Hi all I'm brand new to the site from Victoria and after years of building lego as a child right up to adulthood I am now also considering some investing.

 

Just wondering if there are any ways of finding out what lego sets are soon to be retired, limited release etc?

 

Thanks

Hi !

I'm still surprised with the increasing number of australians newcomers.

 

Is there a new developing market in this country ?

Welcome!

Well, you can try looking under the "retiring soon" tag on the Lego website (only available when you set your region to the United States). Other than that, Lego usually does not officially anounce retirement in advance.

You will find rumours, speculation on many of the forums over here. See for yourself how plausible you find them.

As a rule of thumb, most sets stick around for about two years, but there are exceptions. For example the Death Star is from 2008 so entering it's 7th year of production. There are also sets that are discontinued earlier, for example the Zombies set in the Monster Fighters theme, which was just available for four months in 2012.

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Read every post you can find from a user named Emazers.

Read every post you can find from a user named Emazers.

 

 

Oh that is just mean.....Well he does make alot of good points trouble is its a repeating block of text about one angle of the LEGO pie.  It shows a good strategy but it is not the only strategy.

 

BTW welcome to the site.  Do yourself a favor and spend a couple months reading the forums and blogs.  Then come up with goals and a business plan and then execute.  And be ready to adapt and overcome in all things.

Welcome to the site.

 

One stupid yet effective way is to go through LEGO news everyday. This way you learn and build your knowledge of all different sets on the market.

 

Hope this helps

Oh that is just mean.....Well he does make alot of good points trouble is its a repeating block of text about one angle of the LEGO pie.  It shows a good strategy but it is not the only strategy.

 

BTW welcome to the site.  Do yourself a favor and spend a couple months reading the forums and blogs.  Then come up with goals and a business plan and then execute.  And be ready to adapt and overcome in all things.

 

It's also important to note that Emazers' strategy is one that requires you to tie up the largest amount of up-front capital for the longest period of time.  If you've got the money and patience, it's a good strategy, but you have to remember that he's been at this for years and already has a huge amount of working capital to utilize in executing the strategy.  When you have a large capital base, it's easy to buy up a lot exclusive sets and wait for them to retire.  When you have a smaller capital base, it's much riskier because if you time the retirement of a set incorrectly, you end up with a substantial portion of your capital tied up in a set that is going to sit for years without making you any money (like many have done with the Death Star).  If you have the money to diversity across a large number of exclusive sets, you'll be able to mitigate this risk, but when you're starting out, you have to be sure that you're timing the retirement of the sets correctly to avoid getting burned.

Thanks for the info/tips all much appreciated

Welcome!

Welcome to BP!

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great tips, gang!