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Comments
At 10 cents a part, it is reasonable, it will get to 25 cents a part sooner or later, but I don't expect it until 2 years post retirement.
It is a great kids model, but a terrible adult model, one of the most disappointing sets I've ever built.
Up the price to $99 and give it a proper brick built base and I think you'd sell more of them.
Of course, up the price to $99, make it Star Wars with a brick built base, and you'd have something... ;)
If I suddenly became a reseller, and had £130 to invest, this would be way down the list, I think that's all I was saying.
I have a few curve ball suggestions for after market actually.
I like dipping in to this thread by the way, you could probably write a psychology dissertation on it. I do sometimes wonder if people get so nervous to miss the next big thing (UCS Falcon's fault that), that people seem to be buying 30 copies of everything! (ok an exaggeration I know)
Take Atlantis for example. When that was out, you could still buy copies of the last underwater theme, MISB, for under rrp, yet people were still buying loads of copies of Atlantis sets. crazy!
Anyway, I will say fair play to people who put their money on the line here. It's not as easy as some people think. Although there is talk of a bubble, I don't think there necessarily is, because at heart you have a product that at its basic is a timeless modular brick, so there is a fall back position at the worst.
While it is true that if you can't afford the UCS Falcon, you can't afford it, but they are so far apart as to be different beasts.
From an investment point, this is why UCS Falcon did so well and the current Falcon will not, it is not a display set, it is a kids toy. Plus, once it retires, Lego will just do another one.
I can afford the UCS Falcon, many times over, I just can't justify it. There is a difference! lol.
plus, I know I am in the minority, but I do think during the next 10 year licence extension, they will do a new UCS falcon, but obviously not identical.
Rich
Kids aren't going to want this after EOL. They'll want the new one. The one that's currently available and 3 for 2. The only people that are gonna want this are AFOL coming out of dark ages. But then, since it's a lame set, why would they want it? He's got ten years of remakes ahead of him. I think @LFT is spot on; two in his inventory is about right.
I think the UCS Millennium Falcon is in a class of its own. Are all UCS sets better than their non UCS counterparts? If you use this mentality, you would suggest that you never buy another X-Wing, Y-Wing Rebel Blockade Runner etc.
Many times over huh? :)
I really do think that the new MF will sell "well" aftermarket at up to 1.5x rrp if there is no replacement within a year. For the piece count, the RRP is inline with TLGs new pricing structure, just savvy buyers like those who frequent forums such as this know it can be had for 2/3 RRP or less if we buy at the right time. A parent buying for a kid at xmas or for birthday may not plan their purchase ahead to get the best price and will be happy to pay RRP. With that in mind, 1.5x RRP isn't a huge premium for a set with everlasting appeal when it's unavailable. Newer and better versions becoming available obviously kill interest for all but the completists.
Due to the rises seen for the UCS MF and certain modulars, there are some who think all Lego is a solid gold investment, but as always, it's best to buy at a discount and double your money quickly if you bought wisely. If you can do that on a regular basis it has to be better than tying up your money for years to get a higher return.
As far as the UCS Millennium Falcon is concerned. What's the reason why people aren't buying it and why people are buying it? The UCS MF is the "Holy Grail" of Star Wars Lego sets if not all Lego sets. If you don't justify paying $2,000+ for one, why didn't you buy it when it was $500 or when it was on sale. I got mine for $345 :)
I stocked up on #4502 when it was out and bought 3 more at Walmart for $10 a piece. I sold my last one for $190 the same month #9493 came out. What does this tell me? I made an average of $160 per sale.
I'm banking on them remaking a much better version of the UCS Falcon before the SW license is over, if not, I can do without it. Same with the 7676 gunship.
I wouldn't bank on Lego making another UCS Falcon. Yes, we would all buy one, but we are such a small group of people and I don't think that Lego can justify making another one. Heck, they couldn't even sell the ones they had the first time around and heavily discounted them.
It is BY FAR the best "kids" Millennium Falcon set Lego has ever done. I'm not counting 10179 which does not belong in the analysis. However, it is ultimately a disappointment.
I bought it for personal use and enjoyment, but I wouldn't touch it in multiples as an investment...not when there are quite a few all-time gems still being produced which will be massively more sought after come EOL.
@pitfall69, yes that is the correct price. More than I wanted to pay at the time but it was a 1st edition and in perfect condition. Had to have it. I don't mind sending you a message with the sale price when I sell it.
Additionally, it's far and away the best System Falcon they've done, and I don't think it's nearly as awful a model as some seem to feel it is.
It is actually a reasonable way to get all the "iconic" figs in a single set, which is why they want more for it.
Or that is what I think anyway. :)
@Pitfall69. The answer to your question referring to the two sets you mention is a simple one; They're are both classics....to us. There is something about that era that I think many will agree on, whereby they seem to hold a 'legend' status for us, even if the set is less impressive than today's. They were from an era that had already stamped the status 'must have' on our brains before the new ones were released. These 'people' I refer to are you and me and those that came out of their dark ages in recent years. The current sets are not going to have the same impression on people now. I think there are fewer and fewer people coming out of their dark ages and so there won't be the same number of people looking for a "lame" set.
Whether @LFT says he has just 2 Falcon but really has 30 is something I can't comment on - not that I give a damn! ;-) But, like I said before, I'd be extremely anxious if I'd taken on multiples. Not unless I'd picked them up for say 50% now and was happy to release them at 80%.