Yeah not sure I understand the logic of building up a huge stash and expecting to be able to cash out all at once.

It might have been a better investment than gold at some point but its certainly  not as easily tradeable.

1 hour ago, Sprocket77 said:

Yeah, but how many people involved in reselling Lego have that amount of money to drop on the full lot, especially in the UK. Can't imagine there's more than a handful. Someone probably got the bargain of the century with the full lot.

It depends on how much of it was crap. There was a lot of Red 5 X-Wings, Helicarriers, Porsches, Simpson Houses, TIE Fighters, Slave 1, Ewok Villages, etc. which won't sell for RRP for a long time, if ever. If it was all stuff that I believed in, I'd have cashed in my pension, gone to "bank-of-stepmum" and struck a deal ;-)

I just hope that the buyer checked the lot properly.

So the dude was still buying until recently if there were Porsches in the inventory?

FYI, I would be open to considering bids - starting at around 300k (I know, I'm not going anywhere, anytime soon).

I wonder how many other BP'ers would be willing to sell their entire stash at a reasonable price (and never look back).

It depends on how much of it was crap. There was a lot of Red 5 X-Wings, Helicarriers, Porsches, Simpson Houses, TIE Fighters, Slave 1, Ewok Villages, etc. which won't sell for RRP for a long time, if ever. If it was all stuff that I believed in, I'd have cashed in my pension, gone to "bank-of-stepmum" and struck a deal ;-)
I just hope that the buyer checked the lot properly.

Sounds like he cracked.

Don't crack

It's whack!

Not saying it applies here, but there are other reasons why a BPer might want to sell their stash at once. Especially in the US. I'm thinking of what happened to @diablo2112. And I know of a few folks who had to sell most of what they had due to relocations etc.

39 minutes ago, KShine said:

FYI, I would be open to considering bids - starting at around 300k (I know, I'm not going anywhere, anytime soon).

I wonder how many other BP'ers would be willing to sell their entire stash at a reasonable price (and never look back).

I would.  I'm in this for the money!  All at once saves tons of time and gas and money, so worth a haircut.  Better bring a semi to move it all though.

16 minutes ago, Phil B said:

Not saying it applies here, but there are other reasons why a BPer might want to sell their stash at once. Especially in the US. I'm thinking of what happened to @diablo2112. And I know of a few folks who had to sell most of what they had due to relocations etc.

Yeah, I´m thinking the same. If they were all sets that retired a long time ago, I could understand it but some were recent.

Plus auction means need for urgent cash.

Edited April 21, 20178 yr by Val-E

21 minutes ago, Val-E said:

Yeah, I´m thinking the same. If they were all sets that retired a long time ago, I could understand it but some were recent.

Plus auction means need for urgent cash.

Yeah, but if he sold his SSDs and 10179s for RRP, he could have just listed at triple/double RRP respectively and probably raised a similar amount of money and kept all the still-appreciating assets.  What was the point of hoarding all those 10179s to dump them at RRP?  Unless Bricktop or Bullet Tooth Tony were coming after him for the cash tomorrow, that seems like a really stupid way to liquidate your assets, even in a hurry.  The Craigslist fire sale that is the reason for this post was far more profitable, though clearly not to scale.  But he'd have investors and collectors all over the UK driving hours to come pickup sets at those prices...

5 minutes ago, Sfcommando14 said:

Yeah, but if he sold his SSDs and 10179s for RRP, he could have just listed at triple/double RRP respectively and probably raised a similar amount of money and kept all the still-appreciating assets.  What was the point of hoarding all those 10179s to dump them at RRP?  Unless Bricktop or Bullet Tooth Tony were coming after him for the cash tomorrow, that seems like a really stupid way to liquidate your assets, even in a hurry.  The Craigslist fire sale that is the reason for this post was far more profitable, though clearly not to scale.  But he'd have investors and collectors all over the UK driving hours to come pickup sets at those prices...

Maybe @TabbyBoy can fill in the blanks. Perhaps it was not the seller´s choice to do it this way.

As someone else posted recently I have zero listings on eBay and it feels great. I'm going to enjoy a loooooooong hiatus.

 

Is this the bubble thread?

3 minutes ago, Rodeogeorge said:

As someone else posted recently I have zero listings on eBay and it feels great. I'm going to enjoy a loooooooong hiatus.

 

Is this the bubble thread?

No, that´s the 10179 thread.

31 minutes ago, Sfcommando14 said:

Yeah, but if he sold his SSDs and 10179s for RRP, he could have just listed at triple/double RRP respectively and probably raised a similar amount of money and kept all the still-appreciating assets.  What was the point of hoarding all those 10179s to dump them at RRP?  Unless Bricktop or Bullet Tooth Tony were coming after him for the cash tomorrow, that seems like a really stupid way to liquidate your assets, even in a hurry.  The Craigslist fire sale that is the reason for this post was far more profitable, though clearly not to scale.  But he'd have investors and collectors all over the UK driving hours to come pickup sets at those prices...

You forgot to add this

On 4/21/2017 at 4:35 AM, Sprocket77 said:

Yeah, but how many people involved in reselling Lego have that amount of money to drop on the full lot, especially in the UK. Can't imagine there's more than a handful. Someone probably got the bargain of the century with the full lot.

Of they just took on what they assumed to be an investment that is actually a declining liability because of the issues facing LEGO currently.

It depends on how much of it was crap. There was a lot of Red 5 X-Wings, Helicarriers, Porsches, Simpson Houses, TIE Fighters, Slave 1, Ewok Villages, etc. which won't sell for RRP for a long time, if ever. If it was all stuff that I believed in, I'd have cashed in my pension, gone to "bank-of-stepmum" and struck a deal ;-)
I just hope that the buyer checked the lot properly.

red 5, ewok selling for more than RRP

just sayin