If it isn't selling then people will drop the price or hold on to it. But it is selling so obviously a fair market value has been established. The guy asking $300 for his will never get that unless he has it listed for 3 years. Seems the going rate is north of $125 and south of $175.
The Up Beloved Tales pin will be a holy grail for many. Just because it just came out doesn't mean those that got it should just offer it up for $20 to someone else. I want to keep the one I got and trade it for a marquee grail of mine. The problem are the veterans that want to over value their older pin because it is rare and old but want to devalue the newer pins that are instant grails. A LE300 limit 1 Up BT pin should be comparable to a Tangled Marquee. Both were LE300, both DSF, both cost around $13 originally. Tangled marquee has been out for about 2 years, Up BT about 2 days. But in my mind they should be in the same ball field. Tangled was $150-$165 just a few months ago, I know they've spiked higher recently, but should come back down. And they were Limit 2 per person and were on the racks longer so traders could acquire more. A limit 1 pin, with the popularity of an Up BT, should appreciate to the level of a Walle Marquee or a Tangled marquee.
I suppose those of us that got an Up BT should just put our Up BT's in a shoebox for a year then its ok if we ask $150 for it, because it's older? People who were not able to obtain are of course going to be upset the price is high. But to expect someone to offer up a pin they can potentially trade for a grail or sell and buy a grail for whatever you think is fair price doesn't add up for me. New traders that can't obtain older pins are just as frustrated with trying to get older pins from people.
From an economists stand point, I do understand the problem when people sell new pins, say a Brave marquee for $100 and a Brave Angus for say $55 that they just paid $25 for and then use that $155 to buy a brand new Up BT pin. If they use that $155 to buy an older pin with an established value of $150 then the historical methodology works. But when they pay $25 for Brave pins a month ago, sell them for $150, then buy an Up BT pin for $150 that came out this month, then they are drastically increasing the inflation rate of pin values and just feeding the bubble making machine. Until older pins are easier to acquire (baby boomer die off?) or new pins start to suck and resale values are terrible (unlikely) this current cycle of buy-sell high-buy higher will just keep going. I do think people however underestimate just how many people there are out there willing to pay those crazy amounts of money to acquire pins.
Like I said in the beginning of this post. If someone is buying it for that much, then it is worth that much. And I don't think there is as much shill bidding up going on with this Limit 1 pin because there really isn't much value to be had when each person can only obtain one. It does happen with pins like PODM when 1 person can easily obtain 6 or 8 pins, then selling 1 for $400 with your buddy bidding on it to establish a super high value right off the bat, then eat the $40 ebay fees on the first and list all 6 again for $350-$400, you easily recoup the costs of that first $40 investment (if you can call it that.) I don't do that, but I know of other people that do. I'm just an analyst of trends.
!
