I recently posted a NPL (for too much money) and didn't get a nibble. I am curious about this. This is one of the rarer pieces but I never see it on ebay or the forum. Now I don't check even every week so I may be missing a lot. But why isn't this piece in play? I'm not interested in selling the one extra I have left unless I get a great price. Are others holding out for the same reason? You would think interest would be higher now so close to this third reunion. Would there be more interest if I offered a reunion set?

A NPL pops up every now and then in the Marketplace. As I recall, you were asking $ 900.00 for yours. That is almost 3 times what I paid a couple of months ago. I don't believe you will get any inquiries at any price near what you were asking.

Regards,

Lighthouse Ghost

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).]

A reunion set is a good idea - at least it worked for me. I sold a Super Reunion set consisting of NPL, NPL mini, Rose Island, Rose Island mini, and Rose Island thumbnail. Anyone care to guess what the set is going for today?

While I think there is something to JC's dispersion theory, I don't know if we can reason from low prices to the absence of near full dispersion. My hunch is that most of the NPLs are on the market.

NPL is a fantastic piece. Probably the most recent true rarity from HL. Pricewise it has historically run in the same ballpark as Portland Head and Cape Hatteras. Research prices on those pieces. Even rarer - and I have no hard price data - is the NPL mini. This one is a real gem and near impossible to find.

Today, I would not sell an NPL for less than $500. You may not find a buyer immediately, but eventually one will surface.
__
/im

Remember: "It's only money!"

Bob

I bought my NPL from you, John, and at what I still believe to be a decent price. I remember seeing it behind glass at the Lighthouse Depot in Wells (Maine) and saying to myself, "I gotta have it. I gotta have it." In my opinion, it's one of the crown jewels of any collection, eclipsed perhaps only by Hatteras #1 and Coquille.

Give it a couple of years...maybe 5 max. The value will rise considerably.