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Showing content with the highest reputation on 07/19/2014 in all areas
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I think there has to be something said for the enjoyment of this hobby/business. It's not like people are reselling copier machines. If you strictly think of LEGO sets as a commodity, you are missing out. Sent from my iPad using Brickpicker4 points
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2 points
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Can people please list set names along with #s until the numbers alone are iconic or well-known like 10220, 10221, 10179, etc...2 points
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A divorce lawyer..... probably not this one then lol http://shop.lego.com/en-GB/Minifigure-Wedding-Favor-Set-8533402 points
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Every Long Term Investor should have at least 5 or more Sea Cows for Investment, As people will be watching the Lego Movies on DVD for many years down the road. So its not that this Set will just vanish and everybody will just forget about it. Now there is plenty time to get this set, but starting next year it would not hurt to pick one up now and then. And don't forget about the Simpson House to, along with other Exclusives these 2 will do very good once retired. Ed2 points
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I said earlier his week that you have to have a goal, and know what that is. When it comes to strict profit, I'm looking to break even - I want to make sure that whatever profit I make covers the cost of the sets I buy to build. With bulk lots, I'm definitely looking to make more than I spent on the lot. However, I'm realistic about it - I'm sure I'm making less than a $1 / hour sorting through the bulk. But, I find it therapeutic. After being a manager at work all day, I'm anxious to let my mind just concentrate on sorting bulk. So, it's an acceptable "loss."2 points
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OMG people, must I explain everything to you ? Of course it is a girls only toilet. Because to boys / men, the whole jungle / ocean / backyard / space is our toilet :D :D2 points
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What if it is much more simple than most of us think and LEGO just have a very specific schedule already set up that they stick to straight forward, saying for example: - SSD will not be produced anymore past June 2014 (if stock is depleted before that, they might produce more; if stock lasts longer, there will be no new production) - GE will not be produced anymore past September 2014 (if stock is depleted before that, they might produce more; if stock lasts longer, there will be no new production) - DS will not be produced anymore past December 2014 (if stock is depleted before that, they might produce more; if stock lasts longer, there will be no new production) I mean how probable can it really be that such a big company decides about EOL dates seemingly on a day-to-day basis? I think this is not probable at all. There is no infamous "guy" that is constantly changing the status display on the LEGO Shop at Home site... it is just a program checking the incoming data and stock. I guess LEGO already had its plan ready in say December 2013, with fixed EOL dates for the whole year of 2014 - maybe EOL dates where set up for the end of every quarter or even half year. And producing or not producing and relocating and stuff is just a reaction to the changing stock situation not because LEGO are constantly changing their mind every day. So I would rather look at what happens after the end of each quarter instead of looking at everything all the time.2 points
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I picked up a bulk lot on Craigslist today and just had my first dealgasm. It was a 30 lb. lot for $70 which was great by itself. I just flipped through it real quick and there was a Robie House on top. Can't wait to start sorting. Sent from my iPhone using Brickpicker1 point
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Definitely not too many colours, I don`t even think that would be possible honestly! The more than merrier, a larger spectrum will allow for more detailed models and MOCS, so no, I don`t think there could ever be too many.1 point
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Death Star. "The ability to destroy a marriage is insignificant next to the power of the force."1 point
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I wonder what it would look like if the MF had to come in for a crash landing on a desk during a meeting. That would be a great sight.1 point
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Mini cooper. Delivered already! Super fast. Ordered yesterday! Verzonden vanaf mijn iPhone met behulp van Brickpicker1 point
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Smooth out sales of GE? This is one set out of hundreds. I don't think they are trickle feeding us GE. 27R4 could just have been a repackaging/relabeling run of damaged inventory. Or a small run to fulfill orders already placed. Otherwise it would have flooded the stores again: Target, TRU, etc. If 27R4 was a regular sized run, it should have been made to mass consumers already by now. Why would you sit on product that can be depleted so quickly?1 point
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This is what I was wondering. I want one, but I am not sure I want to buy the minicooper yet.1 point
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1 point
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Hobbit ''exclusive'' from sdcc this year http://www.hollywoodreporter.com/heat-vision/comic-con-lego-offering-hobbit-719563 many speculate it will come in the 2nd smallest set though.1 point
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over the past few weeks i've built 7181, 10212, & 10175... i would like to thank some fellow BP members for helping me track down some good deals on these sets1 point
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Now we hope the Lone Ranger train follows suit of 4195 Sent from an iPhone using the Brickpicker app1 point
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Ever heard of Orc Forge? they did it for 6 months, every couple days it would go from Available, to back order, to sold out, to call for availability. While GE may still have some life left in it from my expeirence when they start playing these games of changing availability it usually means its on its last legs and will be EOL sooner than later.1 point
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Bought 39 Lego movie packs for $2 CDN each brings me to 97. My walmart must of had them buried somewhere as this is the second time they showed up on shelves and I cleared them out. Sent from my Unknown using Brickpicker mobile app1 point
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Great to see better images. As I said earlier it was the first thing to catch my eye in that clip! Would be awesome to see that ripping down a Lego made street1 point
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I love doing that to people at work - but yeah in this case I agree it was a legitimate question. bricklink is really hard to navigate sometimes.1 point
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Haven't read the forum today so may already be discussed, but I'm building the Mini Cooper now and at the end of the first instruction book there's the expected modular street advertisement. The GE is not there, there's TH, PC and PR but interestingly there's no Pet Shop.1 point
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Probably every set....LOL. You just don't pay attention to most of the "regular" sets going in and out of stock.1 point
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Come on all Lego investors are required to be master builders you got this.1 point
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You know what baffles me? They can do unique printings for such limited items as the new Unikitty, but doing decent prints for the Mini Cooper (front emblem is ugly as hell as a sticker) or Orthanc would be too much to ask for? I am beginning to be seriously disgusted by this level of monetization.1 point
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I don't. Unless they REALLY run out of ideas and put a Death Star 3 in Episode 7.1 point
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So it went from an investment flop to being valuable in 6-7 years? Are we being punked right now? Where's Ashton?1 point
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I disagree with a majority of this. For one, I don't need a second job, nor want a second job. Could I find one that pays $20/hour, of course I can. But that would be work. Buying and selling from my home is not even close to work. It's actually a stress relief from my real job. As far as being a hobby, it most definitely is. The only thing my investments or flipping does is provide more money to have fun with and scour deals looking for good buys. That is the hobby, and that is the fun part for me. I have a pension, I have a 401k, I have other savings and investments. For me, it's nothing more than disposable time I would probably be wasting somehow else. But, good discussion and a fun topic.1 point
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After reading hundreds of thousands of posts(...and that is just The Orc King...LOL) on this and other sites, people need to have more patience. Time is your friend, but many people think week to week, month to month. Many of you already know how I feel about short term flipping...I really don't recommend it. Why? Because as many have mentioned above, flipping sets for many members equates to a minimum wage type of job. Now don't get me wrong, you can make money short term flipping sets, but how much money for the time invested is the real question. There are some exceptional sets at times that can be flipped for a solid profit, but they are the minority. This is also not a knock on small sets. I just bought 20 smallish sets from Amazon and Target two days ago, so I am a believer in small sets. But you need to market small sets properly to get the best bang for your investment buck. Flipping $15 sets one at a time is a waste of time IMO. You are better off coming up with creative combinations of sets(lots) that might entice a buyer, which reduces commissions slightly and saves time on shipping and packaging. Back to my original point, expectations are too high given the time frame in which many work with. LEGO investing is not a 2 or 3 month process. It can take years. People getting involved need to invest money that they "don't need to live off of." If you need to short term flip sets to make rent payments, you will be homeless soon enough. Do some people pay their rents/mortgages off of LEGO reselling...yes, I'm positive there are some that live off of that money, but the vast majority of resellers cannot make enough to support themselves. The exceptions might have a true knack or insight to picking the proper sets or connections to locate cheap products. If you get involved with LEGO investing with eyes wide open and some spare cash, space and time, you can make some decent money. Otherwise, it's a a lot of work for a little money.1 point
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FYI - WM batch from Ontario, CA arrived today in shipping boxes. Some rough but mostly in good shape.1 point
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I do find it a little comical when people add in the the "cost of time" to sell the items. This would most definitely be true for those who rely solely on sales to pay their bills. For most of us, it's a side hobby and we have a full time job. The "cost of time" to sell is only applicable if you would be doing some other money making venture at the same time. If the time you used to sell would otherwise be spent watching tv, going to a ballgame, eating dinner, going on a date, etc. the "cost of time" is actually ZERO.1 point
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^This. Many inept sellers never realize they work (and sometimes work very hard) for below minimum wage and or no wage at all. If a hobby seller goes into this knowing that fact and does it anyway (because they're willing to give over some of their hobby hours to selling some LEGO and maybe help to defray the cost of some other LEGO they can use), it's not a bad deal for them. But for a true investor or reseller looking to make actual profit, it can be and often is a VERY bad deal once you factor in time sink and consider what other paid work you could get for that same amount of time. And lets not forget opportunity cost with tied-up capital and space/quality of life cost with storage of inventory. I'm not one to discourage anyone else from making money, and there are definitely ways to make money in LEGO, but self-deception is a costly habit and should be avoided. Looking at two numbers, "I paid $20, someone just sold one for $50, so I've made $30!" is just plain foolishness. Kidding yourself that you have "no costs" because you sell on CL or find your own recycled boxes is just plain foolishness. Cost of Goods Sold. Time. Storage. All Other Expenses. Start adding those up, consider opportunity cost, and determine what you're actually making. Selling LEGO is simple, but it's not easy to make a profit - that takes both work and basic accounting skills.1 point
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Make sure you are factoring in sales cost. It is very easy to fall into trap of thinking - oh, my brickfolio shows I am up 30%! whoo-hoo! But that's not ROI, it is just hypothetical gross value1 point
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For fear of throwing this in a different direction, here's my thoughts on another one: TLG isn't out to get you Conspiracy theories make for fun conjecture and great theater, but TLG is not a puppeteer organization pulling the strings of retirement decisions and inventory in an effort to screw with the secondary market. Have they implemented broad policies aimed to curb resale? Sure - we all know about their policies to restrict B&M exclusives to the Lego Store and eliminate discounts on exclusives. But retirement decisions are made well in advance of stock shortages. Sets pop in and out of inventory based on the inventory leveling their warehouses perform routinely. There isn't someone in a Lego lab coat behind a laboratory bench with a mean look on his face mixing fluorescent chemicals to figure out the best recipe to mess with resellers. Similarly, S@H bans occur when a buyer's purchase patterns fall within pre-established "red flag" criteria. You will risk a ban if you exceed purchasing limits, not when the TLG sales manager misses his/her morning coffee. Other than the occasional ban of a VIP member with the same eBay account name, S@H almost always bans people for buying too many exclusives too quickly. A little bit of prudence in timing and quantity of purchases can go a long way to protect your good standing with S@H. Newbies should relax about buying from TLG. Stay within the purchasing the limits, limit your exclusive purchases on S@H, and use Lego Store and S@H to take advantage of the good promos and giveaways, rather than to purchase 40 of one exclusive. Use other the retailers to build your exclusives inventory.1 point
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Well put! I personally invest on the side, I`m a collector first and fore-most. Said it before, but to me this is a hobby that I hope will eventually pay for itself. Not a source of income, part of a business, etc. Keep track of everything and as always, pay my share of taxes. Haven`t sold a whole heck of a lot online anyway, so haven`t really had to worry about that department. Still though, this is fun, being a part of the community is fun, and I hope it will continue to be just that. It`s great to have a hobby and a place to discuss it with others who enjoy doing similar things. Honestly I just look at it like that, try to be realistic, while at the same time allowing for a bit of imagination. Thanks everyone for making the community here great, and of course, thanks to Jeff and Ed!1 point
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I'm not a huge fan of people spreading mis-information to newbies... but on the other hand, people who are looking for "easy money" are going to fall for something. If it's not "quadruple your investment by Saturday by selling in the TRU parking lot!" here, it'll be a Nigerian prince who wants to send you millions of dollars for the low-low price of a couple thousand, act now and you'll get a set of steak knives. I don't think there's any way to save people who won't do their own research and can't operate a calculator.1 point
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People also have no patience these days. It is all about instant money and expectations.1 point
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I'm still in the scoffing camp. Other than the fact that they are available again, which doesn't require a seal code to know, what does it tell you? Did they make enough to last 1 month or 6 months? When that run is done, will they make another? Will they make another after that? All the codes do is tell you about something that has already happened. Without at least one more known variable, like production run size, they're just a novelty.1 point
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Here is my hope for the next "batch of retirements" Chima Lion Chi Temple Friends Summer Riding Camp Passenger Train Cargo Train SSD GE Also Jabbas Palace1 point
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Spoken like a veteran ... Good job. IMO this set is on it's last leg. Many of us snagged quite a few during Walmarts managers sale last Xmas and it was close to $10-$11! So get them while u can. Like u said this is the only set with superman and Wonder Woman in their original costumes. Wonder Woman is due to have a new figure done when batman Vs superman sets will be released as she is in the movie. But most likely she will have a new modern costume.1 point
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as of right now I have 47 Black Pearls and 42 Queen Revenge, and when Costco had the Black Pearls for $59.99 on Clearance since nobody was buying them I should kick myself for not buying 100 of them. Ed1 point