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The new-in-package bulk lots that regularly show up are much better, but they can be hard to win.
I find it's very fun to watch what shows up, though. I've discovered some great older sets by watching the auctions regularly.
I found it kind of funny how one of the lots had a mention of "Millenium Falcon" parts, and the price for that lot went through the roof.
Lego Mindstorms Robotic Invention System 2.0 $66.17
Huge LEGOLAND Pirate System 6285 IOB $60.00
LEGOLAND Pirate System 6274 IOB, & 6451 IOB $31.00
You can search finished auctions to get a feel for the place. e.g. here is a pirate ship that sold back in Feb:
http://www.shopgoodwill.com/auctions/LEGO-Pirates-of-the-Caribbean-15605905.html
If you check the bidding, you'll see there were 5 'snipers' that bid within the last 60 sec. And, it almost doubled in price in the last 30 min.
As for deals, I seem to often find good ones. But they are of the 'crap shoot' variety rather than obvious deals. I took a risk on one box that was beat up and taped back together. The set inside turned out to be new and complete---well, except for the box---a $90 set for $25, shipped, was a great deal. The last bulk auction I won looked like a nondescript pile of bricks from the pictures, but it had 16 super hero, advent calendar, and harry potter minifigs in it---still new and in the original plastic. I bid on it for the Technic pieces that were visible, but was very happy with the whole package. That said, I've also bombed a few times, and ended up with a box of dirty unremarkable used bricks (and hot wheels cars, megabloks, etc, included) that I thought were real gems in the pictures.
I've just recently emerged from my Dark Ages (thanks to the Lego Movie), and I've been bonding with my son by playing Legos with him (he is 3, about to turn 4 in a couple weeks). So I've been trying to build up my supply of Legos, including a bunch of the basic blocks. Goodwill is seeming like a better source for bulk Legos, especially with recent eBay horror stories I've read in another thread. And if I spend a little more than eBay, at least the money goes to a good cause.
I guess I still don't know what a good rate of Legos per lb is though; I just won an auction where I'm spending about $8 per lb (which includes shipping). I don't know if that is high or not.
Searching finished auctions does help in establishing a good baseline, and gives me a good idea of the "sniper" vulnerabilities. Thanks for the advice @haakono !
My advice would be to pace yourself. Over the course of a year, there are plenty of opportunities to acquire bricks on the cheap. June/summer clearance is coming up soon and there will be sales, although Fall/Winter is usually the best time for bulk brick deals. If you follow sites like brickset, toysnbricks, and fbtb, you'll be sure to catch the best deals. The older sets are attractive, but if they are to build+play with kids, they'll enjoy new sets you find on clearance just as much.
And, if its a pirate ship you want, there are strong hints that one will be released next year (http://www.bricksetforum.com/discussion/14630/pirates-2015/)
I like shopgoodwill because it's mostly a known risk. There are no returns, so you need to be willing to accept whatever they send. Knowing that, I tend to fix a low max-bid price in my head and bid at the last possible moment (at least as my work schedule allows). Once the set/batch on offer approaches 75% of what I could get it for on bricklink/brickowl, I pass. I've found that used sets are rarely complete on SGW, so if you want it to be complete expect to fill it out with bricklink/pick-a-brick orders.
My price/lb metric is $3-$5/used, $8-$10/new, but it also depends on which partial sets are recognizable in the lot---the lot with Technic parts I mentioned above was $12/lb shipped.
Good luck!
Eventually I will want to get some more Technic parts as I try to put together a GBC, so its good to know what the going rate for it is.
I have been having fun with the bulk legos I got a while back. My son and I are finding creative uses for all these parts that I have in abundance. This evening, we were trying to design a foundation for a tower using about 80 socket partss of the ball/socket combinations. I don't have any of the ball portions, just the sockets. Which makes things interesting.
I also had a reminder tonight that bidding in an online auction can get crazy. I was tracking a Bat Cave that was $35 earlier in the day (with $10 shipping), only to see it jump to $71 an hour before concluding. This is more than RRP (unless they're doing store pickup). Which doesn't bode well for the Temple of Doom set I've been eyeing :(
You can find some relative deals there or gets sucked into a bidding war, just like any other auction site.
Overall in a lot of ways there's an rough overall consistency and common UI and payment system but the specifics of how the lots are generated and how well they are labeled/pictured varies greatly from location to location. Generally the locations that have figured out how to generate the most income from the Lego they list generally will try and keep sorted/boxed sets together and use the most photo's. These locations also tend to be the ones that will pick out the minifigs and related specialty items from any bulk or unsorted lots and list them as separate lots (which can be good or bad depending upon how much you are looking for minifig lots versus sets of of unsorted lots).
You do not normally have the issue of the seller taking the money and running etc, I've gotten what was pictured in every purchase from a variety of locations. That's how they list the lots as well, they don't guarantee sets or whatever they are listing what's pictured (or described by a weight listing).
Bottom line shop goodwill can be a good place to keep an eye on if you are shopping for used Lego, as long as you pay attention to the shipping cost add-on and include it into the price you are willing to pay.
As for GW auction site: It sounds to me like really your best bet is to go after lots that no one else would and hope you get a good deal ( like what @haakono reported)
Also listing the 'good deal auctions' you see on a thread that probably has many snipers patrolling GW's site is really not the best idea.
I will not bid on anything on Goodwill's site. Most goes for way too much to be a good deal to me and it is not really worth my time when competing against those who work out price per brick estimates as most people that buy from GW appear to be part sellers, which renders such purchases worthless to me as If I buy any lot it is to rebuild the sets out of it.
It is kind of fun to play "guess the set" with some of these pictures. Right now I'm bidding on a set that I think contains a Harry Potter Hogwarts, based on the green towers I'm seeing. Does anyone here buy bulk legos and try to resell reassembled sets?
I know that before my Dark Ages, my Lego setup was always in the sun, and I think its gotten fairly brittle over time. I think once I've built up a good quantity of bricks, I'll start sorting out the old bricks. I guess I need to acclimate myself that its ok to replace bricks in a set with identical, newer bricks.
I doubt Goodwill is dumping all parts into a wash bins and tooth-brushing each part separately
What puzzles me is how some Goodwill locations have tons of Legos still in their original bags. Do people receive them as gifts and then just never open them? And some of these unopened sets are fairly recent.
Mind you not from good will, but I seriously doubt they are spilling out the boxes they receive or looking that closely, let alone washing them.
Here are some examples:
Millenium Falcon
Rancor Pit + Lego Movie Police Chase
Jabba's Sail Barge
I'm not heavily into Star Wars, so I'm not too worried about other forumers swooping in. My concern is that something shady is going on, like maybe these locations are being used to "launder" stolen Legos. I'm not sure how that would work, but it just seems very unusual. I'm having difficulty imagining why these Goodwill stores would be receiving brand new sets.
http://www.shopgoodwill.com/viewItem.asp?ItemID=16884437