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People pay what they pay and it only takes a couple of keen ebayers to get in a bidding war!
im teaching my 6 year old daughter all about business... She sold some older cmf figures from her own collection and bought the Lego frozen castle. We were amazed by how much some went for. And although she is only 6, she is now trying to work out the future market...
chicken guy - don't buy!!!!
shark suit guy - buy a spare when you've got some pocket money from grandma!
unicorn girl - sell!!!
im also teaching her that lego lovers hate resellers!
I actually quite like resellers, they let me get sets I missed (and I don't use them often but I have no problem paying them for the service they provide, unlike a lot of people). I don't like people that brag about how much they are selling the millions of sets they bought for - these people are arses but thankfully not too many of them around here.
I wish I could afford all the new sets for her (and me!) as well as keep old CMFs but things aren't that simple and actually, you can't always have your cake and eat it.
we all wish we kept (and a few did) our childhood Lego. It's not about the value... But the nostalgia.
As for resellers. I have no issue... Until I try to buy a discounted set and find the guy in front of me bought the last ten. I lined up outside smyths on their sale day only to see the guy in front of me (quite literally) buy three DC tumblers at their sale price of £130. I missed out to a reseller. But that's ok I missed it because I can buy it off him in the future for just a few % more than the rrp. I believe they now go for £220 upwards.
If you ever miss out on a normal retail set to a reseller, then it shows that you didn't really want the set that much as you waited until it went to clearance.
And yes, opened and used sets lose value compared to new and sealed ones.
I I find it quite annoying but at the same time it's a pretty good business move. I find it more annoying though
I didn't want it (as I don't collect this theme) so didn't then complete / pay for the order, but it was definitely there... The resellers must have got them all..
Not everybody has a permanently bottomless budget for sets.
Pedantically, that's true. However, must people regard a reseller as someone who buys to sell, as opposed to someone who simply sells something at a later date because they no longer want it, or want something else instead. The tax authorities take a similar view. Occasionally, I'll sell my car, but that doesn't make me a car dealer.
While an opened set may lose resale value, an unopened set has minimal if any play value. We can all make guesses at what the next "hot" set will be, but they are only guesses. Some people may be kicking themselves for opening #10179 back when it was new, others are quite happy having it built and on display.
There may be somebody with a couple hundred #7591s sealed and stored away, patiently waiting for the day they become the must-have set that sells for 2000% of MSRP. Won't we all feel silly if that day ever comes?
This whole time I've been thinking they were an imaginary set, the most unlikeable, unpopular, unresellable set ever... and they exist.
*lands on Lego*
Things are definitely different here in the US when it comes to reporting income. If one of the factors in determining whether you are a reseller is the "tax man", then you are definitely a reseller. It doesn't matter whether you sell 1 thing or 1,000; the US Government wants that tax money on that income. It obviously isn't that cut and dry, but that is the short of it.
There are gray areas, but it doesn't matter if you sell Lego to buy more Lego, buy Lego and sell it later because you don't want it; you are still a reseller.
I definitely like these discussions though and we have had them in this forum before, but this thread is definitely not the thread and I would love to stay on topic....for once :)
But the point is he was in front of you. He got there first and happened to want to buy 3. I don't understand why people feel like the person in front has to leave some. Would you have bought one if there had only been one left? What about the person behind you?
What you intend to do with it is irrelevant, you're entitled to buy as many as you want (or are available). Otherwise, there has to be a ranking of entitlement with people moving aside for anyone ranked higher. It probably looks something like:
Lowest of the low = resellers who buy multiples
Nearly as low = resellers who only buy one
Pretty damn low = adults who want minifigs and resell the rest
Pretty low = adults who like to keep it sealed
Low = adults who like to open but don't display for long
Average = adults who display for ages
High = little Johnny
(in other words - how ridiculous, just be in the queue quicker next time)
Mind you, it works ;)
If you bought ten Brick Banks intending to build a much bigger one, then you'd have to argue the toss with HMRC. If it was a one-off occurrence, you might win; if you made a habit of it, you'd probably lose.
In the UK, HMRC aren't interested in the mundane day-to-day sales of personal items - unless they're expensive. Even then, there's an annual allowance. Sell a Rembrandt or your family jewels and they'd be very interested, but not in most other things. If I wanted to sell off that sealed Green Grocer everybody wanted to argue about a while ago, that ought to be fine and there would be no tax. If I made a habit of selling sets, HMRC are likely to argue I was running a business and would want their cut. That's why intent is important.
So, on that basis, I'm a car dealer and what I believe you guys call a realtor? But not a reseller.
There isn't one - that's why people end up trying to justify what they've done. In the end, it comes down to what Hector ordains.
Hector? A cartoon character, now retired, designed to make tax inspectors look less like some hideous creature from the deep:
So if the store only has 2 tins of kidney beans on the shelf when I'm planning to cook a chilly for the family, then I'm supposed to leave one in the shop?? Ok, please explain the logic!
If this has to do with little Timmy, then let the little **** eat something without kidney beans in it!
Take a look at Bricklink prices for the 10129 UCS Snowspeeder for example (I just built it again so it's on my mind). Average 6 month price for a new one is $1778.02 while the used ones are $888.63. Those used prices also may not always include the instructions or box (instructions for the 10129 for example are $200 alone).
The ethical issue is the same, and I don't believe there are many people who could honestly say they would take only one.