Fishtalk
Jedi Knight
I personally can't see it selling for 10k, especially with 5 more equally case fresh examples to come. But who knows? In the world of Palitoy Star Wars, anything goes.
Trip to Vectis 1st May
- Thread starter Andyclarke
- Start date
Fishtalk said:
Not everybody knows there are five more. As per my previous comment personally I think it stinks that they are holding back multiples deliberately to maximise profit, I can only imagine how gutted the guy that bought the first Palitoy FX-7 a few months back is. There's a difference between flooding the market and being deceptive.
Sweet indeed, I am suprised though they allowed you to take so many pics and allowed near this very expensive stuff. imagine if you tripped into the box of those star wars figures lol.
i was more interested in the action man items of the last auction, i only bid £260 on the 3 captain zargons as money was tight but those boxes looked great, if they had been left sealed it would have been more awesome, I actually would have thought those sealed action man vehicles would have gone for more.
looking forward to checking the next auction out
i was more interested in the action man items of the last auction, i only bid £260 on the 3 captain zargons as money was tight but those boxes looked great, if they had been left sealed it would have been more awesome, I actually would have thought those sealed action man vehicles would have gone for more.
looking forward to checking the next auction out
Hothrebel said:
As the FX-7 auction I mentioned above proved, you can't hide big finds from people. If you pretend you only have one, sell it for a ridiculous price, and then immediately list another one, the second one will still sell for less, the only difference is you have pissed somebody off (the first buyer.) When multiples of rare items are found the price WILL drop because the supply and demand are no longer so far apart. If all they want to do is maximise profit on the first one they may as well burn the rest to make it the only one.
naughtyjedi
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i disagree...
the star wars collecting community is enormous with an insatiable appetite. Do the 1000s of 'rare' yak faces increase in price or decrease in price? Blue snags... ??
The FX7 going for 7k was one of those idiot moments where two bidders went nuts, its an unfair reflection of the market value, that was a war of ego (IMO). We've heard it here with people losing it when in an auction. Having attended many auctions, its very easy to get carried away... once that adrenaline is flowing, sometimes you can get silly. Unless you are really daft, you must all know that somebody somewhere will have that item and it will come up for sale again.
Auction houses will big up every sale they have, its part of the business to push those prices through the roof. I cant remember them bigging up the FX7.. nobody saw that coming.
Lets not forget most sellers and all auction houses are there to make money (sellers on here will often reflect the market and up their prices..). Look at how flustered Craig Stevens became when he didnt hit the 100k mark.. if he was there to reintroduce into the wild the wonders of a rare collection, why the disappointment here afterwards.
Today at Denhams, some 'rare' palitoy 12backs went for choice prices still. the market doesnt appear to be satisfied yet and the frenzied bidding will continue.
http://www.denhams.com/auction-catalogue/antique/665?searchtext=star+wars
As for the Palitoy stuff in this auction, I cannot see people holding back because there are several. Demand will outweigh supply, and the price will rise. if it was a box of 1000, you'd have a point.
all my opinion of course...
the star wars collecting community is enormous with an insatiable appetite. Do the 1000s of 'rare' yak faces increase in price or decrease in price? Blue snags... ??
The FX7 going for 7k was one of those idiot moments where two bidders went nuts, its an unfair reflection of the market value, that was a war of ego (IMO). We've heard it here with people losing it when in an auction. Having attended many auctions, its very easy to get carried away... once that adrenaline is flowing, sometimes you can get silly. Unless you are really daft, you must all know that somebody somewhere will have that item and it will come up for sale again.
Auction houses will big up every sale they have, its part of the business to push those prices through the roof. I cant remember them bigging up the FX7.. nobody saw that coming.
Lets not forget most sellers and all auction houses are there to make money (sellers on here will often reflect the market and up their prices..). Look at how flustered Craig Stevens became when he didnt hit the 100k mark.. if he was there to reintroduce into the wild the wonders of a rare collection, why the disappointment here afterwards.
Today at Denhams, some 'rare' palitoy 12backs went for choice prices still. the market doesnt appear to be satisfied yet and the frenzied bidding will continue.
http://www.denhams.com/auction-catalogue/antique/665?searchtext=star+wars
As for the Palitoy stuff in this auction, I cannot see people holding back because there are several. Demand will outweigh supply, and the price will rise. if it was a box of 1000, you'd have a point.
all my opinion of course...
But surely you agree that if all six were sold in the same auction, the average selling price would be less than the sale of just one? We're not talking about common loose figures that there are thousands of here (and besides you've probably noticed I'm not too kind on the fools paying hundreds of pounds for VCJs either!)
I know (and agree) that rarity doesn't directly dictate value, but believe it or not many people aren't in this hobby just to sap the most money out of people. I can think of lots of members here who have made great finds (eg boxes of baggies or mailers) and sold them for reasonable prices to the masses rather than drip-feeding them.
I know (and agree) that rarity doesn't directly dictate value, but believe it or not many people aren't in this hobby just to sap the most money out of people. I can think of lots of members here who have made great finds (eg boxes of baggies or mailers) and sold them for reasonable prices to the masses rather than drip-feeding them.
Andyclarke
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edd_jedi said:
Edd,
We talked about this when I was up at Vectis. It is a genuine dilemma for them. They don't want to piss collectors off and future customers but also feel an obligation to get the best price for the vendor, it's a balancing act as we all know. I'm afraid Craig's greed may well have screwed things up for everyone because of the angry way he had a go at Vectis about them releasing the info on the Palitoy find and probably some fault lies with Vectis for showing him what they had in the first place. Once bitten I'm afraid.
They are aware they get bad press on here, but I did say that a lot of it is just down to frustration that true collectors can no longer afford the prices they are getting. To be fair at least we do know what's coming with the Palitoy sale, i.e. 47 case fresh Palitoy 12 backs and 6 Death Star. For obvious reasons they wouldn't let me know what the breakdown of those 47 are other than there are no Jawas.
naughtyjedi said:
Is it just me or do those prices seem "cheap" in comparison to many other 12Back Palitoy sales in the last few years? £2200 for the Chewie..I remember the one that sold for £5600 on eBay in 2012: http://www.starwarsforum.co.uk/viewtopic.php?f=5&t=13244
(Click here for the ending price reactions: http://www.starwarsforum.co.uk/viewtopic.php?p=180916#p180916 )
naughtyjedi
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edd_jedi said:
You may think that, but I've seen items do both at auctions. This condition doesn't come around often and they'll be a lot of high end collectors wanting them. Expect crazyness. The demand will way, way outstrip supply here and force that price up, whether sold at the same time or separately,.. I honestly do not believe its going to matter with these. Whatever the first one goes for, will not IMO dictate the sale of the next one, it will be a call-to-arms for people to start putting together larger sums for the next one and the publicity will roll to the next one. I saw one at Vectis and it looked like it was printed yesterday. These things are going to make a lot of cash.
naughtyjedi
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Joe said:
they werent minty mint... ive got a list ive been keeping of graded and non graded and these fit in there for the kind of quality. sure, we've seen 12back palitoys fetch a lot, but they are coming around with a semi regularity at Vectis sales. I wonder if this auction house did the sale a slight disservice... (did they engage the community?)
jedisearcher
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All good points in here 
It's not really fair to use the FX7 or the £5.7k Chewbacca for any part of price discussions. They're clearly outliers and not representative of true value. I had my finger poised over the bid button for the FX7 (before I saw the commission bid) and nearly wet my pants trying to get off the webpage when I saw the £7k pop up. No one saw that coming.
Vectis have to do their jobs properly otherwise sellers will go elsewhere. However much we dislike it as collectors, they're in it to maximise profit for themselves and their sellers. It's just the way it is, they'll protect the market by not flooding it.
I think the Denhams ones do look abit cheap, but I don't think there was online bidding? That's going to exclude a chunk of potential buyers.
It's not really fair to use the FX7 or the £5.7k Chewbacca for any part of price discussions. They're clearly outliers and not representative of true value. I had my finger poised over the bid button for the FX7 (before I saw the commission bid) and nearly wet my pants trying to get off the webpage when I saw the £7k pop up. No one saw that coming.
Vectis have to do their jobs properly otherwise sellers will go elsewhere. However much we dislike it as collectors, they're in it to maximise profit for themselves and their sellers. It's just the way it is, they'll protect the market by not flooding it.
I think the Denhams ones do look abit cheap, but I don't think there was online bidding? That's going to exclude a chunk of potential buyers.
Mr-shifter
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naughtyjedi said:
Pete,
The four without crushed bubbles were in real nice condition, exempt the C3P0, which had a lifted bubble. The tusken in particular was an absolute beauty.
These were not beaters. The auction house did not know what they had. These came in with a large collection of Hornby trains, but they still got sniffed out by collectors. Not one of them had a commission bid of less than £300.
Andyclarke
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Bloody hell missed the lifted bubble on the 3po. I'd be well pissed off getting that for £700. Wasn't in the description.
naughtyjedi
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Mr-shifter said:
Its not hard to find these these things... it takes no particular skill to have a saved search across the bidmaster auction system.. I'm sure many on here use such systems.
I didnt say they were beaters, but they all werent "minty mint". Ungraded as well and the prices are consistent to the list i have been keeping.
3po The unpunched card is in excellent unfaded condition apart for a minor cut to the top right only visible from reverse.
chewie : The unpunched card is is excellent condition though with an inward curvature. There are some very small scuff marks on the reverse.
tusken: There is envidence of a slight creasing about 2 inches long on the reverse top left of the card
darh: The unpunched card is in excellent unfaded condition though slightly warped. There is evidence of minor creasing on the reverse.
Leia: visible on the reverse is creasing in the top left corner. The bubble had a large dent to the upper left hand side.
r2: has an overall curvature inward. There is some scuffing on the reverse around the land speeder picture. The bubble has two dents to the top.
Mr-shifter
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naughtyjedi said:
No, the point I was making was the auctioneer and auction house did not know what they were dealing with. The auctioneer admitted this to me. This auction was a sale of all sorts of things and these came in with a large collection of Hornby trains, which were the sellers principle passion. The speculation is these six had been picked up in a mixed lot of toys and the owner had stuck them in a box somewhere. When the trains came in, these came in with them. These were the only six he owned, and they decided to put them in the sale. They were originally going to feature as a single lot with an estimate of £60 on them. They then decided to do a bit more research and came up with different valuations.
This is why there was no Vectis style publicity train or slot on the BBC news. You would not have paid these prices if these items were sold at Vectis.
Regarding the conditions, I had all 6 in hand. The C3PO was the worst, but the Vader, Chewy and particularly tusken were all in very nice condition. The R2 was also nice, despite the curve. I believe this could have been rectified with an acrylic case.
Andyclarke
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maxf said:
Max, You have a link? Can't seem to find it?
For the Palitoy rep stuff fair enough, I appreciate they have to make a profit as a business and even 20% isn't a great deal of money except on the very expensive items. But didn't Vectis outright buy all of the Beech's stuff, from what I've read for a fraction of what it's worth? That's what I'm talking about - I have no problem with people making a nice profit on good finds, they deserve to, but how about sharing a bit of the love with the collectors that keep them in business too and maybe do a big no reserve sell off of all the Beech's MOCs? We've all now seen that they have loads of multiples. That's all I'm saying, there is a middle ground here, you don't have to choose the greed route every time.
