Death Jester
You missed the point completely... by a wide margin.
Why do people pay for what you consider to be overpriced stuff? Quite simple, they do such because of a perceived value.
That said, I am doing this since I know how this works. Still I am not delusional and think that people \"will wake up.\" Hell I buy GW stuff because of that perceived value, aka it is fun for me to play these games. I also try to buy them in the secondary market, but am willing to buy from time to time a \"new model.\" Why? That perceived value. This is the same reason why people pay insane prices at E-Bay for some \"rare models.\" One good example of these pieces of lead are many of the Rare Mechs, such as the Marauder, and I mean the \"original.\" People believe that this piece of lead, for which I paid oh four bucks back in the day is worth 70 - 80 USD. Is it worth that much? Only if you think it does. In reality its real value, since it is not painted hence no value added to it, is oh the 20 cents it took to produce... (maybe a tad more).
Now you may go on a rant and say that they are ripping you off. Granted from your POV you are correct since you are aware of the actual value, and you are only taking into account the initial production value, and not the value added through transfers in the market place from the manufacturer, up the food chain all the way to the retailer. That is why you quoted the often told forty cents that it costs a company to produce anything. Now how much did it cost them to produce this from the green to the final third stage mini that you get? How much value is added as this piece of lead is packaged, catalogued, put in storage, shipped to a distributor and finally arriving to the retailer? depending on the company and the actual product (that is why groceries are hard to do as a business), the value added will range from oh 50%, food prodcuts that you and I need, to oh over 1200% in some luxury items. Hobby items range in the 600- 800%, and GW is higher, but again... this is the real value, with value added through the market. As long as people fully believe that they cannot live without (insert miniature here) and see a perceived value in a miniature, even though it will be higher than the intrinsic value... I can seat here and post and you can post here and rant, or argue, but the company will continue to make a living out of this. Whether they are gouging the customer or being very canny businessmen really depends on your point of view... for me, I buy what I like,,, aka it has value to me, perceived value. If a product does not have that perceived value then of course I will not touch it, or in a very specific case unload that product and try to give folks a break.
Does this Econ 101 make sense to you? Oh and by the way I like informed consumers, but most companies, even those involved in our hobby do not necesarily like informed consumers. Why? Caveat Emptor, buyer beware... and as long as the market will bear it, they will charge it.
Nadin