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Mystery solved, thanks. Conscience eased. funny way of doing business.
Plus if they are willing to drop it to 20%, then Why not 25% at some point?
I don't see very many sold for >$300. Of the >$300 sets how many were with international shipping which adds ~$40 to shipping. If several resellers need to exit the market quickly and sell their stacks, the price could be $249.99 then $239.99 and so on. Each undercut hurting their bottom line and others.
I'm on to you and your movie and television quotes.
Still available to purchase at $250 or less.
Didn't @LegoFanTexas sell a crushed/damaged box on here for $220 USD? I guess I'm being overly optimistic.
$300 shipped on Amazon isn't as much as you think, once you take fees and shipping out.
For some reason, I was having a brain lapse and did the math from $200, not $150. For some reason I got it in my head that FB retailed for $200, have no idea where that came from.
After expenses I netted $250 for those FB, which is $100 over RRP, which is fine until you consider storing them for 2 years, then it isn't so hot.
The copies purchased for $107ish from Walmart were much nicer. :)
I sold about 100 FB in the past 6 months, most netted $180 to $200 after fees and shipping. I sold them to free up space and recover some cash, I know holding them a bit longer would make me more money, but it would have higher expenses as well.
Two months ago I ended a lease I had on 2,000 sq ft of storage space that I was using for LEGO, I moved most of that inventory home, about half of it I have now sold, the rest will go this Christmas.
I passed on the pet shop, and I still have yet to buy ANY for resale. That one may surprise us all.
@Odindusk Salt in the wound, I recall it being $120 for almost 3 months, something like Jan-Mar 2013.
AND it is a Mod, with a nice color scheme, I am not really surprised by it rising as it has.
I think though it will peak about about 250-275 for a while though (prob through next Christmas) as a lot of people are going to sell them off. Which is good for anyone that wanted one but missed it. Why good? Because if you did not have as many that are out there now you will likely see them at about 300-350 now and definitely by Christmas (Heck it could hit 300 by this Christmas IMO).
I also recall these available for TRUs B2G1F sales as well. BOGO50s Then Amazon putting them up on sale at times... Many many people I think got these for well under retail, and like @Jasor said, you have many that were Bricklinkers that bought them for parts either for MOCs or to part out and sell.
They could also do Janosz and a Vigo painting =)
Edit: Also Dana!
That may not be hot for what Lego has reached with other select sets (e.g. Zombies), but I'll take that return every day of the week and twice on sunday.
Of course, it's a good thing to take things to another level for discussion, except that gap-filled strawman examples aren't usually the best method to do so.
That is the huge misconception about reselling Lego (or any other item) by those who do not sell themselves. Buying and sitting on the item take no effort at all (my goldfish can do that). Marketing and customer service is time consuming and takes a ton of knowledge and experience to do correctly. All the noobs sitting on paper profits are in for a very rude awakening when they attempt to liquidate their very illiquid assets. Every day it becomes more difficult to remain selling on the big venues. 90k sellers will be purged on ebay in August and many more will lose their TRS status. After all that time, energy and hoop jumping 33% is awful.
Maybe you might see Lego selling on ebay themselves shortly, once the evil resellers have been purged. How ironic would that be?
Surely they must make enough margin to cover the fees :)
- research and decide when to pull the trigger and sell;
- research various selling venues and decide which is most likely to yield most profit given fees, return policy, shipping policy, etc;
- figure out shipping estimate and logistics in advance;
- figure out a good time to sell when my job and family responsibilities will not preclude me from actually packing it up and mailing it (my dry cleaning has been sitting at the store for two weeks, so I know how non-essential can slip)
- list and actually sell the item
- ship it
- follow up on payment and customer approval.
Given all of the above, they continue to sit in my attic unsold.
All that aside, I don't think doriansdad's post warranted the snark, either.
Just a few of the key aspects of successful reselling are -
determining the right sets to buy (a very, very important aspect)
when to buy them
how much to pay for them (with fewer discounts this is a bit easier)
when to sell them
Not easy getting all of the above aspects correct. So, a person is pretty much forced to not put all of their eggs in one basket and buy multiple sets with the hope that most are winners. So, it's difficult to just be into reselling a little bit. If you are, you better make sure the sets you pick are winners.
Maybe I have just been lucky. Maybe I didn't get sucked into the 50%+ sales on Atlantis and the infamous Construct-a-Zurg.
As an example, I will use the Black Pearl. I bought 4 for $77 a piece when Target had a BOGO sale. I gave one to MY Nephew for cost and sold the rest for $210 a piece on EBay a few months ago. I walked away with $85 profit a piece after fees and shipping with a total of less than 25 mins of my time used to order, list, pack and ship. If making $255 in less than an hour is not with your time, I commend you. Your time is too valuable to be spending on a Lego forum.