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Armor/AFV
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Inconvenient truths
tangodown
#494
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New Brunswick, Canada
Joined: August 08, 2018
KitMaker: 208 posts
AeroScale: 0 posts
Posted: Friday, August 16, 2019 - 12:15 PM UTC

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I was driving along the other day and was contemplating the cost of the kits in my stash and of the many accessories and paint I have ordered for those kits. If the kits average $50, I am looking at more than $3000. Accessories probably average close to that with Photoetch, metal barrels, aftermarket track, and paint. Humm... That is a lot of cash sitting on the shelf. Careful what you ponder.



Greg,
Having worked in the local Hobby Shop industry, I have to say you are really looking at it the wrong way. Models are a lot like automobiles, they lose about 20% of their value after you "drive them off the lot" so to speak. If you are estimating retail value alone, all LHS on-line shops buy at or below wholesale, and many of the on-line shops sell just above wholesale if they deal in volume, which is why they charge variable rates for postage. It's even worse for paint and accessories. I've bought, sold and traded models for years, and I've never gotten what I paid for them. So really, your cash isn't really "sitting on the shelf", it vanished when you popped that box open to look at the sprues. The right way to look at it is the pleasure you get from either collecting or building those kits, not how much they cost you. I'm discounting the "classic" and rare" resell market, where a classic or rare kit can fetch high market value on eBay or other secondary market. However, not all kits will qualify. So, when I survey my stash, I try not to think of the $$$ invested, but the ability and latitude I have to choose a kit when and where I want to build It, not at the whims of what's available on the market. That's what my investment brings, and it hasn't got much to do with the price tag on the box.
I'm rather selective in what genre I buy into, so as not to be overwhelmed by every "new thing" to come along. I've seen folks who have amassed huge stashes, then lost interest because they were buying everything, and building nothing. I've also seen folks drag massive stashes into a Hobby Shop, expecting the owner to buy them back at retail prices---that's not going to happen. So, when you look at value "on the shelf", don't add up the $$$, look at the pleasure level that stash produces.
VR, Russ



I see my stash as an investment for when I retire and have to live on my pension, possibly not being able to buy kits.
I will not need to buy any kits then and what I am paying for them now is probably a lot less than what they might cost in the future
/ Robin



By this logic I should be buying more! I like the way you think Robin.
RobinNilsson
Staff MemberTOS Moderator
KITMAKER NETWORK
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Stockholm, Sweden
Joined: November 29, 2006
KitMaker: 6,352 posts
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Posted: Friday, August 16, 2019 - 11:47 AM UTC

Quoted Text


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I was driving along the other day and was contemplating the cost of the kits in my stash and of the many accessories and paint I have ordered for those kits. If the kits average $50, I am looking at more than $3000. Accessories probably average close to that with Photoetch, metal barrels, aftermarket track, and paint. Humm... That is a lot of cash sitting on the shelf. Careful what you ponder.



Greg,
Having worked in the local Hobby Shop industry, I have to say you are really looking at it the wrong way. Models are a lot like automobiles, they lose about 20% of their value after you "drive them off the lot" so to speak. If you are estimating retail value alone, all LHS on-line shops buy at or below wholesale, and many of the on-line shops sell just above wholesale if they deal in volume, which is why they charge variable rates for postage. It's even worse for paint and accessories. I've bought, sold and traded models for years, and I've never gotten what I paid for them. So really, your cash isn't really "sitting on the shelf", it vanished when you popped that box open to look at the sprues. The right way to look at it is the pleasure you get from either collecting or building those kits, not how much they cost you. I'm discounting the "classic" and rare" resell market, where a classic or rare kit can fetch high market value on eBay or other secondary market. However, not all kits will qualify. So, when I survey my stash, I try not to think of the $$$ invested, but the ability and latitude I have to choose a kit when and where I want to build It, not at the whims of what's available on the market. That's what my investment brings, and it hasn't got much to do with the price tag on the box.
I'm rather selective in what genre I buy into, so as not to be overwhelmed by every "new thing" to come along. I've seen folks who have amassed huge stashes, then lost interest because they were buying everything, and building nothing. I've also seen folks drag massive stashes into a Hobby Shop, expecting the owner to buy them back at retail prices---that's not going to happen. So, when you look at value "on the shelf", don't add up the $$$, look at the pleasure level that stash produces.
VR, Russ



I see my stash as an investment for when I retire and have to live on my pension, possibly not being able to buy kits.
I will not need to buy any kits then and what I am paying for them now is probably a lot less than what they might cost in the future
/ Robin
Kevlar06
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Washington, United States
Joined: March 15, 2009
KitMaker: 3,510 posts
AeroScale: 814 posts
Posted: Friday, August 16, 2019 - 11:26 AM UTC

Quoted Text

I was driving along the other day and was contemplating the cost of the kits in my stash and of the many accessories and paint I have ordered for those kits. If the kits average $50, I am looking at more than $3000. Accessories probably average close to that with Photoetch, metal barrels, aftermarket track, and paint. Humm... That is a lot of cash sitting on the shelf. Careful what you ponder.



Greg,
Having worked in the local Hobby Shop industry, I have to say you are really looking at it the wrong way. Models are a lot like automobiles, they lose about 20% of their value after you "drive them off the lot" so to speak. If you are estimating retail value alone, all LHS on-line shops buy at or below wholesale, and many of the on-line shops sell just above wholesale if they deal in volume, which is why they charge variable rates for postage. It's even worse for paint and accessories. I've bought, sold and traded models for years, and I've never gotten what I paid for them. So really, your cash isn't really "sitting on the shelf", it vanished when you popped that box open to look at the sprues. The right way to look at it is the pleasure you get from either collecting or building those kits, not how much they cost you. I'm discounting the "classic" and rare" resell market, where a classic or rare kit can fetch high market value on eBay or other secondary market. However, not all kits will qualify. So, when I survey my stash, I try not to think of the $$$ invested, but the ability and latitude I have to choose a kit when and where I want to build It, not at the whims of what's available on the market. That's what my investment brings, and it hasn't got much to do with the price tag on the box.
I'm rather selective in what genre I buy into, so as not to be overwhelmed by every "new thing" to come along. I've seen folks who have amassed huge stashes, then lost interest because they were buying everything, and building nothing. I've also seen folks drag massive stashes into a Hobby Shop, expecting the owner to buy them back at retail prices---that's not going to happen. So, when you look at value "on the shelf", don't add up the $$$, look at the pleasure level that stash produces.
VR, Russ
petbat
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Queensland, Australia
Joined: August 06, 2005
KitMaker: 3,092 posts
AeroScale: 61 posts
Posted: Friday, August 16, 2019 - 10:02 AM UTC
I look at what the kits cost then and what they cost now, relative to wage growth. The stash was an investment! Partially due to Aussie dollar fluctuations and partially due to the ridiculously escalating cost of postage.

I buy from a guy in my club that imports some brands and the cost from him is usually less than the cost to get them from Hong Kong. I also buy a lot second hand from guys in my club or at the annual swap meet here, and the cost of a kit and accessories from there is usually less than the cost of the kit brand new on its own.

Even so, my spending now is way down on what I did in the past...
rfbaer
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Texas, United States
Joined: June 12, 2007
KitMaker: 1,839 posts
AeroScale: 0 posts
Posted: Friday, August 16, 2019 - 09:40 AM UTC

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I just looked in my display case where I have my finished kits, and there are 23 finished tank models in there on Friuls, with another 7 or 8 sets in the stash, un-used as of now. Talk about wondering where the money went....



Hey Russ!

Bringing anything good to SuperCon this year?

Richard! Howzit goin?
Ah, PM me the date? I've kind of dropped off the edge down here (Dripping Springs) but would love to try and make it. I imagine I could bring a couple of models.... I miss the DFW bunch.




panzerbob01
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Louisiana, United States
Joined: March 06, 2010
KitMaker: 3,113 posts
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Posted: Friday, August 16, 2019 - 08:51 AM UTC
I'm wholly with you, Gary N.! If having kits makes you happy (and buying them isn't crashing your budget or placing you at real financial risk into your future), go buy them, stash them, and build them if you can and want to do so! And hey, if you leave a stash behind when you go... your heirs can likely get some money out of them, and likely they could do some other folks good even if donated or given away. What's not to like about that?

Consider the alternatives.... Yes, experiences are often cool, and pictures of past adventures perhaps interesting to you and maybe to some few others. But let's be realistic, here.... How much of the money spent flying around, in bars and clubs, drinking by yourself, playing pool, golf, or bunko, or spent at movies and ball-games and restaurants can ever be recovered or enjoyed by your heirs?
redcap
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England - East Midlands, United Kingdom
Joined: November 06, 2005
KitMaker: 734 posts
AeroScale: 296 posts
Posted: Friday, August 16, 2019 - 07:11 AM UTC
I have my lifetime collection stash of plastic along with a large 'Grey Army' of metal and resin figures insured for 30K on the house insurance policy. That said, it is all relative as it is about the same sum as a good mate of mine has just spent on a convertible as a Summer only 'Boy's Toy'.

As the old saying goes - "How can you have too much of something that you never even needed in the first place"...!

Bottom line, if kits make you happy to buy and stash them, well, just buy them and keep the hobby going. After all, if we all just 'bought one,built one, bought one' then the hobby as we know it could not exist; if at all.

Gary
SoftskinFan
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Georgia, United States
Joined: January 30, 2017
KitMaker: 110 posts
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Posted: Friday, August 16, 2019 - 06:48 AM UTC
I get what you are saying, Greg, but there are worse hobbies. With us, we can at least look at the shelves and still have some tangible evidence of where our discretionary dollars went. If gambling is your hobby, you can enjoy the experience at the time, but for most of us, we won't be coming home with too much $$. If you like to travel, again, you get the experience and some pictures. And as someone else said, take up boating, or refinishing a 1:1 car, or even golf. Then you'll be spending some money.

Modeling is my only real hobby, and the most important thing is that I don't spend more than I can afford. If you can do that, I think you're doing OK, no matter how many kits are on the shelves. My own stash is small by most standards, I would think, but I like the larger softskins from Trumpeter, so I have spent a little bit. :-) I don't get into all the extras, though. Mostly because I suck at the PE.
BunkerBuster
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Washington, United States
Joined: March 29, 2017
KitMaker: 157 posts
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Posted: Friday, August 16, 2019 - 06:16 AM UTC
I have many hobbies and model building is the 2nd cheapest behind computer/xbox gaming. I also build/collect firearms and build most of my own furniture. It's best to not ponder how much I've spent on those last two hobbies.
GulfWarrior
Staff MemberCampaigns Administrator
ARMORAMA
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Texas, United States
Joined: January 05, 2010
KitMaker: 954 posts
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Posted: Friday, August 16, 2019 - 06:16 AM UTC

Quoted Text

I just looked in my display case where I have my finished kits, and there are 23 finished tank models in there on Friuls, with another 7 or 8 sets in the stash, un-used as of now. Talk about wondering where the money went....



Hey Russ!

Bringing anything good to SuperCon this year?



rfbaer
_VISITCOMMUNITY
Texas, United States
Joined: June 12, 2007
KitMaker: 1,839 posts
AeroScale: 0 posts
Posted: Friday, August 16, 2019 - 06:14 AM UTC
I just looked in my display case where I have my finished kits, and there are 23 finished tank models in there on Friuls, with another 7 or 8 sets in the stash, un-used as of now. Talk about wondering where the money went....
southpier
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Alberta, Canada
Joined: December 11, 2009
KitMaker: 536 posts
AeroScale: 16 posts
Posted: Friday, August 16, 2019 - 06:12 AM UTC
go buy a winch for your sailboat.

that'll make modeling seem pale by comparison.
GulfWarrior
Staff MemberCampaigns Administrator
ARMORAMA
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Texas, United States
Joined: January 05, 2010
KitMaker: 954 posts
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Posted: Friday, August 16, 2019 - 06:08 AM UTC
I tend to not buy a lot of after market stuff, myself. The paints and glues I consider consumable items so I don't sweat those too much either.

I'm just floored at the cost of kits these days. I got excited this morning when I got an email from Squadron saying that they were running a sale. I have been absolutely jones-ing for the Trumpeter FROG-7 / Luna-M kit. It's still $108...on sale!

I sometimes think I'm in the wrong line of work!




TAFFY3
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New York, United States
Joined: January 21, 2008
KitMaker: 2,518 posts
AeroScale: 38 posts
Posted: Friday, August 16, 2019 - 05:48 AM UTC
I try not to dwell on it, but you can't help but think about the costs. I now spend more for a bottle of paint than I ever used to spend on a whole kit back when I first started. Al
TopSmith
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Washington, United States
Joined: August 09, 2002
KitMaker: 1,662 posts
AeroScale: 14 posts
Posted: Friday, August 16, 2019 - 05:42 AM UTC
I was driving along the other day and was contemplating the cost of the kits in my stash and of the many accessories and paint I have ordered for those kits. If the kits average $50, I am looking at more than $3000. Accessories probably average close to that with Photoetch, metal barrels, aftermarket track, and paint. Humm... That is a lot of cash sitting on the shelf. Careful what you ponder.