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Topic starter
21/09/2023 7:41 am
And all collectables too? I am getting better and better deals on diecast, some sellers are desperate to sell.
Ed Davis reacted
21/09/2023 9:42 am
Chav, since diecast covers a wide range of model types (cars, planes, military vehicles, etc.) and materials; do you see this as a general trend or specific to some models? I have noticed some of this, but not on high end models like cars from Motor City and brass model trains. As more of us reach senior citizen status, the supply of model collections being sold might start exceeding demand driving prices lower.
Ed Davis
Inverness, Illinois, USA
Chav reacted
21/09/2023 12:09 pm
And all collectables too? I am getting better and better deals on diecast, some sellers are desperate to sell.
The people you mention that "are desperate to sell", in my opinion are not true collectors at all. As for the diecast market being in trouble, I'd agree to the extent that with no NEW modes in 1:24 scale (for example), some people eventually lose interest in collecting. Don't know about you or others, but some of the fun was when we were being teased with and fed a constant diet of NEW models from all of the Mints. Now that is not the case. I've yet to totally understand fully why here in America we can't put a decent 1:24 scale model out at a reasonable price. The models don't need every "working part" and "key's" to go with it, just a nice somewhat "static" model that we as collectors can add to our shelves.
George Schire
Oakdale, Minnesota
21/09/2023 12:37 pm
I've yet to totally understand fully why here in America we can't put a decent 1:24 scale model out at a reasonable price. The models don't need every "working part" and "key's" to go with it, just a nice somewhat "static" model that we as collectors can add to our shelves.
In order to mass produce decent 1/24 scale models at reasonable prices one needs to utilize "cheap labor," which doesn't really exist in America. Resin static models are less expensive to produce, but there's no mass market for them, which equates to high MSRP.
The successful business model incorporates high mass-market demand, cheap labor, low tooling costs. Three conditions that rarely add-up in America when one is discussing hobby items (scale models ). We can find American examples that satisfy one or two of these conditions but RARELY all three.
1/24 & 1/25 scale PALSTIC unassembled models seems to enjoy world-wide popularity, but I'm not so certain that can be said for ASSEMBLED resin or diecast 1/24 & 1/25 models.
This post was modified 2 months ago by Christopher Moroni
Topic starter
21/09/2023 4:26 pm
@ed-davis Ed, I only watch the prices of car models, but hearing from other sources that other luxury collectibles market (watches) are showing declining prices. And this info is from market's analysts, who are looking at non-traditional data to assess consumer spending.
David Green and Ed Davis reacted
Topic starter
21/09/2023 4:31 pm
Interesting statement but I have not noticed anything that indicates "desperation." Everything I seek & sell are commanding prices that are not extreme one way or another.
Well, I see gradual decline of the prices of highly sought models in 1:18 and 1:24, primevally on auctions. However, lately I am getting more aggressive offers from eBay sellers for otherwise well priced models. You know, like, when you place an item on your watch list, and the seller sends you an offer. Also, when I send a lower price offer more often the seller accepts very quickly, that was not the case before.
Topic starter
21/09/2023 4:37 pm
And all collectables too? I am getting better and better deals on diecast, some sellers are desperate to sell.
The people you mention that "are desperate to sell", in my opinion are not true collectors at all. As for the diecast market being in trouble, I'd agree to the extent that with no NEW modes in 1:24 scale (for example), some people eventually lose interest in collecting. Don't know about you or others, but some of the fun was when we were being teased with and fed a constant diet of NEW models from all of the Mints. Now that is not the case. I've yet to totally understand fully why here in America we can't put a decent 1:24 scale model out at a reasonable price. The models don't need every "working part" and "key's" to go with it, just a nice somewhat "static" model that we as collectors can add to our shelves.
I totally agree, these are sellers-liquidators of collections or collectors who lost interest, but they also could be true collectors who need the money to pay bills. It is getting harder to sell ...
100Ford2003 reacted
21/09/2023 5:05 pm
I am not surprised by your comments. I believe many or most of the collectors (like myself) are from the baby boomer generation. As time marches forward, there may be less interest in buying and more in selling our stuff.
Ed Davis
Inverness, Illinois, USA
21/09/2023 5:13 pm
Interesting statement but I have not noticed anything that indicates "desperation." Everything I seek & sell are commanding prices that are not extreme one way or another.
Well, I see gradual decline of the prices of highly sought models in 1:18 and 1:24, primevally on auctions. However, lately I am getting more aggressive offers from eBay sellers for otherwise well priced models. You know, like, when you place an item on your watch list, and the seller sends you an offer. Also, when I send a lower price offer more often the seller accepts very quickly, that was not the case before.
Right...but all that just may be a function eBay's "PROMOTE IT" feature. Either way, enjoy it while you can! You never know, right? In 6 months, you may be hailed as a true prognosticator or just a plain charlatan. LoL! 😀
100Ford2003 and Chav reacted
Topic starter
21/09/2023 5:16 pm
Interesting statement but I have not noticed anything that indicates "desperation." Everything I seek & sell are commanding prices that are not extreme one way or another.
Well, I see gradual decline of the prices of highly sought models in 1:18 and 1:24, primevally on auctions. However, lately I am getting more aggressive offers from eBay sellers for otherwise well priced models. You know, like, when you place an item on your watch list, and the seller sends you an offer. Also, when I send a lower price offer more often the seller accepts very quickly, that was not the case before.
Right...but all that just may be a function eBay's "PROMOTE IT" feature. Either way, enjoy it while you can! You never know, right? In 6 months, you may be hailed as a true prognosticator or just a plain charlatan. LoL! 😀
Oh yes, I bought 2 CMC's 1:18 yesterday.
100Ford2003 and Christopher Moroni reacted
21/09/2023 5:18 pm
I am not surprised by your comments. I believe many or most of the collectors (like myself) are from the baby boomer generation. As time marches forward, there may be less interest in buying and more in selling our stuff.
Well, I can't argue with that. In fact, that scenario has been playing out for years now, especially with model RR "stuff." Kids or relatives really have little interest, etc., etc. ...then what?
Like I said years ago, if we were ALL SMART... "We would sell off everything today, while prices/demand are high!"
21/09/2023 5:49 pm
I've yet to totally understand fully why here in America we can't put a decent 1:24 scale model out at a reasonable price. The models don't need every "working part" and "key's" to go with it, just a nice somewhat "static" model that we as collectors can add to our shelves.
In order to mass produce decent 1/24 scale models at reasonable prices one needs to utilize "cheap labor," which doesn't really exist in America. Resin static models are less expensive to produce, but there's no mass market for them, which equates to high MSRP.
The successful business model incorporates high mass-market demand, cheap labor, low tooling costs. Three conditions that rarely add-up in America when one is discussing hobby items (scale models ). We can find American examples that satisfy one or two of these conditions but RARELY all three.
1/24 & 1/25 scale PALSTIC unassembled models seems to enjoy world-wide popularity, but I'm not so certain that can be said for ASSEMBLED resin or diecast 1/24 & 1/25 models.
I'd be delighted if we could have models in 1:25 scale that were available in the 1950's and 60's that were known as "promotional models". They were plastic with no opening doors, hood or trunks. Usually they had interiors and sometimes a "friction" motor. Back in that era they sold for anywhere between a $1 and $3, which in todays dollars would probably equate to around $25 (or so). If they produced them, I'd be all over them. I'd like to think that they wouldn't have high costs involved to produce them.
George Schire
Oakdale, Minnesota
21/09/2023 11:24 pm
There is one area not directly mentioned: the economy. A good chunk of what were discretionary funds may have shifted to pay for necessities. Food, medical, utilities, transportation, and all housing related expenses have been subject to high unyielding inflation. The money has to come from somewhere.
This post was modified 2 months ago 3 times by Allan Ording
Chav and Christopher Moroni reacted
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