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28/01/2005 9:47 pm
Help?? What is the best way to set a value on a model?
I have an extremely low number (<#10) of a 500 limited edition FM car. I am considering selling it but not sure what value to possibly set a reserve. I realize the value of an item is what someone is willing to pay for it but am not sure the best way to research what might be the best "secondary market value", I don't want to give it away! I have followed this site for a few years now and know that the members are the best of the best when it comes to diecast knowledge and hope that your collective expertise can help.
29/01/2005 12:34 am
You have to make a decision.....
as to what you consider "giving it away" means and set your reserve or opening bid to that amount.
The value of any collectible on the secondary market is whatever the final bid on that item is.... period. If you look at the archives, you'll see major swings in market values of similar products over time. The only standards are those you choose to set.
As to the mysteries of numerology on diecasts that are randomly numbered irregardless of the order of their manufacture or assembly, which I consider a rather disingenuous practice, what the number "10" means to any and all potential bidders will be revealed at the bidding process.
Personally, I'm unimpressed by numbers. I'm not assured a better product which is what a numbered series is supposed to insure. That said, there are strong self-serving pressures by secondary market sellers to assign a premium to lower numbers or "magic numbers" ( ie. a '49 Merc with the number #49), and many buy into it and expect a like return on their "investment" should they choose to sell. This, again, puts the ball in your court. If there is a price you feel you must get for this diecast, then that should be your reserve.
29/01/2005 2:11 am
Also, check and see if there is a "buy" history.......see what the selling trends have been.