How Will The Financial Crisis Affect Your Modelling?

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How Will The Financial Crisis Affect Your Modelling?

Home Forums Soapbox How Will The Financial Crisis Affect Your Modelling?

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  • #27159
    Bob Wilson
    Participant
      @bobwilson59101
      In view of all this forecasting of financial doom and hardship coming from the British Government, I wonder how it is going to affect our ship modelling activities? On the surface of it, we will all be affected to some extent at least.

      Will kit builders still be prepared to pay large sums for kits and will scratch builders find their markets falling away as buyers and collectors “tighten their belts?

      Will it make you slow down, or even stop. I can’t imagine that I will stop, but I have certainly slowed down and am amusing myself more with less expensive activities such as writing.

      Is this sort of thing just confined to Britain or is it world-wide?

      I am not asking for political opinions or blame or anything like that. Simply how it will affect your future in building models.

      Just wondered what others opinions are?

      Bob

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      #7905
      Bob Wilson
      Participant
        @bobwilson59101
        #27163
        David Wooley
        Participant
          @davidwooley82563
          Hi Bob An interesting question . In all the past  down turns that I can remember  model boating has flurished . When people have time on their hands it’s often down to a hobby to fill in some of that spare time. Visiting  various shows  you would not think there  is impending doom and gloom  over the horizon  or even a  slow down in the economy . Just look back to the bad old days of the 1970s for an example. Talking to those in other parts of the world  the hobby is expanding not contracting  .
          Dave Wooley
          #27165
          neil hp
          Participant
            @neilhp
            simple answer…….IT WON’T.
            I don’t smoke, drink very little and value my sanity in this doom and gloom world…….so modelling is of great importance to me and as such will not suffer at all.lol
            #27166
            Ian Gardner
            Participant
              @iangardner62867
              I have squirrelled enough stuff away to last me into old age so I don’t think I will be affected. I imagine older people with less financial commitment won’t feel things so much as younger folk who may lose employment and still have children at home and mortgages.Redundancy looks like a real possibility for my daughter so that will affect us. Who knows how bad things will get? Maybe it will mean people will get back to basics and start building simpler models from cheaper materials. In the general scheme of things I think modelling can still be a fairly low expenditure activity.
              By the way Neil, I gave up smoking in 1974 specifically so that I had some money to spend on modelling! I’ve given up newspapers recently in the interests of sanity.
               
              Ian Gardner

              Edited By Ian Gardner on 08/06/2010 11:09:54

              #27168
              neil hp
              Participant
                @neilhp
                i never started reading newspapers, ian. lol
                 
                who said “there are lies, damn lies and newspaper stories”.lol
                #27169
                Colin Bishop
                Moderator
                  @colinbishop34627
                  An interesting discussion. I have talked to a number of the smaller traders recently and they all report that business is fine at the moment. I think Ian is right that most boat modellers tend to be older people, frequently retired, and have both time and sufficient money to support their hobby. I too have enough stuff in the workshop to stock a small traditional model shop. Like Bob, I am doing rather more writing than modelling at the moment because the opportunity is there.  I do feel sorry for the younger generation who have a much more precarious future to look forward to and both my daughters fall into this category. A lot of us older guys probably have enough to give us a reasonably comfortable existence with just our health to worry about!
                   
                  I’d think twice about giving up newspapers though – you might miss your obituary..
                   
                  Colin
                   
                   

                  Edited By Colin Bishop, Website Editor on 08/06/2010 12:16:15

                  #27170
                  Bob Wilson
                  Participant
                    @bobwilson59101
                    Thanks for the replies.
                    I think that it will certainly affect me.    This is not a financial thing, but a simple matter of getting rid of them when they are complete.    The international demand is still there, but transit insurance is no longer realistic beyond the UK.
                    For years, I have sent them to the twice-yearly auctions in London, but  the fees have already risen and deductions are quite heavy.    I recently sold one at auction for £600, but when the cheque arrived, it had been whittled down to £382.49   (£217.51 deductions!).
                    On top of that, it cost £25 to send and the income tax will take a large slice of what is left!
                     
                    Article writing is unsatsifactory as well as the common trend seems to be to accept articles and then wait a couple of years before publishing (and paying), so I have given up on that now.       My current plan is to write my own books and physically make them as well.     I can have them bound in town for less than £3 each.      CD disks (e-books) are also very profitable, but I am wondering if  people will be spending less.
                     
                    As I build about 9 models a year, I will run out of space by the end of this year unless something happens to the market..
                     
                    Bob
                     
                     
                    #27171
                    neil hp
                    Participant
                      @neilhp
                      I’d think twice about giving up newspapers though – you might miss your obituary..

                       
                      I get up every morning colin, and when i’m not in it, go back to bed, lol
                       
                      mind you, isn’t it funny how people ALWAYS die in alphabetical order,
                      #27187
                      David Meier
                      Participant
                        @davidmeier28154
                        “will scratch builders find their markets falling away as buyers and collectors “tighten their belts”
                        That is an interesting question to me Bob.
                         
                        I just assumed that people built their models for pleasure and put them on a shelf in the shed or in the lounge until she who must be obeyed said enough. At which point you begrudgingly gave one away or tried to sell it.
                         
                        Just curious, how many people on the forum scratch build with an income motive in mind?
                         
                        At my build rate I would be rather hungry. Where as someone as prolific as Ashley would be agonising over what would be a safe investment for his next million.
                         
                        cheers.
                        David.
                        #27188
                        Bob Wilson
                        Participant
                          @bobwilson59101
                          I build them for pleasure, but I am mercenary enough to want the hobby to be sel-financing and bring in a reasonable profit..    When I left the sea (voluntary redundancy – fed up – after 32 years) in October ’92, I found I was “unemployable” ashore, so I took up ship model building full time.    Until 2006, I was producing 14 or 15 a year.    Then I was able to take my pension and it went back to being a hobby again.   When I became 65 and the state pension was added, I thought I would stop, But found that I enjoyed it so much, I was unable to.   I am now producing about 9 a year.   I am currently working on Nr. 242 and only three remain unsold.   One of these is not for sale anyway (DONNA FRANCISCA – See Static Models).    If I am unable to sell them in future, the house will soon fill up – that is the only problem with me!   But it is too soon to tell what is going to happen as sales have continued quite well to date.
                           
                          I believe that the sales success is due, more than anything else, to the fact that my subjects are either obscure or semi-obscure.    You will not find me making CUTTY SARK or similar famous ships.      Also, my models are rarely more than 14 inches long, so they will fit well into even a small flat.
                           
                          My wife has no problem with them and even helps by painting the seas.
                           
                          Bob 
                          #27194
                          David Meier
                          Participant
                            @davidmeier28154
                            Good on you Bob. You are on to a winner there. Your models are stunning and their size makes them very collectable. I don’t think I could bear to part with them.
                             
                            Cheers.
                            David.
                            #27205
                            Peter Fitness
                            Participant
                              @peterfitness34857
                              The dreaded “GFC” should not affect my modelling, as I now scratch build. Materials are cheap, and the only major expenses are ESCs, props and motors, with the ESC being the dearest single item. I make my own prop shaft assemblies, so the only cost there is for the materials.
                               
                              Bob, I think you are very fortunate being able to turn your hobby into a small business, and I hope that you are able to find a continuing market for your little masterpieces.
                               
                              Peter. 
                              #27207
                              Bob Wilson
                              Participant
                                @bobwilson59101
                                It really isn’t anything to do with cost of materials for me as they cost next to nothing to build.     My international demand is still there, but the good old EEC wrecked that completely for me!  
                                 
                                They made it law that the seller is 100% responsible for safe delivery of items and must stand any loss or damage.    Also, just to put a nail in the coffin, they said that if the recipient simpy didn’t like the item, they could demand a 100% refund (including transit costs), but had no obligation to return the item – just keep it safe for the seller to collect!
                                 
                                The moment these laws came in, the couriers stopped offering realistic transit insurance and all the ones I have asked about it, will not pay out of the first £200 of loss or damage – well done Europe! 
                                 
                                Because of this, I am slowing down at model building until the situation becomes clearer.   I will run out of space in about a year’s time.   But one door closes, another opens and I am doing a lot more writing these days.
                                 
                                Bob
                                #27208
                                David Wooley
                                Participant
                                  @davidwooley82563
                                  I think all economic down turns have both a negative and positive effect on  our hobby . For those that can remember the worst effects of the late 1960s through  to the 1970s  Model boating expanded at a tremendous rate even though there was economic misfortune and  supply disruption .  Bob   as an eternal optimist I am certain the market for the type of model that you so skillfully produce will turn again , it always does .  Just keep building but perhaps not so many if space may be at a premium .  Good idea  on a book ,Michael Ainsworth  { wrote for many years in Model Boats magazine}  published a superb book    in 2001   “Warships in Miniature”   a sort of compendium  of many of his articles  but brought up to date. 
                                  Dave Wooley
                                  #27209
                                  Bob Wilson
                                  Participant
                                    @bobwilson59101
                                    The biggest problem is now the transport.    If I can’t obtained realistic insurance overseas, then I will not send them overseas and that is where most of them went – USA and Hong Kong.   The demand for static model ships in the UK is very limited.
                                    Bob
                                    #28303
                                    B B
                                    Participant
                                      @bb42502
                                      I am in the unfortunate position where I once had a very good income that is until the armed thugs who assaulted me and put me in a wheelchair. I lost everything and now live on a measely little disability grant.
                                      Needless to say, the little money I have to commit to my shipbuilding would never enable me to buy a kit and then on top of that a fittings kit and any other items to complete the model.
                                      This is where scratch building is so good. Purchase a little here a little there and before you know it you have a model ship. Not just that I find it is actually cheaper to scratch build than to purchase a kit of which there are thousands sold world wide. I end up with a ship that is one of a kind and have the total satisfaction to stand up and say, I made everything!” 
                                      #28309
                                      StuartM
                                      Participant
                                        @stuartm
                                        The present circumstances won’t stop my modellng activities. I was brought up in a ‘make do and mend’  type of environment. So I am quite happy to scavenge materials and only pay out for absolute neccesities. Batteries, motors and the odd bit of specialist metal. Anything I produce gives me great satisfaction though in truth it probably will only be a representation of a particular type of boat or loco. My work is definately of the stand off  type and will  disapoint  ‘rivet counters’ I don’t ever see the day when I would purchase a boat kit. Probably what the trade don’t want to hear but thats my way. It keeps me happy, out of mischief and makes me a patient person whilst I wait for the right bits to become available.
                                        I do have a great respect those that have the time, patience and skills to produce accurate scale models though.
                                        .
                                        #28312
                                        B B
                                        Participant
                                          @bb42502

                                          It does not matter what you build. There are some of us who would like to produce the best we can no matter what the circumstances. We had a child who made a small rc boat out of a n old milk bottle. He used a radio control set from a cheap car which had broken and converted this to use on his ship. It sailed very well. I admire this kids engineuety to produce this model. I have never at our club made any comment of anothers baot that he has made even if it looks bad. I rather  compliment that person and we all try to help him and give advice where we can. Some are rivit counters and strive for perfection but no matter what others produce under different financial circumstances and abilities we should all stand together and compliment each other on we all produce!

                                          #28313
                                          Bob Wilson
                                          Participant
                                            @bobwilson59101
                                            The question was really about whether the financial crisis would affect modellers, and nothing to do with what was built, or the quality of it.
                                             
                                            It hasn’t really affected me as much as I thought.   Recently, I got rid of two old models on Ebay (over 20 years old) just to make more space for storing new ones.    As soon as I did that, interest revived again, so things are carrying on pretty much as normal, maybe even a little better than in previous years.
                                             
                                            I increased my charges quite a lot to cover the increase in the cost of materials.   I fully expected that to kill the demand stone dead, but for some unfathomable reason, it seems to have had the opposite effect.
                                             
                                            They are in the process of making a large R/C lake locally (Wetlands project, Brockholes, Preston, Lancs) so I may soon build a R/C ship just for a change.
                                             
                                            Bob
                                            #28315
                                            neil hp
                                            Participant
                                              @neilhp
                                               
                                              They are in the process of making a large R/C lake locally (Wetlands project, Brockholes, Preston, Lancs)
                                               
                                               
                                              Although I taught in Preston for some years, Bob…am not familiar with the areas..where abouts geographically is that…….is it the large lake area that you can see close to the Tickled Trout motorway junction or am I in totally the wrong area.
                                              neil.
                                              #28317
                                              Bob Wilson
                                              Participant
                                                @bobwilson59101
                                                Yes, that is the one.   It was formerly old gravel pits.   They are now in an advanced state of construction.  There will be fishing lake, R/C lake, wildlife lake etc.     Shops & restaurants, parking etc.   If you enter:
                                                 
                                                brockholes wetlands development
                                                 
                                                in Google, you will see all the progress reports.
                                                Bob
                                                #28318
                                                Bob Wilson
                                                Participant
                                                  @bobwilson59101
                                                  Here is a direct link to the site, you can see it is extensive and well-advanced.
                                                  Bob
                                                  #28322
                                                  neil hp
                                                  Participant
                                                    @neilhp
                                                    cheers bob….always thought that would make a nice recreation area as i drive down the motorway.
                                                    neil.
                                                    #28323
                                                    neil hp
                                                    Participant
                                                      @neilhp
                                                      i wonder if a model boat club has set it’s sights on being incumbant there yet.
                                                      would be interesting to know.
                                                      neil.
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