Wednesday, July 27, 2005
Picasso at Costco
Thanks to my friend and the Seattle P-I on this one...
Check out this WSJ story on Costco
Apparently, this guy has listed a Picasso piece at Costco (among plenty of other one of a kind art) and sells it at 14% markup what would normally be something on the order of 100% markup. I had no idea that Costco was trying to branch out, but I should have known. They always seemed to be stretching their sales, from diamonds to enormous plasma TVs to fairly decent furniture. It does seem odd that you could return a $130,000 painting at "any of our more than 400 Costco warehouses worldwide."
D
Check out this WSJ story on Costco
Apparently, this guy has listed a Picasso piece at Costco (among plenty of other one of a kind art) and sells it at 14% markup what would normally be something on the order of 100% markup. I had no idea that Costco was trying to branch out, but I should have known. They always seemed to be stretching their sales, from diamonds to enormous plasma TVs to fairly decent furniture. It does seem odd that you could return a $130,000 painting at "any of our more than 400 Costco warehouses worldwide."
D
posted by Iron Yuppie
7/27/2005 11:45:00 PM
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