Search This Blog

Thursday, October 16, 2014

The skyrocketing value of the 2010/2011 Hot Wheels Speed Machines...


Sometimes you get it right, sometimes you don't...

We have documented several times before here at Lamley how many Hot Wheels product lines have been discontinued before the entire run of models was released.  Sometimes that means the models are never produced (like the now legendary final batch of Hot Wheels Racing, which was to have included a Shelby Toyota 2000GT, a Kenmeri Skyline, and rally Datsun 510), and sometimes it means the models are produced, but sent to secondary discount stores after being rejected by the big box stores (like the 2013 batch of Boulevard, and final batch of Flying Customs).

When you follow the hobby as closely as we do, sometimes you get a sense when a particular line might be heading towards an early demise.  And if you think that is the case, and models have been released somewhere, you pounce.  It might cost you more to get the models from another country, but it could end up being worth it if the models never appear in local stores, and end up in very small numbers.  Of course you could also spend an arm and a leg for some of those models to be shipped to you, only to walk into Walmart the next day and see them hanging there for a much cheaper price.  It's a risk, but it can be worth it.

Case in point?  The Hot Wheels Speed Machines.  The Speed Machines line was started in 2010, as a way for Mattel to move some focus away from muscle cars and unlicensed fantasy models, and give modern-era super cars some attention.  Up to that point, models like Aston Martin, Ferrari, and Lamborghini did not get the premium treatment normally reserved for the Mustangs, Camaros, and Mopars that Hot Wheels churned out every year.   They gave the models full decos, and in a bit of a twist, sat them on co-mold wheels instead of Real Riders.  That made sense, because the Real Riders Hot Wheels had made at the time were all more appropriate for old cars than modern speedsters.  The comolds have a more current, sporty look, so on the Speed Machines they went.

The line was met with much enthusiasm upon its release, but over time the models began to hang on the pegs, and then hang some more.  I still remember Walmart trying to clearance them out for $1.25, and the models still hanging there forever.

It was the peg warming 2010 models that started to worry us.  Mattel had said that the Speed Machines would be back for 2011, but we wondered if the stores like Walmart and Target would even want them.

It was for this reason that we pounced when we saw the first batches of 2011 start to appear overseas. There were some fantastic models, like the Lamborghini Reventon Roadster in blue, a VW Scirocco in white, a Ferrari 612 Scaglietti in yellow, and of course, the stunning Zamac Ferrari 599XX.

Others just assumed that these batches would appear in the US, so they waited.  We are sure glad we didn't.  Big box stores did not want the latest Speed Machines, so off to other countries and discount stores they went.  In fact, the final batches were so scarce, the only place we heard that stocked them in the US was O'reilly's Auto Parts stores.

A lot has changed since 2011.  We have seen a whole slew of supercar-obsessed collectors overseas appear with the growth of social media.  These collectors would have snatched up the Speed Machines at the time, especially with Ferraris, Bugattis, and Lamborghinis in the mix.  But they weren't around to do that, so the line suffered.

Those collectors now see photos of the Speed Machines from a few years ago, and they become crazy to get the models.  And when there is demand, prices go up.  Models that were $2.99 in the store are now going for well over $10 each.

But then there are the models that are seeing three-digit closing prices.  When I say expensive Speed Machine, most collectors will think of this:


And they should.  The Speed Machines Bugatti Veyron has been fetching high prices on ebay for awhile now, but that is more because of the push to get all versions of the now-discontinued Veyron casting, as opposed to it being a rare model.  It is easily the most realistic-looking (if you can say that) of the Veyron models.  But it was released early in the series and was pretty easy to get.  But it wasn't very popular at the time it was released, and now collectors are backtracking to get it.

But what the Veyron sells for on ebay doesn't even come close to what other Speed Machines are fetching these days.  There are a few that so many people didn't find, and now want, they are now garnering a ton of attention on ebay.  Just go to the Speed Machines listings and look at Sold Items by highest price.  You would be surprised what you see.  Models like:

This:

This:

This:

And especially this:

While the Veyron might get most of the attention, it is the Zamac Ferrari 599XX that is the true holy grail for many.  I have been asked several times over the years how much the Zamac 599XX might be worth, and I can never definitively say, because they rarely appear on ebay.  But when they do, if it is an auction, look out.

There were some duds in the Speed Machines, and because of that we didn't pursue all of them.  Are there some we wish we had?  Sure, but just by having the Zamac 599XX alone are we happy with the collection.

So here are the models that are part of the Lamley Collection.  Some might compel you to try and find what you can.  Let us know if you do...

Hot Wheels Speed Machines:

Aston Martin V8 Vantage

'09 Audi TTS



Bugatti Veyron

Ferrari 599 GTB Fiorano



Ferrari 612 Scaglietti

Ferrari California

Ferrari 599XX





Ford GT LM



Lamborghini Reventon



Lamborghini Reventon Roadster

Lamborghini Gallardo




Lamborghini MurciƩlago LP 670-4 Superveloce

McLaren F1 GT-R





Mitsubishi 2008 Lancer Evolution

'09 Nissan GT-R SpecV



Porsche Caymen S



Porsche 911 GT3 Road

Porsche Carrera GT

Volkswagen Scirocco GT24





21 comments:

  1. No, please take this down! I am trying to add more Speed Machines to my collection and I refuse to pay more than $20 for one .. and it is already getting harder and harder. People will see this post and think their Speed Machines are worth even more. Nice images of the loose cars however .. :-)

    ReplyDelete
    Replies
    1. My thoughts exactly. Our own passions just cause the prices to rise.

      Delete
  2. Some of the models on the pics can still be found in my country for $3 each,maybe I will go grab some for just in case :D

    ReplyDelete
    Replies
    1. Dude, go buy them all. And get them on ebay.

      Delete
  3. How about Nissan GTR black with pink window variation? Does it HTF?

    ReplyDelete
  4. http://www.ebay.es/itm/HOT-WHEELS-SPEED-MACHINES-1-VERSION-EUROPE-PORSCHE-911-GT2-very-hard-to-find-/281469771160?

    ReplyDelete
  5. The Porsche 911 GT3 IMO, is one of the best they have EVER done! The lines are just spot on!

    ReplyDelete
  6. These models are fantastic, I'm glad I went all in when the line first started showing up, as lots of collectors here in Brazil passed them up due to the lack of rubber tires. Thanks to that, even the hardest to find models could be had with relative ease. I remember picking up multiples of each to "upgrade" my mainline versions with new wheels and printed windshields, and buying multiples of the red Enzo and green Vantage to rub the numbers off with acetone, to replace the less detailed First Editions. At one point, I had like 7 of the Veyrons, just so I could swap bases with the mainline models. The Scirocco, too, I was gonna buy only the yellow one, but then the green and the white versions came out and each looked cooler than the former, so I ended up getting all three. Good times.

    ReplyDelete
    Replies
    1. "...green Vantage to rub the numbers off with acetone, to replace the less detailed First Edition..."
      I did the same thing.

      Delete
  7. When TRU marked them down, I grabbed a bunch for wheel donors. They were clogging the pegs there @ one point. Who knew??? Oh well, I collect for fun not future gains.

    ReplyDelete
  8. I Want Speed Machines To Come Back In 2015, They Are So Cool

    ReplyDelete
  9. I remember buying the Zamac 599XX for about $4 last 2012 here in the philippines. It hung in front of the pegs At Toys R Us for about a week before i bought it. I had no idea it would skyrocket in value.

    ReplyDelete
  10. This comment has been removed by the author.

    ReplyDelete
  11. I just bought that Ferrari 599xx zamac for about 9 dollars, i guess i got lucky

    ReplyDelete
    Replies
    1. I was lucky to find mine (and the 911 GT2) for about $6 on some random European online store. Never thought I'd score big from going through pages of google searches.

      Delete
  12. Its an Old Post. but i realized everyone is after these guys lately. i have 18 of them in my closet. im not sure where to really sell them. but i do have the bugatti and a bunch of others. sadly not the 599x

    ReplyDelete
  13. This is why i never disclose what i collect. No offense i love Lamely. And why i don't collect series.

    ReplyDelete
  14. On German ebay,there is a Gold Enzo,going for 300

    ReplyDelete
  15. Lucky me. I got my Bugatti for $5 long time ago.

    ReplyDelete
  16. Can someone list down all those very hard to find models here???

    ReplyDelete