Sometimes that study of Economics pays dividends…
Some of the premises to establish a solid value (for hobbyDB, our Estimated Value) are the following –
- Many buyers and sellers
- Standardized products
- Independent buyers and sellers
- Well-informed buyers and sellers
As our plan to improve the quality of our Estimated Values some of the Price Squad members have added 1,000s of prices from other sources including StockX. This included this sale –
Looks good until you realized that this rare Funko Pop normally sells well above $1,000. Here the last 4 sales documented –
While StockX transactions get verified (the seller ships the item to one of StockX locations where it gets checked by an expert, repacked, and send to the buyer) we assume that it is highly likely that the seller in this case was NOT well-informed (and that one buyer got very lucky indeed). This makes this transaction not suitable to be used for the calculation of our Estimated Value. We therefore decided to remove this Price Point – a decision absolutely not taken lightly (we love to give as much data as possible) but in the interest of a fair representation of values.
Comments as always very welcome!