Well you can start with the reasons I posted last Oct.:
Now I don't have a crystal ball, but you don't really need one to figure out how ridiculous it is comparing a 300 ES statue that can't sell out after 11 month's, to SSW's "flagship" creation.
The Balrog was the first ever SSW piece to sell out and it did so within a few month's, and this at a time when not only was $300 an obscene amt. to pay for a statue, it was long before the LOTR craze began. Within the first 11 month's of pre-orders beginning, the 1000 ES was not only completely sold out and shipped, they were selling for upwards of 4X the retail cost. So please, let's talk about Smaug vs the Balrog after Smaug actually sells out, and after it's secondary value starts going through the roof, OK?
You know, your shot at the collectors of the Gandalf and ML PF's, helms, shields etc....really isn't a reflection of how much you know about art, it actually shows how little you know. Having worked in a art gallery on and off for the better part of two decades I can safely say I've seen that elitist attitude of yours far too many times, and that attitude was never based on a knowledge of art, it was based on the insecurites of that particular individual. The idea that you, me, or anyone else knows what constitutes art and what doesn't, is ridiculous at best. Only you can decide which art "speaks to you", evokes emotions or memories, creates passion, etc.... But it isn't up to you to decide that for every other collector out there. We can all handle that on our own very well thank you.
And no, what Weta did was completely overestimate what people were willing to pay for a FB statue. That's what I believed, and said, nine month's ago and not a single thing has happened since then to disprove my theory. The fact this great looking statue still hasn't sold out yet only cements what I said previously. Now you, and other's may not like what I have to say, but I really don't care, the facts speak for themselves. It's also a fact that I have never said anything negative about this statue, or the Eowyn vs the Nazgul statue, and eventually, I will own both. But just as I blamed SS for their mismanagemnet of the LOTR LSB line, I blame Weta for the death of this line..... one I was extremely high on, and very much looking forward to.