This piece should have covered how Lego bought Bricklink and effectively took control of its own resale market.

@Morgulvale_

Жыл бұрын

Yep. This is one of the biggest concerns. LEGO are now the biggest player in the second hand market of LEGO...

@HeyJinx

Жыл бұрын

Ok? And?

@matthewameel1741

Жыл бұрын

Really that is interesting. I'd like to know more about how that is not a conflict of interest...

@square-on-wheels

Жыл бұрын

And the Bricks and Minifigs retail stores.

@isaacnaim7206

Жыл бұрын

@@Morgulvale_ What are the implications of this?

I loved Lego when I was a kid and always thought I can buy good ones when I grow up. Then when I make my own money, the price of Lego increased dramatically. Then this...

@studebricker2845

Жыл бұрын

Most sets are under $100 soooo.....

@digitalrandomart3049

Жыл бұрын

Lego increased in price but not dramatically. it was always expensive

@angela_somanythings5670

Жыл бұрын

You make over 7% a year!!!

@NaviRyan

Жыл бұрын

The adult sets prices are insane Lego bowser $350, Lego black panther $450, the new lord of the rings $600!

@studebricker2845

Жыл бұрын

@@NaviRyan I mean, most sets are around for two years. So if you can't save up a couple hundred dollars in that timeframe, you probably shouldn't be buying Lego.

The speculators tend to cause the Lego group to over estimate the demand for sets. Collectors and casual consumers are what grew the hobby. Speculators can ruin it. People see the returns and think they can do the same without knowledge. I’m glad we have people that resale parts and sets. It’s definitely not easy. But I think there are things that can harm the hobby. Never thought I would see a video talking about Lego affordability. Odd way to describe it. Sealed set selling is too annoying for me. I prefer to sell by the piece

@SketchingNinjas

Жыл бұрын

Yeah, it'll be interesting (and sad) if speculators do to Lego what they did to the comic book industry in the mid-90's, with the speculator boom and bust that wrecked the industry.

@suddenbrickproductions

Жыл бұрын

You mean a bricklink operation?

@PriestessOfSlaanesh

Жыл бұрын

???? Piece Selling is much more effort . I do both.

@studebricker2845

Жыл бұрын

The Lego Group is doing just fine estimating the demand for their sets. Speculators aren't ruining anything.

@Cam-Arts

Жыл бұрын

Very good point! If you plan to start any kind of business or trade activity (in any market), you should first thoroughly study business and economics so that you don’t unintentionally hurt the market.

Biggest lesson of 2022 in the stock market: Nobody knows what is going to happen next, so practice some humility and follow a strategy with a long term edge.

@Rachelschneider03

Жыл бұрын

Nobody knows anything; You need to create your own process, manage risk, and stick to the plan, through thick or thin, While also continuously learning from mistakes and improving.

@MariusNatt

Жыл бұрын

@@Rachelschneider03 Nobody knows anything; You need to create your own process, manage risk, and stick to the plan, through thick or thin, While also continuously learning from mistakes and improving.

@ReidCoffman1

Жыл бұрын

@@AshtonGrace Amy really seems to know her stuff. I found her online-page, read through her resume, educational background, qualifications and it was really impressive. She is a fiduciary who will act in my best interest. So, I booked a session with her.

"Lego Tron" (points to the Voltron set). Today everybody and his grandmother are Lego investors.

@Kyu1LL

Жыл бұрын

Then he said TIE fighter and points to a pilot bust lol

@studebricker2845

Жыл бұрын

Surprised they didn't do a "take 2" on that LOL

@gonkdroid8279

Жыл бұрын

@@Kyu1LL Honestly a bit face palm inducing for me, seems like it's much more about the money than the passion for Lego for him

@19turtledog

Жыл бұрын

vol-TRON........ he knew what he was talking about

@19turtledog

Жыл бұрын

@@Kyu1LL it was a tie fighter pilot helmet

Biggest issue by far is people coming into the hobby with none of the love and expecting to just make money and scalp.

@benwalters6084

Жыл бұрын

Their mistake is that if they fail, or the price doesn’t appreciate, they’re screwed, but if same happens to me, I’ve just got more legos 😊

@chinchillamdgamer

Жыл бұрын

Dude that guy intentionally "locks" away sets for years to increase value. Some might say that's an excellent business strategy.... I call it evil. An even further way of scalping tbh. Plus he doesn't do it in a small 1-3 sets, you can see he has MANY MANY sets being stored....

@benwalters6084

Жыл бұрын

@@chinchillamdgamer yet you can find most sets on Bricklink for a reasonable price, and you can always part out what isn't available at a reasonable price. Of course you'll always have a few that just balloon in value due to their popularity, unique nature, and limited release, but again, it's a toy, it's not evil.

@Bart-Did-it

Жыл бұрын

@@benwalters6084 in 20 - 20 years time plastic toys will be banned . Your drinking water is fully contaminated with plastic now globally . U.K. drinking water has 100 particles per pint . After that Lego will have to make metal or biodegradable toys or wood and they will die like the rest of the high street. Then Lego Will he worth 100 times is current value nuff said . This is already in motion .

@benwalters6084

Жыл бұрын

@@Bart-Did-it I live in America, not a nanny state. I might die of cancer but at least i'll have my fun bricks.

What I love about Lego is their ability to meet demand, we've never had significant problems with scalpers while sets were in production.

@mobiusbelts3607

2 ай бұрын

What do you call significant?

buying products with the intent of flipping them for a profit: scalping buying legos with the intent of flipping them for a profit: investor makes sense to me

@spaceygnat19908

Жыл бұрын

Scalping is buying something that in high demand now and selling it for a mark up price Investing is buying something that might have a high demand in the future. I thibk you forgot the part where it can take years to see a profit.

Knowing how to spot the set and knowing when to sell it is really key. I think it's a great hobby to make a little extra money on the side, but should really not be taken as a serious method of investment

@russellrivero6356

Жыл бұрын

That’s what I agree with as well. I use LEGO investing to pay for my hobby’s on the side. Nothing more than that.

@truecrimejungle

2 ай бұрын

100%. Curious to see how lego investing works in the future - I know sets still go up...but I don't think it's like it used to be - we all opened our lego as kids - thats why it's so valuable now, not many people invested or understood it's potential...Today, half the lego sets bought are by investors...It won't have the same future value as it did, imo. Alot of "investors" are basically just black market "retailers" lol because you really need to economy of scale to make decent money.

He's so happy about the Recession coming in, like he's super excited to be witnessing it.

@Motorsportsgeek

Жыл бұрын

People saying "coming in" are special, we've been in a recession for quite a bit now..

@Nitrotix1

Жыл бұрын

We've been in an artificial recession for like 3 years.

@Motorsportsgeek

Жыл бұрын

@@Nitrotix1 That's not true, 3 years ago the market was as high as it ever was and everyone was sure it was going to keep going up like that which clearly, it didn't

@Nitrotix1

Жыл бұрын

I was refering to the start of the "pandemic", so 2 years and 9 months. Yes, the economy was going in a good direction prior to that, probably why desperate measures were resorted to.

@nickh2053

Жыл бұрын

Be fearful when others are greedy, and greedy when others are fearful. Economic downturns SHOULD get you excited because they’re opportunities to buy assets at a discount.

Correction, she said like wine, no no, you can still sell it open because some like just wanna build but not pay the cost of new or go into lego trade in shop!

@kingkyrgios

Жыл бұрын

Yep. Even used Legos can be resold - literally the best product ever created

@explorer4734

Жыл бұрын

I have a shop in my nearest city that sells used and brand new retired/new sets! I recently sold my ninjago city and ninjago city docks sets to them which shows there is still a market for used sets!

@jaikavi5464

Жыл бұрын

You’re right, that was a bad example she gave. No one wants an open bottle of wine. But an open set of Lego can fetch a great price if complete

@kylear6120

Жыл бұрын

Ive sold used sets for a decent return. I save the box instructions and every piece. That way it still feels like new

@superlbc

Жыл бұрын

Yeah, it doesn't seem she the expert she portrays herself to be...

I considered doing this a while back when buying sets to build myself. One to build, one to sit on and sell later. I decided just to buy myself more sets to build. No regrets.

@chinchillamdgamer

Жыл бұрын

Thanks for not being extra evil like him. Storing MANY sets for MANY years just to increase the value sounds a little too greedy. Isn't this what the diamond market did to us all to a large scale? And he's got so many!!!!

@Mnassify

Жыл бұрын

This is the way 👍🏻

@rileymims1878

7 ай бұрын

My thoughts exactly! I considered getting into LEGO investing but their are so many sets I want for my personal collection so why not use the money to get awesome sets for me to enjoy personally!

I've been collecting Legos for over 10 years. You will NEVER see a Lego set decrease in value especially Lego star wars. The community is massive and all the sets are interactive. I'll be playing with Lego the rest of my life

@lifeisshort.stopwastingyou9600

Жыл бұрын

whaaatt??? star wars is the most completely boring line of them all.. boring theme, boring colors. i've been collecting legos longer than you and i never bought a star wars on purpose

@jacobb1316

Жыл бұрын

I guess you are not a fan of Star Wars and neither am I but that doesn’t take away that there are a lot of people interested in Star Wars

@nate2933

Жыл бұрын

@@lifeisshort.stopwastingyou9600 you have no rate

@avaviel

Жыл бұрын

Even after the set is opened and used it retains value? Aka kept together and built following instructions, with the instructions.

@matthewtschetter1953

Жыл бұрын

@@avaviel it's more valuable sealed, but opened and completed sets will sell AT LEAST retail price. Minifigures especially hold their value.

It’s a really good investment for people who actually like to open and play with them. I buy most of the big sets, open them, build them with my kids, play with them, then sell them a couple of years later when my kids are sick of them. Even used, you make a huge profit, especially if you can sell locally and avoid shipping. The huge earnings are a happy byproduct of actually enjoying the set for legitimate play collectors. I have made thousands all while actually enjoying the product.

@champstation143

Жыл бұрын

Thanks mate for your smart words! I have tons of bigger sets and none are sealed, all build standing around collecting (just a little) dust.

@MistaTofMaine

Жыл бұрын

Agreed, they hold their value. Held onto all ones had as a kid then passed on to my kid. Value wise apparently worth more now than when they were purchased.

@tefnutofhoney2832

5 ай бұрын

This, exactly. The investments only worth it if youre not only doing it for financial gain

It’s sad really. I respect those who take their time to do all of this, but as someone who loves to simply BUILD and display them, I feel a bit of emptiness when all anybody wants to talk about is how much they’re worth..

@DoughboyDoc

10 ай бұрын

i personally have certain pieces and figures i know i won’t ever let go of, i had a huge collection of lotr and hobbit and after those skyrocketed , since i had no interest in the theme anymore, a payday felt a lot better than keeping some plastic in a box in the garage

The good thing about Lego is that unlike mechanical watches or something, you CAN get the sets new when they come out without much trouble.. they manufacture enough of them.

There are inaccuracies in this. The Lego TIE fighter helmet was not originally $30. Retail value was $60. Big difference

@kylestrating

Жыл бұрын

He bought at a discount. The key is to obviously never buy at full price in order to maximize your return. Stack discounts, retailer rewards programs, etc. 50% off is certainly not a regular thing to expect but definitely not unheard of by any stretch either.

@michaelfinny7538

Жыл бұрын

@@kylestrating This could well be so, but it is not clear from the way the video was presented. If this was the case, he needed to make that clear so it’s doesn’t sound like the profit is misrepresented.

@faustosantovito7106

Жыл бұрын

@@michaelfinny7538 Yeah i feel like this video was made by some intern in one weekend after the interview...

@aaronakhobadze4498

Жыл бұрын

Same with Lego “tron” LEGO Voltron sold for $180 at retail not $100

@kylestrating

Жыл бұрын

@@aaronakhobadze4498 again, the goal is to buy at a discount to maximize returns. No one who invests in LEGO sets buys at retail price. Stacked discounts.

Lots of storage space required for the average person to make any real money.

@faustosantovito7106

Жыл бұрын

Yeah its just a neat use of space IF you have some left over. I don't think the economics when applied to storage costs hold up as well as when you are just using up unused space in your house/apartment.

The concept of supply and demand has existed since the dawn of time. Some people invest in cars, or wine, art, watches, antiques, toys, or a million other possibilities. Are they all scalpers and spoiling the fun for everyone else? Of course not. Rare items increasing in value is an economic principle that's been around forever. If you didn't get around to buying something when it was readily available, why would you expect to get it for the same price when it's no longer on the market? People will always pay a premium for something that is rare. Lego is no exception, so why do some people expect it to be any different to any other product or commodity?

As someone who's been buying Lego STARWARS products since 2000 I figured this was a growing niche that's only going to boom. *Edit had to fact check the year my Dad bought them for me and changed the year.

@colors6692

Жыл бұрын

It was niche about 10 years ago, every one and their uncle is doing it now, completely saturating the market!!

@ChristopherCabello

Жыл бұрын

@@studebricker2845 I wouldn't doubt it lol. My dad would buy me the first Lego starwars sets from KB toys. I was probably 4 or 5.

@shuki1

Жыл бұрын

Disney diluted the Star Wars brand for the near future, perhaps the market will recover in the next cycle.

@lottnio8207

Жыл бұрын

You apparently were able to buy them before they came for sale in 1999. That’s a feat.

When theres a video about Lego investing by the Wall Street Journal, then the market is far too saturated

Hobbies should never be about " how much it's worth " just enjoy it

Great serie on niche markets

loved this niche markets, make more pls

The term 'scalpers' is meant for people that buy things like music concert tickets with no intention of going - tickets with a very limited supply, for one venue, on one specific date. Whereas Lego sets are on the shelves for anything between 1 and 5 years, and are available online and in stores worldwide. So if someone wants to buy 10 identical sets during that time, they are not scalping, because anyone can buy those same sets (as many as they like, at retail price or on discount), within the same time window. It sounds like investors are being labelled 'scalpers' by people that are either jealous (because they don't have the time, or money, or space available), or they don't really understand the term scalpers properly (or indeed the Lego investing market). There's plenty of stock for everyone - kids, adults, builders, and resellers/investors. Just enjoy it, and if you want a set - then just buy it at retail or discounted when its readily available. Simple.

@dylandickson6029

7 ай бұрын

Hit the nail on the head with this one

@big.boi_v1795

5 ай бұрын

Nah, I don’t like ppl who go into the store and buy 50 of the same set

@vorpalweapon4814

5 ай бұрын

Its really nice of you to socially redeem the scalpers but the resale market has only gotten worse as a result of them. While vitriol is not appropriate, frustration at the difficulty of getting slightly older sets is warranted I think.

@stevesherwood2944

5 ай бұрын

@@vorpalweapon4814 @vorpalweapon4814 They are not scalpers though, which was the key point. That term is for people like touts, that buy sports or gig tickets - exploiting a very limited supply of a commodity over a very short period. As my post clearly states - anyone can buy any Lego set (in any country in the world...) on any day of the year whilst its still in stock. But when something is no longer available, then the price goes up. That fundamental law of economics has existed since the dawn of time, and is the foundation of basic trading. A defined number of Lego sets retire every single year, and a list of these sets is even on their website. If you think Lego investors are buying up all the stock, then I think you'll find the reality is that over 99% of the sets sold are bought by people that build and play with them (or give them as gifts). If you're not in that 99%, then don't blame the 1%....

@stevesherwood2944

5 ай бұрын

@@big.boi_v1795 If those 50 sets were the last 50 in the whole world, then you'd have a point. But Lego will always keep making sets until they retire - and until that point, they respond to market demand. They don't launch a set with a fixed sales/stock figure in mind - if people buy more, then they simply keep making more. There are still 70 sets on the Lego UK website available to buy which were all due to retire in December. Many of them are tipped to be great for investing, so the idea that investors are 'buying up all the stock' is a total myth - otherwise they'd have all sold out in December. Paying more for a product that's no longer available is a universal law of economics for every commodity in the world. If I want to buy something that's no longer in stock, then it's my fault for not getting it when it was freely available in stores or online. If I still want that product, then I'd expect to pay more - whether it's a car, a watch, a bottle of wine, or a Lego set...

Imagine being his kid and not being allowed to play with all the legos

Quit messing with a toys price and jacking up a market that is already insane. scalpers suck and will never get any of my money.

@jamm8284

Жыл бұрын

I was thinking he keeps saying thats how much they are on ebay... Ye because hes the one putting them on for that price then everyone else puts them on for the same thinking thats the going price.

@AndrewJBricks

Жыл бұрын

Supply and demand. You’ve had that time to pick up the set. If it’s gone that’s on you

@oldfreddyfrenchfry1

4 ай бұрын

Setting a price doesn’t determine its value. What people decide to pay does it. I’ve seen plenty of sets not sell b/c nobody agrees on the value. So eventually the price comes down, lower offers eventually get accepted, the bidding stalls out, etc.

Then Lego makes the old sets again and ruins the market😂😂

@ToothlesstheNightFury510

Жыл бұрын

the only sets they’ve “remade” are still different versions and are like 20 years from when the original released and only a few have come out I believe

@RStickMan22

Жыл бұрын

And owns (partly) Bricklink to get their hand in the reselling market.

@faustosantovito7106

Жыл бұрын

Simply a risk you calculate in. Have to say the 100-150% returns they talked about are misleading as it doesn't include any costs such as storage, shipping, ebay fees. But personally year on year 30-50% including these costs + losing sets makes it quite nice. Especially because it's way more enjoyable than any other alternative investment I have.

@tylerwest3820

Жыл бұрын

Almost never happens

@benjaminlehman3221

Жыл бұрын

@@tylerwest3820 I know but still funny

Should of interviewed me

Cool that WSJ covers Lego investing! :)

Now it’s too many Lego investors here in Thailand. I think in the future, the resale price will not create huge profits like today or in the past. Another point is Lego also release too many lines/sets it’s getting harder to buy all or estimate the future prices. For those reason, I’m out. 😂

@ikillwithyourtruthholdagai2000

Жыл бұрын

Yeah lol after the vid the whole market is gonba tank for 99% of sets

@AROD617

Жыл бұрын

agree so many people have the same idea .. so the profits will shrink.

@uwone7778

Жыл бұрын

They key is you have to be willing to enjoy the sets if they don't appreciate in value or the market crashes. If it does, I'll still be just as happy.

@bobshagit9503

Жыл бұрын

lol no one advertises an industry is booming... until its about to burst i can literally print any lego they make with a 3d printer.... they know this and are trying to cash out now

@uwone7778

Жыл бұрын

@@bobshagit9503 you should do that. I'm sure you'll sell dozens.

LEGO is for building and enjoying…

@AndrewJBricks

Жыл бұрын

And money!

@ikillwithyourtruthholdagai2000

Жыл бұрын

YOU HAVE TO BE CRYING

@Motorsportsgeek

Жыл бұрын

Plastic gold baby

@oldfreddyfrenchfry1

4 ай бұрын

True, while these people aren’t enjoying the build, they’re preserving sets to be enjoyed by others who discover a set after retirement. My family has been enjoying many retired modular buildings b/c someone chose to leave it on a shelf for years after it retired. It’s kinda like a museum auctioning off pieces of history so their stories can live on in those who came after the object’s time.

I have a massive LEGO collection, worth over $13,000, that’s great but I buy them because they look cool and make me happy not to sell them and make money

Although I like my set to have value, I sincerely hope people don't "invest" in this kind of thing. It is purely because there are already so many cases where all these "investors" that have near to no interest in the thing itself and purely looking out for monetary gain just destroy the hobby. Lego is precious not because of the set rarity alone, it is because it has a community, and there will be no community if people cannot afford it.

We love our Bricks and Minifigs!

It’s a whole lot harder than it looks. If you have a spare room to store Lego for the 5-6 years often needed to turn any sort of profit, you might be better just renting out the room

@menikmati789

Жыл бұрын

Good point I hadn’t considered

@DJTXD123

Жыл бұрын

5-6 years? You hold most for a year or two

All previous comments I’ve made on KZread regarding LEGO have changed can’t remember what they previously were but yeah people who collect LEGO make sense and are cool. Not everyone has the time to be building their sets either so a shout out to them and yeah thanks for collecting LEGO and keeping them in pristine condition.

If worse come to worse, the parts alone can be sold of piece by piece on the secondary market. So even if an investment, if you bought in during a sale, you can partially recoup.

You should also make sure your investment is covered by insurance, and that you are not living in a disaster prone area such as floods, tornados, wildfires, etc.

I dont really care that much to invest into lego, I love building legos because It keeps your mind off things and your just focused on building. If I invest in lego I usually only grab a 5-10 of the smaller sets and 1 to display.

The real winner here is Lettrick, that got a free ad on WSJ to talk about his business.

What seems to be missing is a lot of expenses and equivalency. Storage, even if it’s an empty room in your house is still an expense that can be calculated. It’s estimated an extra living space is worth 5.9 percent on average. Like if you paid 300,000 for a house and are using the extra room as storage, that’s 17,700 storage expense, not even factoring in the terms of the mortgage, which I would assume significantly increases that number. Shelving cost, personal time put in, are all expenses that can be calculated also. Equivalency also seems to be missing. Average inflation year to year has been around 3.5 percent, and even higher the last couple of years. I would love to see these factored into the profit. It seems like the break even point is actually a lot higher than original retail value.

The crazy part about it all is he only touched on selling collector/exclusives sets for 4x the original price. If you delve into the more niche Lego themes like Bionicle, which has long been discontinued, some of their figures are selling for 10x what they were originally sold for. And then you have super exclusives like the Mr. Gold minifigure…

@AROD617

Жыл бұрын

yep and i have one of Mr. Gold

@tefnutofhoney2832

5 ай бұрын

Bionicle inflation isnt that high for most sets, unless youre a snob who only wants mint, in box, graded, hermetically sealed in a metal case since 2010, quality. The only ones that really feel the sting are larger sets like gadunka, and the same happens with system there, and anything that had a particularly limited run.

I remember ebay selling Chinese knockoffs of the millennium falcon collectors edition when "investors" were selling the authentic set for thousands. I'm glad Lego reissued them.

It used to be worth doing this, when not many people were doing it, but now so many people are 'investing' in LEGO that the market is saturated and you can just Bricklink loose parts to build any set you want.

Hope he has fire and flood insurance

Well now that WSJ did a piece the bubble must be about to burst

@Zunidrap

Жыл бұрын

Exactly. I hope the bubble pops soon and these parasites get purged.

The fact i still have that big ninjago set still in the box unopened with no damage is crazy.

Lego is something that is worth investing into.

Good thing I bought two ucs imperial star destroyers before they retired

@studebricker2845

Жыл бұрын

Have fun with that. The biggest sets don't have the highest margins LOL

@clarkj3396

Жыл бұрын

@@studebricker2845 yep, some of the 20 dollar sets are now $120 or higher lol. I wish I was working sooner.

Do they collect for enjoyment as it should be or just for profit.

I'm guessing they are rounding up on prices. The Tie Fighter Helmet is selling for $180 to $195

It only works for lego. Too many „Investors“ on the market now.

@AndrewJBricks

Жыл бұрын

Isn’t there too many investors in the stock market too?

@Chris349

Жыл бұрын

Lego investing reminds me of what happened to Beanie Babies. Everyone bought those cute stuffed animals because they were exclusive when the company stopped making them. It got to the point where no one was buying them because anyone actually wanted them - just to resell them. I think that Lego has more utility than a stuffed animal, but I worry that in the future a lot of people will be stuck with sets that no one is willing to pay for.

@lottnio8207

Жыл бұрын

It’s the same with all investing. Some people make profit and some people don’t. Bubbles etc. are part of risks

As someone who collected comic books as a kid hoping to make a fortune, collectibles are not a very good investment and are highly speculative based on trends. There is also the problem of inventory and ensuring items are maintained in good condition because often times they are at high risks of damage. My mother is getting into vintage and antique items through thrift shops hoping she can make a fortune or getting a good deal but these items are taking up way too many space and prone to damage. People think collectibles gain value over time but from my experience it can greatly depreciate. I had a comic book worth $30, 10 years ago and now it’s only selling for $5. In fact it doesn’t seem like the comic book industry is very hot. I’ve seen older comics at collectors shop sell much lower than what it was a decade ago!

@jettrooper101

Жыл бұрын

Except to a certain extent, legos are more timeless. Children and adults will always enjoy building and creativity. Comics are also much more mass produced and different media can replace them much more easily than lego in the digital age. And this guy isn't saying to buy and hold for 50 years expecting to be a millionaire, he sells them within years before they go into obscurity. He's not expecting to make a fortune, he's only trying to beat the stock market.

@jon6309

Жыл бұрын

@@jettrooper101 he may beat the stock market in returns but at the cost of his inconvenience. Legos are illiquid assets and it requires a lot of work to try and flip them. I always preferred stocks over any investment asset only because of the liquidity and how easy it is to sell my positions once the price is high. For legos and comics you need to find a buyer who is willing to pay for it and just because the same Lego was recently sold at a certain price does not mean the next buyer is willing to pay the same price. There is also inventory risk if he can’t flip them fast enough. It’s not like he has a warehouse to store all of them and even if he did it’s going to cost a lot of money to do so! He seems to be operating from his house, if his inventory starts to appear as hoarding that’s going to cause a lot of domestic problems and the possibility of divorce which is going to cost him much more than his own collection 😂

@NoName-mi7bd

9 ай бұрын

@@jon6309you’d be surprised at the liquidity in the Lego market. Sets on bricklink at/below average price are sold quickly

Obssesed with the BIG LEGO Billund set on the table. He has taste. :)

the amount of time and effort necessary for someone to be successful in this market, would be equal to starting your own business minus being at the whims of lego.....

@ikillwithyourtruthholdagai2000

Жыл бұрын

Yeah this is just a dymb way to start a slow and bad bussiness, people call it investing but its really not

@ikillwithyourtruthholdagai2000

Жыл бұрын

It can be perfect for you if ur very specific person with very specific qualities and even then most sets dont increase ever in their price lol

@antetokounmpo9787

Жыл бұрын

Not true, starting your own business will take forever to get your brand off the ground. Lego is an established brand, piggy backing off their name and selling their most popular products is already miles ahead of doing everything yourself

Love it

Even Goodwill is selling small bags of assorted Legos for $30. I think there is a bit of a Lego bubble right now. As their sales increased over the pandemic (due to everyone being at home) but I doubt they would stay high

00:26 retail price for that set was not 30 bucks.

Like any other collectible, you need a buyer. If you don’t have a buyer at your price, it doesn’t matter. As with the rise and fall of economy, you have to wait till it’s the right time to sell it when you can get top dollar which is not right now.l when people are selling because they need cash to live. You also need adequate space to store and protect these sets for the long haul. Additionally you need to keep in mind the fees and shipping that go along with selling as well as the tax reporting that comes with places such as eBay and PayPal.

@meerkat1954

Жыл бұрын

Sure. But you have to worry about all of those same things with pretty much any investment or job on planet earth. Except maybe space. I agree the space problem is killer.

I have been doing this for over 24 years.

I just got back into Lego a year ago and i really hope this doesn't turn into the next Pokémon craze because it is going to suck for the collectors/Hobby enthusiasts.

@hawkeyebricks9905

Жыл бұрын

I wouldn't worry about that because Lego is an expensive toy. It's not as accessible as a pack of trading cards. Lego collecting is not something new. It's just becoming more mainstream. But even mainstream collectors/investors can't ruin it. The value of rare lego sets, parts, and minifigures is always going to be high. It may come down a bit... but there will always be buyers for Lego. People are passionate about Lego for a variety of reasons... the monetary value is only a small part of the toy's appeal.

Years ago I tried to do this and bought two Lego death stars. After holding on those huge boxes for a couple of years and moving them across states. I finally sold them. I did make a small profit. But definitely not worth the space they took in my house and cost of moving them

@chucktesta7192

Жыл бұрын

they are worth 1000 dollars today

@pooletrainboy

10 ай бұрын

which death stars out of interest?

@vorpalweapon4814

5 ай бұрын

Maybe I am lucky enough to not live in a crowded area but the boxes can't be that big.

One idea is to buy two sets that you like. One to build and one to hold. I done that and it works. Currently have the Lego Creator Harley Davidson and the Black Camaro.

What’s the return per year?

Toys for kids brought buy adults and never taken out of the box

The tie fighter retailed for $60 though, not $30

They need to fact check this a little bit. Dude points to Voltron and calls it Tron, then the video lists MSRP of $100. It also lists the original MSRP of the TIE pilot helmet at $30… there are already prospectors in this hobby/market. Falsely positive info like this will only create more and tank the market for everyone.

Next do Pokemon cards - collecting, grading, etc.

Here I am, having worked in a Lego Store, slamming my head on the table

It’s a mixed bag. I’ve made a few hundred dollars off some sets. I’m also sitting on several sets (esp the London Tower Bridge) that, due to a hugely saturated market, probably won’t be increasing in value for another 10 years

I can't wait until Wata or CGC start grading Lego boxes too!

I’m here as a true lover of lego looking to invest in a hobby for my nephew and I as well as a potential source of secondary income for myself. Any tips?

Well LEGO is not like wine. If you open it up and use it, you can still reuse the LEGO. You still have it. Yes you lose the seal, but not the set itself

While I've received great pleasure out of constructing and displaying several Disney Lego sets in recent years, speculators will potentially enjoy a few dollars profit or possibly suffer financial losses. Doesn't sound like theirs is a worthwhile pastime to me.

As long as he's not buying 15-20 of these things to scalp them, I don't see the problem here. Sometimes people find out that they missed a cool set that's no longer being produced. I recently spent $180 for a new-in-box Apollo rocket, which was more than retail, but worth it IMO considering that it isn't in production right now.

There's no way the tie fighter pilot head sell for that much i see so many of them

FYI; If it already hit the news, it is no longer a viable grift.

I would love to get into lego. Unfortunately, i am from a developing country and the lego star wars series is so expensive. Even a cheap set is 1/8 of my monthly rent and a decent set is half a months rent.

@ikillwithyourtruthholdagai2000

Жыл бұрын

So basically ur saying people in ur country cant buy lego and its better to work any way

@AverageJoe483

Жыл бұрын

What country are you from ?

@johnsamuel1999

Жыл бұрын

@@AverageJoe483 i am from india, I live in a tier 2 city

@AverageJoe483

Жыл бұрын

@@johnsamuel1999 well come over to the US ! You can get a good job and all the Legos you want ! 👍👍

@johnsamuel1999

Жыл бұрын

@@AverageJoe483 yes , i would love too. I been think of doing my master in the US at 2024 or 2025

Let us remember what happened with vintage video game sales and the people that do the rating of the game condition and the auction houses that are all in cahoots

Very easy to make profit in Lego Products. Purchase products from secret suppliers ( Discounts rate) sell at high price online

Good luck with that!

📈🔥

So he buys in bulk and is the reason some people don't get it at all? Thanks.

I cannot imagine "displaying" a Lego set. I guess I'll put it next to my DVD collection.

LEGO Star Wars has risen 200% more than the S & P 500 since its creation!

The original value of the Batmobile is $250 not $200!!

@antetokounmpo9787

Жыл бұрын

You must be a rookie

BS on the Lego Batmobile!! There are hundreds for sale for $300-$350 and when the seller pays Ebay/Amazon fees then he will be lucky not to lose money!!

The problem with art or collectibles is that the value is based on nothing. Perception is what drives the prices but they have no more value than they had when they were first made

@lottnio8207

Жыл бұрын

That’s how it is but it’s not a problem. Many prices don’t have much real connection to use value whatever that is or materials used.

Man is outperforming top Hedge Fund managers

Lego investors are awful. I've worked in an auction house before and I've seen people get disappointed when their "$10000 priced item" (because they saw someone else asking the same for it) only for it to been sold for a few hundred bucks because no one wanted it. Lego investors work the same way where they see someone posted something on ebay for a ridiculous high price and now suddenly everyone thinks thats what its worth. I saw a new star wars set being sold for $75 + another $10 for shipping when you can go to target and get it for $40. It just got released and people are thinking they can make +25% profit within weeks of its release. No if you do that you're dumb. Then theres the minifigs. No lego minifig should be $20 or more. Thats insane. I can see if there were some really old sets or having a limited release like the chrome c3po but a normal clone trooper? Screw that. I get people want to make money but all this is doing is ruining it for people who just want the set and don't care about resell value. Maybe some child really liked a certain Minecraft set and wanted to buy it. The msrp was $40 but now its $200. If you're going to do investments with lego, at least be smart about it and make it a price people don't look at and say "wow you're an idiot" because it'll just sit as "for sale" for years and no one will buy it. If they weren't going to buy it cheaper before, what makes you think in 2 months they're want to spend more?

@rambozzle4706

Жыл бұрын

Fr p2 captain rex is like $200

Literally everything can't be speculated until the bubble bursts.

@AndrewJBricks

Жыл бұрын

I thought the same thing..last year.

Recently bought Bugatti Chiron Lego Set $350 compared to same model Sian Lamborghini $450. Bugatti is retiring soon (not Sian yet) and will be worth lots of $$$ after it's retired like Porsche GT3 where I bought for $300 and it peaked at $2000-3000 during pandemic

@RStickMan22

Жыл бұрын

I would say that the, Back to the Future (DeLorean) set that is about to retire, will really go up in value. On Bricklink just the two Minfigures are selling for about 60 70 dollars together being in mint condition. Once cast members pass away, as Doc is getting old and MJF has his own issues. I predict that set really going up in value. Plus iconic car and series of movies in of themselves. You can find it for 170 currently down from 200 on sale. Like all investing their are winners and losers' so you got to be careful and pick carefully after proper research.

@chada75

Жыл бұрын

Any of the Speed Hunters sets, especially the retired White Porsche 911, seems to double as soon as the sets retires.

@faustosantovito7106

Жыл бұрын

Lego did amp up production in 2022 to accommodate for the late release of the Ferrari Daytona so it probably won't see the same returns as the Porsche but is still a good investment. I try to stay away from big sets though as I've seen more consistent high returns on sets at 50 to 150$. Wish you the best of luck with your Lego investments

@ikillwithyourtruthholdagai2000

Жыл бұрын

@@RStickMan22 That set has been on discount for its interity during the sell periodt

Never thought I'd see scalping referred to as "investing" - but then again, considering all the other "investment" options that are out there these days, I shouldn't be surprised

@ETS186

Жыл бұрын

Obviously you don't know what "scalping" is 😂. How's it scalping if it returns 250%? Definitely higher than gold and property within the same time frame.

@ikillwithyourtruthholdagai2000

Жыл бұрын

@@ETS186 its just reselling bussiness, its not investing cus legos dont do anything for your money

@heydeereman1040

Жыл бұрын

If you buy a set and hold it for a number of years in sealed condition then resell it after it is no longer available on the new retail market then how is that scalping? You have an in demand product which people value

@oldfreddyfrenchfry1

4 ай бұрын

Scalping is selling something for higher when it’s still in stock (like concert tickets before the concert happens and they’re still being sold). This is setting aside an object for when it retires, no longer sold on stores, but people will still want it.demand continues to grow as new people enter the hobby, but a finite supply dwindles down as they’re sold off. That’s how money is made. Now I’ve discovered it’s not as easy as this video suggests, but it’s not immoral, scalping, or unfair. It’s definitely not for everyone, not easy, and not “get rich quick”

I seen that lego tiefighter at target 😂 unless it’s different black one

Cool. Lucas is one of those guys that has 5 or 6 of the same set in his shopping cart, while I'm saying to my kids, "oh well, sorry guys." I can't stand people like this. Ninjago sets? Think of the kids dude. You're a Father yourself.

Investors better not make the prices crash beanie baby style. Lego fans have a good thing going right now. Plus big time AFOLs just buy the sets they want anyway so in the future nobody is gonna be trying to get a UCS falcon when basically everyone that wants one has one

@kylear6120

Жыл бұрын

You don’t think a kid who cant afford the UCS falcon now will eventually grow up and buy it when they have the money? Many collectors are those former kids aspiring to buy what they once couldn’t have

@lordclimentos

Жыл бұрын

@@kylear6120 Good point!

@oldfreddyfrenchfry1

4 ай бұрын

There’s also always going to be new people that come into the collecting hobby after a bunch of sets have retired, discover all that was once available, and decide the higher price is worth reaching back into time and collecting the series. That’s what I’ve been doing with modular buildings. I wasn’t interested for years, but now my family has taken interest and I’ve appreciated all the NIB retired sets available…yes for a high cost, but that’s the price of “going back in time” to complete a collection.

What would be nice is for a company that can build an app with AI integration that can detect, categorize and label Lego parts.

I kind of really hate this… I just want to be able to buy and enjoy a set that I never got as a kid. But when I see people hoarding them, like gold bricks, forcing the price far beyond what I can afford, it really annoys me. Of course, people can do whatever they want with their legos 🙄

@oldfreddyfrenchfry1

4 ай бұрын

Hoarding them increases the supply of retired sets, actually making them more capable to acquired long after their retirement, compared to if nobody hoarded them. The supply would dry up quick as everyone immediately opened their boxes.

@r0b0tniik

4 ай бұрын

@@oldfreddyfrenchfry1 that’s a good point that I never considered. I can see how that might be great for a new set, to keep it, and resell 5-10 years later

@Goblonium

Ай бұрын

Lego isn't like Nvidia, making a few thousand units and then stopping, letting scalpers increase the value. They sell more than enough sets which will always be sold at the same price or lower (not counting the inflation increase). People who price it more than msrp on ebay think they can get a 150% profit when the set is still there, they aren't the smartest tool in the shed. After Lego retires them, the price goes up, because the sets are no longer produced by Lego, investors are good because it gives an opportunity for people to buy the set after it was retired.

@r0b0tniik

Ай бұрын

@@Goblonium i think this is great for sets produced after 2010. but im not seeing how this is good for older sets that are already rare and hard to find. keeping 10 copies of one set seems to make it only possible for rich people to buy. but hey- im complaining because im poor and i couldn't afford the sets when i was a kid 😅

Wow, his child is the happiest

@jakehuang3545

Жыл бұрын

why? he wouldn't be able to play them

@ikillwithyourtruthholdagai2000

Жыл бұрын

@@jakehuang3545 He can see boxes all day ofcrs