Mythic Legions: Why Four Horsemen Figures Hold Value
Every wave closes. Every figure that sells out becomes a secondary-market piece. That's not an accident — it's the whole model.
A mass-market line lives or dies on volume: the more units move, the happier the manufacturer, the retailer, and the licensor taking a cut. Four Horsemen Studios runs Mythic Legions on the inverse. They fund a wave through a crowdfunded pre-order campaign, produce to that funded count, and when the wave closes it closes. No restock, no reissue unless they explicitly announce one. The figure you slept on is gone, and the supply ceiling that got set in 2015 — or 2017, or 2019 — does not move.
That is why early-wave Mythic Legions appreciates instead of depreciating. It also comes with the tax every crowdfunded collector knows: these waves ship late. Twelve to eighteen months between "your card was charged" and "the box arrived" is normal for this line, and the backer forums have a decade of "where is my wave" threads to prove it. Collectors put up with it because the scarcity on the other end is real — but anyone telling you Mythic Legions is a frictionless hobby has never waited out a Store Horsemen production window.
How the line started
Mythic Legions launched as a Kickstarter campaign in early 2015. The first wave funded around two dozen figures that expanded through stretch goals to roughly 34 unique figures plus weapons packs (exact counts vary by how you classify variants and weapons packs), and shipped to backers who had committed months before production. Four Horsemen Studios — the sculptors behind MOTU Classics and Matty Collector, among other high-profile lines — built the world from scratch: no license to manage, no character IP they didn't own. Knights, orcs, skeleton warriors, goblins, elves, demons. A complete fantasy universe in six-inch articulated form, with a modular parts system that made army-building and custom configurations genuinely addictive.
The line found its audience immediately. Collectors who had grown up with D&D, with MOTU, with fantasy illustration had been waiting for this kind of figure at this quality level at a price below the sixth-scale premium tier. Mythic Legions filled that space precisely.
What makes these figures hold value
The value retention in Mythic Legions traces to three structural factors that don't show up in most modern lines.
- Hard supply ceiling — each wave is a closed production run, funded by the campaign. No reprint unless Four Horsemen explicitly announces it, and All-Stars reissue waves are communicated transparently so the market adjusts with information rather than surprise.
- Modular compatibility — figures share parts across waves. A head from 2015 fits a body from 2023. That interoperability keeps older figures relevant to active collectors building displays across multiple waves.
- No mass retail — Mythic Legions is not on Target pegs. No clearance, no overproduction signals, no price-to-move markdown pressure. Secondary market prices are not competing with a retail floor.
- Studio transparency — Four Horsemen publishes wave histories and All-Stars selections openly. Collectors trust the scarcity claims because the studio has a decade of consistent behavior to back them.
The All-Stars waves are the clearest proof that scarcity here is managed, not manufactured. When Four Horsemen reissues a popular figure, they announce it. Collectors who bought at secondary-market prices on that figure absorb a temporary value hit — but the studio's transparency means they're not blindsided. That trust is part of what keeps the collector base loyal across years and campaigns.
Wave history and the secondary market
The Mythic Legions 1.0 wave — the original 2015 Kickstarter campaign — is the early-series analog in this line. Figures from that first funding round that didn't appear in subsequent All-Stars reissues are the most reliably scarce. The Advent of Decay wave added the line's first female figures, and those hold strong secondary values because the character designs from that wave remain fan favorites years later.
Later waves added structural variety: the Coliseum wave introduced a new troll; Soul Spiller added an Ice Troll design that became a collector-favorite sculpt; Arethyr brought the first horses into the line. Each of these design firsts tends to hold value well because collectors who missed the wave and want the piece have exactly one option — the secondary market.
The line has continued through waves including Poxxus, Necronominus, Rising Sons, and Reign of the Beasts, with a 2026 Kickstarter for a roleplaying game extension also in the mix. Activity on the secondary market for recent waves is lighter because the initial campaign window is recent. The real premium shows on waves that shipped three or more years ago.
Army building: why demand stays structurally high
One behavior specific to Mythic Legions collectors amplifies secondary demand: army building. The skeleton warriors, goblin soldiers, and human troopers in the line are designed to be bought in multiples. Collectors who want a display of a dozen skeletons need a dozen skeletons. That means demand for even troop-builder figures outpaces typical single-character demand, and a figure that looked abundant at wave close starts looking scarce once the army-builders have been through it.
Army-builder figures from sold-out waves are among the most reliably liquid secondary-market picks in the line. Not the grail money that a Wave 1 exclusive commands — but consistent volume at a premium over original price, because the demand driver doesn't go away.
Getting into the line today
New collectors entering Mythic Legions in 2026 face a choice the original backers didn't: current campaign pricing vs. secondary market for older pieces. Campaign pricing runs at a meaningful discount to secondary market for popular figures. If a current wave interests you, backing at campaign is almost always the right call — you get the figure at production price and you take no secondary-market risk.
For older waves, the secondary market is the only path, and pricing reflects genuine scarcity. Do the comp work before committing to a Wave 1 or Advent of Decay piece. Know what the last five completed examples sold for, note the condition (boxes and original mailers are relevant here), and set your ceiling before you bid.
FigurePinner tracks sold comps across collector lines to give you the actual market data before you buy or sell. Look up any Mythic Legions figure to see what recent sales actually say, not what the asking prices suggest.