I've resurfaced an old thread that deals with the dispersion theory of Harbour Lights and how it affects their secondary market value.
http://www.lighthousekeepers.com/forums/Forum17/HTML/000008.html New Point Loma (NPL) CA were sold only to the people who attended the 1997 San Diego Collectors Family Reunion. 460 attended and each person could purchase 2. 950 were sold. That meant that from day one, there were at least 460 'extras' that COULD be on the market. (Not everyone wanted to sell their extras, of course.)
And when you count family groups. In a family of three attending but only one real collector - that person had 5 'extras'.
So long as there were so many people with extras, the price will remain low. True, it was high right after the reunion. As high as $1,200 each. But when those 250-300 collectors realized that they could make that kind of money, they put an extra grand or so in their pocket, too many flooded the market and drove prices down.
Once these 950 NPLs get dispersed to, perhaps, 900 collectors, the value should rise to something that reflects the scarcity of this beautiful sculpture.
All just my opinion and not official by any means.
[This message has been edited by JChidester (edited 09-13-2001).]
Bob