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Predictions on Discontinuing Sets and their Secondary Market Value

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Comments

  • cloaked7cloaked7 Member Posts: 1,448
    edited June 2014
    Yeah, it's a well kept secret that the catch phrase in the movie Jerry Maguire was originally "Show me the 27%", but it had a huge problem. When they pitched the phrase to a focus group only LEGO nerds understood that "27%" was the quintessential definition of ultimate success. So, they went with a more generic term, 'money'. And, the rest is history.
  • cloaked7cloaked7 Member Posts: 1,448
    Another little known fact is that 50 Cent called himself 27% as a teen. (He was a huge LEGO fan.) But, the name 27% didn't garner any street cred, so he was forced to change to 50 Cent.
    CupIsHalfEmptychuckpFarmer_John
  • hoyatableshoyatables Northern Virginia, USAMember Posts: 862
    Rumor has it if you play the Lord of the Rings movies backwards, Gollum's "My Precioussssss" sounds like "Twenty Seven percentttttt" . . . according to the Peter Jackson Director's cut, it was a direct reference to the dangerous temptation of LEGO exclusive discounts. Not coincidentally, LEGO has decided to punish Jackson by implementing a no-discount policy the moment the first LOTR exclusive was released and then ceasing production on future waves.
    cloaked7AmbroiseMathBuilderchuckpJP3804jasorminicoopers11Combee
  • cloaked7cloaked7 Member Posts: 1,448
    edited June 2014
    ^ Geniussssssssss..... I lovesssssss it! Play LOTR backwards! ROFTL!
  • Pitfall69Pitfall69 0 miles to Legoboy's houseMember Posts: 11,374
  • rancorbaitrancorbait Manitoba CanadaMember Posts: 1,850
    If my calculations are correct, when this tag hits 27% off... You're gonna see some serious sh*t!
    chuckphoyatablespreverebobabricksjasorGothamConstructionCo
  • Thanos75Thanos75 Member Posts: 1,117
    Despite the fact that the Deathstar circling the forest moon of Endor was fully operational it was in fact only 27% complete.
    chuckpbobabricksjasor
  • ecmo47ecmo47 North CarolinaMember Posts: 2,086
    Say Hello to my little 27%!!
    jasorchuckp
  • TheOneVeyronianTheOneVeyronian Help me, I'm inside the M25! (UK)Member Posts: 1,359
    I love these 27% references, but legend has it, if you stand in front of a mirror and whisper "27%" three times, a random LEGO Exclusive will appear at your feet*.

    *Doesn't work, I tried it ;-P
    StormKittybobabricksjasor
  • vitreolumvitreolum RomaniaMember Posts: 1,406
    Did you repeat that 3 times? :))
  • hoyatableshoyatables Northern Virginia, USAMember Posts: 862

    I love these 27% references, but legend has it, if you stand in front of a mirror and whisper "27%" three times, a random LEGO Exclusive will appear at your feet*.

    *Doesn't work, I tried it ;-P

    Well that because you have to say 27% times. Obviously.

    StormKittybobabricks
  • Rainstorm26Rainstorm26 Chicago Burbs USA (and sometimes Ireland)Member Posts: 1,004
    Why do I read this thread when only 27% of the discussion is about Predictions of Discontunuing Sets?
    pharmjodPitfall69jcb193bobabricksMilne44jasorBrickDancerchuckp
  • bluedragonbluedragon United StatesMember Posts: 485
    I'm afraid you overestimated that by 27%!
    jasorFollowsCloselytamamahmchuckp
  • NickF22NickF22 United KingdomMember Posts: 408
    We can pay you 27% now, and 73% when we reach Alderaan...
    LostInTranslationPitfall69LobotjasorchuckpGothamConstructionCo
  • TheLoneTensorTheLoneTensor MericaMember Posts: 3,950

    I love these 27% references, but legend has it, if you stand in front of a mirror and whisper "27%" three times, a random LEGO Exclusive will appear at your feet*.

    *Doesn't work, I tried it ;-P

    No no, you need to do 9% three times because...oh forget it.
    LostInTranslationPitfall69MathBuilderjasorchuckpminicoopers11GothamConstructionCo
  • TheOneVeyronianTheOneVeyronian Help me, I'm inside the M25! (UK)Member Posts: 1,359
    Oh, so that was what I was doing wrong? But then again, I heard that it only works 27% of the time for 27% of people...

    ;-P
  • hendrikdejagerhendrikdejager Member Posts: 27
    What do you guys expect of #75021 Gunship? And the new #75054 AT-AT? Both their previous versions did very well.
  • LegoFanTexasLegoFanTexas TexasMember Posts: 8,409
    prevere said:

    Everyone keeps talking about sales tax. If you're buying for resale you shouldn't be paying sales tax anyway. If you buy for resale then by law you have to collect sales tax at the time of sale anyway. Yes, I am aware many people don't do this and most won't ever get caught. But why not do it the right way and save all that money?

    Doesn't that mean you also have to pay an inventory tax on your items?
    Depends on the state you live in and how much you have.
  • LegoFanTexasLegoFanTexas TexasMember Posts: 8,409
    CCC said:

    Everyone keeps talking about sales tax. If you're buying for resale you shouldn't be paying sales tax anyway. If you buy for resale then by law you have to collect sales tax at the time of sale anyway. Yes, I am aware many people don't do this and most won't ever get caught. But why not do it the right way and save all that money?

    Do you get tax receipts so you can claim it back? Lego don't do VAT receipts in UK/Europe, what with them selling only to consumers and not businesses.
    Yes, at the bottom of all our sales receipts the sales tax is listed. Every three months I claim it back against tax owed so while LEGO is not helpful, I still don't pay tax on LEGO Retail Store purchases. There is a spot on the Texas Sales Tax form to input sales tax paid on items bought for resale.
  • xeeeejxeeeej Member Posts: 71
    So do you then collect sales tax from your purchasers to subsequently remit?
  • dougtsdougts Oregon, USAMember Posts: 4,128
    Only if they live in Texas I presume
  • cloaked7cloaked7 Member Posts: 1,448
    27% more donuts or a 27% LEGO discount? Dooooonutsssss (in Homer Simpson voice)
  • cheshirecatcheshirecat Member Posts: 5,332
    Should I bother to work out if they've considered the square donut to also have a square profile?
  • hoyatableshoyatables Northern Virginia, USAMember Posts: 862
    But how does one dunk a square donut into a round mug?
  • LostInTranslationLostInTranslation UKMember Posts: 5,519
    graphite said:

    So this just popped up on facebook.

    God I love this site :-)
    bobabricksbrickupdate
  • theLEGOmantheLEGOman UKMember Posts: 1,509

    Should I bother to work out if they've considered the square donut to also have a square profile?

    I was waiting for an r2-d2 reference.
  • bobabricksbobabricks Vancouver, BC, CanadaMember Posts: 1,836

    I love these 27% references, but legend has it, if you stand in front of a mirror and whisper "27%" three times, a random LEGO Exclusive will appear at your feet*.

    *Doesn't work, I tried it ;-P

    Well that because you have to say 27% times. Obviously.


    twen... aw :(
  • jasorjasor United StatesMember Posts: 839
    27% of the time, it works 100% of the time.....
  • Farmer_JohnFarmer_John USA - 4,035 Miles from 62 West Wallaby St., Wigan, Lancashire, UKMember Posts: 2,404
    This is me...only with XY chromosomes. Incidentally, that's our local Lego Store Manager standing behind me in the dress waving the magic 27% off stick...
    Pitfall69Legobutterflyminicoopers11
  • Farmer_JohnFarmer_John USA - 4,035 Miles from 62 West Wallaby St., Wigan, Lancashire, UKMember Posts: 2,404
    Oh...and this is the Lego CEO arriving just in time to spoil the moment...
    Pitfall69
  • BrickDancerBrickDancer Dunes of TatooineMember Posts: 3,639
    "You're coupon doesn't work. No discounts on exclusives my pretty buwahaha!"
    Pitfall69Legobutterfly
  • Farmer_JohnFarmer_John USA - 4,035 Miles from 62 West Wallaby St., Wigan, Lancashire, UKMember Posts: 2,404
    ^Actually, it is a bit embarrassing when the Lego CEO calls me "my pretty." That's usually my cue to flee from the store (with or without the 27% discount).
    Legobutterfly
  • cloaked7cloaked7 Member Posts: 1,448
    edited June 2014
    Wizard of Oz. The wicked witch. Let's see. Hummmmm.... Could it be? Maybe it isn't just the LOTR movie.

    My goodness! I played that scene backward on my DVD player. "My pretty" sounds like "twenty seven percent"!
  • Pitfall69Pitfall69 0 miles to Legoboy's houseMember Posts: 11,374
    ^Thats one big picture.
  • LegoManiaccLegoManiacc Member Posts: 116
    edited June 2014
    Pitfall69 said:

    ^Thats one big picture.

    This one is bigger and rightfully so. The big news on that packaging is...AMAZING!

  • LegoManiaccLegoManiacc Member Posts: 116
    In all seriousness though, might as well share the secret since my big buying days are coming to an end. On the 2nd slider titled "Discount" when you're browsing sets on [email protected], you just have to set the discount to what you want and then it will adjust the sets to the new prices once in your cart.

    Do keep this in mind though! It's an honor system, so pick 27% (or less) otherwise TLG might do away with the whole thing.

    image
    bluedragonSirKevbagscloaked7StormKittyPitfall69scrumperminicoopers11jasor
  • DadsAFOLDadsAFOL USAMember Posts: 615
    Battery getting low...
    MathBuilderSirKevbagscloaked7TheLoneTensorStormKittyRainstorm26Pitfall69RomanticWarriorjasor
  • BastaBasta Australia Member Posts: 1,259
    edited June 2014
    Lol, just as I read your post #DadsAFOL I looked at my battery status and amazingliy this is what it was http://flic.kr/p/nTefrs

    Hopefully it means I get 54% off Lego :p
  • BastaBasta Australia Member Posts: 1,259
    Double 27% Lego
    RomanticWarrior
  • cloaked7cloaked7 Member Posts: 1,448
    edited June 2014
    All of this 27% talk. You can't fool me, because...

    You can fool 27% of the people all of the time; you can fool all of the people 27% of the time, but you can never fool 27% of the people 27% of the time.
    DougoutRainstorm26dougtsbluedragon
  • Bosstone100Bosstone100 USAMember Posts: 1,393
    Funny. It's not even the same font.
  • Pitfall69Pitfall69 0 miles to Legoboy's houseMember Posts: 11,374
    edited June 2014

    image

    Just so you know, I have that Rainbow Dash...Hahahaha. I laughed my ass off when I saw that pic :) If you notice, it says EDAD at the lower right-hand corner. I assume it means that Exceptional Dads can enjoy the pony as well :)

    LegoManiacc
  • Pitfall69Pitfall69 0 miles to Legoboy's houseMember Posts: 11,374
    The 27% is all too funny, but I need to ask some "serious" questions now.

    What is everyones opinion about Harry Potter sets. I still have a few of the last wave sitting around and Diagon Alley. Have all HP sets reached their peak or are there certain sets that have room to grow? Also, is it worth holding on to some in hopes that the new movie will drum up interest?
  • MathBuilderMathBuilder Member Posts: 150
    Basta said:

    Lol, just as I read your post #DadsAFOL I looked at my battery status and amazingliy this is what it was http://flic.kr/p/nTefrs

    Hopefully it means I get 54% off Lego :p

    Sorry Basta, you only get a 46.71% off.
  • TheLoneTensorTheLoneTensor MericaMember Posts: 3,950
    Pitfall69 said:

    The 27% is all too funny, but I need to ask some "serious" questions now.

    What is everyones opinion about Harry Potter sets. I still have a few of the last wave sitting around and Diagon Alley. Have all HP sets reached their peak or are there certain sets that have room to grow? Also, is it worth holding on to some in hopes that the new movie will drum up interest?

    I think it's possible that the HP sets will go up further, but honestly, not many people can complain on the wonderful return if they dump them now. If I had any more, I would have unloaded them by now. Diagon is a relatively (and I use that term very judiciously) low performer, but it's certainly not a loser. I only wish I had bought a billion more of the trains.
  • Pitfall69Pitfall69 0 miles to Legoboy's houseMember Posts: 11,374
    There is obviously still interest in Harry Potter itself, but I'm not sure about the Lego sets. Universal Studios is opening Diagon Alley and a multitude of Harry Potter themed rides. They even built a Hogwarts Express.
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