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What is not beside the point is the reality of your LEGO investing not approaching anything near what you were suggesting you are willing to do. It's laughable to cite the pre-christmas Minecraft as an example to support your claim. That purchase would simultaneously require a time machine to allow hindsight to completely remove the element of risk and a reality distortion field to remove buying limits.
Given those unrealistic parameters, who wouldn't buy everything they could? But that scenario is not the same as your assertion that you are willing to take a position equivalent to $125k on a set. You didn't mention risk, opportunity cost, or anything else as a case against it, but simply that the set wasn't popular enough. So, in your vast LEGO reselling experience, did you ever take anything near that large a position or was I correct about being an order of magnitude lower? If you haven't, it was simply because no set was popular enough, right?
LFT is never shy in offering his opinion or advice, and there are many who value it, which is a dangerous thing when left unchecked. I'm not saying he is deliberately giving poor advice, but i believe it was appropriate to call into question his willingness to invest six figures into a set without ever having come close to that kind of exposure.
It came across more of a, "with what I know now and if I had the means I would do....", which most of us would. Same as me wishing I had grabbed a 100k worth of the first 3 Modular's at or below retail :)
As far as advice or information gleaned on these forums...I would say all info on here is worth what your paying for it.
I would also say that a constructive conversation would be about what sets to consider (as a collective whole who value each others opinions) looking forward and not "I purchased 71 FB." It serves absolutely ZERO purpose in disclosing how much you purchased in real life or fantasy Lego life.
I think its all low hanging fruit and that draws in a interesting crowd.
So, anyway, QAR seems to be performing well...
Can anyone speculate if they think they will go up further?
QAR does seem to be doing quite well. I see it getting to the mid $200s by summer or fall of this year. The Maersk Train isn't doing quite as well as QAR, but still seems to be doing pretty well. Where do you all see this set getting to later this year? I'm hoping mid $200s as well.
October - 1200 sold
November - 1460 sold
Bricklink shows: 940 sold over 6 months.
How feasible does it look for one seller to move 2800 in just one week? Isn't this routine type of exaggeration a disservice?
As far as selling 2800 in a week, don't forget he said at double retail, most of the ones you listed sold at much more then that, plus he has other avenues to sell them such as Amazon.
Maybe 2800 in a week is a little ambitious but Who knows :)
No doubt you won't be getting private advice again.
From what I have read from LFT he puts himself out there, personally I like that, as I don't like to be as open as that, but its nice to read and follow someone who is, and as seems to happen, some people seem to like to shoot him down...
@ LegoFanTexas, You just can't win. Last Jan. it was the WalMart buying ( poor little Timmy ) and now this.
I think if I were you I would just lurk in Jan. ;-)
I own a business, but my business model works for me. LFT's business model works for him.
MF x 2
CC x 2
GG x 20
MF x 2
CC x 2
GG x 20
Fantastic! And curious, do you still have any of those stashed away?
MF @ $1,100
CC @ $450
GG x 5 @ $275 x15 @ $325
As for stashed away, I still have a personal copy of each, that I have built (except the MF that is on my tobuild list). I do not regret selling any of them as I doubled my investment on each and every one.
Often you will also find ebay auctions going for more than the crazy price the item is offered at on bricklink too. I managed to get rid of a load of Frodo polys at double bricklink average prices on ebay, even though the same item wasn't selling at fixed price for 1.5x the bricklink price.
Something similar happened with Friends Chloe. I was the first person to sell a Chloe minifig on bricklink (officially, not as a custom) - two sold for £5 each - crazy price seeing as I paid less than £5 for the book she was in (and so I got all the other parts free) but someone wanted it and didn't want to wait for a drop in price. Her price was £5 / $8 for a couple of weeks as people listed theirs at the same price. It took a couple of weeks for them to drop to 50% of the value and for sales to start. I put this down to the way people list at bricklink for a new item. See what it sold for before, then slowly reduce the price. Don't start low, as once it is sold, it is sold. If it hasn't sold before, try a crazy price and see if it works. Meanwhile, sales are going on in many other venues. Some to lego fans, some to other people.
Same thing happened with electrosuit batman. Same thing with Thor and the Cosmic Cube. Same thing has probably happened with many other sets and minifigs.
"Haters going to Hate!"
Seriously, can we keep this thread for what it is intended for? If you want to discuss the art of selling real versus fantasy quantities and good versus bad advice then start another thread that is easy to ignore.
Honestly though, reduced BF or post-Xmas sales can be a huge help from a reselling perspective. Now, from a collector standpoint, it can force you to pay premiums if you missed something.