Ive seen these go for some good money($8-$12 each) on Ebay. Anyone know whats up with these things? Are they collectible or are they fish catchers(or both)?

Discontinued I believe. I have a few, they are OK.  Not better than the DTs.

Is it because they are discontinued,that they sell for so much?

Its because they are discontinued.

You're not gonna find another one like it.

i bought about 20 at variuos target stores yrs ago for $1.28-80 cents each

Man I wish they still made the Risto.  Killer smallie lure.

really popular up here on a couple of our lakes, its was a Tonka special lure, so guys up here that tourney fish are always looking for em.

I have 12 I use and another 60+ stored new in the box. It's a good crank, just as good as the DT IMO. My favorite is a special that is chartreuse with black back that is a killer and has caught me a lot of bass.

The famous Shad Rap mated to a Fat Rap and the offspring was the Risto Rap, or a chubbier version of the Shat Rap. Those baits are good, they 've been discontinued for around 9-10 years.  those who used them now want them: I got maybe 100 of them in different sizes and colors @ 2.00 bones a pop it was hard to resist the temptation.