In a recent post asking about buying silver jewelry in the Kuta area, one poster wrote:
Dont have any recommendations in Kuta, but I bought the most beautiful choker and matching earrings last I was there in Culak ..... They wanted $570 for the set when I first started bidding, ended up getting them for $52 .... LOL
Since most bargaining involves a seller who knows what something is worth and a buyer who is less informed, the best price I'm willing to pay is a combination of factors: how much I like something, how much I can afford and how much the initial price. My rule of thumb is if I can buy something for half of what the first price is, then OK.
But when the price, as in this case, has no relation to what the seller is willing to accept, where does that leave you?
Is this almost 1100% premium over what the eventual price was common, or are we dealing with total insanity?