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Post by Artie Kendall on Sept 2, 2022 20:08:25 GMT -5
Didn't say they should have changed the packaging of the set, only that they should have shipped Macho Man at the same TIME. Shouldn't have an at least multiple week delay between pieces of the set being shipped. Regardless of how people want to view the resale market, it's going to have a negative impact on the next project when the profit margin isn't as high as was expected. It may not surprising, but it's troubling for the long term viability of WWE projects. The resale returns and the shipping problems don't bode well for Mattel's next crowdfund, particularly if they announce it sometime soon when these issues are fresh in the minds of the previous backers. Especially if the next set has a higher price too. This is what I said about this back in April: With that, my big fear for the wrestling figure community is that a lot, and I mean A LOT, of the people that backed the New Gen set were getting it to sell most if not all of the set. Once they (by they in this instance I mean people that bought sets for the full purpose to sale as an entire set and not break it up) will eventually see that people are just not willing to pay $300-$500 for the set, and thereby they won't back the next big ticket item that Mattel decides to put on Creations for backing and kills off Creations crowd funding. Average wrestling fans are middle to lower income households. No way they were going to drop the crazy amounts of money people were talking about this set was going to go for. |
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hb2k4life
Superstar
Joined on: Jan 21, 2011 3:15:31 GMT -5
Posts: 968
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Post by hb2k4life on Sept 2, 2022 21:07:15 GMT -5
A few longer thoughts on Mattel and the future of their crowdfunding (for reference, I backed multiple and have received all of them - it's a shame so many of you are still waiting to get yours): 1. The continued dropping of the resell price is troubling (for everyone) long term. While good for those that missed out, it's going to make anyone who bought to resell reluctant to back anything wrestling related in the future. Clearly, there is saturation of the market (as to be expected in the early stages of the product being shipped out) but to a much greater extent than anticipated. For those happy to see resale prices dropping be careful what you wish for because... 2. It's a double edged sword, without the bulk backers, there's definitely no ring skirts and 60/40 on whether Doink would have been made. So while this is good in the short term for collectors and those who want this specific item, it's going to be rough when the next crowdfund is announced and it is likely more expensive. No one is going to be backing ten or more of the next set when they can't double their money on this one (after over a year of waiting for delivery) and that means it's going to be more challenging for the next set to hit all of the tiers. 3. Mattel has handled the shipping poorly - look at all the people who haven't gotten theirs yet while others have gotten multiples. It's terrible for those who really, truly want this item and went to the trouble of figuring out ways to make payments on it just to get one for their own collection. Shipping it in a clearly labeled box is a terrible call as well, there's no excuse for not shipping these in a plain brown box. They will likely correct this next time but at a higher shipping cost to the consumer. 4. Not including Macho Man at the same time as the rest of the set is completely inexcusable. Anyone selling on eBay is ripe for the "item not as described" reason for a return. It also serves to depress initial resale prices as we're currently seeing because there's going to be a chunk of the buyers who want to wait for Macho Man before buying anything else to get a truly full set (which also makes it even more clear that Macho Man is the reason this set was funded). Overall, the set is well done and (in my opinion) turned out great. It's just unfortunate that it hasn't been as popular on initial resale as many expected and that Mattel made some terrible decisions in their manufacturing (Macho Man shipping separately) and distribution (likely more a FedEx issue, but still on Mattel). It doesn't bode well for the sales of the next crowdfund, which is unfortunate for all of us that enjoy this set and want to have more to enjoy too. Good opinions. I disagree about being troubled about the resell price dropping. This was expected once everyone started to get these and flood the market. Meanwhile, those people buying this product 2nd hand are most likely opening it up. This will be back to the $700 range moc with Macho included in a year and half. Remember, everytime someone opens theirs, it is one less moc case when only 8k are in existence. In 4 years you can chop that moc number in half again and so on. This is mattel WWE FIRST EVER crowd fund. That will always be a HUGE deal for collectors down the line. I bought extra and knew I was in it for the long haul when and if I sell. I can wait till 2027 to make my profit (I hope) |
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crush
Main Eventer
WF 10+ Year Member
Yes, i know it's weird...
Joined on: Mar 8, 2012 16:07:14 GMT -5
Posts: 4,720
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Post by crush on Sept 2, 2022 21:32:03 GMT -5
A few longer thoughts on Mattel and the future of their crowdfunding (for reference, I backed multiple and have received all of them - it's a shame so many of you are still waiting to get yours): 1. The continued dropping of the resell price is troubling (for everyone) long term. While good for those that missed out, it's going to make anyone who bought to resell reluctant to back anything wrestling related in the future. Clearly, there is saturation of the market (as to be expected in the early stages of the product being shipped out) but to a much greater extent than anticipated. For those happy to see resale prices dropping be careful what you wish for because... 2. It's a double edged sword, without the bulk backers, there's definitely no ring skirts and 60/40 on whether Doink would have been made. So while this is good in the short term for collectors and those who want this specific item, it's going to be rough when the next crowdfund is announced and it is likely more expensive. No one is going to be backing ten or more of the next set when they can't double their money on this one (after over a year of waiting for delivery) and that means it's going to be more challenging for the next set to hit all of the tiers. 3. Mattel has handled the shipping poorly - look at all the people who haven't gotten theirs yet while others have gotten multiples. It's terrible for those who really, truly want this item and went to the trouble of figuring out ways to make payments on it just to get one for their own collection. Shipping it in a clearly labeled box is a terrible call as well, there's no excuse for not shipping these in a plain brown box. They will likely correct this next time but at a higher shipping cost to the consumer. 4. Not including Macho Man at the same time as the rest of the set is completely inexcusable. Anyone selling on eBay is ripe for the "item not as described" reason for a return. It also serves to depress initial resale prices as we're currently seeing because there's going to be a chunk of the buyers who want to wait for Macho Man before buying anything else to get a truly full set (which also makes it even more clear that Macho Man is the reason this set was funded). Overall, the set is well done and (in my opinion) turned out great. It's just unfortunate that it hasn't been as popular on initial resale as many expected and that Mattel made some terrible decisions in their manufacturing (Macho Man shipping separately) and distribution (likely more a FedEx issue, but still on Mattel). It doesn't bode well for the sales of the next crowdfund, which is unfortunate for all of us that enjoy this set and want to have more to enjoy too. Good opinions. I disagree about being troubled about the resell price dropping. This was expected once everyone started to get these and flood the market. Meanwhile, those people buying this product 2nd hand are most likely opening it up. This will be back to the $700 range moc with Macho included in a year and half. Remember, everytime someone opens theirs, it is one less moc case when only 8k are in existence. In 4 years you can chop that moc number in half again and so on. This is mattel WWE FIRST EVER crowd fund. That will always be a HUGE deal for collectors down the line. I bought extra and knew I was in it for the long haul when and if I sell. I can wait till 2027 to make my profit (I hope) This. The resale for this was ALWAYS going to go the same way (as anyone paying attention noted). The first sales would be high, then as the market “flooded” prices would drop. In a year, the full set will be in the $700-$800 range, especially since so many will have been opened split up. As far as individual prices ago, IMO the stage will be at about $200, Diesel $150, Doink over $200, Macho probably over $250. The ring is the one piece I don’t have an individual feel for. Will likely depend on how/when/what the next ring is. |
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Post by aglassbottlecocacola on Sept 2, 2022 22:26:52 GMT -5
Didn't say they should have changed the packaging of the set, only that they should have shipped Macho Man at the same TIME. Shouldn't have an at least multiple week delay between pieces of the set being shipped. Regardless of how people want to view the resale market, it's going to have a negative impact on the next project when the profit margin isn't as high as was expected. It may not surprising, but it's troubling for the long term viability of WWE projects. The resale returns and the shipping problems don't bode well for Mattel's next crowdfund, particularly if they announce it sometime soon when these issues are fresh in the minds of the previous backers. Especially if the next set has a higher price too. This is what I said about this back in April: With that, my big fear for the wrestling figure community is that a lot, and I mean A LOT, of the people that backed the New Gen set were getting it to sell most if not all of the set. Once they (by they in this instance I mean people that bought sets for the full purpose to sale as an entire set and not break it up) will eventually see that people are just not willing to pay $300-$500 for the set, and thereby they won't back the next big ticket item that Mattel decides to put on Creations for backing and kills off Creations crowd funding. Average wrestling fans are middle to lower income households. No way they were going to drop the crazy amounts of money people were talking about this set was going to go for. You were right then and you're right now. Unfortunately, most here aren't looking at the bigger picture. A year or two down the road the value will be higher than it is today for this set, yes, but there is a significant portion of the sets that were purchased by the resellers you alluded to, who are looking to flip in weeks, not years. Those resellers are the ones who are unlikely to back the next set to the same degree if it is announced in the next month or two and resale prices are still relatively low (under $500) at that point. Given the expectation that set will be more expensive, Mattel's poor handling of the current shipments, Macho Man not shipping with the main set, and the lower profits, it's hard to see the next set selling the same number of units, and it might not meet all the tiers that this one did. If the New Generation Arena set sold 10% fewer units, the ring skirts don't get made. 20% fewer and there's no Doink. The resellers likely made up at least 20% of the total sales (likely more). The average wrestling fans you mentioned are less likely to spend $300 this year than they were $250 last year too. The backers who (as of today) still haven't gotten their sets are also more likely to think twice about buying as many (if any) of the next set. Mattel will likely regret not having the next set ready to preorder at Comic Con too. The funding for that would have closed by now (prior to many of the shipping problems coming to light) and they likely would have had more excitement from backers then than they will going forward given how things have unfolded in the past month. Highly likely the issues with the current set will impact the sales of the next one. |
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Post by legendsguy on Sept 2, 2022 22:40:17 GMT -5
i do see macho man on my order history now. i havent looked at tht since the arena arrived.
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mperiolat
Mid-Carder
Joined on: Nov 22, 2017 22:16:28 GMT -5
Posts: 352
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Post by mperiolat on Sept 2, 2022 22:59:10 GMT -5
Anyone else get another FedEx notification? Must be Macho time! Not from Mattel, but from FedEx. Something has shipped from Mattel and should be here by Wednesday. However… I did just order the new Retro bundle from Mattel, so… maybe that? I just don’t know which. |
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atm06
Superstar
Joined on: Dec 28, 2011 0:46:32 GMT -5
Posts: 627
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Post by atm06 on Sept 2, 2022 23:09:33 GMT -5
Anyone else get another FedEx notification? Must be Macho time! Not from Mattel, but from FedEx. Something has shipped from Mattel and should be here by Wednesday. However… I did just order the new Retro bundle from Mattel, so… maybe that? I just don’t know which. Good call on the retros, that’s probably it |
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berealnicknaro
Mid-Carder
Joined on: Dec 16, 2018 10:48:10 GMT -5
Posts: 258
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Post by berealnicknaro on Sept 2, 2022 23:41:58 GMT -5
This is what I said about this back in April: Average wrestling fans are middle to lower income households. No way they were going to drop the crazy amounts of money people were talking about this set was going to go for. You were right then and you're right now. Unfortunately, most here aren't looking at the bigger picture. A year or two down the road the value will be higher than it is today for this set, yes, but there is a significant portion of the sets that were purchased by the resellers you alluded to, who are looking to flip in weeks, not years. Those resellers are the ones who are unlikely to back the next set to the same degree if it is announced in the next month or two and resale prices are still relatively low (under $500) at that point. Given the expectation that set will be more expensive, Mattel's poor handling of the current shipments, Macho Man not shipping with the main set, and the lower profits, it's hard to see the next set selling the same number of units, and it might not meet all the tiers that this one did. If the New Generation Arena set sold 10% fewer units, the ring skirts don't get made. 20% fewer and there's no Doink. The resellers likely made up at least 20% of the total sales (likely more). The average wrestling fans you mentioned are less likely to spend $300 this year than they were $250 last year too. The backers who (as of today) still haven't gotten their sets are also more likely to think twice about buying as many (if any) of the next set. Mattel will likely regret not having the next set ready to preorder at Comic Con too. The funding for that would have closed by now (prior to many of the shipping problems coming to light) and they likely would have had more excitement from backers then than they will going forward given how things have unfolded in the past month. Highly likely the issues with the current set will impact the sales of the next one. So what’s the implication here? People should purposefully pay higher prices to resellers so they can feel better? |
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jacobl18
Superstar
Joined on: Jan 9, 2016 5:04:55 GMT -5
Posts: 552
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Post by jacobl18 on Sept 3, 2022 1:59:02 GMT -5
These things have been out for what 2 weeks of course the secondary market is going to be flooded with these right now as expected. Give it time and the prices will settle at a higher rate.
One thing I will say that was completely dumb on Mattel’s part that might stop resellers from buying the next one is not taping the UE figures shut. There’s no way to know which figures are MOC now and that’s a big turn off to resellers.
So now all 8000 UE figures are the same. There is no MOC or Loose figures and that will drive the value down.
Mattel needs to accept the fact that rare valuable figures are important to some consumers. I only collect MOC and I feel misled because these figures are not sealed with tape. If one day I decide to sell mine the the buyer will have no way of knowing if the figure is moc or not which will drive the value down.
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Post by therealworldchampion on Sept 3, 2022 2:25:44 GMT -5
Just picked up the arena complete from OfferUp locally for 340. Assembled it and man I couldn't be happier.
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Post by therealworldchampion on Sept 3, 2022 2:27:10 GMT -5
These things have been out for what 2 weeks of course the secondary market is going to be flooded with these right now as expected. Give it time and the prices will settle at a higher rate. One thing I will say that was completely dumb on Mattel’s part that might stop resellers from buying the next one is not taping the UE figures shut. There’s no way to know which figures are MOC now and that’s a big turn off to resellers. So now all 8000 UE figures are the same. There is no MOC or Loose figures and that will drive the value down. Mattel needs to accept the fact that rare valuable figures are important to some consumers. I only collect MOC and I feel misled because these figures are not sealed with tape. If one day I decide to sell mine the the buyer will have no way of knowing if the figure is moc or not which will drive the value down. At least doink has his ankles tied down. Diesel however there's no telling. |
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Post by aglassbottlecocacola on Sept 3, 2022 3:13:19 GMT -5
You were right then and you're right now. Unfortunately, most here aren't looking at the bigger picture. A year or two down the road the value will be higher than it is today for this set, yes, but there is a significant portion of the sets that were purchased by the resellers you alluded to, who are looking to flip in weeks, not years. Those resellers are the ones who are unlikely to back the next set to the same degree if it is announced in the next month or two and resale prices are still relatively low (under $500) at that point. Given the expectation that set will be more expensive, Mattel's poor handling of the current shipments, Macho Man not shipping with the main set, and the lower profits, it's hard to see the next set selling the same number of units, and it might not meet all the tiers that this one did. If the New Generation Arena set sold 10% fewer units, the ring skirts don't get made. 20% fewer and there's no Doink. The resellers likely made up at least 20% of the total sales (likely more). The average wrestling fans you mentioned are less likely to spend $300 this year than they were $250 last year too. The backers who (as of today) still haven't gotten their sets are also more likely to think twice about buying as many (if any) of the next set. Mattel will likely regret not having the next set ready to preorder at Comic Con too. The funding for that would have closed by now (prior to many of the shipping problems coming to light) and they likely would have had more excitement from backers then than they will going forward given how things have unfolded in the past month. Highly likely the issues with the current set will impact the sales of the next one. So what’s the implication here? People should purposefully pay higher prices to resellers so they can feel better? No. Future crowdfunds will be negatively impacted by resellers' inability to turn a quick profit on this one. Mattel's difficulty with the shipping, processing, and the delayed announcing of the next set will further compound the problem (frustrated buyers who haven't yet gotten their sets perhaps choosing not to purchase the next one). For all the tiers, this project only met 106% of it's goal, whereas Galactus (140%), Proton Pack (127%), Cobra H.I.S.S. (167%), Victory Saber (131%), and Sentinel (137%) all exceeded their tiers to a much larger degree and with much larger overall volume (and many at higher price points). Like it or not, Mattel needs resellers buying the product to insure it gets funded. How this one has gone makes it less likely that group will purchase as many of the next one. |
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Post by aggressiveperfector on Sept 3, 2022 3:24:10 GMT -5
Welp, I finally got my tracking number AND a tracking number for my Macho.
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wwejunior
Mid-Carder
Joined on: Apr 12, 2003 8:00:47 GMT -5
Posts: 441
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Post by wwejunior on Sept 3, 2022 3:52:53 GMT -5
Yikes...£63 customs fee for me! I'll probably have another one to pay when my second one comes...am I the first UK person to get theirs?
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Brother Brother
Mid-Carder
Joined on: Jul 26, 2021 10:31:49 GMT -5
Posts: 172
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Post by Brother Brother on Sept 3, 2022 4:28:55 GMT -5
There is a perfect fitting cornette quote for the resellers helped us getting this funded and it starts with a thank you.
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pablo86
Mid-Carder
Joined on: Sept 6, 2017 12:12:39 GMT -5
Posts: 116 
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Post by pablo86 on Sept 3, 2022 4:39:04 GMT -5
Yikes...£63 customs fee for me! I'll probably have another one to pay when my second one comes...am I the first UK person to get theirs? On the tracking, mines says it's being held at the depot but I've had no official contact telling me where that is or how much to pay. Did you get an email or text? |
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wwejunior
Mid-Carder
Joined on: Apr 12, 2003 8:00:47 GMT -5
Posts: 441
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Post by wwejunior on Sept 3, 2022 5:32:34 GMT -5
Yikes...£63 customs fee for me! I'll probably have another one to pay when my second one comes...am I the first UK person to get theirs? On the tracking, mines says it's being held at the depot but I've had no official contact telling me where that is or how much to pay. Did you get an email or text? So I just showed up at the depot and asked if they'd go look for it, they weren't going to until I mentioned that I think there is a customs fee to pay, then they went looking and got it. It really is awesome to finally have it in hand! |
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Post by muuk76 on Sept 3, 2022 5:39:40 GMT -5
Yikes...£63 customs fee for me! I'll probably have another one to pay when my second one comes...am I the first UK person to get theirs? Can you tell me how you were notified about the charge, was it a letter and did it breakdown the charge etc ?. |
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Warriah'
Main Eventer
Joined on: Dec 22, 2019 19:46:02 GMT -5
Posts: 3,261
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Post by Warriah' on Sept 3, 2022 5:45:23 GMT -5
Yikes...£63 customs fee for me! I'll probably have another one to pay when my second one comes...am I the first UK person to get theirs? There’s someone on eBay who has one in hand. 63 is more than I expected though damn. |
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berealnicknaro
Mid-Carder
Joined on: Dec 16, 2018 10:48:10 GMT -5
Posts: 258
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Post by berealnicknaro on Sept 3, 2022 5:53:58 GMT -5
So what’s the implication here? People should purposefully pay higher prices to resellers so they can feel better? No. Future crowdfunds will be negatively impacted by resellers' inability to turn a quick profit on this one. Mattel's difficulty with the shipping, processing, and the delayed announcing of the next set will further compound the problem (frustrated buyers who haven't yet gotten their sets perhaps choosing not to purchase the next one). For all the tiers, this project only met 106% of it's goal, whereas Galactus (140%), Proton Pack (127%), Cobra H.I.S.S. (167%), Victory Saber (131%), and Sentinel (137%) all exceeded their tiers to a much larger degree and with much larger overall volume (and many at higher price points). Like it or not, Mattel needs resellers buying the product to insure it gets funded. How this one has gone makes it less likely that group will purchase as many of the next one. You say “no”, but what’s the solution then? I get everybody’s frustration in seeing other people receive items before you, but this is exactly how every action figure Kickstarter/ crowdfund has gone since they started. In fact, this might be the only crowdfund I can think of with no significant delay at all. Mattel doesn’t have a problem with the shipping process, it’s the customers who do because they can’t fathom the logistics of it and think 8000 giant boxes can be shipped in one day. If people have a problem with how this crowd find has gone, I highly recommend never doing one again ever, because this went as smoothly as it could ever go. |
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