Frequently Asked Questions
LEGO investing is not as simple as most people would think. Building a site like Brickpicker isn't either. Newcomers to the site can often find themselves get lost here. Over time we noticed we were fielding many of the same support questions over and over. Below is a list of answers to many of those questions that we would receive.
The mission of BrickPicker.com is to educate the LEGO enthusiast and collector of the most up to date and current prices of new and used LEGO sets. Gathering sales information from multiple marketplaces, we put the figures into an easy to understand display of charts and graphs. This helps the BrickPicker member can make intelligent and cost effective choices when making their next Lego purchase.
Yes, we have based a lot of our features on the principles of finance and stocks. Many of the financial terms, tools and charts we utilize are used to measure a stock's performance. A stock is an investment. For all intents and purposes on this site, a LEGO set is an investment. There are thousands of different stocks just like there are thousands of different LEGO sets. There are multiple classes or themes of stocks and LEGO sets that can be divvied up and compared to one another. People have stock "portfolios," BrickPicker has "Brickfolios." We think it translates well and hope you will too.
No...Quite the contrary. BrickPicker.com actually informs the LEGO investor and collector of the current prices and trends in the LEGO secondary market so they DO NOT OVERSPEND for LEGO sets. A main feature of our site is our Amazon/Walmart/Target Discount page that shows current deals for LEGO sets. We constantly promote specials from the various retailers in our Discussion Forums and members share deals they find with one another on a daily basis. BrickPicker.com is about saving and making money, not losing it.
Data is analyzed from multiple marketplaces.
Generally, the data is updated once a month, usually by the end of the first week of the new month.
Well, like the questions states, they are new sets. We need to wait until data is available on these sets. Usually you should let any new set get a few months data before trying to understand what direction it's going in. Many new sets spike in the beginning due to people getting them early and trying to profit on the exclusivity. As the masses start to get the sets and sell them, the prices will regulate.
We are based in the United States and it makes it easier for us to give the most accurate prices and information from data we are familiar with. There is a currency converter on each Price/Set Guide page as well as the Brickfolio application.
No. This is a topic that brings much debate. Our thoughts on this topic was to remove the volatile shipping costs from the calculation. A LEGO set sold to a person 10 miles from the seller would have a different shipping cost than the same set sold to a person 10,000 miles away. Most major retailers do not include shipping costs when describing a LEGO set for sale. It is a special or deal at times to get "free" shipping, but not a given. Shipping fees are highly variable and makes the data less accurate in many cases, so we left it out..
The prices are calculated by averaging the last 30 sold auctions, or in other words, a rolling average. This is done to give a more weight to recent sales so that current sales trends can be shown. Outliers are removed from the averages. The sold auctions are also filtered to remove bad or inaccurate listings. All in all, the data is quite accurate, but members need to realize that our data should be used as a "guide" only, and there is a wide range of set conditions and prices within the "new" and "used" categories.
We divide our Price/Set Guide up into new and used values because that is how the large majority of users relate to price guides. An educated and experienced LEGO investor/collector can use the basic new and used prices to figure out how much to value sets in different conditions.
For all intents and purposes, a "new" LEGO set is any set that the LEGO bricks are still sealed in the clear plastic LEGO baggies....and the set is complete, never been built, the instructions are in new condition and the box is in good condition (some shelf wear is acceptable). The seals on the box can be broken and still be considered new (NIB-New In Box). If the set has the outer seals intact and is in excellent condition, it can be called MISB (Mint In Sealed Box). ALL OTHER SETS ARE CONSIDERED USED!
There are many "support" icons on the Price/Set Guide page or click on the "Contact Us" at the bottom of the page. Either Jeff or Ed Mack will try and correct the problem and/or answer the question. We try to give the LEGO investor and collector accurate data and information, but mistakes and errors do happen. There are over 9000 LEGO sets in our database and about 500 new LEGO sets released each year, so there might a few that have incorrect photos or sales data. We appreciate members input in helping us correct these mistakes. Please feel free to contact us.
The quick answer...no. We warn you when you register that this will be your public profile name.
We have no problem closing an account if you no longer want to be part of the community. Any posts that are already in the forum will remain in the forum. Brickfolios and (future brick classified listings) will be cleared. You can send an email to email@example.com.
Think of a Brickfolio as your personal financial portfolio, but for your LEGO collection. It will keep a record of all your sets so that you can summarize the value of your collection. Some will like this just to track how much they have spent acquiring sets throughout the years. Others that have huge collections may want a record for insurance purposes. This is the second version of the Brickfolio and a new version is in the works, adding many new and improved features.
YES! Currently you can import your information from Brickset.com and Rebrickable.com. You will be asked to enter your login information and it will synch with their databases to pull in your LEGO collection. We are working on more ways to import the data and looking to import files from the other large community sites as well.
Simple answer...Bulk LEGO data page.
You will see that there are two options when going to add an item to your Brickfolio. One button allows you to start adding any regular LEGO set, another button allows you to enter a custom set.
The compound annual growth rate, also known as CAGR, is a formula that is applied to an investment (in our case, a LEGO set) to help determine the investment's annual smoothed return. The final percentage that you get upon calculating the compound annual growth rate is a smoothed rate of return that shows the positive or negative growth of your investment over a specified period of time.
The CAGR can be used by LEGO investors and collectors to understand what an investment has historically yielded on a yearly basis. Obviously, this formula can’t predict what the future yields of a particular investment (LEGO set) will be, but it can be used as a barometer to gauge the investment's future viability within the market. This number can also be used to calculate an investment's average growth rate over several years. Read more about CAGR here...
Minifig data is in the price guide for the Collectable Minifig Series, we are constantly working on ways to get more info available.
Here are a list of common LEGO-related terms and acronyms you might find used on this and other LEGO sites:
- AFOL: Adult Fan of Lego
- ALE: Adult Lego Enthusiast - an easier to pronounce alternative to AFOL
- BI: Building Instructions
- BL: Bricklink(Largest online LEGO store for new/used parts and sets)
- Brickset: Top notch LEGO website with LEGO set data, reviews and new information
- Brickipedia: Another awesome LEGO resource site.
- BOGO: Buy One Get One - usually a percentage discount on the second item purchased
- BOGO: Buy One Get One Free - purchase two items for the price of one
- CAD: Computer Aided Design
- CUUSOO: A Japanese partner of the LEGO Group. They work with the LEGO Group to produce community supported sets. If an idea submitted to the website gains 10,000 (originally 1000) supporters, it stands a chance of being produced as an official LEGO product.
- EU: Euro or European Union
- EOL: End of Line. Basically, when a set is retired from Primary Market.
- FA: For Auction.
- FAQ: Frequently Asked Questions.
- FS: For Sale.
- FS/T, FSOT: For Sale or Trade.
- FT: For Trade.
- Greebles: Pseudo-technical detail added to a LEGO creation to enhance its appearance, frequently seen in LEGO space and mecha creations.
- HP: Harry Potter theme
- IMO: In My Opinion (A favorite of mine…LOL)
- KFOL: Kid Fan of Lego.
- LDraw: the LDraw organization(A freeware program which can create Lego models in 3D)
- L-Gauge: the scale of LEGO trains
- LOL: Laughing Out Loud.
- LOTR: Lord of the Rings theme
- LS@H: see LSAH
- LSAH: Lego Shop at Home - a direct order branch of Lego. Also known as LS@H, S@H, SAH.
- LUG: Lego User Group - usually combined with an area abbreviaton.
- LUGNET: Lego User Group NETwork.
- MF: Minifigure/mini figure/mini fig
- Midi Scale: Refers to sets that are between miniature and minifig scale. They do not include minifigures, but are much more detailed than mini sets. So far only Star Wars sets have midi versions.
- Minifig Scale: A LEGO creation built for the scale of standard LEGO minifigures.
- MIB: Mint In Box.
- MISB: Mint In Sealed Box.
- MISP: Mint In Sealed Polybag.
- MOC: My Own Creation. Refers to original creations by fans. Also the name of a Lego theme.
- NLF: Non-Lego Friend
- NLP: Non-Lego Parent.
- NLS: Non-Lego Spouse.
- NLSO: Non-Lego Significant Other.
- OBO: Or Best Offer.
- Primary Market: Stores (online also) such as LEGO.com (Shop @), Target, Toys R’ Us, Wal Mart that are the first sellers of the MISB LEGO sets. ‘Brand new’ sets sold here.
- POTC: Pirates of the Caribbean
- Peeron: a Lego inventory website, named after a pet cat: Peeron.com.
- Retired: Discontinued LEGO set.
- S@H: see LSAH.
- SAH: see LSAH.
- Secondary Market: Sites, auction sites and stores like eBay and Bricklink that sell new and used LEGO sets, parts and mini figures, with the emphasis on ‘used.’ Only place to find retired LEGO sets.
- SW: Star Wars
- TLC: The Lego Company - Known by this name since autumn 1999, formerly TLG.
- TLG: The Lego Group - Nowadays TLC, The Lego Company.
- TRU: Toys ‘R’ Us.
- UCS: Ultimate Collector’s Series - geared towards experienced builders and collectors.
We here at BrickPicker love new content and information from members. Present an idea or article to Jeff or Ed Mack through the "Contact Us" or Private Message system and they can direct you about the process. We enjoy all types of LEGO and investing information and appreciate members sharing their knowledge. This can also be said about our Discussion Forum. Any and all quality content and comments are welcome. There are no stupid questions.
Affiliate Marketing. Brickpicker.com is registered as an eBay, Amazon.com, LEGO Shop @ Home, Target, Walmart, Barnes and Noble and Chowren Toy saffiliate and gets paid a small commission on each LEGO sale initiated from the BrickPicker site. It costs the BrickPicker members nothing and keeps the site FREE to all users.
The term EOL (End Of Line) and retired are one in the same. This information is not currently on our site. This information is not released to the general public by LEGO and for good reason...they don't want you to figure out when a set will retire. They like to promote speculation to a degree in order to increase sales. It is a very wise business plan and makes LEGO investing a little more fun and intriguing. Other sites have some data on this, but their information is sketchy at best. There is no definitive retirement date/EOL date. Many LEGO sets go in and out of stock, numerous times in fact. It is a difficult process to track and to call accurately. We will be working on a possible solution for this in the near future.
To obtain a BrickPicker Badge to use on this and other forums, you must be a registered member with an active Brickfolio. Go to the Promote BrickPicker page and activate it. You can also get the code to use on other sites.
Yes, the site is FREE to all members. We pay for the site with a system of "Affiliate Programs"" that are offered from eBay, LEGO Shop @ Home, Amazon, Target, Walmart among others. This costs the BrickPicker member NOTHING. By simply clicking on LEGO set retail and store links and listing on our site and eventually buying a set from that retailer, we receive a small commission that goes to the running of the site. We pay for server, advertising and professional web services. It will also help us maintain and improve the site in the future at no cost to the BrickPicker member. So do us and yourself a favor and click on our links when buying a LEGO set, it will keep this site FREE and improving.
First off, read our Disclaimer. The information, recommendations and data on the site all should be used as a "guide." While it is our hope that every BrickPicker member will utilize our site and make millions of dollars doing so, speaking from experience, LEGO investing is a grind and it takes time and patience to make a profit. As with stock investing, there are no guarantees in LEGO investing. But with educated buying and selling decisions and a little luck, a profit can be made. Good luck with your choices...