SublevelStudios wrote:I'm seeing average/beater lots going for monumental amounts recently. Stuff that 2 years ago you couldn't give away are now being fouhgt over tooth and nail.
One lot I saw on eaby last night ended up selling for an eye watering amount - 6 months ago it would have been £300 max, it sold for nearly £700.
I think we're likely to see this more and more but like the property market a few years ago, this kind of madness is unsustainable.
Comic books have continued to go up and up over the years, a high grade Action Comics 1 (origin of Superman) is over a million and still rising so why can't Star Wars collectibles do the same. A 30 Back Fett or Palitoy VCJ (plus many other figures) are much rarer than a Action Comics 1 so what is stopping them from continue to rise especialy with more potential collectors coming from both the established and emerging economies. The high publicised sales (loose Vlix £9500, 30 Back Fett £18000) will attract new collector/investor types as it has done with Art, Cars, Comics.
An important point to remember is that collecting is usually done with disposable income so it is somewhat different to the property market, chances are the people that will be buying Star Wars items and potentialy pushing the prices up will probably not be worrying too much if the price of thier house drops by 20%. If new collectors are emerging on a regular basis and thereby increasing demand and supply is capped then it would be suprising if the current prices seen will suddenly drop.
If you want an example of unsustainable madness look at the property or rental prices in W1 or SW7 those post codes (plus many others) continued to rise by an average of 15% through the recession.