Trip to Vectis 1st May

[maxf]

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.

Don't feel too sorry for them - they get 20% from the seller too don't forget so make more like 40% on each lot, without having to buy the stock.

 

[Andyclarke]

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.

Edd, they've not bought any of Beech's stuff, it's all being sold on behalf of the son. They did talk about selling more dealer friendly lots going forward and I think the first batch was like this. I think I would like them to do a huge sale where they maybe sell 500-600 lots made up of multiples. That might give more people a chance, or certainly bankrupt the greedy ones! The way the stuff has been piled in the warehouse though probably means there will be a mixed bag of all sorts of toys including some Star Wars in each sale.

 

[edd_jedi]

Edd, they've not bought any of Beech's stuff, it's all being sold on behalf of the son.

Not according to this post?

http://www.starwarsforum.co.uk/viewtopic.php?f=1&t=24594&p=334356#p334356

I'm sure I've read at least one other source saying it was sold on behalf of the owner's solicitor, mostly to Vectis and one other buyer.

 

[Andyclarke]

I spoke to John about this who is managing Beech's sale and he said they no longer buy collections out right but only sell on behalf of third parties. That's not to say he got it wrong, but he seemed fairly adamant about this plus he did talk about the son who is fairly elderly himself now who is the one they are dealing with and remain in contact to inform of results after each sale. This would not be the case if they had purchased as a one off. I'm inclined to believe John on this one though. Also how could you begin to put a price on all that stuff. Much easier to sell auction by auction to get a true value. I know I would.

At the end of the day it would be nice for them to reward the real collectors and sell a certain way. I do think they are open to ideas if we can think of anything, though they are tied by the way the toys are stacked. Remember more often than not forum members do win the odd piece or are the underbidders, so we really are very important to them either way.

I think my idea might improve the situation in my previous post might help.

 

[naughtyjedi]

Just out of interest, why should Vectis need to reward the collectors?

I bid on bulk lots to keep bits and move the rest on at a profit.. As I'm sure many others do.

My point is that it's not always collectors who buy stuff.

 

[Andyclarke]

Just out of interest, why should Vectis need to reward the collectors?

I bid on bulk lots to keep bits and move the rest on at a profit.. As I'm sure many others do.

My point is that it's not always collectors who buy stuff.

I think dealers have even less of a chance because there certainly isn't any profit to be made on the cheaper figures judging by the last sale.

 

[indianawars]

I can honestly see both sides of the coin here. Vectis isn't forcing people to bid like crazy as they have been. I also do agree that if it was my collection being sold, then I would want the most out of it. Ed dose makes a strong point when he says that they should at least do a numbers list so we have half an idea how many there are on each item. I mean I will be quite gutted after spending £170 on a MISB Jabba, and next month they list another 5 for sale!

Good luck to any dealers thinking there is still some meat on the bone with the currant hammer prices.

 

[edd_jedi]

Has anybody found out who got the cases of X-Wings, Snowspeeders etc yet? I'll be amazed if it wasn't dealers.

 

[edd_jedi]

Just out of interest, why should Vectis need to reward the collectors?

As has been said several times in the Palitoy collecting thread, this hobby isn't only about money. Money alone isn't enough to acquire a great collection or make great contacts. If they want to be the go-to Star Wars auction house for both buyers and sellers, they need collectors on their side.

If you want proof of that theory, just look at Toy Toni. He still has one of the largest hoardes of mint carded figures of any dealer, yet 95% of collectors will not touch him with a barge pole due to his greed.

 

[Fishtalk]

Vectis selling ethics aside, it's incredible how much Palitoy stuff has emerged of late, all New to the market. We've got the Beeches shop stuff, the Palitoy reps hoard, the figures from the Sheffield auction now on eBay and the Denhams 12 backs (which I was totally unaware of - shows how much I love Palitoy).

The Denhams figures all sold for pretty reasonable prices (Artoo maybe too much, and I'd be well pissed with that Threepio for nearly £600). It's hard to believe a reputable auction house could have no clue as to these figures current value, and one wonders what research they did to come up with such low estimates.

Hopefully these will of been bought by collectors and we don't see them flipped on eBay for twice what they sold for. Anyway, here's to more 'lost' Palitoy items emerging. Never mind the New Movie, 2015 is shaping up to be the year of Palitoy.

 

[naughtyjedi]

Just out of interest, why should Vectis need to reward the collectors?

As has been said several times in the Palitoy collecting thread, this hobby isn't only about money. Money alone isn't enough to acquire a great collection or make great contacts. If they want to be the go-to Star Wars auction house for both buyers and sellers, they need collectors on their side.

True its not just about money, but money always plays a fundamental part of it, as it does with any collectors hobby. Money may not get you a contact to help with collecting, but you wont do it without money. I doubt anybody is not looking at the market price and allowing a collector to go under, unless that person knows and trusts the receiver wont flip it as soon as they find a reason acceptable (everyone has a limit). They'll always have collectors interested due to the items they attract. Without Vectis, then we wouldnt have seen Mark Jackson's collection. Why did Craig Stevens go to Vectis?

I doubt if any collector who sees them sell that item they want they will hold back if they can afford it. After all, its the bidders (market) who dictate the price, not Vectis.

Vectis are an open auction house who, IMO, opened their door and been quite the decent bunch. Aside from dropping the final sales commission to a smaller percentage, I'm not really sure how they could be more collector friendly. Can you explain how you think they should be more collector friendly?

 

[edd_jedi]

It just proves what many of us have been saying for years - don't believe the hype! These are mass produced toys, there are bound to be tonnes of them still out there in attics, warehouses, and in the collections of people that don't post on forums. But that still doesn't stop some people paying mega bucks for some loose figures or common MOCs.

 

[edd_jedi]

Can you explain how you think they should be more collector friendly?

For a start they could have listed the OPEN shipping cases of X-Wings, Snowspeeders, AT-STs etc separately. Having to buy all six priced most people out of the auctions, even though they would happily have paid a fair price for one of them.

 

[naughtyjedi]

Can you explain how you think they should be more collector friendly?

For a start they could have listed the OPEN shipping cases of X-Wings, Snowspeeders, AT-STs etc separately. Having to buy all six priced most people out of the auctions, even though they would happily have paid a fair price for one of them.

The seller/owner will dictate most of that.

 

[edd_jedi]

These are a good example:

http://www.vectis.co.uk/Page/ViewLot.aspx?LotId=577253

If listed individually they would easily have got more than £200 each, and probably another £100-£200 for the shipping case on top. And 4/5 people would have been happy rather than just one.

 

[edd_jedi]

The seller/owner will dictate most of that.

No Vectis decide how things are sold, hence why all the lower end MOCs are being sold in lots of 4 or 6 (because the individual commission price wouldn't be worth their while apparently.)

 

[naughtyjedi]

The seller/owner will dictate most of that.

No Vectis decide how things are sold, hence why all the lower end MOCs are being sold in lots of 4 or 6 (because the individual commission price wouldn't be worth their while apparently.)

Im sorry, but I disagree. Not on everything. Admittedly on some large lots the owner will leave it up to the auction house, but if a seller fundamentally wants things sold a certain way, then its up to them (Vectis will advise). It depends on the original seller's demands. If the seller doesnt like the conditions...

There have been plenty of MOCs sold at vectis for small prices.. 15 quid etc In fact, look at the realised prices, plenty of stuff has sold for 15, I doubt if any MOC would sell for less (or if it doesnt meet lower estimate which I believe is the 'reserve' then it wont be sold and listed again next opportunity).

 

[naughtyjedi]

These are a good example:

http://www.vectis.co.uk/Page/ViewLot.aspx?LotId=577253

If listed individually they would easily have got more than £200 each, and probably another £100-£200 for the shipping case on top. And 4/5 people would have been happy rather than just one.

Or maybe a collector was happier about the shipping container with the box of walkers.. not all about money..

 

[edd_jedi]

Well, you're picking at straws now mate. Yes I'm sure on occasions the seller has input, but on the whole Vectis value lots and decide how they are sold. I believe that is a fact, not something you can disagree with (I seem to remember Jason asked them himself.)

As above I'm 90% sure the AT-STs and Speeders etc will have ended up with dealers who had the capital, so the only people to lose out are the collectors that will eventually buy them through middle men for a marked up price.

 

[naughtyjedi]

Well, you're picking at straws now mate. Yes I'm sure on occasions the seller has input, but on the whole Vectis value lots and decide how they are sold. I believe that is a fact, not something you can disagree with (I seem to remember Jason asked them himself.)
.

I have sold stuff at Auction houses (not Vectis admittedly), and I've always had input. Its not picking at Straws, if I hand my stuff over, I have done it on my terms, or I move onto someone else.