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Can someone explain these crazy prices?

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Nathan95 said:
I don't know what the point of shill bidding would be if they aren't on eBay?
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While I cannot comment on whether it was shill bid on or not and I don't think anyone here can since we cannot ever figure that out, I can provide an explanation as to why it would be (if it was).

Pinpics would be shilling the bids because they want encapsulating pins to become a thing. In order to prove to pin traders that encapsulating their pin makes their pin more valuable, these auctions would prove that. A Tangled PODM alone is worth $400, but all of sudden when it is encapsulated and graded it is worth $4000. That is why they would shill it (if they did, I am hereby not accusing any party of shilling, just providing a reason why if it were the case), because in order for it to become popular among all pin traders, we must have a reason to make our pins essentially useless (since we can no longer wear them :lol.
 
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What I am wondering is, if said 'new' owners of these over priced auction pins try to sell, trade or unload their new purchases, will they get any where near what they just paid...my guess....nope. How long will they have to hang onto them before they ever gain 'value'. If they ever do.

I have a couple of the pins that were just auctioned (in my collection), mint, on the card, that I know are authentic. Wonder if I sent them in, had them ripped off their original cards, graded and I auctioned them thru that auction house...wonder if they would bring the same kind of prices... hmmmm bet not.

Just my opinion and thoughts.
 

Keep in mind these "collectors" might not be in it for the money. They might just actually want the pin in which case, any amount of money is worth a lifetime of enjoyment from the pin ^_^

It would be very naive to buy those pins and expect a profit because I can flat out guarantee you right now that the Tangled PODM will never be worth $4000 again. A pin nearly always maxes out around the time of it's release with all the hype around it or when that specific character/movie becomes popular. Tangled is already popular and PODMs were the biggest thing back then and the most that pin could net was around $400. Years down the road when PODMs are popular but no longer in the spotlight and Tangled is where Stitch, Jessica, and Tink are (which is popular, but no where near how popular she is now) that pin will only go down in price from $400. Sure it might not go down much (maybe $350) but the point is that it sure won't go up to $4000 :eek2:
 
I didn't know what this was about. then I looked it up.. I highly doubt this will happen often
I wouldn't pay the prices.. no way some them prices make a very good down payment on a car

Psycho Pixie said:
<~~Doesnt recall grading being attempted before, but has not been around forever....
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Yes it has before. many chats about is as well who did it back then? that I don't remember. sorry I have CRS
 
As for the previous attempts at pin grading...the attempt was previously made in/around 2006. The pins were analyzed, graded and then put into a plastic cases -more similar to how comics are slabbed. They were flat and smaller than the current idea; where they were at least portable.

DJ was one of the people into this process - the same DJ from Disneyland that was primarily into going back and forth to Tokyo Disneyland for pin trading in the beginning of 2000. I also believe Chris Johnson was a promoter as well, who now focuses on Vinyls.
 
I want to formally and publicly apologize for being as snippy and frustrated as I was in this post. And I truly thank everyone for resisting temptation to reply on this thread beating my neutral butt up for it. While the points I made were valid, the way they were made was obnoxious and hurt at least one person. It is not typical of me to show frustration like this and I am very sorry if it bothered people. A point or comment gets lost when people let frustrations get in the way.


 
Cowcio said:
I would have considered the lion king BT at 408 graded... That's probably the best "deal" of the lot.

The PODM prices are wild.
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Gomes Tink at $200 was the best deal.

It's also possible the seller wanted to promote their graded items to a different clientele, as I stated before. Opening the world of pins to the hakes.com frequenters. Also, interesting to me it was times before D23. I'll be interested I see if any graded pins are for sale and if so, how high they are priced.
 


I missed the Gomes Tink! Nice.
 
Wow, the worst looking Alice Gomes (IMO) went for over $1,000? I can sell it for that! Anyone interested? lol
 
I think you all have missed the purpose behind grading and encapsulating pins. Hakes is a reputable auction house and the purpose behind this sale was to elevate pin trading into a highly collectible hobby. It introduces pins to collectors who previously might not have known about them or considered them as "collector" items. By doing this pins can move into a more varied market. I have sent two of my pins for grading only, not encapsulating, and was pleased with the result. The company that does this is also a reputable one and tis is their first foray into pins. But the grading process is similar to grading any other collectible item. I for one and happy to see pins elevated into a market where some of my pins might actually give my grand kids some money.
 
This whole thing gives me the creeps. (Not your post, just this whole grading/encapsulating thing)

 

+100
 
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