Buddhism or Entrepreneurialism?

Kultchara recently had another garage sale of apparently ”Rinpoche’s pre-loved” items which can be seen on their Facebook post.

First of all, what is a supposedly modest, simple and renounced ”monk” doing with such an elaborate collection of possessions disguised as statues and other ‘Dharma’ items?
Like having 100 Lama Tsongkhapa statues is going to get you more enlightened or having a million Shudgen statues is going to protect you from the negative karma you create by inflicting so much pain on others!

Now this picture…

Marked down by over 90%!!!

Wow!
What a generous Rinpoche throwing this sale for all practitioners to have easy access to holy images… Right?
That is the story line Kultchara tries to sell but we’re not buying.

For a merchandise to be marked down and still make some form of profit or at least not to create a deficit, the selling price would still have to be more than the price the merchant (Kultchara) sourced it from.

Really the ad should read something like this:

“Items originally marked up by a ridiculous percentage, Now being marked down by 90% and we’ll still cash in your hard earned dollars in the name of Buddhism. Thank you for your patronage and please come again.”

This topic was touched on in our earlier post “High-end price of Enlightenment” also.

Here are some more examples:

 

1. Small Vajrayogini Statue
Kultchara sells for $140 US, Taobao in China sells for $30 US –
(366% markup of the retail price of the Chinese vendor).

2. Setrap Statue
Kultchara sells for $1500 US, Taobao in China sells for $210 US –
(614% markup of the retail price of the Chinese vendor).

3. Sarasvati Image Card
Kultchara sells for $29.33 US, Taobao in China sells for $0.40 US –
(723% markup of the retail price of the Chinese vendor).

 

4. Damaru
Kultchara sells for $83.33 US, Taobao in China sells for $12 US –
(594% markup of the retail price of the Chinese vendor).

*Note that all Taobao prices are simply of online retailers in China and are by no means the factory prices that Kultchara would be sourcing these items for.

Also – In case Kultchara needs help with understanding what a markup means, here is a good link by Investopedia.

Final thoughts…

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