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There must be a method to the madness at Lego. But I just don't get it. I've seen sellers trying to sell the original on CL for $475 for months now and they aren't moving. How is Lego expecting to sell a slightly modified rehash for more and turn a profit? I had no interest in pulling the trigger at $400 and much less at $500. I know AFOLS aren't the only market here, but I can't imagine parents paying $500 to get this for a child either.
Forget about any disappointment on my part, because I really didn't have much about this set. I'm just struggling to understand the reasoning behind it. How does this work for Lego? Are they just tip toeing the line to find that perfect level of laziness in creativity they can hit and how high a price point they can set before profit starts to suffer?
But since the release of those two sets, lots has changed and the most expensive sets since GBHQ, Porsche, Disney Castle & Helicarrier are all $500. So I just can't see how the can ask for more than $699.99.
So I'm going with no price increase in Australia and a very small chance of a reduction (probably unlikely).
:)
Its interesting that 2709 people on the Brickset listing for the new Death star say they want it. I presume most people clicked the button before seeing images. It will be interesting how that number changes now that the images have been released!
Lucky for them it's been re-released then. :-)
Maybe your last sentence should read "But spending £400 on a REHASHED Lego set is completely nuts."
For example, would you pay £250,000 for a car? Probably not. There are, however, many people out there who do so, otherwise supercar companies wouldn't exist.
Another example. Do you buy Heinz tomato ketchup, or the supermarket own brand? If the latter, why? Probably because you feel it's better value.
As I've gone through life, moved jobs and got paid more (mostly), I've realised that the more you get paid, the less you notice the smaller amounts. So when you're in your early 20s, renting your first place, wondering how you're going to make £20 last until the end of the week (I've been there), it's very likely that you'll count every penny, buy the supermarket own-brand ketchup, not buy big-ticket items, and manage with what you've got.
When you start to earn a bit more, and you have a bit of money left over at the end of each month, you don't have as much financial pressures, and so you may slightly change your buying habits.
Moving further up, getting a bit better job, becoming better paid, your buying habits will change again. Because you have more income and (probably) more disposable income, the big-ticket items become more affordable, they cost of them makes up a smaller percentage of your wage, and heck, you may even switch to Heinz-branded ketchup (other brands are available), as it's nicer.
The further up you go, the better the job you have, and the better the wage you earn, the less you'll care about spending the extra pennies on stuff which is that bit better. You may still buy supermarket own-brand stuff, but it's less likely.
The point is that the value of an item such as the Death Star set very much depends on where you are on the pay-scale, and probably where you are in life. Those struggling along at college or uni, still in a flat while they start out on the career ladder, will look at it as something unobtainable. Those further on in life, with their own house and car may look at it as a luxury, but not unobtainable if they really want it. Those even further on in life, with a really well-paying job, who change their car every year or two and go on foreign holidays every year, may not think twice about spending £400 on it.
I don't think Lego are aiming this at college kids or people starting out in life. They'll be aiming it at the generation who grew up in the 70s and 80s, who are now in their mid 30s and 40s, with the money to spend on something like this. Some of them won't even care how much it costs.
Look at it another way. I dated a lady about 4 years ago, who was a partner in a management consultancy company. She was very well paid. While we were dating, she went to Dubai with the other partners to watch a Rugby championship. She phoned me while she was there and said that they'd been drinking in the hotel bar for a few hours, and between the four of them had spent a lot.
How much is a lot?
They'd spent over £30,000 on drink. For four of them. In four hours.
But although she knew they'd overdone it, it wasn't much of an issue to her. A bit like if you went down the pub, intending to only spend about £20, and actually spent £80. You'd probably wish afterwards that you hadn't, but it'd not be the end of the world.
That's what I mean by relative value. To her, £20 was small change. To others, it's what they have to get through the week until payday.
How people perceive the value of the Death Star will be entirely dependent on how much disposable income they have. Some will say it's completely unaffordable and a total rip-off. Others won't be at all bothered about the price. Both will be right, because both will be comparing it to their personal circumstances.
Sorry this post has turned out to be quite long, but that's my thoughts on the 'value' discussion.
TL;DR: Don't be so bloody lazy. Go back and read the whole thing!
It certainly opens your eyes...
Furthermore, it depends on personal opinions. If I was offered a set at 10% of RRP, I wouldn't necessarily bite. The "don't know" only comes from not having examined an inventory, but the default situation is that I wouldn't pay anything for a set that has doesn't have much interest.
I'm concerned now, that you have photos like that easily to hand, as it were...
Since the overall size of the new set in terms of its floor plan has not increased, I don't expect it to weigh too much more than the previous incarnation. However, I would expect at least some increase.
How is this even possible? That's over £30 per person per minute.
They'll have £10K bottles of wine and probably £25K port. For people that do, as they can.
There are plenty of millionaires and billionaires who wouldn't dream of spending £30,000, or anything like it, on a drinking session, and the value of things doesn't decrease as their wealth increases.
I think Assault on Hoth is the bigger misfire.
As to the DS not selling well post EOL, how many people were not buying it because they heard a new one was coming out (which was a poorly kept secret that popped up almost after the other EOL'd)?
As for the price point. I'm sure many scratched their heads about parents paying 400 USD for the original too, but obviously it occurred.
IMO Assault on Hoth was a set that had a lot of promise and failed in execution, I doubt the same could be said about the new DS. Did the DS let some down? I'm sure for various reasons. But the Idea of this play set sold well enough for the past 8 years, so why wouldn't it sell like this for the next 8? I just do not see that for what amounts to a collection of small sets (already done in smaller sets for sale in the past) working for Assault on Hoth.
LEGO was selling this old DS well (a set does not get produced for 8 years because it sucks); but like every other company out there, they want to make their margin on it, especially when the cost of plastic goes up and the price does not change for years, the figures were old (with a lot of people on this very site lamenting this point), and Disney likely asking for a bit more for licensing. In hindsight, I am not surprised LEGO just redid the DS set updated bits and sold it for more.
As for the 499 USD price? It is a lot to some now, but seeing how inflation and other factors increase the price of LEGO sets, it may be a bargain at that price in 4 years.
And if folks do not buy all of those arguments, Assault on Hoth came out before the new DS, so LEGO 'jumped the shark' with Assault on Hoth. :-)
If they couldn't or wouldn't buy it at $400 at any point in time over an 8 year period, they aren't likely to suddenly change their mind when the new one comes out at $500. Promotions aren't going to change that.
Feel free to educate me though. Preferably in a constructive manner :)
current prices appear to be about a little about 1.21 euros per kg. so a LEGO set like the Death Star contains about 8.5 euros ($9.50) worth of raw ABS pellets. Of course LEGO probably buys ABS much cheaper than list price.
But the plastic in LEGO sets has never been more than a negligible portion of the overall cost/price. Anyone claiming increased raw plastic/oil prices are the reason LEGO set prices keep going up so much is either uninformed or lying.