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Retirements, and why there ain't none #74873 02/20/99 04:21 AM
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Art Offline OP
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I think that most of us would agree that we like to see pieces retire (especially if they're legit sell-outs). Quick retirements are liked even better. Over the months we have discussed several different suspect factors as to why pieces haven't been retiring like in the "good ol' days".
(See also: Would something please retire? and Would Something Please Retire - Part Deux )

In this thread, I'd like to explore some data that may shed some light on this topic. I have been looking at Tim's data set ( Click here to download Tim's spreadsheet ) since he went public with it. I have my own interpretations and will add them from time to time (You knew that, didn't you?) :-) But for now, I'd just like to throw some charts and numbers out here and see what everyone else makes of them. Let's *try* to stick to data analysis here and take our extreme personal biases to the Fog Signal Building or to the thread linked above. :-)

I'm doing these graphs as links instead of images because they're *big*. They're big so you can read the details. Sorry. The graphs all run from the time of inception of the line to the end of January, 1999. The cutoff is just before the recent forced retirement of Wind Point and Round Island.

This first graph is the number of retirements per calendar quarter since the line was introduced. No surprises here, but a nice warm-up.

Graph 1: Number of HL Retirements by Quarter

This next one is the number of Harbour Lights models that had been released but had not yet retired, by quarter. In other words, it's the number of non-retired models that one had to choose from during a particular quarter.

Graph 2: Number of Non-Retired Models Available by Quarter

Next is one that shows the cumulative number of HL's released. (Looks like the 1 millionth HL will be authorized for release sometime in 1999!)

Graph 3: Cumulative Number of Individual HL Units Released for Production

And here are, by quarter, the maximum number of non-retired HL units that could have been available (but probably weren't). These data include all units authorized for release of models that had not yet retired. It *doesn't* show the true number of units out there by any stretch of the imagination (I have no clue how many had already sold, or even had been actually manufactured up to that point), but it's as close as I could get with the data available. It might serve as a useful indicator in spite of its shortcomings. I welcome your ideas for an improved metric.

Graph 4: Number of Units Not Retired

This next graph shows the age of each HL at retirement, or if not yet retired, it's age at the cutoff. Note the big change that happened when the Southern Belles came out! (does that period define "the good 'ol days"?) Note that the average date for HL153 to HL225 is basically meaningless, since so many of those pieces remain unretired.

Graph 5: Average Retirement Ages of HLs

This last one may be more meaningful than the average retirement date. On this, you can see that the median retirement date for HL153 through HL196 is essentially the same as from HL132 to HL152, in spite of the increase in edition size! This is significant because about 1/2 or the models from HL153 to HL196 *have* retired, so regardless of what happens to the remainder of the models in this group, the median for this group will not change. You'll notice though that the variation in retirement age did increase dramatically in this period. Could that be due to collectors becoming more choosey as their curios fill up? Or because the high-profile lights are already behind us by this point, leaving mostly less desireable (accross the broad population) lights for recent production?

Graph 6: Median Retirement Age of HLs

Well, that should give us something to chew on for a while. I look forward to your analyses.

Edited 2/20/1999 by Art.
Numbered and renamed graph links for easier referencing.
[This message has been edited by Art (edited 02-22-99).]


-Art
Re: Retirements, and why there ain't none #74874 02/21/99 05:24 PM
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JTimothyA Offline
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>>Retirements, and why there ain't none<<

So if I reckon all this stuff what the pictures show, there ain't no retired pieces cuz they ain't ripe yet?

Re: Retirements, and why there ain't none #74875 02/22/99 03:56 AM
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Art Offline OP
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Thank you for those illuminating comments, Tim! :-)

Of course, both the number of models and the size of editions dictate supply. In looking at Graph #6 it seems clear that larger edition size alone has not hurt retirement age. Comparing Graph #2 with Graph #4 you can see that in the most recent quarters there was about a 12% increase from the prior peak in the number of models not yet retired, but about a 35% increase in the number of units not retired. That's a lot of lighthouses that ain't ripe yet. Better hold off on the spring plantin' for a spell.


-Art
Re: Retirements, and why there ain't none #74876 02/22/99 04:29 AM
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JTimothyA Offline
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At the moment, the average days on the market at retirement is 757. Currently there are 13 models that have been on the market for longer. Ranging from 935 days (Concord) to 1240 days (Selkirk). Selkirk and Brandt Point (1209) are really skewing the curve, no offense to mombo. But none have come close to the record holder- Cape Blanco, 2101 days on the market when it retired.

About 32-35 models (depending what's been just made available) that have been on the market less than 757 days.

Rgds,
Graph Zeppelin (Selkirk van spotted crossing the Vermont border!)
[This message has been edited by JTimothyA (edited 02-22-99).]


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