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He wants retail price, plus some, for all of that.
The 300lbs should be about $5/lb, so that is $1,500. The minifigs are worth something, lets say $1 each in bulk. So that is $1,000.
So for $2,500, it might be interesting. He is asking, as of right now, over $5,000.
What I suspect is that he/she has sold all the really good stuff and is trying to dump what is left. Large sellers always have such lots left over and no easy way to move it. What you don't see is the much smaller pile of good stuff not in the lot.
I was recently offered a large lot of inventory from a local reseller, "getting out of the business". I talked to him, and figured out pretty quickly that his sales were not what they once were and he needed to restock to keep it up and didn't want to. But he wanted a crazy amount for what he had, so I passed.
anyone have a few months free to sort it??
As CCC said, when you look at the pictures you soon realise that most of this stuff isn't worth much, with a few good parts dotted around. My theory would be people just trying to sell off their old 80s/90s stuff that hasn't shifted, either to buy new stock, or as others have said, as they're getting out of the hobby.
Secondly, with all the cool Marvel, Spiderman and LOTR sets and mini-figs out there there is more to collect from now. In my opinion, a few years back everything else was just boring compared to Star Wars (excluding trains, modulars and city stuff).
So yeah, I can see why people are selling off their stuff. Personally, I do not think it is boredom, but rather optimization.
I suspect most of them are being bought, opened, and enjoyed, forever removed from the market.
Thus, supply goes down while demand remains steady, thus prices go up and probably won't ever really come down, they'll just level off as more and more people say "I won't pay that much".
I wouldn't think people are buying these for resale although not out of the question. I don't think there is a bubble either. Eventually the prices will level off, it's just a question of when,so this is why I don't think people are buying these with the intent to flip them.
Also, we're due for another "corner" building next year, I think when that comes out, we'll see CC start to drop slightly...
I think the next corner will impress, I expect over 2,500 parts for $199 this time (it will probably drop 100 parts or so each year for 3 or 4 years, then they'll jump to $249 and start over on the part count like they did with TH.
BTW, I took another look for that box today, I think the cat ate it... and I don't have a cat... :)
That said, I can definitely see where people who just want the corners to function as either end of a straight line would be glad to dump Cafe Corner as soon as the next corner comes out.
I don't care who you are, that there is funny!!!!
If you buy Cafe Corner for $1500 and open it, you immediately flush about $600 or more of value down the drain.
My family spend a looooong time in the baseball card business, and I can remember selling unopened 1963 Topps packs in the 1980s. When someone bought one to open it (I seem to remember them being $90 each), a crowd would form around them, to see if they got the Pete Rose rookie card. But, while they are gambling, people do so with the hopes they win MORE money, not flush $600 down the drain.
Over the years, my family has gone through collection after collection, and there is always that MIB sector of the market. To destroy that value by opening something almost goes against the whole point. Would you buy an original Star Wars 12 back Darth Vader and open it?
Even forgetting the fact that the economy has been so depressed in the past few years, I think those who buy a $1500 Cafe Corner also know that it has investment value. That they can make their money back one day. I know that supports a lot of the logic around my collection. I don't know many people who have the kind of money that they don't mind losing value by opening a "rare" MIB product.
This is the need of any investment market, to value MIB. There is no reason that a Cafe Corner should be 75 cents per part. There is nothing holding that up other than perceived value. Perceived value of a set made just a few years back, and thousands of them were made.
I watched the housing bubble and closely followed blogs back in 2005 that showed incredible data showing how big the bubble was. But no one in finance wanted to listen until it all crashed around them. I am NOT in any way shape or form saying that there is a LEGO bubble that will crash. But I also feel that there is no way to ignore that some of the same reasoning may apply that helps support ever-inflating prices on some sets.
As others have mentioned, LEGO is PUMPING out cool new themes and sets. Heck, I buy a lot of them, and can barely keep up. And my biggest issue is storage space for them all.
I have a MIB Market Street. Will I open it? No way, I just can't justify eliminating hundreds of dollars of value like that. How can others?
If your buying to invest in it then thats a different story, i just don't see what enjoyment people get out of keeping a sealed Lego set to collect, sell on, sure but to keep in your collection? :/
Yes it loses its value but thats the price you pay for the enjoyment of building and displaying it.
People may say they are buying it as investment but if they they know they could never part with it then they are a collector not an investor
On the other hand, if I had paid retail for it, it would have been long opened and the so call psychological barrier of mine will not exist.
In fact I know it... I sell many expensive retired Lego sets and I get e-mails from customers saying how much fun the build was. The customer I sold 10181 to last Dec for $1,500, did just that, thanking me for getting it to him quickly so he could build it while he had some free time to do so. Yes, and clearly you care about that.
Many people do not. When you buy a brand new car and drive it off the lot, you often throw away $5,000 or more of value, just like that. Buying a 1 year old car can save you $5,000 to $10,000 of money.
Yet 15 million new cars are sold every year, because people WANT a new car, not a used one, and are prepared to pay for it. People do not build and play with Pete Rose rookie cards, and a "new one" is really no different to a "used one", it is just condition.
Lego and baseball cards are really not the same thing. How can others? you ask? Easy, they have enough money to not worry about it.
There are a lot of people in this country who have a lot of money. Tons of money. More than you can imagine money...
I sold a 10030 last year, sealed in the box, to a dentist in California to give to her pre-teen son for Christmas. She could care less about the "MISB" value, she'll probably throw the box away.
People spend $2K on a bicycle that loses 1/3 of its value once used, then they go ride it.
A toy is a toy, build it and have fun with it. :)
Last summer and the summer before, I found amazing buys - via Ebay - on Lego.
Some might be clearing stock, some might need money to pay bills, some are indeed speculating on a Lego craze... in the end, though, Summer is when I search Ebay for great deals... and the Holidays is when the majority of the world goes back to Ebay to buy buy buy.
There are also plenty of younger teens/college kids selling their stuff to make a quick buck. That's a great way to to pick up some recent sets.
*does some math*