Pseudoty Posted September 10, 2017 Share Posted September 10, 2017 1 hour ago, Martae54 said: I have a completely different outlook. Personally I am thrilled to have sold mine for $50 + shipping cost (about a year ago) IT WAS FREE!!! Sold all 3 to thrilled customers who left glowing feedback. I think someone else already said it, anything past $100 feels like robbing people. I can see tons of people expected more than a TINY little box, and returning it as they expecting more. AGAIN it's $38 to acquire the parts, as there are no special parts. I think there will be a whole slew of problems arising from selling a TINY freebie worth $40 for $150-$200 ! IMHO Good thing you didn't get those 8 you bought off of eBay that the seller claimed he didn't have what would you have done with them? 1 hour ago, cladner said: its not me so it will be fun to sit back and watch this experiment unfold. same thing happened when someone cleaned out supply of Lincoln memorials on bricklink and undercutters on amazon. price doubled and then pulled back about 15% when a new round of new loballers came out. Ugh 3 Quote Link to comment Share on other sites More sharing options...
Martae54 Posted September 10, 2017 Share Posted September 10, 2017 Ugh They were low enough to undercut everyone (by quite a large margin) and still make $25 a set. Quote Link to comment Share on other sites More sharing options...
Val-E Posted September 10, 2017 Share Posted September 10, 2017 Looks like there are 3 sellers on Amazon.com undercutting each other by 1 USD. That´s all you need for the price to drop right back down. People starting to list a few more on Bricklink too now the word has got out. 1 Quote Link to comment Share on other sites More sharing options...
Dr. Brick Posted September 10, 2017 Share Posted September 10, 2017 I better find my ten I put into my storage right after I got them and sell them!! Quote Link to comment Share on other sites More sharing options...
Graphicski Posted September 10, 2017 Share Posted September 10, 2017 (edited) Remembered I had one laying around. Sold for a hundred on ebay just now. Maybe should have held on for xmas or seen if i could get more but meh ebay had a max £3 selling fee offer on, and any profit on a freebie isnt to be sniffed at IMO ☺ will help buy a palace cinema for personal build for me and gf. Edited September 10, 2017 by Graphicski Readability error 1 Quote Link to comment Share on other sites More sharing options...
Poly 30286 Posted September 11, 2017 Share Posted September 11, 2017 I had my last one posted on BL for $40 for about a month. A week ago, someone ordered it. I invoiced them, and waited. I sent a reminder, and waited. I have filed a non-paying buyer alert. The set will be locked up in limbo for as long as two more weeks if he does not pay. Do you think someone would create phony accounts to create what appears to be a run? If you lock up all the listings that are lower than yours, then you can create a perceived increase in demand, thus allowing your stock to sell at inflated prices. I'd like to think that someone wouldn't manipulate the market like that, but I have been burned by my naïve nature before. Quote Link to comment Share on other sites More sharing options...
donbee Posted September 11, 2017 Share Posted September 11, 2017 Hope this same phenomenon happens to the mini VW 1 Quote Link to comment Share on other sites More sharing options...
exciter1 Posted September 11, 2017 Share Posted September 11, 2017 Hope this same phenomenon happens to the mini VW Go in with me and we'll buy them all up. 1 Quote Link to comment Share on other sites More sharing options...
Val-E Posted September 11, 2017 Share Posted September 11, 2017 4 hours ago, donbee said: Hope this same phenomenon happens to the mini VW I thought that you did corner that market. Quote Link to comment Share on other sites More sharing options...
JDLego324 Posted September 11, 2017 Share Posted September 11, 2017 The rest of us will have to settle for 40105. Quote Link to comment Share on other sites More sharing options...
ravenb99 Posted September 11, 2017 Share Posted September 11, 2017 20 minutes ago, JDLego324 said: The rest of us will have to settle for 40105. I wish I had more of those Quote Link to comment Share on other sites More sharing options...
minicoopers11 Posted September 11, 2017 Share Posted September 11, 2017 15 hours ago, Poly 30286 said: I had my last one posted on BL for $40 for about a month. A week ago, someone ordered it. I invoiced them, and waited. I sent a reminder, and waited. I have filed a non-paying buyer alert. The set will be locked up in limbo for as long as two more weeks if he does not pay. Do you think someone would create phony accounts to create what appears to be a run? If you lock up all the listings that are lower than yours, then you can create a perceived increase in demand, thus allowing your stock to sell at inflated prices. I'd like to think that someone wouldn't manipulate the market like that, but I have been burned by my naïve nature before. This is why I usually don't NPB. You now have an annoyed buyer which still has the right to buy that item from you. You could sell it for way more to a happy customer... Quote Link to comment Share on other sites More sharing options...
Val-E Posted September 11, 2017 Share Posted September 11, 2017 In an entirely unexpected move, there are now 15 new eurozone sellers with 31 units on BL starting price 80 euros. No one buying at that price so far but one went for 100 at the weekend. Quote Link to comment Share on other sites More sharing options...
Poly 30286 Posted September 11, 2017 Share Posted September 11, 2017 5 hours ago, minicoopers11 said: This is why I usually don't NPB. You now have an annoyed buyer which still has the right to buy that item from you. You could sell it for way more to a happy customer... Within 2 hours of filing the NPB, the buyer took the X and I was able to cancel the order. It's all still very suspicious... There was no communication, no response to my message, but they allowed the hit almost immediately. I relisted at $50, and "found a new buyer" overnight. Invoiced this am. Just got paid. I couldn't stomach selling for more than $50 2 Quote Link to comment Share on other sites More sharing options...
donbee Posted September 12, 2017 Share Posted September 12, 2017 I thought that you did corner that market.What would be truly epic, would be cornering it again! Buy back all the sets I sold at a fraction of the cost, and then sell them back for a double profit. Can it be done? I need Barney to pull this off. Quote Link to comment Share on other sites More sharing options...
whoisbiggles Posted September 12, 2017 Share Posted September 12, 2017 Articles like this certainly help build the hype. http://www.kidspot.com.au/lifestyle/fitness-and-wellbeing/me-time/parents-are-going-crazy-over-legos-christmas-collection/news-story/97227032430cbf19021595b558dda85f 1 Quote Link to comment Share on other sites More sharing options...
Val-E Posted September 12, 2017 Share Posted September 12, 2017 3 hours ago, donbee said: What would be truly epic, would be cornering it again! Buy back all the sets I sold at a fraction of the cost, and then sell them back for a double profit. Can it be done? I need Barney to pull this off. I think that could work with Town Hall. Quote Link to comment Share on other sites More sharing options...
Val-E Posted September 12, 2017 Share Posted September 12, 2017 (edited) 3 hours ago, whoisbiggles said: Articles like this certainly help build the hype. http://www.kidspot.com.au/lifestyle/fitness-and-wellbeing/me-time/parents-are-going-crazy-over-legos-christmas-collection/news-story/97227032430cbf19021595b558dda85f Yeah, I think that web has identified the source for all this madness. Below is the original FB post from 4th September that seems to have started the run by linking the set to the Amazon affiliate buy page. Amazon prices moved upwards from the 5th, so they are clearly related. It has gone viral with over 1.5 million views and 10k comments (brickpicker even gets mentioned as well as lots of hate for resellers and talk about Lego firing people and charging too much for this set). https://www.facebook.com/SmartSchoolHouse/?hc_ref=ARRUlp7AAJiY_r6UMn3DmKW4ZnsFzkjDbgOtLBD4fAtv-rIvxqx3bF3CDC8XgVk2T70&fref=nf I guess once the fuss over the post dies down and people move on to the next thing, prices will fall back to 50/60 USD. Sales rank has already slipped on Amazon. Good business for those who sold in the right window, though. Edited September 12, 2017 by Val-E 6 Quote Link to comment Share on other sites More sharing options...
lukiepete Posted September 12, 2017 Share Posted September 12, 2017 Sold 4 x $100 each. Probably could have waited to get more but... a bird in hand and all that. Seems this will probably go on for a few more weeks, though I don't imagine it lasting through the holiday. But who knows? Maybe, just maybe. After all: Fads + Xmas = Crazy Times in the U.S. of A. 1 Quote Link to comment Share on other sites More sharing options...
Val-E Posted September 12, 2017 Share Posted September 12, 2017 5 minutes ago, lukiepete said: Sold 4 x $100 each. Probably could have waited to get more but... a bird in hand and all that. Seems this will probably go on for a few more weeks, though I don't imagine it lasting through the holiday. But who knows? Maybe, just maybe. After all: Fads + Xmas = Crazy Times in the U.S. of A. Viva las Soccer Moms! This is just a repeat of Beanie Babies mania - you might have made more than 100 by holding a week or two, but the market is already showing more and more listings so if you are happy with the selling price, no regrets and reinvest in 60155 Advent Calendars, which is the other set she is promoting. Quote Link to comment Share on other sites More sharing options...
KShine Posted September 12, 2017 Share Posted September 12, 2017 4 hours ago, Val-E said: Yeah, I think that web has identified the source for all this madness. Below is the original FB post from 4th September that seems to have started the run by linking the set to the Amazon affiliate buy page. Amazon prices moved upwards from the 5th, so they are clearly related. It has gone viral with over 1.5 million views and 10k comments (brickpicker even gets mentioned as well as lots of hate for resellers and talk about Lego firing people and charging too much for this set). https://www.facebook.com/SmartSchoolHouse/?hc_ref=ARRUlp7AAJiY_r6UMn3DmKW4ZnsFzkjDbgOtLBD4fAtv-rIvxqx3bF3CDC8XgVk2T70&fref=nf I guess once the fuss over the post dies down and people move on to the next thing, prices will fall back to 50/60 USD. Sales rank has already slipped on Amazon. Good business for those who sold in the right window, though. This is disgusting - Reading through the comments, many obviously think that it is a retail price, and it also shows that many still assume that Amazon has low retail prices. I wonder if the buy up of bricklink supply happened before the viral story, or was it in response to demand for the set - can anyone pin that down? Quote Link to comment Share on other sites More sharing options...
Val-E Posted September 12, 2017 Share Posted September 12, 2017 (edited) 27 minutes ago, KShine said: This is disgusting - Reading through the comments, many obviously think that it is a retail price, and it also shows that many still assume that Amazon has low retail prices. I wonder if the buy up of bricklink supply happened before the viral story, or was it in response to demand for the set - can anyone pin that down? Yeah, there are 3 types of comments: a.(easily influenced soccer mom) Take my money, I need this set and look friends maybe your kids should get one too. b.(pragmatic) Lego is too expensive, no wonder they are firing people. I could buy a hundred edible gingerbread houses for the same money c.(opportunistic) This set is retired so secondary market reseller prices apply - by the way I have one for sale for just 99 USD if anyone is interested. The post came from 4th September and the big price rise on Amazon started that same day - I guess she must have been paid to influence by someone who had a vested interest or a lot of stock to clear. We don´t have date by date sales on Bricklink but it´s clear the mass buying happened in early September because the August monthly sales were on a par with previous months. Ebay data shows less than one sale per day up until the afternoon of 4th September (European time) then MULTIPLE SALES PER HOUR that same day carrying on through to the weekend. Guess she is very good at influencing people and should really be hired by Trump ASAP. Edited September 12, 2017 by Val-E ebay data 6 Quote Link to comment Share on other sites More sharing options...
KShine Posted September 12, 2017 Share Posted September 12, 2017 This is not a case of Supply and Demand - It is a case of Deception and Stupidity. 3 Quote Link to comment Share on other sites More sharing options...
MrToes16 Posted September 12, 2017 Share Posted September 12, 2017 (edited) 9 hours ago, whoisbiggles said: Articles like this certainly help build the hype. http://www.kidspot.com.au/lifestyle/fitness-and-wellbeing/me-time/parents-are-going-crazy-over-legos-christmas-collection/news-story/97227032430cbf19021595b558dda85f "This year, my friends, we promise things will be different because Lego has come to the rescue with this amazing Gingerbread House that will look good EVERY time!" I suppose the 2015 mark on the front of the box doesn't compel fact checking. I would definitely like to see some metrics on buyers remorse when this blows over. Edited September 12, 2017 by MrToes16 Quote Link to comment Share on other sites More sharing options...
Val-E Posted September 12, 2017 Share Posted September 12, 2017 2 minutes ago, MrToes16 said: . I would definitely like to see some metrics of buyers remorse. You´ll get plenty of that from the resellers who paid over the odds to get some and aren´t able to sell them when the bubble bursts. Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.