Wreck-It Ralph wrote:This is a very uplifting thread especially to a new collector who has just spent a lot of money on 12, 20 and 30 backs in the last two months, I do hope they don't become worthless overnight
spoons wrote:Wreck-It Ralph wrote:This is a very uplifting thread especially to a new collector who has just spent a lot of money on 12, 20 and 30 backs in the last two months, I do hope they don't become worthless overnight
Reckon you'll be alright with those - very iconic!
If i was an investor I think I'd be selling up in the next couple of years, prices will almost certainly rise beyond two years but after that it starts getting risky.
Saying that, I knew a man who sold his house in Oxford in 2003 as he thought the housing bubble would burst the next year. I think his house went up by 33% in that time - non-one can predict anything
Lom wrote:Absolute insanity and too much money I think - I was watching this very nice but common carded AT-AT Driver on eBay...
Forty something bids later it's gone for over £420... For a 65 back Jedi carded figure!!?? And bidding history shows that 5 different people thought it was worth more than $300; 3 different people thought it was worth more than $400.
As Grant said recently on another thread - if we were sensible, we'd sell our mocs now.
I've seen prices on some speciallty items drop as much as 50% in the last years. When prices reach 4 digits, there is a lot less collectors. We've also seen a drop in prices on items like Palitoy Luke Bespin 30 back and Chewie 12 back. Much because of the Toystore find. But this was not a lot of items, when we think about the numbers of loose that comes to marked every week. We're talking about 8-24 new items hitting the marked, which means a Luke Bespin went from £3-4k to £700.
plantainman wrote:Problems will arise soon though. I see them cropping up already.
Joe bloggs who buys X Variants for £125 on FB falls out of love with it a month later and lists it for 'buy it now' £150. A few days later with no inquiries, Joe bloggs adds "OBO, Just want near what I paid last month of £125".
no-one has the heart to tell Joe bloggs he paid £125 for a £30-40 variant and will never see that dead money again.
There's going to be a lot of dead money in this hobby over the coming years as newer, less informed collectors try to recoup 'what they paid' for their items from knowledgeable collectors, who simply will never pay those prices.
The argument "that's what I paid for it so it must be worth that on resale" will sadly bite many a noob, which will also have a knock-on effect for experienced collectors, because if people can't afford or don't want to sell, then a vortex within the community will appear.
Anyone still remembering the last housing market crash?