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Predictions on Discontinuing Sets and their Secondary Market Value

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Comments

  • roxioroxio UKMember Posts: 1,342

    roxio said:

    Sadly, Ebay will do nothing about it

    What should eBay do about it? Are they a paid enforcer of the British Revenue Service?

    Just asking. :)
    No, but they are turning a blind eye to obvious UK tax evasion. They should contact the seller(s) and insist they register as a business or close their ebay accounts.
    But of course with FVF and paypal fees they will take approx 15% when he starts reselling so they will likely damage their own bottom line if they do make them register.......



  • HardradaHardrada Member Posts: 439
    That's a familiar phenomenon. The biggest Hungarian auction site is also full of folks dealing in commercial quantities without providing legal invoices and paying taxes and also full of dropshippers selling Chinese counterfeit goods. And when that's where a big part of the site's money is from they'll of course turn a blind eye. (It's not their task to monitor genuineness of goods and whether taxes are paid after all.)

    The funniest side effect is that if a seller states that his goods are fakes then his auctions are deleted as it's against rules to sell fakes. But if he claims them to be original then it's okay by the site as they 'have no ways to prove it'. (Even if it's completely obvious.)
  • LegoFanTexasLegoFanTexas TexasMember Posts: 8,409
    roxio said:

    No, but they are turning a blind eye to obvious UK tax evasion. They should contact the seller(s) and insist they register as a business or close their ebay accounts.

    Why? Are they now tax experts?

    I'm serious, I am trying to figure out why you think it is eBay's job to police the tax activities of their customers. Do other companies do this?
    cloaked7FatMatt
  • doriansdaddoriansdad CTCMember Posts: 1,337



    Apparently he has 50 of them! Or 0.25% of everyone ever made.

    From his other inventory looks to be a newbie reseller or out to scam some $$$. Either way should be interesting to watch lol.
  • TheCableGuyTheCableGuy Member Posts: 115
    ^^ Do you think it's appropriate then for ebay to allow a private seller to have more than 100 Buy it now listings totalling more than 50K?

    This clown is not registering as a business to avoid any or all responsibilities as a seller with regards to the distance selling regulations.

    That should be not only within EBay's remit to force the seller to be registered as a business but trading standards too.
    roxio
  • deejay291deejay291 Member Posts: 4
    Over 3 years ago I started selling off some personal items on Ebay. I then decided to make a little extra cash by selling items I was purchasing, and as soon as I listed items on Buy It Now in various quantities Ebay told me I needed to register as a business or they would close my account. I registered and although sell very little now I do pay any taxes due on this business so unless things have changed Ebay should pick him up on this soon.
  • roxioroxio UKMember Posts: 1,342

    roxio said:

    No, but they are turning a blind eye to obvious UK tax evasion. They should contact the seller(s) and insist they register as a business or close their ebay accounts.



    Why? Are they now tax experts?

    I'm serious, I am trying to figure out why you think it is eBay's job to police the tax activities of their customers. Do other companies do this?
    I don't know about other companies, I'm talking about eBay. I guess ones such as Bricklink don't either.
    At the very least, eBay could make it easy to report business sellers masquerading as private sellers to avoid tax and distance selling regs. As @deejay291 pointed out they do this but it appears very inconsistent - I could easily find half a dozen others on eBay selling vast quantities of whatever via a private account.
    But trying to report this to eBay via their report listing function is pointless - the drop down options for trying to report are a complicated mess that send you round in circles.
    If it was easy to report and Ebay were obliged to pass information to HMRC then eBay's bottom line would be hit.
    Maybe one day HMRC will catch on and enforce it, but eBay/Bricklink/whoever could be proactive and police it better themselves.
    However, it is very easy to report a listing for "circumventing eBay fees" .........
  • BastaBasta Australia Member Posts: 1,259
    edited August 2013
    @roxio but it's not eBays job to report that information. They are not going to go out of their way to do it, and just because someone doesn't have a buisness acount does not mean they are not paying taxes. We are also talking about tax fraud here, it's not exactly murder or child abuse is it. (I realise that it is still a crime and is considered stealing)

    Saying that, in Australia I read some media reports about the ATO (Australian Tax Office) arranging some kind of deal with eBay that all accounts that sold more then $15000 worth of goods (excluding cars or propertie) in the financial year had their details passed on to the ATO. So eBay are willing to help.
  • cheshirecatcheshirecat Member Posts: 5,332
    Just to point out, whether they register as a business or personal seller on ebay makes absolutely ZERO difference to the DSR. If the items were purchased by the seller with the intent to resell then in the eyes of the law DSR applies and its for the seller to prove otherwise. Even if they tick the 'no returns' option on the listing, makes ZERO difference. (obviously this is UK only).

    I've often been tempted to try it when sellers add spurious, stupid claims about their rights and responsibilities or lack of, but could never be arsed and I'm not *that* dickish. Still you could have some fun at the sellers expense if you really wanted to.

    I wonder also if ebays lack of making reporting business sellers acting as private sellers is because once they know about it they do have a responsibility in the eyes of the law?
  • AdeelZubairAdeelZubair London, UKMember Posts: 2,646
    Before these sets are discontinued, should I buy Option 1 or Option 2?

    Option 1:
    -R2-D2 #10225

    Option 2:
    -Volkswagen T1 Camper Van #10220
    -Sopwith Camel #10226
  • TheCableGuyTheCableGuy Member Posts: 115
    ^ context is everything....?
  • vitreolumvitreolum RomaniaMember Posts: 1,406
    R2-D2 has a long way to go before EOL
  • vitreolumvitreolum RomaniaMember Posts: 1,406

    Well our first moron has surfaced on bricklink...sitting on 20 sets in queens NY at $479...this should take the wind out of the sails for a few weeks.

    He had 50 this morning and now he seems to have disapperead.
  • tom4086tom4086 Member Posts: 689
    £47 for the empty box on Bricklink. Wowzers.
  • JawascrumpJawascrump Member Posts: 112
    How about the first wave of Lord of the Rings?
    I'm thinking specifically
    #9471 Uruk-Hai Army (£22)
    #9476 Orc Forge (£27)

    1) Have they been discounted for too long
    2) Is the theme in general going to be popular after it goes EOL?
  • vitreolumvitreolum RomaniaMember Posts: 1,406
    Both should do well given time, Uruk Hai is a great army builder, and that's always going to be sought. Orc forge is one of my favourite sets from the theme, it looks great as a display piece, it's got a lot of playability, plenty of great MF's, useful parts for MOCs and mostly everyone will want one next to Orthanc. For me these are both winners.
    Jawascrump
  • JawascrumpJawascrump Member Posts: 112
    Thanks Vitreolum, you've pretty much summed up my own reasoning for considering it to be a good investment!
    PS, I like the American Beauty themed avatar!
  • JawascrumpJawascrump Member Posts: 112
    Do polybags have a big knock on affect with certain sets?
    I'm thinking #9471 Uruk Hai is great for army building, well, Uruk Hai however you can get #30211 for £2-£3 easily on eBay.

    I suppose what I am asking is; do the majority of buyers pay a premium for an EOL set to keep it as a MISB collectable, or to open and build as they missed it at retail?
  • vitreolumvitreolum RomaniaMember Posts: 1,406
    edited August 2013
    It may affect it, but not too much... it's not going to increase in value so much as to become a collectable few will be able to afford and that is bound to be kept sealed. You also get that Rohan soldier that you can't get in a polybag. If only it had two soldiers and Eomer would have come with Helm instead it would have been the perfect battlepack.
  • doriansdaddoriansdad CTCMember Posts: 1,337
    vitreolum said:

    Well our first moron has surfaced on bricklink...sitting on 20 sets in queens NY at $479...this should take the wind out of the sails for a few weeks.

    He had 50 this morning and now he seems to have disapperead.
    This time I hope for this guys sake he was just a scammer. Advertising you have all those sets for local pickup....bad idea.

  • HardradaHardrada Member Posts: 439
    He didn't sell them. The store has been temporarily suspended for investigation by Admin.
    FollowsClosely
  • CrowkillersCrowkillers Member Posts: 757
    He was selling a lot of top shelf sets in addition to the 50 41999 sets..
  • cloaked7cloaked7 Member Posts: 1,448
    ^ Do you mean 'selling' or 'scamming'?
  • CrowkillersCrowkillers Member Posts: 757
    edited August 2013
    Hey, I don't know.. Could have been some guy who was stockpiling sets for the last year and decided to open a bricklink store.. He had right in the description that all of the sets could be picked up from him locally in Queens, New York...

    I have no idea how he got 50 of the 41999 sets though... Well I mean I do have an idea of how he did it, but it wouldn't have been easy.. Unless he is in with a group...

    He also could have gone around all of the Lego stores in New York and bought up what they had... There are 6 stores in New York and one right in Queens...
  • LegoFanTexasLegoFanTexas TexasMember Posts: 8,409
    ^ It wasn't me, I swear! :)
    FollowsCloselyindigoboxkhmellymelgreenwithenvy
  • CrowkillersCrowkillers Member Posts: 757
    There are also 4 store in New Jersey which isn't far..

    Hmm.. 4 stores in New Jersey and we only have one here in Pennsylvania..?
  • BoiseStateBoiseState Member Posts: 804
    There isn't a store within 8 hours of me, in an area with millions of people.
  • gmpirategmpirate Member Posts: 1,654
    I doubt he would have had time to hit all the stores. At least around me, everything was sold out right after they opened. And some stores released their sets before the 1st.
  • EKSamEKSam Member Posts: 349
    What if he was just accosting people right as they stepped out of the Lego store with their non crinckly yellow bag. :-))
  • doriansdaddoriansdad CTCMember Posts: 1,337
    edited August 2013
    25 orders thru [email protected] not easy? We all know now they weren't enforcing the 2 limit per VIP account.

    He may have the 50....at least until he gets robbed.
  • BanditBandit Member Posts: 890
    I'm pretty sure he's a drug dealer and got the word out he's providing a little extra bonus for anyone paying with 41999s...
    MathBuilder
  • CupIsHalfEmptyCupIsHalfEmpty CanadaMember Posts: 547
    I was bored one day and built #30230 inside the polybag. Is it now used in sealed package? UISB? What's the resale potential of UISB?
    ColoradoBricksvitreolumdougtsDevastatorgreenwithenvy
  • AdeelZubairAdeelZubair London, UKMember Posts: 2,646
    edited August 2013
    I'm waiting for Tumbler Chase to go on sale, when will it be discontinued?
  • FenrisAkashiFenrisAkashi Member Posts: 242
    Whats the feeling on the current Batcave set? Will it EOL soonish? Are the figs going to make it desirable?
    Looking at it myself its slightly underwhelming.
  • RennyRenny USAMember Posts: 1,145
    This is likely a noobish question but what about bundling? I have a few Jabba's Palace sets and was wondering would they be more appealing and sell better (1-2 years down the road) if I also bought a matching Rancor's Pit for each?
  • LegoFanTexasLegoFanTexas TexasMember Posts: 8,409
    ^ I fully intend to bundle Jabba's Palace with Rancor Pit, that seems like an obvious hit to me. :)
    RennyvitreolumPitfall69Yellowcastle
  • TheLoneTensorTheLoneTensor MericaMember Posts: 3,950
    Renny said:

    This is likely a noobish question but what about bundling? I have a few Jabba's Palace sets and was wondering would they be more appealing and sell better (1-2 years down the road) if I also bought a matching Rancor's Pit for each?

    Without a doubt. You can get Rancors < $50 these days and you'll definitely get more than that if you sell it bundled with Jabba.
    Renny
  • RennyRenny USAMember Posts: 1,145
    Thanks for advice :)
  • doriansdaddoriansdad CTCMember Posts: 1,337
    Thanks for the reminder on these sets. I have been pre-occupied with other sets and forgot Jabba's Palace should be going here pretty soon. No doubt a million of these things will be hoarded but I certainly want at least 2 copies to keep.
  • fizicystfizicyst Member Posts: 72
    @Adzbadboy The tumbler chase was on clearance at some Targets already, but in general I think will be around for at least another 6 months-1 year.
    @FenrisAkashi The batcave is likely to EOL soon, but has not yet been clearanced out at any Targets that I know of and only about half of the Walmarts.
  • solskjaersolskjaer Member Posts: 8
    They cleared the batcave in the legoshop in Lille France when they were holding their summersales.
  • LegoFanTexasLegoFanTexas TexasMember Posts: 8,409
    The danger to Jabba's Palace at this point is all the resellers saw what happened a few months ago, so many are buying up as many as they can, forgetting that everyone else is doing that as well. :)

    I have a stack, but not a huge stack, I suspect it may end up more like MMV, given the scare and jump that everyone saw.

    Or not, time will tell.

    It also largely depends on Rancor Pit, does it retire at the same time, or continue for another year. If it is current and Jabba's is not, that will be... interesting. Rancor Pit doesn't make sense to me without the former, but what do I know. : )
  • dougtsdougts Oregon, USAMember Posts: 4,129
    Yeah. JP without the pit is still a complete set. The pit without JP feels....incomplete
  • BoiseStateBoiseState Member Posts: 804
    Jabba's Palace is on perma sale.. Under $100 just about everywhere. Kind of strange that they have 2 expensive Jabba sets out at the same time.
  • augenaugen Worcester, UKMember Posts: 317

    Just to point out, whether they register as a business or personal seller on ebay makes absolutely ZERO difference to the DSR. If the items were purchased by the seller with the intent to resell then in the eyes of the law DSR applies and its for the seller to prove otherwise. Even if they tick the 'no returns' option on the listing, makes ZERO difference. (obviously this is UK only).

    I've often been tempted to try it when sellers add spurious, stupid claims about their rights and responsibilities or lack of, but could never be arsed and I'm not *that* dickish. Still you could have some fun at the sellers expense if you really wanted to.

    I wonder also if ebays lack of making reporting business sellers acting as private sellers is because once they know about it they do have a responsibility in the eyes of the law?

    I couldn't agree more. As a consumer, my only interest is in the seller complying with the relevant UK laws that protect me. Some of the stuff that sellers write is farcical and just demonstrates their ignorance. I had to take someone to small claims last year as I'd bought the jousting set from them, which never arrived and they tried to fob me off. They'd even reported me to the police for harassment. In the UK, eBay do a very good job of protecting the consumer now.

  • timinchicagotiminchicago USAMember Posts: 239
    As of today B-Wing #10227 has gone from "Sold Out" to no longer even showing up on US LEGO [email protected] and there are only 14 left at Amazon at the moment for $156.
  • LegoFanTexasLegoFanTexas TexasMember Posts: 8,409
    ^ What is really, really, really sad about that...

    It was clearanced out for 50% off back in May, has been 25% off on Amazon since then, and has taken until now to really go away.

    This set will not do well in retirement. :(
  • LegoFanTexasLegoFanTexas TexasMember Posts: 8,409
    Or perhaps it will... if no one was buying them to resell! :)

    Hmm, so do I order 2 from Amazon while I can, even at the current price?

    Hmm... decisions decisions...
    FollowsClosely
  • timinchicagotiminchicago USAMember Posts: 239
    ^^Yes sad is a good way to describe #10227. There was never any real enthusiasm for it and the May 4th sale did little to burnish its reputation. Still being (what currently passes for) a UCS set there should be a market for it down the road.
  • pvancil27pvancil27 Member Posts: 588
    Be a man, buy all 14.
    Dougoutmargot
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