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What is the Market Price and Who Decides it?

Discuss vintage Kenner and Palitoy Star Wars toys from the 1977-1985 era.
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What is the Market Price and Who Decides it?

Postby Wreck-It Ralph » Tue Feb 13, 2018 7:16 am

How do you determine Market Price on Rare MOC with no past sales information and who decides what the Market Price is?
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Re: What is the Market Price and Who Decides it?

Postby Taffius » Tue Feb 13, 2018 8:33 am

Wreck-It Ralph wrote:How do you determine Market Price on Rare MOC with no past sales information and who decides what the Market Price is?


Only way I have seen is to auction it with the appropriate level of PR and be the trend setter / benchmark.

Any less rare mocs for comparison/ballpark?

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Re: What is the Market Price and Who Decides it?

Postby lejackal » Tue Feb 13, 2018 9:30 am

Genuinely rare items tend to be traded privately, sent to auction or put out for general sale with a Hail Mary price and then gradual reductions and or take offers.

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Re: What is the Market Price and Who Decides it?

Postby lejackal » Tue Feb 13, 2018 9:32 am

And obviously when traded privately there can be multiple factors, does one party only want to sell to another as it’s the right place for the piece to go, do they need to fund something else, is a swap also involved- unfortunately for something truly rare their probably isn’t something as simple as a “Market Value”

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Re: What is the Market Price and Who Decides it?

Postby wrighty » Tue Feb 13, 2018 9:40 am

A really annoying term I am seeing more of is "fair price", WTF is that? Is that market value, is that eBay sale price, FB sale price or just a low ball price?

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Re: What is the Market Price and Who Decides it?

Postby lejackal » Tue Feb 13, 2018 9:46 am

wrighty wrote:A really annoying term I am seeing more of is "fair price", WTF is that? Is that market value, is that eBay sale price, FB sale price or just a low ball price?

Market value less 20% if you're buying and market plus 20 if you're selling :lol: :lol:

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Re: What is the Market Price and Who Decides it?

Postby Snaketibe » Tue Feb 13, 2018 2:26 pm

Something is only ever worth what someone else is prepared to pay.

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Re: What is the Market Price and Who Decides it?

Postby palitoyjunky » Tue Feb 13, 2018 7:59 pm

That is a fact, what someone else is willing to pay :!:
And what someone else is willing to pay is driven by how badly/desperately that someone wants the piece :!: What that piece means to the person who wants it :!: How long has that person been searching for that piece :!: So it is all that vs how dearly and high regard the owner holds the piece :!: This is how it is with v rare desirable pieces, market value doesn’t come into it-there pretty much is no market value :!: :!:
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Re: What is the Market Price and Who Decides it?

Postby Palitoyman » Wed Feb 14, 2018 6:25 am

I have to fully agree with Palitoyjunky, market value doesn't come into it, it is all about what the buyer is willing to pay and the factors and circumstances surrounding it, i.e how long has the collector been looking for a piece, is it a piece that completes a run and the likelihood of the piece coming up again within the next few months.

At the moment there seems to be a lot of collectors wanting the same figures and more who are focussing on Palitoy 30 backs which are so tough to find at the moment, for example, when was the last time you saw a good quality Lobot or Lando, two of the easiest 30's, collectors who have 30 backs know that they are like gold dust so are keeping hold of them until a ridiculous offer is made, so historically, a Lobot would be a reasonable price but now would fetch a lot more in good condition, so ultimately the seller decides the market price with these type of figures as they know if they don't get the right price someone else will make a better offer, basic demand and supply economics.

I think the collectors wanting these figures need to be very patient as it could be years until the next batch come up, having good contacts in this game is essential in order to progress with any collection.

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Re: What is the Market Price and Who Decides it?

Postby jared007 » Wed Feb 14, 2018 7:48 am

All good advice here. For items that have very little sales history (or few recent sales) you really just have to start the price high and lower until someone wants it. If doing an auction, this is a great time to set a reserve price that you are comfortable selling it at - any higher then that's a bonus. I guess the problem here is finding the kind of person that really wants it in the timeframe you advertise. You may sell low only to findout another collector would have paid even more but they just didn't hear about it in time. For high end items, your market shrinks dramatically.

Is this a hyperthetical or is this advice for you? If you give some specifics some people here might be able to help out.
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Re: What is the Market Price and Who Decides it?

Postby subzero » Wed Feb 14, 2018 9:56 am

A good example from me is an item I bought last year, it's not Star Wars related but gives an idea, I was looking for some Teenage Mutant Hero Turtles medals from 1990, they produced a set of 15 medals which could be displayed in a collectors folder. These medals are very common and easy to find, however still sealed in the clear packets is a whole different story, they're so rare and hard to find it's ridiculous, iv'e only ever seen one single ebay listing for sealed medals in the last 3 or 4 years.

There's was no previous sales history whatsoever for any sealed ones so the seller had nothing to go on, he listed a full complete sealed set of 15 for £40 and I nearly snapped his arm off ( over the internet :lol: ). The point is this seller had no idea just how desperate I really was to get hold of some of these mint & sealed, I was genuinely prepared to pay up to £30+ just for a single sealed medal if I seen it listed for sale.

These medals were a huge part of my childhood and they really meant a lot to me, the seller could have made a lot more money out of me if he wanted.
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Re: What is the Market Price and Who Decides it?

Postby Mini99 » Wed Feb 14, 2018 1:47 pm

subzero wrote:A good example from me is an item I bought last year, it's not Star Wars related but gives an idea, I was looking for some Teenage Mutant Hero Turtles medals from 1990, they produced a set of 15 medals which could be displayed in a collectors folder. These medals are very common and easy to find, however still sealed in the clear packets is a whole different story, they're so rare and hard to find it's ridiculous, iv'e only ever seen one single ebay listing for sealed medals in the last 3 or 4 years.

There's was no previous sales history whatsoever for any sealed ones so the seller had nothing to go on, he listed a full complete sealed set of 15 for £40 and I nearly snapped his arm off ( over the internet :lol: ). The point is this seller had no idea just how desperate I really was to get hold of some of these mint & sealed, I was genuinely prepared to pay up to £30+ just for a single sealed medal if I seen it listed for sale.

These medals were a huge part of my childhood and they really meant a lot to me, the seller could have made a lot more money out of me if he wanted.

Again we are talking supply and demand.
You say that he could have made more money out of you, as you wanted the items; but he would have made nothing out of me because I didn’t want them.
That’s what does or does not drive a market.

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Re: What is the Market Price and Who Decides it?

Postby Mr-shifter » Wed Feb 14, 2018 4:18 pm

It is not just what someone is willing to pay, it is also what a person is willing to sell for.

A buyer and seller must overlap if the transaction is to take place. If you are desperate to buy, the price goes up. If you are desperate to sell, the price goes down.
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Re: What is the Market Price and Who Decides it?

Postby Mini99 » Wed Feb 14, 2018 6:23 pm

Mr-shifter wrote:It is not just what someone is willing to pay, it is also what a person is willing to sell for.

A buyer and seller must overlap if the transaction is to take place. If you are desperate to buy, the price goes up. If you are desperate to sell, the price goes down.

Very true.

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Re: What is the Market Price and Who Decides it?

Postby Sparky P » Wed Feb 14, 2018 7:28 pm

Mr-shifter wrote:It is not just what someone is willing to pay, it is also what a person is willing to sell for.

A buyer and seller must overlap if the transaction is to take place. If you are desperate to buy, the price goes up. If you are desperate to sell, the price goes down.


Nailed it!


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