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The third reason is that their averages can never truly take into account the actual condition of the set YOU would be selling or YOUR personal seller rating, both of which can drastically effect your personal rate of return.
I have a general question for the more seasoned resellers here... I'm sitting on many sets that retired this past fall/Christmas. Most are hovering very close to double rrp, which is my trigger point for reselling. I assume other resellers have the same trigger point. Do they? When a set hits double rrp does it become more difficult to sell do to increased product (all the resellers suddenly flood the market with stock)?
As far as I can tell MT has done exactly what EN has done with respect to its rate of appreciation over time. MT made about a 60% jump to around 200 very quickly, and since then has only crept up to its current rate right at double rrp. I didn't buy EN cause I wasn't reselling then, but I was surprised when I looked at its numbers at how low it was given the MT first two or three months post EOL. Obviously I know those numbers aren't actually low. But I saw MT shoot up like a rocket and thought "man! EN must be $500 by now!"
Thanks for the advice on this forum. I didn't fall into lego reselling because of the newspaper or the Internet. I fell into it because I was looking online for a set that I had lost which was very valuable to me, and was shocked to learn its current value. (In hindsight, not really) it all clicked and I realized that if I was patient and made studious decisions I could make a healthy profit. Then I found the brickset community and this forum. I can't say how many people like me have flooded the reseller market lately but what I can say is that I'm sure there are a lot of posers and impatient people tying to do what I'm currently trying to do who won't make it. those people came out in droves when the B wing went on sale and either picked one up for long term holdings or couldn't get one and bought several on eBay for $200 or higher, which was hilarious to me. The point is I think alot of new resellers think reselling is a goldmine, but instead they're going to get burned by making poor impulsive decisions.
Bravo about your last statement about entry price. I wanted to include that point in my previous post but it had already became too long. For me, THAT is the "surest" thing in LEGO reselling: identifying a good LEGO set, and then buying it at a discount. The "sure" thing is the discount being the base of one's profit while the tripling of any set's value is obviously much less guaranteed.
In addition, many of these battlepacks tend to get a minor update and re-released.. I'm sure this will occur once the Ewok Village is out.
I think one of the sets that may finally start to rise is the latest Battle of Endor set with the bunker
Is it just me, or does anyone else feel that after all the off-topic discussion that this thread constantly has, the on-topic discussion is actually "off topic"? :o)
http://www.brickset.com/browse/themes/?theme=Harry Potter&year=2011,2010
Unless another movie is due out LEGO is not going to keep the line re-appearing and even it if does they are probably going to once again repeat a bunch of sets, which means that HP set may or may not continue to rise even if another movie comes out, or a re-release of the movies come out.
Because I am pretty sure that the original sets that were discontinued but redone (like Knight Bus, and The Hogwarts castle) did not fair well once the line was back, because people would rather have the newer version.
See any pretty much any previous SW set incarnation when redone as proof of this.
Regardless, Harry Potter will never be as iconic as Star Wars or many other current LEGO licenses, and its merchandising potential has already seen a sharp decline, never mind the fact that many people who grew up on the books freely acknowledge that three of them are pretty poorly written. From LEGO's point of view, Harry Potter is no longer 'fresh' or even relevant (and Rowling intends to keep it that way for the foreseeable future), so there's no real upside to them re-pursuing that license.
And that's exactly why I feel the HP sets will continue to rise, especially as the kids who would have been most affected by HP reach the potential 'just coming out of my dark ages' stage of life. Short of Rowling breathing new life into the franchise, LEGO Harry Potter is done, so the rehashes that plague the SW aftermarket are virtually non-existent here. Where the ceiling is for these sets, I'm really not sure, but they should do very well at least this Christmas and next.
Yeah, there will be a demand, just not what it could be. I don't see people wanting the old HP sets that much since there are no new HP sets to combine them with. I think that makes a big difference. Kids aren't nostalgic today. They want the latest and greatest, the new, the trendy. They want what's on TV, cartoons, what is marketed. I think old HP LEGO sets needs some connection to that aspect to really do well.
1) Movies are a major crutch for these toy companies' to generate a spark. I suppose this has been the case for a long time, but the lack of new concepts is sad.
2) LEGO is the exception to the downward "non-electric" toy sales trend. Can they continue that?
Hasbro 2Q results miss Wall Street's expectations
http://news.yahoo.com/hasbro-2q-results-miss-wall-104754614.html
Fortunately LEGO has had some good movies to base LEGOS off of. Comic book movies are going to be around for a good while. Hollywood loves to copy a successful movie type (and often run it into the ground), so we'll see lots of super hero movies over the next few years.
Non-electric? Console gaming is something to contend with. Not only for game companies but parents and society as well. Which is interesting, because I think people now spend more on console games than on movies. :-) Of course, LEGO has console games, tied to a movie and LEGO sets! A trifecta?
Separately, I do really think the grab for licenses is getting to the "jump the shark" stage. Enter Mixels.
LOTR seems to have more in common with Indiana Jones or POTC: The demographic is more likely teens to adults rather than kids, and the sets were released in anticipation of a refresh of a popular franchise. I think the 2nd wave makes a 3rd wave more likely. With the third Hobbit film coming in December 2014, there will be another summer for LOTR sets.
Same with the Forest Police line - I held off on those since I thought they'd be around a while but those that have EOLd seem to be rising fast - #4438 appears to have doubled already.
a) it's Batman
b) it's the Batcave
c) the figs are all rare, with Bane and Bruce Wayne are unique
d) It's a decent sized set, within the magic $70-$150 window
I also think this because it's been around for a while and nobody's shown it much love, not unlike the recent HP sets. This will be one of those sets that people will regret not picking up because, just like HP, they had (still have) every opportunity to do so and decided not to.
The forest police was a cool foray out of the normal Lego City (literally). Being a huge fan of Alaska State Troopers taints my objectivity, but the trooper-like figures, plus the new Bear and general foliage in each set makes these all winners in my eyes. Until they make another forest police line, which I can't imagine happening anytime soon, these will be the only way you can get some good looking forest/ranger/trooper figs (and bears).
HP is much easier to make into films and has a bigger, more profitable audience which makes it the better option. I wish this wasn't the case, I have much more LOTR compared to HP, but most of them are for the long haul rather than quick flipping. It will do okay because it has a big fan base that also likes to play with cool toys, but I don't see it doing as well as HP. There isn't enough kids for it and it isn't relevant enough in people's minds for it to do as good as HP.
Also, HP reaches out to a much broader spectrum because it was written for young readers and has been such an omnipresent part of popular culture for over a decade. Many of the kids who grew up on the series have their own kids reading the books now, carrying on that cycle.
Helms Deep is one of my favorite castles.. Loved the Urak Hai army add on. I hope Lego continues to do connecting sets.
But, did we really need both #4842 and #4867 at the same time? That's a good question. They appeal to different price ranges, but really, I though the existence of the smaller one took away from the majesty of the bigger one (it'd be as if they released a $50, midi-sized Helm's Deep this year). Of course, I have to guess the answer is yes, because both are laying the smackdown in the aftermarket.