R9257 Spencer

[Big Gordon]

Deltic_chaser said:

Any news on when Spencer is going to be with us?

I have on pre-ordered and was told the end of May - but seeing as how long we had to wait for Murdoch after the announced date I am not holding my breath.

[The son of Triangman]

order as many as you can, they will fetch silly cash on a certain online auction site in a couple of years.

[Shadow.Monk]

Hornby told me at first that release date was May 7th, and then last week they said end of june :(

[Shadow.Monk]

I went to a local model shop this morning and purchased a Hornby Henry (yay!)

I also asked about Spencer, I got told that Hornby should get them in stock on June the 25th, which is a shame as I was first told May 7th and I was quite excited for

that date ;(

[Moomintroll]

It is Hornby after all! I remember the wait for Murdoch, Q2 quickly beame Q4.. In the history of time, does anyone know a single release date they actually hit?

I guess a delayed model is better than no model though!

[Shadow.Monk]

There is a second hand Spencer on Ebay from someone in the US currently with 2 days left, it has reached over the £100 mark.

[The son of Triangman]

Yep, even the re-release will make money. Collectors will be seeking the first issues if they can get them, prices are bound to stay bouyant.

[the.bloke.in.the.windmill]

now i said this a little while ago about a first edition spencer and a new release. As i own a first edition , mint and never even run, i was wondering what it would do to the value of my first edition. the general view was that my first edition would

hit the bottom but it seems people are thinking along the same lines as me. for the benefit of the tape i will be purchasing both the new spencer and his coaches.

[Moomintroll]

If you look at the fuller picture it's slightly different. Spencer was selling for over £200 pre-anouncment and having sold a few myself at this silly price, I can tell you he reached £200 within a day of going on-line. Now he is trading at a much more

modest premium over list price and should for the following reason. If you want a Spencer, then their is no guarentee that Hornby will actually get this model on the shelves (They seem to be canceling a lot on 2012 line-up) so buying one from EBay derisks

the purchase and that costs. That said it only takes 2 people who don't realise the new one is coming out to bid up the price to silly levels.

[Deltic_chaser]

Hope spencer does come out...got him preordered(and not sure wether to get 2)Is Murdoch worth getting?I've never heard of him to be honest ,but looks a decent engine.

[Ben.loves.hornby.]

Spencer is coming back guys!
It was announced earlier on this year,
He will be out sometime around June July

[the.bloke.in.the.windmill]

Moomintroll said:

If you look at the fuller picture it's slightly different. Spencer was selling for over £200 pre-anouncment and having sold a few myself at this silly price, I can tell you he reached £200 within a day of going on-line.

Now he is trading at a much more modest premium over list price and should for the following reason. If you want a Spencer, then their is no guarentee that Hornby will actually get this model on the shelves (They seem to be canceling a lot on 2012 line-up)

so buying one from EBay derisks the purchase and that costs. That said it only takes 2 people who don't realise the new one is coming out to bid up the price to silly levels.

I think hornby will release spencer but i also think second quarter

will turn into 3rd, maybe even 4th quarter. my thinking behind this is that he has been long anticipated to return and will be high on christmas lists. to be honest i would have like to have seen them put their efforts into bringing out a new character, something

like daisy. also if you look at this years releases i help but think they are aimed at the collector rather than the layout enthusiast.

[The son of Triangman]

Spencer will fetch good money even the re-issue. It's a highly collectable model.

[The son of Triangman]

Don't wait for prices for s/h Spencer's to come down, they won't, grab a new model whilst it's there.

[Moomintroll]

I'm not sure if you missing this, but the prices for Spencer have already collapsed! The last 4 spencers on EBay went for: £110, £51.05, £77 and £124.25. Prior to the anouncment of new Spencer they were selling for in exces of £220.

Maybe we can

finally put this to bed, The only way Spencer is going to be worth Silly money in the near future is if Hornby cancle the model.

[Moomintroll]

Oh and the one for £110 was DCC fitted so only one person out of the last 4 has turned a profit on their Spencer The rest took a loss.

[The son of Triangman]

A Spencer sold at a local toy and train fair last weekend for £280, no collapse in prices that I can see Moomintroll. Prices outside of EBay are still very boyant.

[Moomintroll]

I doubt I will ever convince you of how market price discovery works as I suspect your long one or two spencers and thinking your sitting on a fortune but either way the market has collapsed.

We have two sources of data, Ebay, the largest auction

site in the world, a site which is available to the entire WWW and in terms of price discovery is very transparent. I.e. you do a search for finished auctions and it shows you the price they traded for and when.
Then we have some guy told another guy that

his mate sold a Spencer in a local fair attended by a few hundred people for £280. It migth be in said fair the spencer changed hands, it might be it even changed hands for £280, equally it could have changed hands for less than £80. The problem is Humans

exagerate, make up stories to impress their friends and down the pub, telling your mates you got hosed on the Spencer sale is not as apealing as telling them you made a fortune. Ebay does not have this problem as the site had no bias or mates to impress

[Deltic_chaser]

The son of Triangman said:

A Spencer sold at a local toy and train fair last weekend for £280, no collapse in prices that I can see Moomintroll. Prices outside of EBay are still very boyant.

I'd really like spencer for my collection.....but

£280,i'll avoid devorce and wait for the second coming!

[the.bloke.in.the.windmill]

Moomintroll said:

I doubt I will ever convince you of how market price discovery works as I suspect your long one or two spencers and thinking your sitting on a fortune but either way the market has collapsed.

We have two sources of

data, Ebay, the largest auction site in the world, a site which is available to the entire WWW and in terms of price discovery is very transparent. I.e. you do a search for finished auctions and it shows you the price they traded for and when.
Then we

have some guy told another guy that his mate sold a Spencer in a local fair attended by a few hundred people for £280. It migth be in said fair the spencer changed hands, it might be it even changed hands for £280, equally it could have changed hands for less

than £80. The problem is Humans exagerate, make up stories to impress their friends and down the pub, telling your mates you got hosed on the Spencer sale is not as apealing as telling them you made a fortune. Ebay does not have this problem as the site had

no bias or mates to impress

I have to say, begrudgingly i might add, that i agree with you on the drop in spencer worth (only because i have first edition :) ). it will drop because only collectors will be interested whilst the people who want

to run them on a layout will wait for the second release to come along. what i would really like to find the answer to here is just how many of the first lot were produced to make them so rare?

[walkingthedog]

Does it really matter what they're worth. Are you buying the models as an investment, because you'll lose out if you are?
I used to collect Matchbox Models of Yesteryear. I had some very rare limited editions. When I decided to get rid of them all because

I didn't want them anymore, I got £10 for a box of twelve.
The limited editions cost about a tenner fifteen years before.

[The son of Triangman]

Have to disagree Moonmin, Ebay prices aren't as a reliable guide as you think. I am a retailer in model railways myself so know the market inside out, things can go for silly money on eBay one day, then fetch peanuts the next, it all depends on who is

bidding on the day. It's not a reliable source for real world pricing as it can be so variable, you have to say well it fetched so and so on such and such a day, not this is what it is worth.

As for the Spencer that sold, I was actually there when

a guy next to me bought if off the trader, carn't get better than that. That sort of price on the fairs for a mint clean first issue Spencer isn't unusual. Train fair prices tend to be more accurate as they usually reflect the market and indeed the Ramsay's

price guide as a rule, there will always be exceptions of course.

Moving on, I have to agree with WTD, buying models as an investment isn't a good idea as a rule.

[The son of Triangman]

Prices outside of EBay aren't dropping guys and at present are holding steady.

[walkingthedog]

I bought a Corgi diecast aircraft for a really low price a short while ago, the next day the same model went for about 7 times the price I paid. Luck of the draw I guess.

[The son of Triangman]

Classic example of how variable EBay can be, put some original Tri-ang BR late totem transfers up the other day they fetched £16 odd for a pair, the week before they made £5 for the same product, so online auctions aren't a stable price guide.