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Vintage Star Wars Collecting
Vintage Collecting Chat
Do you think we are currently in a bubble?
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<blockquote data-quote="Wreck-It Ralph" data-source="post: 542662" data-attributes="member: 8648"><p>I think there is a chance there could be a price correction in the future as most working people and even some of those that have been furloughed are in a position where they have more disposable income, I would imagine if things normalise and people are able to go on holiday or go to restaraunts that will take some of the heat out of the market as people will be spending their money on hospitality and travel and will therefore have less to spend on toys. </p><p></p><p>If the Furlough scheme ends in September as is planned then we may see a rise in unemployment, this could start in July as employers will have to pay 10% of Furlough rising to 20% in August and September. We are already seeing a permanent negative effect on retail combined with offices working from home which will take its effect on hospitality especially within the city centres.</p><p></p><p>So if all of the above happens then yes prices could drop. It's important to remember that not everything has increased there have been some significant drops in some collectible cars and certain types of older art. </p><p></p><p>I think the loose figure market is tough as the majority of items are sold publicly which means benchmarks are constantly being set resulting in rising prices. No one has a clue in the MOC market as the majority of sales are private which means prices could actually be going down and no one would know!</p></blockquote><p></p>
[QUOTE="Wreck-It Ralph, post: 542662, member: 8648"] I think there is a chance there could be a price correction in the future as most working people and even some of those that have been furloughed are in a position where they have more disposable income, I would imagine if things normalise and people are able to go on holiday or go to restaraunts that will take some of the heat out of the market as people will be spending their money on hospitality and travel and will therefore have less to spend on toys. If the Furlough scheme ends in September as is planned then we may see a rise in unemployment, this could start in July as employers will have to pay 10% of Furlough rising to 20% in August and September. We are already seeing a permanent negative effect on retail combined with offices working from home which will take its effect on hospitality especially within the city centres. So if all of the above happens then yes prices could drop. It’s important to remember that not everything has increased there have been some significant drops in some collectible cars and certain types of older art. I think the loose figure market is tough as the majority of items are sold publicly which means benchmarks are constantly being set resulting in rising prices. No one has a clue in the MOC market as the majority of sales are private which means prices could actually be going down and no one would know! [/QUOTE]
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Do you think we are currently in a bubble?
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