Who decides prices?

Discussion in 'Transformers Toy Discussion' started by Kup-is-Dion, Apr 22, 2011.

  1. Kup-is-Dion

    Kup-is-Dion Lord Cthulhu

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    I was looking today at MOSC G1 TFs and noticed the expensive prices. What I would like to know is: Who sets the prices? Is there a pricing authority? Do sellers pull these prices out of their asses? What makes a AFA 80 MOSC Swindle($579)worth more than AFA 90 MISB Hot Rod($349)? I don't normally collect MISB/MOSC so I know nothing about this pricing.
     
    Last edited: Apr 22, 2011
  2. Barricade24

    Barricade24 Decepticop Artist

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    The Government. :D 

    Seriously though, the stores themselves decide the prices for transformers.
    The same with online retailers. Hasbro just gives them a rough price.
     
  3. rattimus prime

    rattimus prime Scout Class Prime

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    The owners inflated ego decides the prices, I'm really those two aren't even rare characters, I've heard of the Japanese exclusive characters going high but not them
     
  4. Nachtsider

    Nachtsider Banned

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    Sadly, this applies in many cases.
     
  5. exomega255

    exomega255 Emerald Green

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    Supply and Demand.
     
  6. Kup-is-Dion

    Kup-is-Dion Lord Cthulhu

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    Being completely serious, I didn't realize the demand for MOSC Swindle warranted a $500+ pricetag!
     
  7. slugslinger2004

    slugslinger2004 TFW2005 Supporter

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    Ebay:
    Just because a seller lists something for a price doesn't mean it's worth it. Checking what auctions end for is a more accurate way to gauge prices, and even then there might be other factors that affect those prices (bid wars, recent Classics/3rd party versions or accessories, shill bidding, etc.)

    And even when using supply and demand as exomega said, someone can artificially raise prices by decreasing supply (like the jerkwad that bought up all the G1 Dreadwinds a few years back. That sent loose prices for one to double or even triple what they were previously going for.
     
    Last edited: Apr 22, 2011
  8. PlanckEpoch

    PlanckEpoch Brony

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    We do. No joke. Everyone who thought two decades later that they'd buy that Swindle they've always wanted for a few hundred bucks and the seller goes "HOLY SHIT," and other people do this and set the prices. When it comes to the secondary market and who is responsible for the prices, you have to look no further than the collectors themselves.
     
  9. barrelks

    barrelks Captain Funtastic

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    Well, if it isn't then it won't sell. All he has to do is find one buyer. If not, then there isn't enough demand and he will either have to sit on it or reduce the price.
     
  10. Houndvoice

    Houndvoice Well-Known Member

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  11. exomega255

    exomega255 Emerald Green

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    Supply and demand sets the overall price that things will sell at, not the out-liers.

    Someone can set their price above what supply and demand dictates at a given time. Assuming S&D remains the same, that seller will sell his item VERY slowly or not at all.

    Someone can set their price below what supply and demand dictates at a given time. Assuming S&D remains the same, a buyer will buy that VERY quickly due to him getting a "deal".

    Same thing holds true for the buyer:

    If someone wants an item for a price below what supply and demand dictates at a given time, assuming S&D remains the same, that buyer may take a very long time to get what he wants.

    If someone wants to buy an item for a price above what supply and demand dictates... well lol lots of sellers will sell to him!
     
  12. jestermon

    jestermon Well-Known Member

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    They pretty much just base it on what someone will pay for it.

    Sometimes it's way too high but some one may eventually buy it.
     
  13. godbomber

    godbomber Henkei != Hentai

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    Ebay:
    I was having a fit here thinking you found an AFA 90 Hot Rod for $350, but I found that listing & its the Japanese packaging. That's would certainly be a reason for the price difference.
     
    Last edited: Apr 22, 2011
  14. DethPike

    DethPike Master of Sinanju

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    ^^ This. Something is only worth as much as someone ELSE will pay for it.

    If no one buys that Swindle for $500, the price will drop.
     
  15. barrelks

    barrelks Captain Funtastic

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  16. The Dark Seeker

    The Dark Seeker TFW2005 Supporter

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    Well....don't forget that because it was "AFA graded", that usually tends to jack up the price too. And at times.....its jacked up to astronomical prices compared to similar condition items that aren't "AFA graded."
     

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