I was rooting about in the Blog’s archivess looking for something and came across this post from March 2009 on one man’s opinion on the value of patches.
While it is over five years old, I think it still rings trust today, you can read the whole thing here.
10.) John Pannell has put together a great web-site (Internet guide to OA Insignia) which I would suggest to John that he consider raising the subscription rate for adults but not youth. This site is worth much more than $10 per year John. This site is nothing short of fantastic as a resource. However many collectors have the thought that if a patch is listed on this site as selling for $3.99 then by God it is worth $3.99. This actually means in most cases that if you notice the minimum bid was 3.99 and no one else bid on it. So is it worth $3.99????????? Also some of the more rare item prices are likely not accurate and then many are. Always remember that price guides are a guide for your use and may not be the exact value.
John’s pricing is out of date at this time you may want to check out a newer online resource available PatchTrends.com.
Gene also talks about feeding frenzies
Then the First Flap values were reestablished. The shark in the feeding frenzy paid $1000 for a 166 F1 so guess what, the 166 F1 is worth $1000. Then maybe 1-5 166 F1s sold for $1000 as all sellers said hey, Seller A sold it to Buyer A for $1000 then it has to be worth $1000. But, after the five people purchased the 166 F1 for $1000 there was no one left who was willing to pay $1000 for the 166 F1. So now all of the sellers have them priced for $1000 and none of them are selling. This is the old term supply and demand. Is the 166 F1 now worth $1000??? They may have previously sold for $1000 but now everyone willing to pay that amount has the flap. Now sellers have them listed at $1000 and they are not selling. Now the sellers have a choice, maintain the $1000 price and not sell them or lower the prices to sell them.
I would agree that there is a softness in the overall market right now. Over the last couple of years, I have purchased a number of items from different sellers at prices that are 1/2 or 2/3 what they might have been 7-8 years ago. Is it that the deep pocket buyers have theirs and those willing to buy them now have shallower pockets? or more a sign of the economic times?
11.) Collectors, it is a buyers market out there right now. You the buyer must make the decision as to when to purchase and the price you pay. The supply is high at the present.
What do you think?
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“The trouble with fighting for human freedom is that one spends most of one’s time defending scoundrels. For it is against scoundrels that oppressive laws are first aimed, and oppression must be stopped at the beginning if it is to be stopped at all.†– Henry Louis Mencken
