Why are these Hot Wheels more valued?

July 25, 2008 1:42 PM

Calling all Hot Wheels Redine experts.

Does anybody know why the 1973 "Snake" and "Mongoose" cars that are stamped with 6969 are worth much , much more than cars with a different number? Not looking to sell, I just want to understand logic behind value.

posted by punkfloyd to grab bag (2 comments total)

Thak should read Redline experts.
posted by punkfloyd at 1:50 PM on July 25, 2008

The second "much" link answers your question: they're rare. Less supply, higher prices, basic microeconomics.

Why is an unused Penny Black stamp worth $3000? Because there aren't very many of them.

So it's worth that because someone's willing to pay it; and someone's willing to pay it because they value having something in their collection that not many other collectors have.
posted by mendel at 7:27 PM on July 25, 2008