While I fully understand where Al is coming from I hope that we have moved passed some of the notions that collectors who repaint or, have repaints done are somehow devaluing or destroying sets or, are not serious collectors. I think, and hope we have I read with amusement the calls for repaints on CS sets rather than K&C as if they are a lesser product. That may have not been the intention but, how it came across
As I say, I had one poster who commented that repaints were butchering sets!! What I have seen in the last several years is a growing move towards people who want things repainted to suit their collections and, tastes. I have also done many many repaints myself and, have seen sets sold where the price holds the same if not, makes more than an unpainted.
The Caveat is what I mentioned before the early sets like some of the early WSS and say arnhem (many more but these will doas an example) would be devalued by repainting but, newer sets IMO have not lost their value well, so long as the repainting is of a sufficient quality.
There will always be collectors who dislike alterations and collect for the original item and, are happy with what they look like. I have always found that being a modeller and painter first, I always look at a model and see what could be improved. At first, it was cleaning up wheel painting where the rubber effect had not been fully done and, then I moved onto other things.
Repaints don't often come up on the market as they are usually done for a collector who desires a specific item for them personally and, not done for a resale intention. We have not really seen what the price points are or will be until these things start coming more frequently to the market. There is also the notion that these items could and should command a better price as they are, in reality, unique sets and often one off's. As mentioned not many come up for sale but, the few that have I have seen have done well. Just my thoughts as a collector,painter/converter
Mitch