ebay insane!!!!

ebay insane!!!!

Joined: October 13th, 2009, 6:25 am

May 25th, 2010, 10:06 am #1

i have been looking as always at what get put up but in the last week some of the prices are just insane!!!!!!

there are things that im after but really $100 starting price for a 1/48 spitfire!!!!!

ive been after as many f1-11's as i can get but even $90 for 1/72 is out of my reach!!!!!!

i may have know idea and probley do but its crazy!!!!

my rant for the week;0

mark
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Joined: January 13th, 2007, 3:34 am

May 25th, 2010, 12:34 pm #2

Agreed - WTF happened to the recession? (n/t)
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Joined: May 18th, 2005, 7:03 pm

May 25th, 2010, 2:04 pm #3

of a credit card commercial (IIRC) that was playing here in the US recently. The announcer goes through a whole list of things this guy is doing, country club membership, a beautiful house, a new car, and at the end the guy says "How do I do it, I'm up to my eyeballs in debt. Somebody please help me"


Don McIntyre
Clarksville, TN


I only do what the voices in my head tell me to do, and right now, they don't like you very much.
(Seen on a T-Shirt)
Don McIntyre
Clarksville, TN


"The more I deal with people, the more I like my dog."
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Joined: December 22nd, 2006, 10:42 am

May 25th, 2010, 2:39 pm #4

i have been looking as always at what get put up but in the last week some of the prices are just insane!!!!!!

there are things that im after but really $100 starting price for a 1/48 spitfire!!!!!

ive been after as many f1-11's as i can get but even $90 for 1/72 is out of my reach!!!!!!

i may have know idea and probley do but its crazy!!!!

my rant for the week;0

mark
It should sell here for about Aus $45 to $50.
Just a heads up to help you get as many as you can.
It's due in the next few weeks as far as I know.
Place an order with your LMS.
Cheers,
Daryl Williams
Assistant AMI Moderator.
( Also cheap F-111 kit informant!)
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Joined: April 29th, 2008, 10:01 am

May 25th, 2010, 10:45 pm #5

No offence MArk,

But thats what you get when you buy of Ebay. There is no such ting as correct market value on there, it is all highway robbery, and you can get it cheaper from your LHS. Support them instead of some rip off.

Glen

Glen Burns

Creative Models Australia
glen@creativemodels.com.au
www.creativemodels.com.au
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Joined: March 5th, 2005, 2:12 pm

May 26th, 2010, 3:36 am #6

Ebay to me reflects what the kits are selling for in the shops and at swap and sells.I have just sold a couple of things on ebay and got prices that I am quite happy with. One of them was a Collectaire resin Hawkeye that cost me USD200 when it was first released. It sold for $30!! A most realistic price I think given the arrival of the Kinetic kit has largely rendered it obsolete. The buyer got a bargain if he is a collector. If he wants to build it well, it has better props, wheels and seats than the kinetic kit so he still got a cheaper hawkeye than buying the kinetic kit for whatever it sells for, more than $60 anyway. Hardly a rip-off
Same with the VC10, buyer got it for a great price. You will notice that RAAF spit has no bids, bidders will determine what it is worth,depending on how badly someone wants that particular kit. As it is a rarity and OOP, I am sure the final price will reflect that. It is the same with everything
To say ebay is highway robbery is wrong, it is no different than swap and sells. I have got bargains at S&S's and I have been ripped off at S&S's
I am sure the people that whinge about ebay prices are the same people that expect you to sell that 1/32 scale Tamiya Spitfire sitting on your swap and sell table for $40
Bruce
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Joined: April 29th, 2008, 10:01 am

May 26th, 2010, 4:21 am #7

Well you might just be one of the small few that realise what common sense is, and what a realistic price is, but for the majority, I still stand by my comments.

Yes you can get some bargains and some good prices on their, but the majority of stuff on their is very expensive and a rip.

Ebay is still by no means the way to calculate the current market price. If that ws the case, then why cant we use swap and sells to calculate the market price instead? Or shops having sales?

I am sure we can all give examples of bargains, expensive kits, and rip offs on ebay, at any retail shop, or online store, including my own. I dare say that the majority of shops and online stores around the world dont delibrately rip off though.

My example is the Tamiya 1/12th scale F1 cars. Some have been recently rereleased, and others have been announced, but with Cartograf decalsand extra etch. These are retailing from around $120 - $140 and slightly upwards.

Look at the same kits on ebay, $240 and upwards of over $340.

Now look at the bidding on ebay. Peaople will pay what they can afford, how much they think the kit is, andif they desprately want something that is OOP, then maybe more. But those bidding prices, or the end price still doesnt rflect the market price. All that reflects is that some people are willing, or stupid enough, to pay ludicrous amounts of money, for a kit that is hard to get these days.

The Hawkeye kit you mention. I have never heard of it before, never seen one, and would not know what it is like as a kit. You paid $200usd, for it way back when, and now, youve sold it at a major loss, but at what was a very reasonable price. There is now the Kinetic kit, and Hasegawa too I think, which may or may not be as good or accurate in some areas, but a lot cheaper to buy, so this then reduces the end price for your resin kit.

You are smart enough to know this, and acted as such.

In Tumut a month ago, there was a guy selling very 2nd hand 1/24th truck kits. I saw two that I built 18 years ago as a kid. Now back then, the prices, brand new, in the shop were between $70 an $95. was keen to get two of these kits.

Until he put the prices on them. $150 each, and some were more. Asked if he was willing to negotiate. No. Asked how he got the pricing. He got them of ebay. How many of the trucksdid he sell? None.

Glen


Glen Burns

Creative Models Australia
glen@creativemodels.com.au
www.creativemodels.com.au
Last edited by CreativeModelsAustralia on May 26th, 2010, 4:27 am, edited 1 time in total.
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Joined: April 20th, 2005, 10:41 pm

May 26th, 2010, 4:58 am #8

This will always be an issue..even before ebay...club actions swap n sell...some sell to make money others sell to get rid of the kit.... there will always be items that someone will sell for $20 yet at the same club auction or swap sell will sell for $50... probably logic to reason who knows... another example..somone bought a new release aircraft kit for $40 back in 2000 & in 2010 they dont want it anymore...blow & behold they see the kit has been re-released in the shops for $60 ..what do you think they sell it for ..$60 ..seen that happen..another story i like is that someone will say go to Toms, but up a few kits either at full price or on sale then take it to a club auction & sell the kits for additional $10 - $30 more than what they paid @ Toms or even what is available at other shops. yet people are willing to buy them..so maybe if people are willing to sell a $50 kit @ $100 & if no one buys the kit then let them suffer..if someone buys it there good luck to them... also if you think the kit is only worth $50 then someone might think the kit is worth $70, $80, $90 + ..i guess its like used cars or antiques..1 valuer says its worth no more than $50 but there is always someone who is willing to go higher & is willing to spend $100

regards
AJ


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Joined: February 28th, 2005, 2:04 am

May 26th, 2010, 7:52 am #9

i have been looking as always at what get put up but in the last week some of the prices are just insane!!!!!!

there are things that im after but really $100 starting price for a 1/48 spitfire!!!!!

ive been after as many f1-11's as i can get but even $90 for 1/72 is out of my reach!!!!!!

i may have know idea and probley do but its crazy!!!!

my rant for the week;0

mark
Generally, the value of something is what people are willing to pay.

For a seller, the right price to sell something for is what maximises profit (of course). In most situations, where lots of the product is being sold, the profit maximising price is less than some people would be willing to pay. This is because what is being maximised is price x volume sold, not just price. So: some people would be willing to pay more, but because fewer units would be sold and total profit would be less, the market price is set lower.

(people who know their economics will know this is simplified to the point actually of being a bit wrong, but bear with me; the point is two paras down.)

The benefit enjoyed by people who would have been willing to pay more is called "consumer surplus". Basically it is the money still in their pocket that they would have been willing to pay but didn't have to.

E-bay, and auctions in general, are a good way for sellers to extract some or all of consumer surplus, whether that is their intention or not. Usually there is only one or two of the item on sale, so it will go to whomever is willing to pay most on the day. The 'maximise volume x price' equation no longer applies; maximum profit = maximum price. This is not to say that everything sells for the maximum possible price that any theoretical purchaser might pay; but if there are two people who really want something, then the winner is going to have to lose some consumer surplus. And so here's the rub; sometimes, to get something on ebay, one either pays, or loses. If one loses, then it's not the seller's fault, it's because of another purchaser. If you won ... well, you did click the 'bid' button. If no one else is bidding ... well you don't have to bid either.

Of course, one may find that one could have paid less elsewhere afterwards. One usually regrets this (I certainly have done so). But is that the same thing as being ripped off? Not really. One may also feel regret about paying a high price for a kit one could have bought earlier but never gt around to when it was on the LHS shelf; I will refrain from speculating as to whether other people feel the same way and get grumpy about prices that then have to be paid on ebay

Is it possible to be ripped off? Well, sort of. A bit. We need to move from economics to a bit of philosophy here. It does seem to me that some people - mainly repeat sellers relying on words like "rare", and generally it also seems to me people who are not themselves modellers or normally in the model supply industry - will put high prices on things relying on buyers not doing research to find out they could get them elsewhere cheaper.

It does strike me, also, though, that e-bay is an internet platform and there is not a heck of a lot of excuse for people not to shop around on the internet - so there will be a bit contributory negligence. The people who may get caught this way and for whom I would feel some sympathy are those who are not regular modellers and/or who may be buying for a gift, and who therefore are not savvy about where to look for better prices.

People who put something on e-bay for a price that doesn't attract a bid; well, that's not a rip-off; that's being excessively hopeful combined with poor research. Sucks to be them.




P.S. on other forums, on social issues, I get accused of being a socialist lefty . I just combine soft lefty attitudes with a hard-nosed appreciation of how the world actually works.
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Joined: October 13th, 2009, 6:25 am

May 26th, 2010, 9:13 am #10

i have been looking as always at what get put up but in the last week some of the prices are just insane!!!!!!

there are things that im after but really $100 starting price for a 1/48 spitfire!!!!!

ive been after as many f1-11's as i can get but even $90 for 1/72 is out of my reach!!!!!!

i may have know idea and probley do but its crazy!!!!

my rant for the week;0

mark
1st of all im stoked that i can get even more kits of the pig soon,been waiting for the hobbyboss kit to be local etc and its game on;)

even better that i can get a few more in 72 as well, so far i have 5 1/48 and 3 1/72's )))))

i do agree that if i want and i have the cash i will pay for it but how do i really know how "RARE" it is???

i always try to get as much as i can from the LHS but with so many kits in the stash so far im only really getting paints right now but im always on the lookout for some thing i dont have and just getting to the store is a night mare beening over a hour for the 1st one and 2 hours to the one i should go to etc.I have got a few kits off modelnerds and i see things there i dont see any where else and at a good price in my books.

its funny one ebay as i used to work for midnight oil doing there live concert photography around sydney in the 90's and yes it was a hoot but in doing that i started collection as much oils stuff as i could and got what i wanted signed when i wanted too etc.Looking on ebay i laugh so much as too whats rare and what isnt but i know what is etc.My collection would be one of the best in the country but i will never sell it ...or not unless i really need cash......but its only worth what some one will pay for it etc.I wanted to see what i thought was really some thing of low value was worth so i put up 3 street pole posters etc starting at $5...lol 7 days later the hightest one went for $125!!!!! i have about 10 left of them all in mint condition;) but it showed me just what some would pay.

so yes its not a good idea of whats some thing is worth more just what some one will pay....


and guys im still after 2-3 more 1/48 hercs if any one got any;)

mark
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