This article amused me... Has anyone stumbled upon a forgotten 10179 MF in the attic recently? Mr Gold in a draw?

 

http://www.thisismoney.co.uk/money/news/article-3318616/Build-fortune-Lego-stashed-attic-ll-smiling-way-bank.html

Little does the writer know about how refreshes hurt values and how dirty improperly stored Lego gets. Yuck

7 minutes ago, jaisonline said:

 

 

Little does the writer know about how refreshes hurt values and how dirty improperly stored Lego gets. Yuck

 

But Eddie macks attic is made of LEGO and that things is worth a fortune

You might also strike it lucky with a sought-after Lego series. For example, ‘Ultra Agents’ was launched last year and early sets that were originally selling for about £40 have already doubled in value.

Read more: http://www.thisismoney.co.uk/money/news/article-3318616/Build-fortune-Lego-stashed-attic-ll-smiling-way-bank.html#ixzz3rW06tcRl 
Follow us: @MailOnline on Twitter | DailyMail on Facebook

and once again more fuel to the fire...

1 hour ago, justapilgrim said:

You might also strike it lucky with a sought-after Lego series. For example, ‘Ultra Agents’ was launched last year and early sets that were originally selling for about £40 have already doubled in value.

Read more: http://www.thisismoney.co.uk/money/news/article-3318616/Build-fortune-Lego-stashed-attic-ll-smiling-way-bank.html#ixzz3rW06tcRl 
Follow us: @MailOnline on Twitter | DailyMail on Facebook

Some people are confused between asking price and actual transacted price. Only one of these should be used for valuation for the region that the transaction took place.

hey, everyone could be rushing to buy UA sets!!!

On ‎11‎/‎14‎/‎2015‎ ‎8‎:‎19‎:‎58‎, rfish said:

and once again more fuel to the fire...

On 11/15/2015, 9:31:39, justapilgrim said:

hey, everyone could be rushing to buy UA sets!!!

 

Hehe

Edited November 18, 201510 yr by santaends

On ‎11‎/‎18‎/‎2015‎ ‎12‎:‎27‎:‎23‎, santaends said:

Hehe

 

These articles are becoming irritating; strike it rich, Lego better than gold, have a root in your loft for that UCS set you never knew you had.

Feed the bubble!

Let them post that you can become rich buying Lego, as I stated many times at least 75% of the new would be investors and think they can make tons of money fast, well don't last long, just look at all the people on this site that in the last few years you don't hear from anymore well most of them failed. anybody just starting that think they can buy all the sale items and Exclusives and become rich in a year or so are doomed, and after this Christmas there will be many more failures. People are just itching to sell stuff just to make a few dollars, I mean like $5 or so.    Ed

 

8 minutes ago, emazers said:

People are just itching to sell stuff just to make a few dollars, I mean like $5 or so.    Ed

Not me.  I'm holding out for $10  

Edited November 18, 201510 yr by zskid00

$5 profit isn't so bad on a bunch of $3 sets.

Made up percentages don't prove anything. But let's pretend that 75% figure is accurate, with all the new people trying this every day, even 25% of thousands of people is still formidable.

Just tell me when I can merge this thread with the existing bubble thread...

 

Let them post that you can become rich buying Lego, as I stated many times at least 75% of the new would be investors and think they can make tons of money fast, well don't last long, just look at all the people on this site that in the last few years you don't hear from anymore well most of them failed. anybody just starting that think they can buy all the sale items and Exclusives and become rich in a year or so are doomed, and after this Christmas there will be many more failures. People are just itching to sell stuff just to make a few dollars, I mean like $5 or so.    Ed

People that get into reselling with the intention of quick flipping to 'make it rich' intensify the saturation in the market and stump the growth of sets.

26 minutes ago, Crustybeaver said:

People that get into reselling with the intention of quick flipping to 'make it rich' intensify the saturation in the market and stump the growth of sets.

You're right, it's not "Lego investors".  

But the daily Mail articles are meh, really, a handful of middle age mothers will be telling their kids to check their old lego, convinced it’s valuable, when really it a few kg’s of heavily used city sets.  This does more damage to the used market, but it’s been dying for the last year or so anyway.  

Frankly the damage to the new market (in the UK) has been done now. I know guys, that operate in the greyer side of the business environment and they are all over lego this season, they’ll be sourcing through there long established contacts, mostly legal but grey (tax avoidance for the most part) but some not and they’ll be dumping sets over the holidays.  Sure they love making $5, 100 of $5’s at a time every week.   They’ll move anything for a few %, and if the market for that product collapses or becomes over saturated, they’ll dump their remaining stock and move on to something else.   

If you’re holding solid pre 2013 stock then you’ll probably do fine.  But after that, the only question remaining is how long the margins remain for people to stay in the game, which largely depends on the success of Lego/Disney marketing and five years of SW and MCU.
 

45 minutes ago, emazers said:

People are just itching to sell stuff just to make a few dollars, I mean like $5 or so.

Some of these people make $.50 - $2.50 on other items, so LEGO is a step up.

The article is total complete rubbish. UCS falcon and mr gold stashed away in my attic? Oh yeah. I forgot that I had those, duh. Ultra Agents ftw? That's great advice.

The damage has already been done and this article is just a reminder. All I'm saying is that if you're loading up on pet shops and palace cinemas thinking you're going to strike it rich, think again. You better be ok with making $25-$50 on your $150 investment in the next 4 years. I'm predicting that both of these sets will stall at $250 post retirement as we get through the reseller glut. I'm buying very little at RRP, including exclusives, because I see greatly reduced margins on the horizon for everyone. Buy cheap if you can folks.

At the moment the unique chance to make a good profit is to make a good choice. Forget modulars, forget $100 sets like SC, VW Van etc... $100 (or 100 Euro) is a magical border for hobby sellers which is not overstepped by them for non modular stuff. A hobby seller thinks twice to invest $200 and decides to buy 2 sets at $100 with the thought that both can increase by $100 what makes $200. For them it seems to be more probably than to believe that a $200 set will increase by $200 - a big mistake...

So the really stuff that promises bigger proffit are still all UCS sets or sets which are pretty expensive ($150 upwards) or sets which are not in a mass production (some Ideas/Architecture sets). I see really no other sets which makes sense to be horded...

At the moment I see only 2, maximum 3 sets which will make great profit in future but I cannot betray it. :-)

Mauro

(Owner of 91 MRs)

 

 

Edited November 19, 201510 yr by mauro23

Slowly, every little hidden niche has been filled by the masses - There are very few (if any) undiscovered treasures.

Eventually the time will come, happens to everything, looks like lego's is just about here. 

In 10 years when I decide to unload some stuff I'll be happy with msrp.

Not valid for older stuff, sets like MF, TM, ET will always stay expensive.

But you forget one important thing - there are to many sets at one time at the market, so that every set cannot be horded by everybody. So there will be still sets which will be forgotten until they become retired...

For f***'s sake people, chill out.  You're acting like one single article presages the full scale collapse of the secondary resale market for Lego.  As history has shown us...it doesn't.  Although there haven't been many such articles over the years, this is not the first and won't be the last.  Although each new article may draw more people in looking for a quick buck, as many have pointed out, the money isn't as easy as many think and most of those folks wash out in a relatively short period of time when the hundreds or thousands that they've dropped on Lego don't multiply over night.  As long as Lego maintains its popularity and TLG continues to operate on the same business model as it does today (i.e., with sets that are only on the market for a limited period of time), there will continue to be a secondary market and there will continue to be money to be made reselling Lego on that market.  That money may not come in exactly the same ways, same volume on a per set basis, or same timeframe that it has in the past, but that money is still there and will remain there.  My margins are lower today than they were a few years back, but I am making far more money overall than I ever did before.  If I had freaked out when USA Today did an article on Lego investing a few years back, I would have missed out on all that profit. 

13 minutes ago, mauro23 said:

Not valid for older stuff, sets like MF, TM, ET will always stay expensive.

But you forget one important thing - there are to many sets at one time at the market, so that every set cannot be horded by everybody. So there will be still sets which will be forgotten until they become retired...

Even the most ignored set is hoarded by more people nowadays than the most popular ones were horded by years ago.

There are even investors whose angle is to look to buy the crap sets (to avoid competition), but from the look of many listings everyone seems to be jumping on the crap bandwagon.