Let us always recognize ....
good rajdo74.
.
wow
Started by
stunner76
, Jul 23 2009 04:02 AM
5 replies to this topic
#1
Posted 23 July 2009 - 04:02 AM
#3
Posted 12 August 2009 - 12:04 AM
Can someone, anyone, please tell me why Ninja Mites are so sought after? They aren't especially attractive, and honestly don't seem to be what I would call "rare". Yet they seem to be selling for ridiculous sums of money. Why? For the love of everything holy, why?
Is it just a small group of collectors driving up prices? I can't imagine there is a huge market for people willing to pay $250 per figure. It HAS to be only a few people doing this.
It's like in the Mego community there is one guy from Italy that sets every astonishing price record. Every time a Mego item goes sky high it is because this one guy is after it, pursued by a couple of guys who NEVER outbid him. Those guys only serve to strengthen this collector's resolve to get what he wants. If you take him out of the equation (as happens to all who come out of the woodwork with the same "rare" item after auction end), the bids come no where near as high. Is this situation akin to the ninja mite thing? Or is it this...Seller A's auction spikes, seller B throws same stuff up, it's going for nothing so they shill into oblivion. This causes seller C's auction to spike, so seller D puts the same stuff up and shills creating a false, ever escalating value system? A value system which is now officially spiraling out of control.
Please enlighten me.
Is it just a small group of collectors driving up prices? I can't imagine there is a huge market for people willing to pay $250 per figure. It HAS to be only a few people doing this.
It's like in the Mego community there is one guy from Italy that sets every astonishing price record. Every time a Mego item goes sky high it is because this one guy is after it, pursued by a couple of guys who NEVER outbid him. Those guys only serve to strengthen this collector's resolve to get what he wants. If you take him out of the equation (as happens to all who come out of the woodwork with the same "rare" item after auction end), the bids come no where near as high. Is this situation akin to the ninja mite thing? Or is it this...Seller A's auction spikes, seller B throws same stuff up, it's going for nothing so they shill into oblivion. This causes seller C's auction to spike, so seller D puts the same stuff up and shills creating a false, ever escalating value system? A value system which is now officially spiraling out of control.
Please enlighten me.
#4
Posted 12 August 2009 - 12:37 AM
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#5
Posted 12 August 2009 - 03:47 PM
it has been discussed before that there's a chance of shill bidding on a few of these ninja mite auctions. personally i wouldn't pay regular muscle prices for the things but some people love them. so lets look at that. how many of us have an old toy franchise from our childhood that isn't really coveted by others but is the bee's knees to us? i know i've got my fair share of guilty pleasures, some of which seem to go for "higher than i'd like" prices. so it could be that some of these are really rare and are in the high price range per figure and also it could be some sellers shilling the bids to gain profit at the expense of the collector's market. all i know is that a lot of the ninja mites i've seen aren't worth the energy it takes to look at them.
if i encounter the demons in hell, i will kill them all..
vi veri veniversum vivus vici.
#6
Posted 12 August 2009 - 04:04 PM
Yeah i recently auctioned off some and ended up with a bunch of shills and non-paying bidders. Seems to be just a small group of people intent on messing with the market for these things. I have no idea why.