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Message: <blockquote data-quote="mmadsen" data-source="post: 3451944" data-attributes="member: 1645">It exists in the real world anywhere you don't have a perfectly efficient market.  It takes time and energy for buyers and sellers to find one another, something we forget in our modern industrialized, mass-media society, where corporations spend millions making sure the right products get to the right customes at the right time, and we just walk into the store and buy whatever we want.There is only a miniscule chance that anyone who wants the loot, which is often hyper-specific, and has the money to buy it is right there when the adventurers limp back to town.  The person buying the loot is a middle-man, and the middle-man can't tie up 100 percent of the resale value in an item unless he thinks he can turn it around instantaneously with no effort.If he can't turn it around instantaneously with no effort, he needs to buy it at a substantial discount to justify the amount of time his money will be tied up and the amount of effort he must make to find a buyer.</blockquote>