The Star Wars market and leaving the EU

[Mr-shifter]

Talk about drama and panic infiltrating every aspect of our lives.

Yeah, that's right. Either that or perhaps someone wanted to discuss one of the most important decisions in decades and how it could possibly relate to their day to day lives, on a discussion forum.

 

[Dannywhiteley]

Yes a star wars discussion forum for taking about old star wars toys, so surely not the best place to discuss the 'most important decision in decades'. Please leave the self righteous doom mongering to Facebook and Twitter.

Nothing will change in vintage SW collecting that couldn't have happened if we'd remained in the EU.

 

[chipsteak]

What panic, drama, doom? The conversation is rather relaxed.

 

[Mr-shifter]

Yes a star wars discussion forum for taking about old star wars toys, so surely not the best place to discuss the 'most important decision in decades'. Please leave the self righteous doom mongering to Facebook and Twitter.

Nothing will change in vintage SW collecting that couldn't have happened if we'd remained in the EU.

Did you read the original post?

"Now we have the other thread for discussing the issue so I don't want to fill this one with opinion about the decision."

The thread is about how this might effect the star wars market. There is no doom mongering, just opinion, and how it relates to "old star wars toys". Do we not have threads about how the market is increasing all the time? Is it wrong to discuss how this may affect this aspect of our life.

There is nothing self righteous about it. I get the impression you are upset that maybe your Facebook feed is full of unhappy people and you have wrongly thought this thread was one of those people. It is not, nor was it key intention to start one. There is another thread for that. I believe that this will have an impact on our lives, and potentially our hobby. I wanted to discuss this with fellow open minded collectors.

Not to be told "shut up and stop moaning" by someone who's Facebook thread has upset him today.

So please can we keep the conversation on topic.

 

[Dannywhiteley]

Was talking more about the OP...

My first thoughts are seeing the pound nosedive, items brought from overseas will be very expensive. Couple this with the fact that we will get less for items sold globally means that the uk Star Wars market will sink imo.

Although other comments jn the thread have been similarly sensationalist.

 

[olisuds]

In my opinion, if the pound losses further value and stays devalued for sometime it will have a significant impact on collecting for us in the UK. Particularly areas of collecting such as pre production for example where there appears to be a majority of the collectors in the US. It will mean it's a lot tougher to buy stuff overseas but a lot easier to sell stuff overseas. And if supply dries up it will further escalate prices. I suspect it will also mean a change in collecting habits with more collectors choosing to collect stuff easier to find in the UK such as Palitoy. Ultimately for people in the UK it's going to mean prices on everything will increase regardless of where you are buying from.

I really think it's going to be noticeable for a lot of collectors, especially those making more infrequent high end purchases. A few years back it was £1=$1.6 so a $5000 item cost you £3125 plus fees and commission. Recently the pound was down to $1.45 so that item would cost £3448. If the pound is down to $1.3 it's going to cost £3846. That kind of price increase would really hurt and effect our ability or desire to make purchases.

 

[Dannywhiteley]

Not being funny but if you can spend £3100 on vintage star wars, you can spend £3800 without going bust.

 

[Dannywhiteley]

The hyper inflation inside the hobby is far more damaging than the pound:dollar argument. $5000 a few years ago wouldve got you a nice set of 12 backs. That same $5000 these days would do well to get you a couple of decent 85's.

 

[Mr-shifter]

Was talking more about the OP...

My first thoughts are seeing the pound nosedive, items brought from overseas will be very expensive. Couple this with the fact that we will get less for items sold globally means that the uk Star Wars market will sink imo.

Although other comments jn the thread have been similarly sensationalist.

The pound has fallen in value today.

This is fact.

The future is uncertain, so what will happen to the pound next is anyones guess.

But the pound has fallen in value today. Its not sensationalist. It is a fact.

Surely you can see how this will effect a global market?

 

[indianawars]

The £ plummeted. The FTSE 100 lost significant ground. But then the £ rallied past February levels, and the FTSE closed on a weekly high: 2.4% up on last Friday, its best performance in 4 months. So I think it's safe to say, our hobby and the market are both safe...

 

[Dorsetmark]

Anyhow heard the yanks are buying up London houses now as exchange rate so good and bringing their inferior Kenner products with them

 

[spoons]

I think that a recession is very likely and as others have said that means luxuries go. We'll see a drop in SW values as people sell up and the market becomes flooded.

The rarer high end items will hold their value but the more common stuff will drop.

In our industry redundancies have already started as house building has stalled until after the vote. I don't see it starting up again soon and do expect the worst.

As to the value of the pound it doesn't seem that long ago that the pound was worth 2$ and a lot of us benefitted from that. Time for Todd and co to benefit from us

 

[olisuds]

Not being funny but if you can spend £3100 on vintage star wars, you can spend £3800 without going bust.

Man talk about sweeping judgmental statements!

Its not about going bust. Just because you can spend £3,100 on star wars doesn't mean you have money to throw away. I buy reasonably expensive high end items, but I don't make purchases frequently like a lot of collectors. Adding an extra 25% or more on to an item when you are already stretched on a purchase can make a big difference. This year i've already had to turn down a couple of major purchases because that extra 25% on the exchange rate just tipped the scales too high.

OK I know there is a bigger agenda than the price on star wars toys when it comes to leaving the EU, but that doesn't mean the effects won't be felt in the star wars collecting markets and those effects are definitely worth discussing on a star wars forum.

 

[olisuds]

The hyper inflation inside the hobby is far more damaging than the pound:dollar argument. $5000 a few years ago wouldve got you a nice set of 12 backs. That same $5000 these days would do well to get you a couple of decent 85's.

Big difference between inflated prices and currency losing value. Inflated prices are felt by everyone and at least your collection increases in value too. When currency loses value you are taking an instant loss on your money that you'll never get back. Unless of course the currency drops further.

 

[palitoyjunky]

Not being funny but if you can spend £3100 on vintage star wars, you can spend £3800 without going bust.

Man talk about sweeping judgmental statements!

Its not about going bust. Just because you can spend £3,100 on star wars doesn't mean you have money to throw away. I buy reasonably expensive high end items, but I don't make purchases frequently like a lot of collectors. Adding an extra 25% or more on to an item when you are already stretched on a purchase can make a big difference. This year i've already had to turn down a couple of major purchases because that extra 25% on the exchange rate just tipped the scales too high.

25% on top of a stretched price, sounds like bloody Vectis to me :lol: :lol:

 

[itfciain]

I think this thread was started as one questioning what effect leaving the EU would have on the market - so making generalised statement seems a bit silly

Case in point regarding prices increasing - one of the lads asked me to look at buying him a carded figure on eBay - yesterday it was marked at $299 which equated to 202GBP according to eBay - today the same card is still $299 but that now equates to 220GBP - that is a heck of a jump

 

[olisuds]

Exactly Iain, and the pound is already 20% lower than 2 years ago. That extra 10% just rubs salt in the wound as is pretty hard to swallow. If it drops further I'd seriously hold back on any major purchases from overseas.

I think it's a lot more noticeable if you're buying high value items less frequently.

 

[M4K3R1]

It sucks when the exchange rate can influence a purchase or not,
welcome to an aussie collectors life.
For the UK guys an added 10% is manageable, but when it reaches an added 30% to 40% like it does for us,
then that makes you really think twice about a purchase.

 

[yoda]

I think my dream of ever buying a jawa and carded han have now all but gone by reading these views
Hopefully not though they cold all dtop in price someday i convince myself.

 

[olisuds]

Well to be fair that 30-40% drop on the Aussie $ is just a small part of the recovery from the other currencies collapsing during the GFC in 2008. Prior to that it was common to see $2.5 or more to the £. Even with the moderate recovery we are nowhere near that value. As some one that has lived and worked between Australia and the UK for the last 14 years I can tell you the Aussie $ is still painfully over valued and still due for some major correction. Although right now goodness knows how long it will be before we see any sign of that.