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What's the biggest/fastest profit you've ever made on re-selling a LEGO set?
Hmmm, reading some of the other topics here sparked a fun thought...
Looking at it with the eye of an investor, I think we can "predict the price curve" on LEGO sets very clearly:
PHASE I - When a big new set comes out, it might cost about $100 or so...
PHASE II - A year or so later, it goes on clearance, and it drops down to $75 or less on the shelf...
PHASE III - Then a few months after it's discontinued, everyone wants it, and it hits $150+++ on E-BAY...
So... What is the biggest/fastest profit you have ever made on re-selling a LEGO set? How long did you hold it, and then how much did you profit?
If you are "the Gordon Gekko of LEGO bricks", go ahead and boast! =D
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It had a high retail price of $100, a somewhat protracted production run, and contained Princess Leia who was exclusive to the set. Its resale value peaked ~2-3 years into retirement at around $450.
The Leia minifigure also set the standard for high value minifig collectible, fetching upwards of $80 on eBay.
Try doing that on the stock market!
[Note: Annualized R.O.I. = total profit made / years held]
Anyway, I sold it on eBay for over $220--not bad... :)
As a comparison the first white Boba Fett minifigs were sold for over $500 each on eBay at first. Now as more figures has been released you can get one for under $20.
Bought a used carousel while it was still in production for my daughter to build. 3 months later it was discontinued and we sold it (she knew we were going to sell it after the build...that was the deal). Sold it used for $340. So she got the fun of building and we made a little money on the side.
Just sold a new taj mahal for $550.00. Bought it on sale for $250.00
It's a great way to pay for your hobby. Plus if your an AFOL it's quite fun.
Over 337.76% Annualized Return On Investment!
You should have bought ten of them! =D
I have you all beat.. I sold a item # 7779 The Batman Dragster: Catwoman Pursuit for $130 and I only paid $9.99 for it..
that is... a 1300% profit.. beat that.. plus I had 13 of them and sold them all in under a month at that price..
I bought multiple copies of 4476 Jabba's Prize for $0.49 each, and sold each one for $57 or higher. That's an ROI of more than 11500%
The boys on Wall Street should be jealous! =)
Six hundred thousand plus?... Not too shabby! =D
The quickest turnaround I have ever had, so far, for buying a set, and selling it.
Although I must admit it will be more difficult if everyone starts thinking it is a money maker (I think back to Baseball cards and Comic books of the early 90's).
As for Batman sets, it was pretty wild they climbed as high as they did like that... I seriously doubt you will see that type of meteoric rise for Lego sets again... unless the batman line is redone anyway...
When I got them, I counted them out and realized that the seller had never bothered to actually count them... because there were 1,028 windows in total.
3 years ago I sold them to an American collector for $1.50 each... or $1,542 in total... for a profit of $1,400.
I wasn't collecting lego at the time these were available and since i've come back in I've wanted to get the Arkham Asylum set but whoa the price on that is crazy.
I recently got my hands on a sealed UCS first run falcon for ~ $1300. Hoping to sell it in 10 years for > $10k.....only time will tell. Appreciation is imperative for me in this hobby but to be honest if it beats 5% per year I am a very happy camper. If Lego ever loses/gives up the Star Wars license I will ask $50k for the Falcon lol.
I used to try and buy sets on clearance and guess what might be valuable (bottom fishing) but now my main strategy is buy high and sell higher. Got some sealed Green Grocers for just below the $300 mark 2 months ago and looking to sell above $600 within 12 months. The returns are not as great as picking a winner at the bottom but I cannot complain about risk free profit.
I think my friend also said something to put this into perspective which was: "If I could sell a plastic toy for 1000 Id do it in a heartbeat."
Not to mention realizing you basically have thousands of dollars sitting in a closet in your home...
Small sets are 'hit and miss' to be honest and it is about how many do you buy to make a killing? Does that set get a similar set out from Lego later, causing the original to drop like a stone.. I was fortunate and sold all of the 6209 Slave 1's I had before the redo of it, but again I do not like having to worry about that.. Now again I, like most you, buy stuff on Clearance or sales (like BOGOs) but since more and more people, some not even interested in Lego- they are just bargain hunters now, all think the same way.. which is Ok.. IF Lego runs out.. I think Pig Farms a good example of this.. now they are going up a bit now, but for the most part well under retail because Lego 'sold out' only to have them back in stock for another 20 days ( I believe).. so it is a bit risky.Plus smaller sets sometimes do not all sell at once, sometimes it occurs over a span of months.
When Lukes Land Speeder came out (2010) I bought 8 of them on sale $39.99 each. I split them up and sold each one the same, speeder plus Luke for $33.00, Ben Kenobi for $12.00 and R2-D2 and C3PO would sell for $30.00 as a pair. I could never quite believe it each time I did this but they always sold. I kept all the Sand Troopers because I wanted a good size squad of them. I now look for sets I can do this sort of thing with and it really helps keep my costs down more than making alot of money, interesting though.
I'm also assuming quite a few people are hoarding the Death Stars, waiting for the retirement and hopefully a value ascension like the MF. So you'll be competing with them for a while. Long term it'd pay off I'm sure. Depends on how patient you are.
As for Patience, you hit it right on the head... it really is about patience and allowing those weekend sellers to get rid of their stock to make their tiny profit in order for the prices to increase..
Death Stars I think will still increase pretty rapidly, although I know a handful of sellers on eBay that are hoarding A LOT of sets.....
I'd like to quickly introduce myself on here and will post on a few other forums here to notify you of my contact information for fraud related Lego sales. My name is Thor Magnussen and I now work for Lego; I'm here to help combat the fraudulent sales on sites like ebay, ecrater and this site as well.
If any of you have information related to fraudulent sellers please contact me via email at [email protected]
Sold my first Imperial Flagship from Black Friday today. Bought for $130 from [email protected] Sold on Bricklink for $200.
paid £0.19 in Tesco lol