Re: The Dark Knight: 1/6th scale Batmobile Collectible (relaunch)
Exactly. And the only relative correlation to the housing market crash is people buying (or getting loans) for things that they can't really afford. That's been happening a bit with collectibles, too. But it won't completely kill the hobby as long as there is some demand for product.
I don't think anyone's suggesting the hobby is going to be completely killed - but, to use the analogy of the house price crash - the Hot Toys economy looks like it could be heading towards a recession
- Collectors (home owners) will realize they can't justify buying thousands of $ worth of this stuff anymore because their prior assumption that if they ever needed the money they could easily sell for a profit no longer rings true.
- Hot Toys (the banks) are flooding the market at the moment seeing the high prices their products are fetching in the aftermarket, and perceiving this to mean that they should be producing a lot more than they currently are.
Looks to me there will come an inflection point where collectors are simply not going to be able to afford to gobble up all the supply HT is putting out there. This means
1. HT's direct customers, the retailers, will have large amounts of unsold inventory that they'll need to shift at significant discounts
2. The discounts will show collectors that the brand new DX20 Batman they have bought 1 month ago has already lost value, making some delay their future purchases waiting for the discounts
3. The delayed purchasing decisions of customers and the losses on discounted inventory will make the retailers less profitable. Many who have recently sprung up purely in response to the HT demand boom will feel the pinch and some will even go out of business.
4. That will mean lower pre orders for Hot Toys who, in the meantime have gone out and overstretched and bought even more expensive licenses
5. HT will realize they only have 2-3 profitable licenses and everything else they have either neglected or hasn't had the demand they had anticipated
6. HT will be forced to downsize
7. The HT economy will correct itself
That's what I see happening anyway