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Post by adamgarfinkle on Feb 23, 2021 19:00:19 GMT
Scott prices for post-1950 NZ (and Pitcairn) have fallen pretty sharply compared with say, 2013. One may expect prices reductions for newer, cheaper items, for all the reasons we know; but here the downmarking is notably precipitous, even compared to Australia. Anybody have an idea why this is, please?
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DK
Member 
Posts: 1,532
What I collect: Classic NZ, Closed NZ Post Offices, New Zealand Postal History, Classic Br. Empire, Pacific Islands, France
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Post by DK on Feb 23, 2021 22:40:18 GMT
Hi Adam I don't buy anything modern (QE2 on) so don't really follow anything from that period. However, logic (to me anyways) would tell me that supply and demand is in play here - as well as some market knowledge. If prices are dropping then there is a lot of supply and very little (if any) demand. From my knowledge of the market currently, the demand is in Classic material, in top condition. There is plenty of money out there, Baby Boomers retiring etc, so that is not the problem. Most people only collect one of each stamp. Specialists have thousands of the same one (like me!). That is where I spend my money and I am sure many of the remaining stamp collectors do likewise. That being said, there does seem to be a movement towards some aspects of modern collecting. Commercial use on cover for example. Printing errors, perforating errors likewise. But simplified catalogues don't cater to that kind of collector. They deal with the simplest of detail. The common basic value of the commonest variety. And in modern stamps there is very little demand. Hence dropping prices from the heady heights of years gone by. Market reality really :-) Dave NB Australia and New Zealand are completely different markets (very different countries too thank goodness). A picture to add some interest :-) 1995 Mt Cook Definitive  |
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Post by adamgarfinkle on Mar 19, 2021 19:52:07 GMT
Yes, well what you say is all true and fairly obvious to most of us, I think. But it doesn't explain why cheap stuff for, say, Zambia and Lesotho would drop 18-20% over 5-6 years and NZ cheap stuff would drop 30-40% in the same period. In that case I'd say supply-demand ratios, being pretty much the same, don't explain the variance. My guess, and that's all it is, is that Scott, which is a publisher and not a dealer, only gets around to correcting past enthusiasms on a periodic basis.
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