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Ranking sets by part out value versus set cost

bluedragonbluedragon United StatesMember Posts: 477
edited March 2013 in Buying & Selling Topics
I am almost positive that I saw a link somewhere in the forum to the top sets in terms of part out value. I have searched for it to no avail.

Can someone help me out? Did I make it up? What it on the Brickset website?

Thanks!

Comments

  • legoprodslegoprods SpainMember Posts: 434
    Not sure myself, but probably @Joseph knows where they are ;)

    Apart from that, in my own words, the sets with the best part out value tend to always be the creator sets. Also, specially the high priced ones more than the lower ones, since the miscellaneous cost (box, instructions...) gets more absorbed in the price.
  • bluedragonbluedragon United StatesMember Posts: 477
    I posted a query a few hours ago but I think I may have been misinterpreted. I would like to know if there is a way to find out (and I think I have seen this here before) a rank of CURRENT part out value in Bricklink. I am not interested in price per part values based on purchase price and know how to get that information from the database.

    Thanks @legoprods! I had found that thread in my search but it was not helpful to answer the question and hence my post. Unfortunately this discussion was only open for a few hours and I did not have a chance to clarify.

    Is there a way to do what I am proposing?

    To the moderators: I apologise for the double post but the original one was posted before I went to bed and the thread was closed before I woke up. And I slept less than 6 hours :-)
  • BrickarmorBrickarmor USAMember Posts: 1,257
    A rank? I don't know how one would rank sets, but it is easy enough to find the part out value for any set and you can thereby "rank" the ones you are interested in. Just go to Catalog > Price Guide and enter the set number on the right hand side. Ta-da.
  • bluedragonbluedragon United StatesMember Posts: 477
    Thanks @Brickarmor! I am still not explaining myself properly- language barrier, I guess...

    I meant a rank as in: number 1 (highest Bricklink part out value); number 2 (second highest Bricklink part out value); you get the picture...

    I would like to have access to a rank (or the order) of available sets from the highest Bricklink part out value to the lowest. If such thing is possible. I guess it is not possible.
  • legoprodslegoprods SpainMember Posts: 434
    Oooh, so when you said you wanted the ones with the most part out value, you meant the actual part out value, not the price per piece.

    I don't think that there is anything like that around here. Someone would need to do a query and make a list of them if wanted. Don't think it's a possible function unless you do it yourself...
  • alexwilalexwil UKMember Posts: 358

    Thanks @Brickarmor! I am still not explaining myself properly- language barrier, I guess...

    I meant a rank as in: number 1 (highest Bricklink part out value); number 2 (second highest Bricklink part out value); you get the picture...

    I would like to have access to a rank (or the order) of available sets from the highest Bricklink part out value to the lowest. If such thing is possible. I guess it is not possible.

    I think I get what you are saying but find it slightly odd.

    Imagine set a costs £10 and has a part out value of £30. Set b costs £20 and has a part out value of £50. In this scenario set b would be ranked higher then set a. However the profit margin would be less so you'd be better off buying set a, but in part out value it is ranked lower.

    The 'ranking' system you are talking about would only work for sets that cost exactly the same amount, and as we all know lego sets vary enormously in price!
    bluedragon
  • CCCCCC UKMember Posts: 17,204
    The highest part out value will be sets like Cafe Corner and UCS Millenium Falcon.

    I don't really see that it is useful information. More useful is part out price divided by set cost. You can get this information yourself by getting the part out cost for each set you are interested in, then dividing by the cost price of the set (taking into account any sale price you can get).

    You also have to remember part out price is normally over what parts will sell for, and you also need to sell every part to make the full set part out price - again often impossible unless you heavily discount.

    A more useful way of doing it is set XXXX is on sale at £XX.XX. Part out price is £YY.YY. If £YY.YY > 2x£XX.XX, then it is probably just about worth buying to part out. A more diligetn person would look at whether or not the parts are likely to sell, or if there are any strange parts in the set which are expensive and unlikely to sell.
    legoprodsbluedragon
  • bluedragonbluedragon United StatesMember Posts: 477
    Yes, one would have to look at part out value corrected for retail price. Using minifigman11's example:

    set A part out value corrected for retail price would be 30/10=3 and set B corrected value would be 50/20=2.5

    That would rank them appropriately. Sure, retail price varies a great deal and not every part is sold in the end.

    Thanks everyone. I think I now realise that this needs to be calculated individually for each set. I will call it the Bluedragon ranking.

    I suppose it can now be closed.
  • bluedragonbluedragon United StatesMember Posts: 477
    For anyone interested, below are my top 10 BD rankings based on current Bricklink part out values and my purchase price.

    Based on 6 month average:
    1 #79003 Unexpected Gathering
    2 #850425 Business card holder
    3 #10193 Medieval MV
    4 #10229 WV Cottage
    5 #10224 Town Hall
    6 #9474 Battle of Helm's Deep
    7 #10219 Maersk train
    8 #10231 Shuttle Expedition
    9 #10197 Fire Brigade
    10 #9476 Orc Forge

    and based on current items for sale:
    1 #79003 Unexpected Gathering
    2 #850425 Business card holder
    3 #10219 Maersk train
    4 #10193 Medieval MV
    5 #10217 Diagon Alley
    6 #10224 Town Hall
    7 #9474 Battle of Helm's Deep
    8 #10229 WV Cottage
    9 #10228 Haunted House
    10 #10197 Fire Brigade

    Of course this is specific for me and the relative placing depends on the part value as well as on how discounted the sets were when I purchased them. However it is an interesting analysis if you are thinking of parting out one of your sets to sell and are unsure of which one to pick.
  • CCCCCC UKMember Posts: 17,204
    Remember that newish (6 month old) sets often appear high up that list due to historical prices of minifigs or other unique parts skewing the prices. When first released, these sell at a premium. So sales in the first six months are high value. Then sets start to appear on special deals, so cost price of the set goes down. But the six month average price is still high, because they are skewed by the first six month sales - when the sets were not discounted. People keep listing at the six month average (it sold before for £10, so I want £10 for mine), but not so many sales are made as the parts are now overpriced based on what you can actually get the sets for. If you don't reduce your prices below the six month average, then chances are your items won't sell.
  • bluedragonbluedragon United StatesMember Posts: 477
    ^ Yes, this is a snapshot and it's validity is limited in time. As you say it may not apply to newer sets. I will see how it evolves over time.
  • legoprodslegoprods SpainMember Posts: 434
    Also, it really depends on the price you find it at. I'll do the part out calculation every time I see a good deal, not with the retail price.
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