Recently, word has circulated that Kidrobot New York is offering some of the company’s older figures for prices several multiples above the initial retail price. Since the practice has already been documented, Vinyl Pulse decided to seek official comment from Kidrobot as a way of furthering and informing the discussion.
Here’s Kidrobot Co-Founder Paul Budnitz’s response:
For the last 5 years Kidrobot has been purchasing classic out-of-stock toys from collectors, and reselling them in our stores. So, for example, we have bought collections of 8-year old Bounty Hunter toys, and re-sold them in our shops. Sometimes these toys go for $1000 or more, which is pretty much market rate on eBay.
Recently we realized, since we’re carrying everyone else’s rare toys, why not re-buy our stuff from collectors and sell them in our stores as well? So in our NY store are a few single pieces that are quite rare, and the prices are quite high. But we’re talking single pieces. You can’t walk into our stores and buy a dozen Huck Samurai Dunnys at any price, because if we’ve managed to buy one back from a collector, the one on the shelf is the only one we have for sale.
That’s the basic idea and it isn’t more complicated than that. It’s nice to see the older stuff reappear and sell out in our stores. And of course, collectors can still buy the original toys when they come out at original prices.
I’ve realized this has caused some confusion. The intention is innocent. We’ve been watching the situation and if we get too many complaints or this causes too much confusion we’ll just kill the idea. But aside from some unhappy people online, Lisa our NY store manager has found that the rare toys have been getting good responses. People like to look at them and occasionally an oil sheik or serious collector comes in and buys one. 😉
So we’re going to keep them there for now.