well, thats just my point of view, many of us got hot head and later loss thousands.
 
I would say for me personally I sell my fish not because of defects but rather because something else is available that I like and with limited tanks I sell! And most time it's at more then 50% of original purchase price. Not everyone can always get what I and others can get here and if I can unwillingly help out by selling that much less good for them and bad for me, but my choice.

Sometimes, if not most of the time its the change of direction rather then bad fish!

Not all of us are good businessman when it comes to our hobby!
 
I myself have sold 10-20 aro's in the last 10 years...... I have never lost a dime on them..... But i do decent pics and i advertise well and 90% of the time its guys i have dealt with in the past that take them anyways..... on the basis that my fish always turn out well.... I dont know what else to say i believe half this convo is due to location.
 
howardhsieh said:
with my experience and from my buddies, and you know who you are, that most of us are taking a 30%-50% loss when we want to sell our fishes.

how many of you would sell your aro if it is in perfect condition?

most of time ppl sell their fishes because there are some defects, or it didnt grow up to your expection. also if you decide to sell your aro because it didnt work out in your aro community tank then there must be some injuries to the aro; so do you think you can sell your aro without give a 30%-50% off the original price?

well, thats just my point of view, many of us got hot head and later loss thousands.
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Why you gota be like that Howard
 
rudy said:
Why you gota be like that Howard
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??????? i dont get it




i cant take any loss, thats why i end up with more and more aquarium.......

but i have to put my 8 tanks central system aside, because my currently aquariums already require 1hr a day for feeding and water change.
 
howardhsieh said:
??????? i dont get it




i cant take any loss, thats why i end up with more and more aquarium.......

but i have to put my 8 tanks central system aside, because my currently aquariums already require 1hr a day for feeding and water change.
Click to expand...

Sorry just though you may be referring to my buy high sell low mentality.
 
And then there is my "buy low and sell lower" approach. (Psst...anyone want an unused tank and stand for half what I paid?) :rolleyes:

But you know what? It beats losing the money on the stock market. :)

Which makes me wonder if we aren't really talking about buy and hold value investing (Howard's approach) versus day trading/impulse buying? Shit, I'd rather not think about that topic come to think of it. :(
 
Cirrus said:
And then there is my "buy low and sell lower" approach. (Psst...anyone want an unused tank and stand for half what I paid?) :rolleyes:

But you know what? It beats losing the money on the stock market. :)

Which makes me wonder if we aren't really talking about buy and hold value investing (Howard's approach) versus day trading/impulse buying? Shit, I'd rather not think about that topic come to think of it. :(
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Patience is a virtue seldom acquired by Women....Never by men
 
rudy said:
Sorry just though you may be referring to my buy high sell low mentality.
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oh i see....


i should be more specified, i mainly refer to arowana is because i observe that it is not easy to resale aro within ontario, especially for fully grown aro due to risk to transport it. also i been visit LFS regularly and i found it the aro market within GTA is liked dead pond (well the main reason is because more and more ppl joined group buy).

therefore, for myself i wont be upgrade my aro, i will get the best quality i can.....(maybe thats maybe i would jump in the boat with Theo, but i have to try to convince my GF first, because she looks after my fishes when i am not in town)
 
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