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Using our price guide is simple. Simply click on the pattern name you would like prices for. The pattern photo with price will then appear to the left of the search result box (you must Sign Up to see price results). Another added value to this page is the check boxes. Simply check the box for the products you already have in your collection. Then click the add to inventory button. It will automatically insert the items selected into your personal inventory. Your personal inventory is found in your profile section of this website. You must Sign Up before you can access and set up your profile.
In speaking with numerous collectors and resellers of Hummel over the past few years, it is clear many are unhappy with the methods used to establish values. Most of the people we have talked to feel pricing is too arbitrary, and does not take into consideration ongoing changes in the real world market. Current technology has allowed our staff of professionals to collect a full spectrum of prices from many different price sets throughout the collectible market; meaning realized pricing for retail, auction and online sales.
It is our opinion, and we believe, it is important to keep in mind, most prices simply reflect the state of the economy and do not, and should not, reflect on the true value of the collectable. Just because the economy is down does not mean the value of a collectable is down, it simply means you can buy it for less. And no matter what the state of the economy, we all know the true value of an item is, quite simply based on rarity, authenticity, quality, color, artist and investment potential. In this price guide we provide you with the most current and accurate pricing possible, based on what Hummel is currently selling for, not necessarily the true value of the collectible.
No doubt there are as many ideas on pricing as there are the number of people we spoke with. In our efforts to develop an accurate pricing structure for our price guides we quickly became aware the only way we could accomplish this would be to accurately take into consideration all aspects of buying patterns, not only of the past, but the present as well.
It is clear what the collectors are willing to pay and what the resellers are willing to pay is based on two different criteria. Collectors consider; authenticity, rarity, quality, color, artist and investment. Resellers consider much of the same things along with two other components; current market conditions and state of the economy. All of this is what makes establishing a single price so difficult. And we have factors today that were not present when many of us started collecting. The primary factor being online retailers who have begun to cut prices do to the lack of overhead. An interesting fact we have found in collecting data for this price guide is a large number of the items sold online are the more common, less expensive pieces. The rare pieces are still primarily bought through traditional retailers and auctions where they can see it, examine it and know exactly what they are investing in. We believe this tells us the effect online sales have on traditional retail sales are not as much as one may think. One advantage to online resellers is they have made collectables more accessible to a much wider audience. They also allow new collectors to enter the market at a level they can afford.
Yet, there are realistic fears online sales could have an adverse effect on the values in the collectable market. Whether we like it or not, we have to realize the profound impact online retailers have and will continue to have on the collectable market. With estimates of more than 1,800,000 online sellers in the U.S. and more than 2,000,000 worldwide, we cannot entirely ignore or exclude any reputable seller from our Price Guides. Having said that, we do believe 2 things; 1) including unreasonably low prices generated from selling fakes and or inferior quality pieces will only have an adverse effect on the true values in the collectable market and must be taken into consideration. 2) Any shipping and handling cost must be factored in as a part of the overall price of an online item.
We also believe as a responsible publisher of price guides Greystone Publishing has a responsibility to protect the integrity of the collectable i.e., the manufacturer, its history and most importantly the artistic worth and rarity of each piece. With this in mind the following is an example of how we will determine the price you will see in the Price Guide section of our website:
Our staff of professionals gathers and analyzes over 20,000 Hummel prices per month. We look at what a particular piece of Hummel is selling for in each of three categories. They are retail, auction and online prices. In our price guide we will show the high, medium and low prices from each of these price sets. As an example we will use the retail price set; of the gathered prices in this category, if the high price is $390.00 for a particular item then that will be the high price. We will then average all other prices gathered to come up with the average price, let's say $220.00, we then filter the lows (the filtered low will drop any lows that are below two thirds of the average price of ALL prices gathered in this price set. So in this case any price below $163.00 would be excluded as a low). Now let's say the filtered low is 178.00. We then re-average all prices left, giving us a final average price of $236.00. The prices appearing in the price guide under retail will be High - $390.00, Medium - $236.00, Low - $178.00. The same process will use in each of the other two price sets. Once again, this does not show what the true value of this collectable is; it simply shows what it is selling for at this time in history.
Again, at the end of the day, the REAL VALUE of any collectable is what you are willing to pay for it or what it would take to get you to sell it. All of which is based on rarity, authenticity, quality, color, artist and investment potential. Everything else is just information.