No - because from that 38k, items from The List are selected at half market value.
Or if you prefer, you have 76k to spend on The List (at full market value), but any left over is halved. (Exactly the same result.)
Here are my calculations, not taking into account anything anyone is selling from their personal equipment (Arundel, for example, is negative here... but he's selling something to make up the difference.)
Code:
Alethia
2000 Black Gloves of Dex +2
2000 Ram's Head belt Buckle of Str +2
4000 Ring or Protection +2
6000 Boots of Speed
33,000 gp
Murdoch
16250 Argent Ring of Force Shield (+4 shield bonus)
21,750gp
Fin
16250 Argent Ring of Force Shield (+4 shield bonus)
8000 Ram's Head belt Buckle of Str +4
6000 Boots of Speed
7,750gp
Kaarlo
16250 Argent Ring of Force Shield (+4 shield bonus)
2000 Ram's Head belt Buckle of Str +2
19,750gp
Dyria
9000 Ring of Protection +3
2000 Black Gloves of Dex +2
27,000gp
Shando
4000 Ring or Protection +2
2000 Black Gloves of Dex +2
8000 Headband of Wis +4
2500 Ki Straps
21,500gp
Timrin
8000 Two-Thunderbolt Gauntlets of Str +4
6000 Boots of Speed
24,000gp
Crimson
6000 Boots of Speed
32,000gp
Arundel
13325 Mithral Plate +4
8000 Two-Thunderbolt Gauntlets of Str +4
-2,325gp
Ariel
19,000gp