Desirability of steelbook collecting

creasey275

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Sep 20, 2012
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The year 2012 has seen a massive surge in steelbook releases, and collectors. Of the 35 pages of threads on HDN steelbook forum, 24 have been started this year. Back catalogue films, new releases and multiple releases in different countries has, I imagine, lead collectors to become more choosy about which to buy and where to buy it. "Limited" releases to 4,000, shop exclusives and steelbook treatment(debossing...) are now crucial deciding factors whether customers buy, and judging by the posts on numerous thread here and elsewhere reporting that a lot are keeping steelbooks sealed, over-riding the film itself.

Now for the statement.

In 2012 the huge increase in steelbook releases has lead to the decline in desirability of steelbooks. Discuss.
 
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^^DVD's are worth nothing these days though. You'll be lucky to get more than 50p per film.

used: yes, true. but i know many people that still buy dvd's for retail price because they dont even own a bd player.
when i upgrade movies from dvd to bd and sell the old discs i usually ask for 2-3 euros, and can sell them for that.
i see that normal amaray plastic releases get cheaper and cheaper every day.and they will disappear completely eventually thanks to streaming and downloads.

but collectors who want special/limited editions will still be there, and willing to pay a certain price for something special and collectible.

people tell me since 20 years that vinyl is dead, but i see more vinyl collectors out there than ever before. same time, noone would buy the same music on a cheapish cd when its available for free on the internet. i hope it will be the same with movie limited editions vs. cheap amarays.
 
not even dvd format is really replaced or outdated in the eyes of the majority of movie buyers.
i think maybe there will be a new format some day. but that does not mean people will stop buying blu rays instantly.

DVD replaced VHS completely and VHS was phased out fairly quickly. The step up in quality between those formats was quite large. That cannot happen with blu ray, as the step up in many consumers eyes is basically not worth the price. Only those already into Home Cinema and HD formats as well as PS3 owners made the jump initially. Thanks to studio/marketing they were able to replace VHS completely. Although blu ray is now outselling "according to HMV/Amazon" DVD by some margin it still hasn't got enough of the market share for dvd to be phased out yet.

Yes DVD is still around, but it's price range on a consumer level "IE Proper retail/Online stores" has all but vanished. Brand new chart DVD's are less than half the price they were 2 years ago, and the collectors side has vanished as the studio's are now concentrating mainly on only providing blu-ray with extra footage etc. Criterion DVD once the grail of the format used to go for $000's now they are bargain bin prices even on eBay.

Chipvideo is 100% right, you can provide links for both sides of the discussion showing seriously ridiculously high prices and amazingly low prices and that proves very little to how a market operates. The "Collectables" market is very much a grey area when it comes to an actual market value as many here have already said it boils down to "How badly do you want it" because of that there always be those prepared to pay silly money for items that have a personal worth to them rather than actual market/monetary worth. Looking across the prices over the last couple of months it wouldn't take a detailed market analysis to see prices generally ARE going down. The early sought after ones will hold value because they were produced at a time when companies wanted to entice adopters to the format by offering above and beyond the normal. Now virtually every film is getting a steelbook somewhere on the planet and most of the time not in very small numbers which has resulted now in a decline across the board in prices. While some resellers might still be earning from this is more by luck and being in a good market area rather than this still being the way it was a year ago.

While even I myself have managed to get great buys I do browse eBay for a couple of hours each evening and overall the prices for "most" steels is slowly coming down and it has been doing so since the summer. There have been VERY low auctions and there have been some ridiculously high buy it nows but looking at the bulk in between those "which is how a market is assessed" the prices are falling due to the amount of releases now.

The buzz word for the idiots that run the studios is "steelbook" because they know it has a market and they will be able to charge a little more. What they no longer care about due to blu ray being far more popular these days is offering something above and beyond which is left to small companies like Blufans etc. The fact the studios have now discovered this is the death sentence of anything highly collectable as they will flood the market with product till it implodes in on itself. Then the studios will having taken all your money move on to the next collectable and eventually ruin it to!

On a visual medium side I started collecting Laserdiscs in the very early 90's and watched as it went from humble beginnings, through a few boom years with amazing artwork, THX mastering and the birth of DTS/Dolby Digital, through to it's eventual over saturated mass produced death at the hands of DVD. Granted it was a far more niche market only really doing well with early diehard home cinema fans and movie buffs in the US and Japan, everywhere else it was a very small market share product but blu ray hasn't been vastly different. It didn't take off well having to do battle with another format which for many consumers is off putting as they don't know which one will win. It took a long time for it to get going and then some time again before it's sales started beating DVD. Even then the only reason it's sales have done so well is because physical formats are dying slowly with sales dropping every year. Blu ray is new, better and HD fans moved to it, but it still isn't viewed by many as dvd's replacement. On that reason it hasn't been the success the powers that be wanted it to be, so they had to initially offer deluxe packaging. Now that they see this worked and has grown into a small market they will exploit that just as they did with Laserdisc, which will eventually cause it's death as a sought after collectable.

It seems to be in it's second wind right now. There's not really much coming out that beats the quality of those early releases thought wise except by dedicated companies and there is starting to be an abundance of releases for virtually everything by the studios with very little or miss guided "Lionsgate comps" thought put into them. While we maybe a couple of years off this market is now at the top of the slope and there's a studio exec on their way to push it over and downwards which for people like me is fab as I refuse to pay high prices for what is essentially a nice box, but not so good for those earning a living from it.
 
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bluray got his breakthrough with the ps3 and cheap flat tv's. 4k tv will still cost a fortune for the next couple years and the new console generation using the bluray format.

if you ask me bluray will stay for at least 5years.
 
Another factor affecting resale pricing is region coding. Many people do not have region free players. Region free blu-ray steelbooks are attractive to everyone. Region B locked releases are attractive to European buyers. Region A locked releases are attractive to North/South American/Most Asian buyers.
 
another huge problem with import re-sells i can see at the moment is that 99% of the people in german speaking countries are not willing to buy an import release without german dub and/or subtitles. it seems that they are too used to syncronized films (which is horrible imho) and dont have confidence that they would be capable of understanding the movie if it's in a foreign language. i wonder if this is different in other non-english countries!?
 
It could just be me but a primary reason for reduced values is because the excitement for steelbooks in general is for me at an all time low. I was shocked to find that in 10hrs, only 15 or so steelbook threads had been bumped from my last visit. When I joined about 1yr + ago, there were always multiple discussions in so many threads you literally had to go to the second index page to catch up on all the titles being discussed. Another is the trading section is barely alive anymore. Anybody who has traded for a while will probably agree with this. Trading was so much easier and better in the beginning half of the yr.
 
another huge problem with import re-sells i can see at the moment is that 99% of the people in german speaking countries are not willing to buy an import release without german dub and/or subtitles. it seems that they are too used to syncronized films (which is horrible imho) and dont have confidence that they would be capable of understanding the movie if it's in a foreign language. i wonder if this is different in other non-english countries!?

This is the same in my country, Russia. However, some collectors prefer import discs, containing Russian language. Many regular blu-ray releases (over 500 titles now) and some steelbooks can be found with Russian language.

However, this may result in a situation when people want some really rare steels e.g. Jaws Korea, or Inception Korea, or Thor Thailand, etc.
Anyway when the price of a desired steel goes over buying limits, some get cheap steel and swap discs.
 
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It's called over saturation and economics. The market has become increasingly flooded with multiple copies of movies and re releases. I've stepped away from the game because of this and mostly due to money. I don't see the joy in seeing Zavvi, Kimchi or BluFan releasing titles we already had ages ago or re releasing titles with same artwork. It ends up being, what is the point of me paying 2-3X the value of a movie when I can pay less and potentially watch it now?

The amount of deals I've found when I'm just looking for the regular version beats anything I've seen on SB.
 
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One company are to blame; Zavvi. I couldn't care less if anyone chooses to dispute that, it's fact. HDN absolutely need to turn away from that Company, although the temptation of having their cut from the Sales does mean taking that hit also. Zavvi have made Steelbooks as common as Amarays

I never quite undestood that logic though! A steelbook forum should turn away from a company that releases lots of steelbooks? There are more steelbooks released/rereleased and apparently sold (otherwise zavvi and others would stop doing it) and what decreases is just the re-sale value. Why would a retailer care about that? I understand the frustration and seeing Japanese steelbooks being sold for a few €€€ is clearly sad and weird, but nobody forced anybody to buy multiple copies, right? Yesterday amazon.ca sold lots of steelbooks for 8,99$ and purely out of a force of habit I bought 10 items, but I should have been very aware that I will have to keep them forever, because these will hardly have any re-sale/trade value anymore....
 
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Ive sold off most of mine now at a disappointing loss. But there are not many retail items you can simply buy and quickly turnaround a profit on, so its expected. The market is flooded. And the market is dull. The good in that will be the retailers prepared to step up and separate themselves from the woeful crowd will need to do something exceptional. Blufans and Kimchi both heading in the right direction, actively listening and continuing to raise the bar, and unfortunately their prices too. They're beyond my reach but they are keenly snapped up. Would hate to be a completist on the STID issue with its 8 variant offers, a small fortune for one realease. Where I would like to see a sizeable jump is in the quality of the finish, and with Scanavo having a monopoly there is little reason for them to push the limits of whats achievable. I hope there is a shake up.
 
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