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What's Your Approach To Collecting and/or Downsizing Your Collection?
Since November 2011 or so, I have started collecting Lego sets again after a 20 year hiatus. Can't believe all the cool sets I missed from the early 90's through 2011. Anyway, now that I'm an adult and am fortunate enough to have the discretionary income to buy pretty much all of the current Lego sets I want (within reason), I've started to notice that my collection is already getting fairly large and the wifey is starting to complain lol. Therefore, I needed to develop a simplistic approach to limit my collection size, while still being able to buy the latest and greatest.
So here's my plan: I will buy the sets I want, and then when they go EOL, I will sell each one (hopefully at a slight profit since I try to buy under MSRP). While I know it will be painful for me to sell some of the really cool sets such as the IF 10210, QAR 4195, MT 10219, EN 10194 and whatever large Technic sets I buy, Lego will (hopefully) always come out with cool sets to replace the ones I sold.
So that's my approach. Anyone care to share how they go about collecting? Do you keep everything, sell some stuff but keep others, stop collecting after reaching a certain limit...?
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I really enjoy assembling LEGO sets and selling them for what I paid (most of the time more)...
My biggest debate right now is what to do with boxes after I've built a set. Does it have any impact on resale value if the seals are broken on both sides? Being able to flatten them might free up some space. I've avoided it so far, but I don't want to waste space with empty boxes when I start running out of room.
I shudder at the thought of having to "downsize" my collection someday. I am trying to be at a point where I am only buying sets/themes I really want so that I will not outgrow my space for a long time. If I do need more space/money then I would sell the lets I am least attached to.
One example: I traded my Santa Fe-sets for a boxed Café Corner without instructions (missing a few pieces) and a boxed Green Grocer (complete, no instructions). I'm not that interested in trains, and I wanted a complete lineup of modulars, so for me it was a good deal.
I've also sold some other old sets that I'm not really that keen on, and used the money to buy sets that I really want. If you're not swimming in money, that's a good way of funding your hobby.
Should make some nice £££, but not much help with saving space in my tiny flat!
Step1: Buy Lego
Step2: Buy Lego
Step3: Buy Lego
Step4: Bank Manager complains that I am many thousands over my overdraft...
Step5: Sell Lego
Step6: Go to Step1
I will say that we've done the same thing, abit painfully...
I really wanted to build the PQ line, I thought it looked very Indiana Jonesish... So much so that I decided to sell it all, then I went and bought all the actual Indiana Jones sets... only to turn around a few months later and sell them all because I realized that the money they held would simply buy too many other things (including a nice vacation for my wife!)
I did, however, since coming out of my dark ages, go mad on CMF's. I have one package left to come from BL and I will have completed sets 1 - 7.
But what counts as a really good bargain? Let's say with new, available lego (i.e. not-yet-rare sets), what is your mark for a bargain worth buying:
sets that are "N%" (50%, or 60%, or 40% etc) off their retail price, or
sets/loose pieces when the price per piece is no more than "Np" (say 5p, or 3p, etc)?