Hummel’s Discontinued

Daryle Lambert’s 31 Club Blog

Hummels Discontinued.
This is of no surprise to me, and it shouldn’t be to you. I have been saying this was going to happen for over a year. Even if someone does take over the manufacturing of these cute little figures, it won’t be the same, and the prices will have to drop tremendously for them to sell. When I began to see examples of the Hummel figurines that previously listed in the price guide for $500 selling as low as $75, I knew there was a crisis coming for the collector.

I have written about the couple that had a collection valued at $250,000 by the guide, set aside for their retirement, that today would not even bring $35,000. You may have thought that your portfolio has dropped in value over the last six months, but you might be lucky compared to this couple.

Don’t despair, though.  There may be a silver lining here.  The true collectors are still there, but they will be looking for only the best and at better prices than in the past. This is where you come in, because as prices drop, people will sell the rare and the ordinary for nearly the same price giving you a great opportunity to cash in if you know the difference. In the future, only the Crown and Full Bee Hummels will really command prices that will put money into your pocket. For this reason, I would advise you to buy nothing below these marks unless by purchasing a whole collection it even brings the price you pay for the rare ones even lower.

My rule, until I finally quit buying the Hummels, was 25% of the book value, but today I would lower that to 10-15 %. You may think that this is too low, but I guarantee you that they can be purchased at this price today. This would be a great time to advertise for Hummel collections, because a few thousand dollars could go a long ways in purchasing a hundred or more of these today. This would assure you of a nifty profit when they are all sold.

Tuesday, October 7, 2008
PRODUCTION OF HUMMEL FIGURINES TO STOP SOON

PRODUCTION OF HUMMEL FIGURINES TO STOP SOON
Goebel Germany is stopping production of Hummel figurines on October 31, 2008. Demand has dropped to one third of expected sales. They will sell the figurines as long as they have supplies. We spoke to Carrie Kulak, the American media contact, and she said the 2008 International Club Convention in Germany October, 17th and 18th is cancelled. An announcement will be made in Germany at a special event on the 18th about the “solution” to the question “will there be more Hummels?” We are sure the rights to make the figurines will go to another manufacturer. Will prices for old Hummels go up or down? What do you think?

Posted by Ralph and Terry Kovel at 3:33 PM
Labels: Goebel Germany, Hummels

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Posted by Daryle Lambert at 5:06 AM

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