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How would you feel about re-releases?
This is something that I've been thinking about recently. How would you feel about Lego re-releasing Cafe Corner, Green Grocer, Market Street etc at their original price (or very similar to the current modulars)?
On the plus side, if the modulars were re-released, I imagine there would be a high demand for them from all of the people who were in their dark ages and/or didn't realise how fantastic the modular sets would turn out.
The downside would be that the people who overpaid for them would be disappointed, the collectors who bought as an investment would be disappointed and there's a possibility that people wouldn't buy multiple expensive sets in the future. I would say that it's highly likely that far more Fire Brigades and Grand Emporiums have sold because people are buying 5 sets at a time so that they can make a profit when the production cycle halts (although I imagine that so many people have done this, there won't be as much profit to be made out of it - certainly not in a comparable amount of time).
I got thinking about it, because I saw a set on Amazon at nearly £1,500 and it made me sad that Lego don't see any of that money.
So, would you be in favour of a re-release? Or are you sitting on 20 Green Grocers and would be devastated if such news was announced?
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Recent discussions •
(and I missed out first time :-))
If you look at the ownership numbers on Brickset for the Legend sets and the originals on which they were based, there are more instances of owning the original, and it's often not close. I understand that the originals were available for a longer period of time, but take a look at the Black Seas Barracuda, for example. Widely recognized as one of the greatest sets of all time (Brickset rating of 4.9, rated number 1 set of all time on LUGNET at the time of the re-release), retired for 13 years yet here are the ownership numbers: http://www.brickset.com/search/?query=black seas
I have managed to snag a 2nd hand CC and paid 3 times original retail for it, but if it was made available again it would probably be the last modular I would get, with the exception of Market Street. Not that it's not great but I love the others too (more?). So certainly would not rush to buy it.
The Café Corner and Green Grocer are somewhat different from the Legends line as they have an immediate and growing demand from the people who are only just now getting into modulars.
They are almost essential to have a "complete looking" row of the houses. Almost everyone I know who has a recent modular, such as the Fire Brigade or Grand Emporium, wishes they could get the earlier ones.
The fact that $1000 Café Corners sell at all should suggest that demand for a re-released $149 version would be very, very high.
I'm not sitting on 20 Green Grocers, thank God. I have one Cafe Corner that I bought when it was first released because it was so beautiful and unusual for its time, and passed on the Market Street even at $44.99 because I thought and still think that it's just not as beautiful.
Those thinking of cashing in by buying 5 GEs or FBs will make some money, but I agree wholeheartedly with the OP that those sets will not skyrocket, and at $149 a pop, there are other sets to buy.
I would be interested in hearing what collectors of the Star Wars UCS think of the modular line as they are similar in terms of collectability. Did you buy every set? Do you regret not getting every set? Do you regret getting every set?
Anybody got a Market Street to sell? :o(
I believe that the legends line came out at the wrong time. I'd like to know the statistics of Lego fans now (i.e. Brickset users) as opposed to when the Legends series came out in 2001-2004. I got think that the number has gone up 10x. Price is a good indicator of demand. The high resale value of these sets are not isolated to a few instances. These same '2 people' can't possibly afford to continue buying these sets as sales of them continue to escalate.
There is a perfectly good reason to own more than one of each of the modular sets, besides for investment.... additional floors. Also the pieces selection for these sets are rare, so they make good sets to part out for custom builds.
Take a rare Rolex, it could sell for £50,000 at auction being bid up by 2 people who crave it. But if Rolex were to re-release that model for it's original retail of £4,000 they would not expect 1000's of people to suddenly buy it...
I never purchased a market street and while I somewhat regret that decision, that feeling is due to the increase in value rather than a desire to have a copy of the set. I would still not pay much more than $100 for it.
At can't comment on Rolex (I don't own a watch), but I think your scenario could be possible, especially if the original price was $149 and the auction price was $1000.
I love the idea of re-releasing sets, but it makes sales forecasting very difficult for TLG. Today, a set is in stores for a year or two and then retires. LEGO can estimate how many castles (for example) they will sell in that time frame. But if there are two different castles offered in the same time frame, they have difficulty forecasting the sales of each one. Even AFOL demand is not infinite so that they will sell enough of both castles to be profitable.
If there is a demand, at that time, for a set, HOW are they idiots? Look, if there are only '2' people fighting over a market street then logic would dictate that prices would plummet after those two got a market street.. as I have not seen this yet I take it they are wanted enough for people to pay a good amount for one...
Many people wanted a Metroliner... enough that Lego heard this and decided "Ok we will build them and sell them out..."
Well as I noted before they wound up sitting on a shelf and being discounted heavily to get rid of them....
While the Cafe Corner is sold out, there are still many out there. Most, obviously, in the hands of either collectors or resellers, but they are out there. This will, more than likely, mean that those are people that will never buy another of the set they have.
AND Lego has a decision to make of HOW many is enough? 100K, 200K, 300K?
Lego does not do things in small batches, I gather they make a lot to maximize their profits..
(Plus the cost of any special color that was for that set.) Well, if they make a ton of cafe corners and only sell half of them, then have to then cut the prices 50% to get rid of the rest.. how much money is Lego making really??
although i never researched second hand lego at the time, i believe the legends series failed because the prices of the re-releases were higher than the prices of the used originals, so people in the know would of just bought second hand.
there should be re-releases of cafe corner, green grocer and the ucs millenium falcon at their original prices in the next 5 to 10 years i think. theres definitely a lot of money to be made, so why not.
The question is if there will be enough future AFOLs to justify the re-release (with some changes) of modular/large-build sets. I, for one, would rather have a Taj Mahal again than the Cafe Corner or Market St. or Green Grocer (although I would jump on these also). But I am not going to hold my breath. I am not sure the appeal of retreads outside of long-standing licensed merchandise like SW would fare well.
I you re-release the Cafe Corner, none of the people who own it will buy another copy (why would they??). So TLG have just ruled out 1000's of sales. Release any of the TONS of great ideas for new Mods and they have all the existing fans and new purchasers.
Same for UCS Falcon, if TLG re-release I swear they would lose money, or for sure not make the money they could on a new UCS set. Ergo, can't see it happening..
I hate to say this, but LEGO has made some poor sets in the past and an update of the early Modulars would not be the worst decision that they make. It may be early now, but in a few years, why not.
Some of my favorite old time sets were the Hobby sets of the mid to late 70s (390, 391, 392, 393, 394, 395, 396, 398)... these are sought after today... but were considered failures when introduced in the 1970s... I guess antique car models et al, were not very wanted for children back then.
And auctions can be very fickle... as they say on the Antiques Roadshow... (for auctions) "and on a good day it can go for even higher".... it very much depends on how many people are interested on a particular day.
The biggest extreme in LEGO auctions I've ever seen was for a #610 "Double Wheel Toy Set" (Canadian version) of 1964... it built a blue LEGO locomotive... Back a few years ago I remember seeing one with box and instructions selling for $18.... then less than a year later a 2nd one of equal condition/contents sold for $383. Sometimes it just doesn't make sense!!
7142 (re-release of 7140)
7152 (re-release of 7150)
As I recall, that was different packaging and a new set number, but otherwise, I believe they were identical.
Still I think it may be beneficial to re-release them with updated interior, at least so it's different and some who have it will still buy it, as @vwong19 stated.
I myself, being a collector, have just started collecting modular buildings with the Fire Brigade, but I would really like to own all of them, but if they continue releasing them for a while then maybe I can do without the first 3, mainly because of space.
Which means, fewer AFOLs will attempt to start a modular collection, which means fewer future sales of modulars, until TLG considers it unprofitable to even design them, which means the line will crumble and die.
So there. Re-release, or see the modulars perish through AFOL apathy!
Who says we can't have more than one set released per year.... Market St and Cafe Corner were released together. At the moment we have 3 available, but by December it will likely drop down to 2. LEGO could add a limited run of the re-releases to bookend the new 2017 model.
^^I'm sorry, but the modulars are immensely popular despite many people not being able to own them all. Just as I'm missing a few early iconic Star War sets, doesn't mean I do not collect what's available now. A fan of this series should definitely start collecting and hope for an eventual re-release or an increase in supply of the the rare elements for manual assembly. The worse scenario is to love the series, but not collect them due to a few discontinued sets... then later discover that LEGO will re-release early sets, but then not have the current sets as they will also be discontinued also.
If LEGO does not re-release these sets, then in 5 years someone can buy my Market St or Cafe Corner for $2000. Thanks LEGO.
It would be a huge endeavor to create a completely NEW modular, whereas re-releasing one would just require them to bring up old molds and hopefully come up with an interior. They could easily re-release one along with the release of something new, and even though it probably won't sell as well as a completely new one, it would have costs much less to produce and thus IMHO would still be profitable.
If you missed out on a set bricklink/ebay is your friend. Given that TLG actually directs you to bricklink when they do not have a certain piece/set instock that speaks volumes on their business strategy going forward - no re-releases for sets that do not contain current parts. One interesting trend that has just started is for TLG to do further production runs for recently discontinued sets that are popular and selling them online only through their website. Don't miss the boat the second time around!
There's a grain of truth in it, however. I recently helped get someone into the modulars, but it was touch and go when I explained the huge difficulty in getting a Café Corner and Green Grocer, which he thought was key to have an impressive collection.
There's a large element of jealousy for what other collectors have!
However, given that the currently available modulars - Fire Brigade - Grand Emporium - Pet Shop - makes an impressive lineup in its own right, I think that's why TLG will continue to "overlap" the releases. A ha! The real reason for the many people here not wanting a re-release!
I still hope they will re-release it someday! I hope then the re-release of Cafe Corner will come with inside interior details such as cafe desk (and more cups, glasses, stools and tables) on the inside of the cafe house there and hotel rooms (bed, bathroom, night table, TV), also walls between the stairway to the hotel. I think they will earn a lot of money on a such re-release, many people who don't even have those sets. They could of course change some colors, but I think after all it's a perfect set.
Is there any way where we can contact the Lego Group about a request?