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KR Models announce the Consett Iron Ore Wagon


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On 07/01/2021 at 20:27, adb968008 said:

... that the traditional model bubble is set to burst, taking the value of many personal collections with it.

 So you buy models as an investment - or at least for resale?

 

I buy them because I want to run them - I couldn't give a tinker's cuss what they'll sell for when I'm gone.

 

Regards,

John Isherwood.

Edited by cctransuk
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1 hour ago, cctransuk said:

 So you bay models as an investment - or at least for resale?

 

I buy them because I want to run them - I couldn't give a tinker's cuss what they'll sell for when I'm gone.

 

Regards,

John Isherwood.

 

I buy them to run, though I have far more locos than any of my layouts really need.

 

I do care about what they sell for when I'm gone as that is Mr Simon's and his sister's inheritence, or part of it.

 

Perhaps you don't have children to leave the proceeds to? 

 

Les

 

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7 hours ago, Darius43 said:

 

I think you will find, M’Lud, that Accurascale produces only British prototypes of which the HUO, PFA and PTA wagons have been issued to great acclaim.  The Irish models are produced, surprisingly, by Irish Railway Models.

 

They are of course the same company.

 

Cheers

 

Darius 

I’m guilty of vagueness and depending too much on context. I should have made clear that I meant locos.

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2 hours ago, cctransuk said:

 So you bay models as an investment - or at least for resale?

 

I buy them because I want to run them - I couldn't give a tinker's cuss what they'll sell for when I'm gone.

 

Regards,

John Isherwood.

Ive been in the hobby too many years to believe anything is a good investment.

 

However

 

I have been in the hobby enough years to know not to throw anything away either.

 

I buy, I do whatever I like, which can include disposal, dismantling or just plain practicing.


My wife knows what my collection is worth, to the item. I doubt she will play with it when I’m gone.

 

 

 

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10 hours ago, Les1952 said:

 

I buy them to run, though I have far more locos than any of my layouts really need.

 

I do care about what they sell for when I'm gone as that is Mr Simon's and his sister's inheritence, or part of it.

 

Perhaps you don't have children to leave the proceeds to? 

 

Les

 

 

I most certainly do - but I doubt that they will have the time or inclination to sell my collection in a way that will realise its true worth. A quick call to Hattons, and take what they offer, I suspect.

 

It is a mistake to regard one's collection as an investment; enjoy it, but do not console yourself that it can be easily converted to ready money by those who follow on.

 

John Isherwood.

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9 hours ago, adb968008 said:

Ive been in the hobby too many years to believe anything is a good investment.

 

However

 

I have been in the hobby enough years to know not to throw anything away either.

 

I buy, I do whatever I like, which can include disposal, dismantling or just plain practicing.


My wife knows what my collection is worth, to the item. I doubt she will play with it when I’m gone.

 

 

 

 

What a collection is worth 'in theory' is one thing; being prepared to sell and despatch it, item-by-item so as to realise it's 'true worth', is an entirely different scenario.

 

..... and first find the buyer who agrees with your valuation!

 

John Isherwood.

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1 hour ago, cctransuk said:

 

What a collection is worth 'in theory' is one thing; being prepared to sell and despatch it, item-by-item so as to realise it's 'true worth', is an entirely different scenario.

 

..... and first find the buyer who agrees with your valuation!

 

John Isherwood.

As a long time inhabitant of auction sales, including those selling model railway items there is a very simple truism - something is only worth what it will fetch on the day (if the sale).  I have watched considerable price swing for various things over the years as they have gone in and out of fashion - yes there really are fashions in model railway buying, and they change over time.  

 

Buying for investment in model railway terms is very often a fools errand although there one or two things which hold their price - and it's not about value, it's about price.  And price is influenced by current fasjhion, rarity, and - above all - condition of the item being sold.   Whatever it appears like when it arrives it is quite possible that a KR GT3, or even a Consett hopper wagon, could at some time become a highly sought after object because of comparative rarity or being mint-in-box etc thus fetching high prices.  We really don't know what anything is worth until somebody offers what they think it is worth, 

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I thought the old joke was 'when I'm gone, I hope my wife sells it for what its worth, not what I told her I paid for it!' 

 

As an aside, I recently was asked about how to sell some model railway stuff from one of my co-workers father's estate - another thing found in the garage was a live 6 inch artillery shell - she phoned the Police who were round extremely quickly, having become a bit confused between inches and FEET!

 

Jon

Edited by jonhall
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I have just sold the last item in a fellow RMWebbers estate. He chose what he bought well and it has probably returned a little bit more than he invested. When these wagons and the GT3 are available they could be collectors items.. but that will only happen if the models sold are to a very high standard.

 

Bas

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On 07/01/2021 at 21:46, chris p bacon said:

 

Are you sure of that ?

 

The GT3 Hornby Magazine reviewed was the EP from early in 2020. 

The GT3 that was sent to Hornby was a pre-production sample. 

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13 hours ago, KR Models said:

The GT3 that was sent to Hornby was a pre-production sample. 

 

Thanks for the reply, I suggested it was the same EP as that in the May video, as it exhibits similar damage to the front steps and buffers and has had a lot of (mis)handling for one off the production line. 

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I will never quite understand the collectable values of model trains. In the last week, I've paid $500 (including fees) for a model that regularly goes for $1200, and sold a model on an offer for $1100 that I paid much less than that for not 3 months prior. The $500 model was a sought after brass loco, and the $1100 one a 'common' RTR plastic model.

End of the day, the value of a model is not what it costs or what it sells for. It is how much enjoyment I get out of it whilst I have it/whilst I am alive. GT3 is a model I have wanted for a long time and was looking into options for once I came back into the UK scene after a break, and the Consett Iron Ore wagons are another. I model British to enjoy my modelling as well as modelling Australian seriously. Only one thing truly matters: :locomotive:

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There is no logic to the value of "collectables". 

 

They have a price determined by the scarcity of the item and the number of collectors.  A large number of people bought the old BR "totems" when the railway management brought out new station signs to fit their corporate image.   Despite rust and chipped enamel, these changed hands for silly money, then the bottom fell out of that market; it seems to be creeping back up again though.  There was a time when lots of people (from the King downwards) collected used postage stamps, now hardly anybody does, so those valuable collections are all but worthless.  The few people who still collect them would rather have a defective stamp (for example with one of the colours missing, or a legend printed upside down) than one that properly passed quality control.  Such things are not an investment.  They might have a good market value at a point in time, but that can evaporate almost overnight when it is realised that collecting things for the sake of it is pointless.

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I have came across a strange problem with KR when I tried to add additional wagons to my order, I have had to order separately as to add on to my original one would mean having to cancel the order and be charged 10% for the privilege of doing so to raise a new order! Apparently it is the way the website platform works according to Michael Revel.

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8 minutes ago, Mark Saunders said:

Apparently it is the way the website platform works according to Michael Revel.

 

That's a choice that the proprietor makes when the payment platform is set up.  Were you were fully aware when you initially ordered ?

As a trader I would use the function to stop fickle purchases then cancellations.

 

Edit

A quick check of the website shows the 10% charge in the 'Refund Policy' on the first page of the payment process

 

KR Models, will refund only where items received are faulty or damaged, and only within 14 days of receipt. You must return the item to us, with a copy of the invoice. We will arrange for the collection of the faulty item.  We will not repair the fault, it will be a complete exchange of the model.  All deposits are non-refundable if you choose to cancel.  However, if the project is cancelled then all monies paid are fully refundable.

If you wish to cancel your order prior to receiving delivery there will be a 10% admin charge to cover the fees charged to refund your instalments.  Initial deposits are non-refundable.

 

This doesn't explain why you can't alter your order but does explain the charge (which is excessive for a refund on a product which isn't actually available yet)

Edited by chris p bacon
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16 minutes ago, chris p bacon said:

 

That's a choice that the proprietor makes when the payment platform is set up.  Were you were fully aware when you initially ordered ?

As a trader I would use the function to stop fickle purchases then cancellations.

Unfortunately for us, that's how Shopify works. We haven't been able to find a way to allow us to amend orders in the manner that Mark wants us to, if they even support it. As such, the only way we can achieve what Mark wants us to do is to cancel the original order, refund the money minus the service charge, and he can re-make the order as he intends.

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10 minutes ago, KR Models said:

Unfortunately for us, that's how Shopify works. We haven't been able to find a way to allow us to amend orders in the manner that Mark wants us to, if they even support it. As such, the only way we can achieve what Mark wants us to do is to cancel the original order, refund the money minus the service charge, and he can re-make the order as he intends.

 

That may be how Shopify works, but it was your choice to use Shopify.

 

 

Forgive me if I'm missing something but why should Mark have to lose 10% when all he has to do is place a second order for the additional wagons that he wants?

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8 minutes ago, cornelius said:

Shopify orders can be edited by the merchant within 60 days of creation. 

 

https://help.shopify.com/en/manual/orders/edit-orders

 

 

 

 

 

I stand corrected. Our website technician is an idiot then. Thank you, will fix accordingly.

 

EDIT: I should note, this works for orders solely through Shopify. That wouldnt work for our current partial payment system.

Edited by KR Models
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1 minute ago, Colin_McLeod said:

Forgive me if I'm missing something but why should Mark have to lose 10% when all he has to do is place a second order for the additional wagons that he wants?

I suggested exactly that in our email chain, but refused to do such a thing because he didn't want to pay for delivery twice.

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It should also be possible to manually create an order for the customer in the store admin and apply a custom postage cost (if you wished to do so), although if you're using an add-on for pre orders it may also conflict with this.

 

I've been a satisfied user of the Shopify platform for 5+ years so drop me a line if you could do with any additional help. 

 

The most annoying thing about having multiple Shopify orders you want to ship together is that there doesn't seem to be a way to reconcile them to a single fulfilment in Royal Mail click and drop so there's always a bit of extra admin needed there. 

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1 hour ago, KR Models said:

I suggested exactly that in our email chain, but refused to do such a thing because he didn't want to pay for delivery twice.


since you have claimed this I must respond publicly !

 

 I did not refuse all I wanted was to add to an existing order!

 

Who wants to pay for something twice!

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