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Showing content with the highest reputation on 03/26/2014 in all areas

  1. I am also a newbie brought here by the national news articles, though I am a long time collector (and remain a collector first, investor second). I agree the market has changed even in the last 12 months, and it takes more work now than maybe it did last year. But get a grip, people. LEGO has not, as far as we can tell, substantially increased the supply. While it may be harder to flip sets and take longer to sell at the price point you want, there are still only so many of each set available while demand (as others have noted) is increasing. So yes, there probably aren't any Corner Cafe or 10179 style returns left out there. But investors have been saying that since I joined this site. If you think there is a bubble, by all means get out. But I dare say those who think the investment potential is "ruined" don't really understand LEGO. If you are here because LEGO is your play of the moment, that's great and I'm happy you are able to be a part of the LEGO community for however brief a moment. I am an engineer who has been a LEGO fanatic since I was 5 years old. I can say with relative certainty that I am an engineer in large part BECAUSE I played with LEGO from an early age. Pure investors who are in this looking for the play du jour may think that LEGO is just like any other collectable, but I think this is ignorance. You just don't understand the LEGO idea. I could natter on about this, but it's been said before. Bottom line is, unless/until LEGO drastically changes their business model the market for resellers is going to be stable. Predictions of a worldwide collapse in demand sound to me like the claims the dollar is going to collapse and the U.S. will become a third world economy. Believe it if you like, and by all means get yourself out of LEGO if you feel you need to. I'll keep on collecting the LEGO system as long as I live (or until the dollar collapses LOL) and if I can make a little money on the side while subsidizing my collecting habits, all the better.
    7 points
  2. I'm 13 so any profit is better then doing nothing at all and wasting mine time with TV, Video Games, etc. If nothing else I'm learning how to run a business and be successful. -I don't always go shopping, but when I do I buy Lego-
    7 points
  3. I can't find them on S@H??!!!! Are they EOL already????!!!!!
    6 points
  4. It is a post like this which sums up my feelings on this subject and why this site was developed. There are plenty of untapped markets and sets for the LEGO investing party to continue. For those "old timers" who were spoiled by 100%+++ returns in less than a year, sorry that Jeff and I pooped on your parade. Adapt or die. The incessant complaining about the good old days and how BrickPicker ruined the market is growing tiresome. Obviously, the value of many sets continues to climb. Maybe all of you anti-BrickPicker types are choosing the wrong sets to sell. Sent from my iPhone using Brickpicker
    6 points
  5. I just don't get that argument - that everybody and their mother is investing in Lego. I live in a pretty big metro area - San Diego. Within an hour of me, there are over 15 different Walmarts. The same with Target and the other big retailers. You might think I'd see tons of stuff go on sale, but we don't. We get the occasional clearance sells, but for the most part, they don't exist. In 1 1/2 years on this site, I've found two other people that live in San Diego - and that was just within the past week. I don't know *anyone* that does Lego investing in my real life. I talk about it often with friends and family, mostly because they want to know how I seem to buy all these Legos, and finance such an "expensive" hobby. No one has ever taken my advice about investing. No one has ever come to be with more questions on where they can find sets cheap. Even when I hear about Slickdeal level type deals, and pass those along to friends and family, no one ever takes advantage of them. It seems like we tend to think we're a lot bigger than we are. It's just like any fandom. I've been apart of Star Trek, Star Wars, and Doctor Who fandoms in varying degrees over the last 25 years, and when you're in that group, you think you're a majority. But you are really a tiny tiny minority in the bigger picture. There's still plenty of room and plenty of niches to carve out in Lego investing. Slow and steady wins the race. Figuring out the strategy that works for you, and what your investment goals are, will be what makes you a success. Sometimes, though, you can't see the forest for the trees.
    5 points
  6. And how many sellers have quit the LEGO selling game since January 2010? Raise your hands... oh, wait, you're not here so you can't.
    4 points
  7. I hate to break it to all of you "Chicken Littles" out there, but Jeff and I have observed this type of graph and data since we have started keeping track well over 3 years ago. The same shape of graph, over the same time periods, with the same ups and downs, highs and lows. We have seen it for site activity, CAGR, # of sales, total $ sales and so on. It is remarkably consistent. This whole conversation is based on one seller's observations, with no other basis in fact. So I wouldn't bail on LEGO investing just yet if you want my opinion.
    4 points
  8. 4 points
  9. I thought your generation were just a me me me lazy sack of **** give me. Money while I play video games class. Good for you man. Keep doing what you're doing.
    4 points
  10. I can give you all evidence of more "sellers" or "investors" than a few years ago. Here we go. Who here was "selling" or "investing" in LEGO before Jan 2010? Raise your hand. Ok, just a handful. Now, who started AFTER Jan 2010? Raise your hand. Wow, too many to count. Come one guys and gals its not rocket science. Yes there are more. Yes the pie has to be split up more. Yes sales per individual will be less per same unit. Remember: Denial is not a river in Africa. Ok, new question. Who here was solely a "buyer" or "hobbyist" until you started "investing" or "selling". Wow, that's a lot of hands. No more need to discuss. Class dismissed.
    3 points
  11. I wish you would stop confusing us with facts. The sky is falling and we're all going to die, several people have said so repeatedly, so it must be true.
    3 points
  12. But the most important lesson most have never learned, is that this is not a get rich quick ponzi scheme. Lego is a solid performing commodity which outperforms the stock market - but it takes time to see the rewards. Sure, there's the odd quick flip. But in general, those with no patience for financial gain need not apply.
    3 points
  13. It doesn't help that everybody and their mother is "investing" and selling legos on Ebay, Craigslist, "online store", etc now. One simple search on Ebay by Average Joe, the casual lego consumer/collector, will throw a light bulb on that legos sell very well on the secondary market and then the idea is planted. After that, a quick Google search leads to many sites like this and, just like that, we have a new lego investor saturating the market. I'm sure that is happening and will happen on a weekly basis for the forseeable future, especially seeing what some of these higher end sets are selling for now. I mean, let's be realistic. This site is great and informative but at the same time is "giving away the secret" to how it is all done, right done to the very last minute detail. Delusions of grandeur are one of human beings worst traits. Not to mention the economy is not that great anymore so many of these newbies will be contempt with making only a few bucks on the side to get by meaning they are willing to lower their prices below what many here would sell their product for. On top of that, so many of us have 10-50 sets that we want to list two years after retirement, all at the same time. I mean seriously, what do we really think is going to happen!!?? One has to admit that it's beginning to get a little out of hand.
    3 points
  14. The graph tells us nothing except what the last year looked like. We need the last 2 or 3 years to make any meaningful guesses and comparisons. If the sold graphs are holding steady while the listing graph is growing, that implies that the seller pool is growing while the buyer pool is holding steady. We need 2-3 years worth to have a meaningful discussion.
    2 points
  15. $1 billion dollars Sent from my iPhone using Brickpicker
    2 points
  16. Here is to hoping they start a tradition of having a UCS set on sale for $100 each year...
    2 points
  17. EVERYTHING IS NOT AWESOME .. LEGO IS GUNNA CRASH AND BURN GET OUT NOW
    2 points
  18. What evidence (real data, not made up) do you have that supply is outpacing demand? Keep in mind, investors are NOT the supply. LEGO factories are the supply. A LEGO set in the hands of an investor isn't 2 LEGO sets, it's still just one. LEGO, as we all know, attempts to limit the affects investors have on the overall supply in the short term. Investors who buy and hold create an artificially tight supply in the short term, not the other way around. Resellers cannot affect the supply, only the current price point. In the end, only LEGO controls the actual supply. And they are pretty particular about not oversaturating the market. For the record, Brickset shows (359) 2014 releases, which includes all promo items, poly bags, juniors, Duplo, collectible minifigures, etc. Just so we're using real data. I would say 2014 is probably an anomaly with the Movie sets being an extra theme, 2 collectible minifig releases, etc. Time will tell. I am not worried. For the record, Amazon sales have been steady for me in 2014. Same with BrickLink. I don't do much on eBay.
    2 points
  19. This is not going anywhere; trust me. These modulars are not treated by the Lego group same as every other typical set they release. Regardless of popularity and/or price, we should see now that Lego seems to have more of a timed routine with the modulars and the time for this one is still a ways off as in by the end of 2016 after the Grand Emporium retires by the end of this year and then Pet Shop at the close of the next. As for the lack of chatter about the Town Hall, the reason for that is this set is nowhere near retirement and thinking of sinking a few $200 amounts on a set that will inevitably sit for a long time while taking up resources which could be better spent/used elsewhere in the meantime is just not a good idea. In a couple years, this could end up being hoarded like the Fire Brigade. Haha. Everything has its time, but right now just isn't the Town Hall's.
    2 points
  20. Sorry some of the photos may be blurry, quick shots in the darker basement (first time trying to add photos) Ah Ha
    2 points
  21. I think many investors are young like myself or past middle age. Those older people will pass away eventually or just not do it anymore cause its work and they are freaking 75. Those younger like myself well most will have life happen. Marriage moving changes etc where it's just not feasible for then anymore. I know I'm in left field a bit but I have a huge luxury right now with storage situation, money etc. Things may not always be that way. If I eve have to move the first thing *** thst would pop on my mind is damn I have a lot of lego. Do I really want to move all of these or trust movers in whatever. Or should I just sell and take what market dictates. I know this is so far from op but seems it's gone that direction of bubble speculation. Life happens and when it does lego investing is bottom of totem poll for most. My real job, gf, happiness etc would come first.
    2 points
  22. I think that there are many new resellers that are starting off on smaller sets that are flodding the market because they are not patient and do not want to sit on some of the sets for a couple of years.
    2 points
  23. Barbie Dolls. Sent from my iPhone using Brickpicker
    1 point
  24. Per Jeff's graph, the number of LEGO sold was also trending down toward the end of March 2013. Maybe just maybe LEGO is a seasonal item
    1 point
  25. This is the type of information we can supply and will supply when we launch the "premium" membership.
    1 point
  26. TC-14? -I don't always go shopping, but when I do I buy Lego-
    1 point
  27. I don't see how it could have been done much better given the constraints for part count, price, etc. I find that people are comparing it to that Cuusoo MOC, but that thing would cost a ton more if sold at retail. In reality, the vehicle it's based on is a big brown box so people are either going to love it or hate it.
    1 point
  28. I, for one, can't wait to build that giant pile of brown plastic poop. Unless there's a miracle and it goes on sale on May 4, I will probably wait a year or two to get it. There's too many other things to spend money on right now.
    1 point
  29. I know little to nothing about star wars as I've started in the past but I'm just gonna say that I look forward to selling what I deem a giant plastic poop to others.
    1 point
  30. Not a daily deal, but news -- looks like the Sand Crawler went live on the LEGO LEGO Shop at Home site this morning, marked as available May 3rd... Just in time for the yearly event... http://shop.lego.com/en-US/Sandcrawler-75059
    1 point
  31. I unpinned the preview thread from TheDarkness. I changed the title of this thread and I'll pin it to the top of the minifgure forum. I'll start merging reposts into here.
    1 point
  32. It's done. I know this because I just said it without thinking about it.
    1 point
  33. I invest in sets that don't "excite" me all the time, I mean otherwise how else am I going to explain the cinderella castle sets in my closet...am I right fellas?
    1 point
  34. There are a thousand different ways to sell Legos, it is all a matter of what makes most sense for your situation. You will get no shortage of ideas from this site! Welcome aboard!
    1 point
  35. It's actually pretty entertaining - the same folks always bring the same doom and gloom. It's either their personality trait or, my suspicious mind surmises, their way of trying to scare everyone else out of their market.
    1 point
  36. Perhaps a poll is in order, something like ... Are you a ...? 1) Investor/Reseller 2) Hobbyist (1 for me & 1 to sell down the road) 3) Collector (Just want to know about good deals for me and for gifts)
    1 point
  37. Honestly it shouldn't be watched by anyone, it was really funny in 1982, now not so much, but has as much "geek cred" as the Star Wars Thanksgiving Special. I also had to find a VCR last year, only place I could find one was Goodwill, they have tons of them. There was an episode of Burn Notice where they mentioned that the best way to keep secrets safe was to store them on antiquated equipment that no one has anymore. There's a lot of truth to that.
    1 point
  38. "....Oooookay."Bull Shannon from Night Court
    1 point
  39. It is interesting how most newer sellers seem to believe that nothing is wrong, yet long time sellers (Pre Brickpicker) are convinced of the opposite. You would not believe how much things have changed (Thanks BP) - The fact that anyone can say that there are not too many sellers is just crazy.
    1 point
  40. and to all the new sellers... Soon your dreams of selling lego will be crushed. Muahahaha Save yourself get out while you still can.
    1 point
  41. There are 5 major reasons for this: 1 Too many resellers 2 Too many resellers 3 Too many resellers 4 Too many resellers 5 Gee, I told you so. Nobody wanted to listen. Its only going to get worse.
    1 point
  42. I will be at the Lego Store the moment they open on May 4th. It's not always about the investment. Plus I got no wife and plenty of space. Hopefully they will have the 10240 for $100 also. ;)
    1 point
  43. Moving these will be no problem once EOL. Buying copies of the LEGO Batman Movie with the Clark Kent minifigure at WM for $9.96 to bundle with this set. Should make out pretty well around Christmas.
    1 point
  44. Didn't buy, but acquired a huge amount of bubble wrap at work. About filled up the back of my Pilot. I was in dire need of more packing materials, and there's no way I'm buying that stuff. I was just as happy with it as finding a deal at Walmart.
    1 point
  45. Battle over gotham does have a slightly more classic look, but I agree that the new Batplane is sweet and the whole set figs to vehicles is a grand slam. 2014 Batman sets are VERY good and I think they will have to hurt demand at least a bit for 2012/2013 sets. The good news is I think it will increase demand for the funhouse. Where else are you going to park your steam roller?
    1 point
  46. i hate it when an international buyer users the BIN with GSP and then doesn't pay for a while. Tie up my money and inventory more plz THX!
    1 point
  47. Are you under some delusion that no online business employs people or has operating expenses? I can't pay wages, along with every other operating expense, if I don't buy for resale at the right price, either. Me and Walmart, same problems, different scale.
    1 point
  48. If their parents REALLY love them, they'll buy the sets from you at a high price on eBay. You're just giving the parents a chance to prove their love to their children through their wallets, which is the way of our people. You're a good person.
    1 point
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