People Are... Strange About Auctions

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People Are... Strange About Auctions

Sun Apr 12, 2015 3:36 pm

I've been haunting the auction sites while trying to fill the holes in my LOTR collection, particularly items that are no longer listed on the GW website, and it has reinforced my opinion that some people are... strange.

The particular event that reinforced this opinion was an auction for the an OOP blister containing Arathorn and Halbered. I'd bid what I thought was a generous amount on the auction but I was quickly oubid. The eventual winning price of the auction was over $100US (for one blister of two figures for an obscure faction that never even appeared in the movies). The funny thing was, at the same time this auction was going on, someone has the exact same blister listed for a "Buy it Now" price of $50. I'm just amazed that people don't look through the auctions properly before bidding up to ridiculous amounts of money. :roll:

Of course, this and other auction results also make me wonder how GW could not make money selling all these OOP figures, when there are still obviously a lot of people willing to pay ridiculous amounts of money for them. :?
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Re: People Are... Strange About Auctions

Mon Apr 13, 2015 8:33 am

In that case,
Buy it now for 50
Sell it now for 100 :D

But I do agree, I've seen quite a few things go for more on Ebay than they cost new -- and they are models still in stock at GW! Crazy people.

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Re: People Are... Strange About Auctions

Tue Apr 14, 2015 8:53 pm

Matt-Shadowlord wrote:But I do agree, I've seen quite a few things go for more on Ebay than they cost new -- and they are models still in stock at GW! Crazy people.

I know, I've seen the same thing. Items marked as "OOP" that are still listed on the GW online store as available, and listing at auction for over retail. :lol:
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Re: People Are... Strange About Auctions

Wed Apr 15, 2015 6:30 pm

While not arguing that people can be strange (very strange...) there are sometimes circumstances which create these situations. For instance. the Buy It Now might be listed under Collectables or some other unlikely part of the auction site or the name of the character mis-spelled so anyone doing a properly-spelled search would fail to find it. Perhaps GW doesn't deliver to their country so there's no alternative to paying over the odds? Postage might amend the final price, especially with dodgy postal services requiring expensive tracking options.

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Re: People Are... Strange About Auctions

Fri Apr 17, 2015 1:31 pm

It endlessly confuses me that people will pay more than the current GW price for something that is in stock in an auction.

If they wanted the item that badly surely they would have researched the price in stock at GW if they have it so they know where to go if the Auction goes to that price...

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Re: People Are... Strange About Auctions

Thu Sep 10, 2015 1:22 pm

Browneman115 wrote:It endlessly confuses me that people will pay more than the current GW price for something that is in stock in an auction.

If they wanted the item that badly surely they would have researched the price in stock at GW if they have it so they know where to go if the Auction goes to that price...

^This I agree on and I have seen it. I'm sure the majority of people bid at the limit before the auction price matches the retail price. But also some areas around the world is more expensive in retail than others. Canadians and Australians pay more in retail compared to UK.

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Re: People Are... Strange About Auctions

Wed Sep 30, 2015 8:42 am

Well in the long run over the part with GW making money, they decided on their own long ago that continuing to produce metal was no longer worth it after stock ran out, naturally they would have had a good idea that metal could rise in price after this choice, especially with the lotr range going out of production. They probably look at it like if there is perhaps 50 people in the world that want a rare-ish eomer marshal of the riddermark that even at around 80 dollars ( assuming 50 people would pay 80 dollars each all around a similar time frame ) that even 4000 dollars is simply not worth their time or cost to keep that production going, they obviously got rid of the molds and what I have a hunch about over the remaining stock, is they had most GW retail stores send back their unsold stock, repacked them in the new white generic boxes and blisters to sell them off, and that probably their in store stock ran out a good while ago and all they are doing selling leftover repackages.

It would make a lot of sense to me since many of those older boxes and blisters are in beat up shape, laying in boxes in a back room or dented over years of people shuffling through them, I remember one GW shop that had a huge box of specialist games blisters in the back room, and when I went in the part timer was just going through all these blisters so I could see how they get dinged up.

There is or could be many reasons for this situation with the bidding itself, sometimes it depends on the feedback of sellers, often people must buy from a 100% rating, other times people do not have the time ( but do have the money ) to keep checking if there is another up, often sellers undercut eachother to get that sale, the list goes on.

I once sold a loose arnor command set for 85 dollars, a few weeks after they went out of production and the price still remains about that. Not only that there is quite a few less common ( Ie non in production and non heroes ) that are fetching easily 50+ dollars, I won't claim everyone ends up selling them but cleary when only 1 or 2 are up for months, people eventually with the cash will buckle and pay it if they need or badly want it enough.

From my end I will admit there is a limit I am willing to pay both GW and also the used oop market, I won't say I enjoy those costs but its a situation that as army collectors we are sometimes put in, so lets say there is some hero I badly want or need to finish off my army or collection, I would probably or if it was wanted enough by me that I would consider paying triple the original blister cost, I probably would not like it but if it was a one time sorta deal where I said well I have little options yea I would consider it or do it.

The flip side to this is that any of us who know how to strip metal minis ( and I sure do ) we are able to get all paint off them, so later on we can in turn charge those prices too, and know someone will pay it so we can balance that by selling our own to pay for other we need sometimes. I ended up getting the monkey twins ( they new sculpts are a bit better ) for very cheap off some kid in the uk who did a terrible paint job, I got them for about 5 bucks for both and shipping was cheap too, dunked them in industrial paint stripper they came out like in a new blister just fine. Now they are fully OOP and fetching similar prices as others.

Buy cheap while you can.

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