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You're probably seeing the prices due to the glut of minifigs that "flooded" eBay during the Olympics and during a summer vacation period.
Prices will go up post-Olympics especially during the holiday season.
Judo Fighter x3
Tactical Tennis Player x 8
Agile Archer x5
Flexibkle Gymnast x6
Relay Runner x2
Got them all up for 9.50ea at the moment... not sold one for about two weeks.
Anyway, I reckon their value will shoot back up again after the dust has settled, so I'd hold onto 'em for now (or at least not drop the price too much).
When you take into account the size of the teams that countries decide to enter (so have more focus on sports / athletes where the country thinks it has a chance of winning a medal), China and Team GB are very similar (0.17 and 0.18 medals per athlete).
When it comes to LEGO Minifigures though, we can be proud that Team GB has a 100% record of gold.