Vectis 25-6-2015

[Andyclarke]

Don't necessarily agree with it, but you can hardly blame him. Most of us, we'll I am, are working class and need to buy and sell to make a few bob here and there.
People will always pay a premium for that sticker that states 85, like it or not, that's a fact....

No probs with him making the money. Just can't believe the ridiculous premium AFA sometimes attracts. I have to say he's got big balls to do it. Can't see anyone picking up those 30a's for less than a grand.

 

[Herosolo]

Up to him what he does with his purchases, but it certainly doesn't help us "normal" collectors.
He's walking a very thin tight rope I reckon, worked out that time for him. But what if they hadn't made 85's overall? He's reliant on AFA and also not getting bitten on the bum by Vectis's vague descriptions. I see they're not even stating the condition of the bubbles now on some. Doesn't mention dings on the IG-88 does it? I'd want to go there in person if I was spending that kind of cash.
Do they still send additional photos if requested? I assume they're snowed under nowadays?

 

[Lee Gregory]

Think it's more to do with 'this is one of two graded 85 worldwide' or this is the only one 85 graded with a clear bubble bubble. People get caught up that, think he's taken a tip off that clown vintagestarwars collectables, or bobafett93 whatever he was on rs. Basically buy something and elaborate on the fact it's one of only so many graded and charge a massive premium. I suppose at least they were auction rather than BIN.

Likeyou say takes big balls, buying from US with no opportunity to see them in hand 1st.....

 

[Herosolo]

It's a shame more people don't realise that that Pop report is BS!

How's the hiding cupboard Lee?

 

[Joe]

Lee, I can't claim to know much about him but I have a hunch that Zach isn't your typical working class bloke looking to make a few bob, by his own admission he even treats his own collection as an investment:

:roll: :roll: :roll: :roll: :roll: :roll:

I'd say he's just taking advantage of the market right now and using AFA to achieve maximum return on anything he buys.

He doesn't always make out like a bandit (his Trilogo BIN prices are usually ignored and then sell for a lot less at auction for example) but he definitely has made a lot of money from some of the stuff he's bought and sold and if people are going to keep buying he won't stop doing what he's doing.

TBH making money out of Star Wars collectors is probably the easiest way to make money lately, you could probably quit your job and do it full time! The recipe for success is pretty simple after all..combine popular characters from the movies with early releases in high grade condition, add a little AFA magic and you are done.

 

[maxf]

Gob smacking prices. I guess he'll continue to bid then. I hate AFA. :twisted:

The Luke was worth the risk, but I'd have been sweating on the Leia and Han at those prices - I can't see anybody sensible would try and do that again for such a small gain (Luke aside).

 

[chrisfnx]

Does anybody intend to bid at the next auction? I was just seeing if anyone knows the best way to bid? I was thinking of bidding online beforehand. Cheers

 

[maxf]

Yes, I'll be bidding. I only bid live (online) - I won't leave a commission bid unless its a low one as a placeholder.

 

[skywalker]

Christ, there is some nice Moc's there the Palitoy 12 back Princess Leia is a beauty... oh and the Death Star..

Please God let me win the lottery..

 

[Lee Gregory]

Hi Gary, don't have a hiding cupboard these days, I have a very understanding Mrs who lets me have my collection on display

Joe, point taken pal, I don't go on fb that often and was unaware of that post from Zach. Totally agree it's on of the easiest ways to invest and grow your £, I think in part that is the reason prices continue to rise, it's not just collectors,it's investors also.....

 

[Joe]

Sorry Lee, I didn't mean to sound like I approved of what he's doing or trying to defend him, quite the opposite in fact. I'm not an investor myself and couldn't give two shits what my stuff is worth. I collect because it's fun and for the longest time it was enjoyable simply because it was affordable. I don't collect grades, not a big fan of AFA and I don't approve of people buying items just to grade them + flip them.

I think you can still be a respected dealer by listing things for prices within the realms of normality though and indeed I personally have more respect for those that do.


edit- added some "rolling eye" faces to my previous post to make my point of view clearer :lol:

 

[Lee Gregory]

No problem Joe, unfortunately it's becoming a growing trend.

I personally don't mind an odd bit of flipping here and there, it's how some of us make a few bob to buy that next piece we are after. Indeed I've done a trade/flip with a swf member this week that both parties were happy with

Bit of a difference when folk are buying just to grade and sell at a profit, that's not collecting in my eyes. Shame they didn't fetch 80's as chances are he would have been out of pocket.

 

[Joe]

Getting an under priced bargain and then selling it for a fair market price is fine IMO, pulling prices from your arshole in the hope that some sucker falls for it is not :lol:

 

[Herosolo]

Hi Gary, don't have a hiding cupboard these days, I have a very understanding Mrs who lets me have my collection on display

Good to hear Lee! Same here, although i'm still a little cagey on letting on what some of them have cost me!

 

[Herosolo]

Getting an under priced bargain and then selling it for a fair market price is fine IMO, pulling prices from your arshole in the hope that some sucker falls for it is not :lol:

I don't think there'll ever be any bargains at Vectis again.

There must be more people looking now than ever before on eBay too.

 

[kvavik]

Getting an under priced bargain and then selling it for a fair market price is fine IMO, pulling prices from your arshole in the hope that some sucker falls for it is not :lol:

Totally agree! Now the big question is, what is a fair market price... If one did a poll at FB, asking how many started collecting after 2011, I bet 50-75% would put their hand up (me included). Now imagine you have items there is only 5-20 of, which is not unusual at all. Compared to other hobbies, this can indeed get worse before it gets worser. (I have not won an ebay auction since summer of 2013.) Things I bought cheap and sold, to what I thought was a decent market price, later sold for twice that much.

For every find, there seems to be a double flip.
1. person buys it from childhood collection/
2. sells it to a fellow collector
3. "Fellow collector" puts it for sale on ebay/facebook.

 

[chrisfnx]

Cheers for the comments about bidding. Good luck anybody who does bid

 

[Jez]

There are so many things on this auction i want.
Does anyone know what happens if you win an item, pick it up (or ask Rich to) and discover a crack in the bubble. Can you refuse it? What happens then?
Def gonna be placing a few bids

 

[jimmyr]

I agree with a lot being said here but getting a bargain from Vectis is just about impossible, times have changed and I think a lot of people on this forum can't seem to accept the fact and just have a good moan after every Vectis auction, fair enough to an extent but its what you call reality.

I put a few really good bids on in the Palitoy employee auction and simply got blown out of the water but accepted it, we aren't living in the mid nineties anymore and picking up a bargain at a car boot sale just won't happen, I think that this is the problem with a lot of members on this forum, living in yesteryear and realising what prices they could have picked up desirable items for back in the day, those days have simply gone and collectors nowadays need to pay premium prices to own top pieces - its a fact.

The Vectis auction next week will no doubt be the same, even though there aren't that many rare items (lets not debate the term Rare please), but another Death Star and some great looking 12 and 30 backs, I will bid what I can afford and if I win, great, if I don't, than that's life, and I will look forward without moaning about prices etc.

All the best to whoever is bidding next week but please spare the moaning if the prices rocket, which they probably will!!!

 

[maxf]

I don't think anybody disagrees with that Jimmy. What people don't like is how the hobby is turning into some kind of cut throat 'me me me' enterprise - where previously people were helping out friends and genuinely networking for enjoyment.

Facebook has changed things completely, IMO. I cant recall a facebook thread where I've learned something new, or even seen a genuinely interesting debate. It's all 'if this grades xx, what will it be worth', which is a real shame. Its life, I understand that, but it's a shame nonetheless and largely down to the capital that people now have to sink into the hobby; when a figure was £100 I couldn't give a crap what it was worth - now I'm spending £1000 or more, I need to have an eye on that - 99% of people are probably similar.

I don't see the problem with someone winning a vectis auction and selling it on, or an ebay auction for that matter - if the price is too high, it won't sell. Also, take Zach's ebay auctions of the Leia and Han 30bk (lets ignore the Luke) - he made a few hundred quid but had shipping risks, grading risks, paypal chargeback risks, postage hassles - would I spend money to make 15% with those risks?... no chance, its just not good business sense; 1 bad deal and you're down for a year!

I cant believe many of the vectis sales are going to dealers - maybe some are sold through buyers remorse or something else coming along, yes... but out and out dealers - I really doubt it.