Ed Mack Posted June 24, 2016 Share Posted June 24, 2016 As an American, all of the recent discussions of the Brexit vote have really been intriguing. With the votes being tabulated as I write this, what do non-US LEGO investors/resellers think of the situation and its effects on the various LEGO secondary markets? PS: I usually don't want to get too involved in politics, but this has definite effects on all of us. Please be respectful of others and their opinions. Thanks... 1 Quote Link to comment Share on other sites More sharing options...
AirborneAFOL Posted June 24, 2016 Share Posted June 24, 2016 Incidentally, I did my International Relations masters thesis on the "inevitability of the EU's disintegration amidst increasingly proactive legislation of traditionally domestic policy matters". My short version would be this won't have much impact on the broader LEGO market. Likely increases is tariffs shipping into and out of England would cut both ways - sellers there would find less competition from "international shippers", but become less competitive for "international sales" themselves. A Brit would have to speak to whether they they consider themselves a net-exporter (hence Brexit bad for English sellers, good for the rest of EU), or vice versa... Quote Link to comment Share on other sites More sharing options...
yang Posted June 24, 2016 Share Posted June 24, 2016 Just noticed that both Amazon.co.uk and Amazon.de won't ship Lego to USA now. Have to admit, amazon reacts fast. Quote Link to comment Share on other sites More sharing options...
Ciglione Posted June 24, 2016 Share Posted June 24, 2016 Very nice topic and this can become a very interesting discussion. I hope the leave camp will win. Then me and my family might apply for asylum in the UK. 1 Quote Link to comment Share on other sites More sharing options...
botchy123 Posted June 24, 2016 Share Posted June 24, 2016 6 minutes ago, Ciglione said: Then me and my family might apply for asylum in the UK. No need to apply for assylum. Anyone is welcome as long as they work, if not you will be kicked out 1 Quote Link to comment Share on other sites More sharing options...
jbacunn Posted June 24, 2016 Share Posted June 24, 2016 Not informed enough on the topic to offer an opinion but it sure is interesting regardless of the outcome. Quote Link to comment Share on other sites More sharing options...
jerryherb Posted June 24, 2016 Share Posted June 24, 2016 (edited) i say good deals on amazon.co.uk once the "sorry" is lifted from the site when the pounding stops... i say 30-40% off US prices? arcos for $129 + shipping? sweet deal! and yes i mean $ not GBSP Edited June 24, 2016 by jerryherb Quote Link to comment Share on other sites More sharing options...
botchy123 Posted June 24, 2016 Share Posted June 24, 2016 (edited) Live update for you Leave is in Blue on the bottom Edited June 24, 2016 by botchy123 x Quote Link to comment Share on other sites More sharing options...
Darth_Raichu Posted June 24, 2016 Share Posted June 24, 2016 After spending a few minutes reading news & analysis about this topic: 1. The word Brexit sounds like a brand of laxative 2. If UK is out of EU, things are going to be worse before getting better 3. Boris Johnson kind of looks like Donald Trump 1 Quote Link to comment Share on other sites More sharing options...
jerryherb Posted June 24, 2016 Share Posted June 24, 2016 (edited) 6 minutes ago, Darth_Raichu said: After spending a few minutes reading news & analysis about this topic: 1. The word Brexit sounds like a brand of laxative 2. If UK is out of EU, things are going to be worse before getting better 3. Boris Johnson kind of looks like Donald Trump i choose worse, i got some interest in the pound/euro takin a big stanky ****, more than i can swing with my lego stash during the high season Edited June 24, 2016 by jerryherb Quote Link to comment Share on other sites More sharing options...
BarryZola Posted June 24, 2016 Share Posted June 24, 2016 This is a massive deal for us in the UK. Don't underestimate how crazy our economy could go in the short and long term. You will be wise to look at the exchange rates in the next few weeks I'm so glad that we've left the EU. We are out! This is big 4 Quote Link to comment Share on other sites More sharing options...
Darth_Raichu Posted June 24, 2016 Share Posted June 24, 2016 1 minute ago, jerryherb said: i choose worse, i got some interest in the pound/euro takin a big stanky Notice I never quantified how much worse or how long it would take to get "better" Quote Link to comment Share on other sites More sharing options...
jerryherb Posted June 24, 2016 Share Posted June 24, 2016 (edited) 14 minutes ago, Darth_Raichu said: Notice I never quantified how much worse or how long it would take to get "better" worse means opportunity, some lose, others dont... welcome to the global recession! 3,2,1... Edited June 24, 2016 by jerryherb Quote Link to comment Share on other sites More sharing options...
Brian Briggs Posted June 24, 2016 Share Posted June 24, 2016 I regularly make purchases that are shipped from the UK (Mr Porter, Amazon etc.). So I might have to pay customs or do my shopping elsewhere in the future. With regards to LEGO investing I doubt this will have any impact on me. 1 Quote Link to comment Share on other sites More sharing options...
Val-E Posted June 24, 2016 Share Posted June 24, 2016 I predict a run on Amazon Uk stock today - now or never but remember to check your credit card´s exchange rate for the day before buying as it probably won´t be up-to-date Quote Link to comment Share on other sites More sharing options...
Frank Brickowski Posted June 24, 2016 Share Posted June 24, 2016 (edited) 5 hours ago, Ed Mack said: As an American, all of the recent discussions of the Brexit vote have really been intriguing. With the votes being tabulated as I write this, what do non-US LEGO investors/resellers think of the situation and its effects on the various LEGO secondary markets? PS: I usually don't want to get too involved in politics, but this has definite effects on all of us. Please be respectful of others and their opinions. Thanks... I'd say: A Brexit is bad for UK resellers and good for everybody else because now the UK relsellers' offers will be far less attractive to anyone outside the UK. Apart from that I think nothing will change really. Edited June 24, 2016 by Frank Brickowski Quote Link to comment Share on other sites More sharing options...
Val-E Posted June 24, 2016 Share Posted June 24, 2016 14 minutes ago, Frank Brickowski said: I'd say: A Brexit is bad for UK resellers and good for everybody else because now the UK relsellers' offers will be far less attractive to anyone outside the UK. Apart from that I think nothing will change really. It depends on the performance of the pound. If it weakens further then that´s great for UK sellers and we will be flooded with Tumblers for less than RRP. If it strengthens, they will have a harder time selling but will buy more from abroad. The customs tariffs factor with EU countries may take years to negotiate. 3 Quote Link to comment Share on other sites More sharing options...
c_rpg Posted June 24, 2016 Share Posted June 24, 2016 I think there could be a massive impact for UK bricklink and ebay sellers. It depends on what the new trade agreements will say about taxes, but right now a buyer from Europe does not pay any taxes when buying from the UK. If you buy something from the US or Hong Kong, the item passes through customs and you pay local tax plus an additional fee. If Britain leaves the EU, we will have to pay the same taxes as any other non-eu country. This probably won't change overnight, but in a few years we can expect something like this. Non-Lego rant: I really can't blame people for voting leave after what is going on with Turkey. It doesn't even matter if you are pro- or anti-immigration. Of course there's a lot of other things going on, but this agreement with Erdogan leaves a bad taste in my mouth. Quote Link to comment Share on other sites More sharing options...
Will 4 Posted June 24, 2016 Share Posted June 24, 2016 (edited) Independence day yeeeees. Anyway the pounds collapse is good for selling which is good considering how much my shares were screwed (still cheap buying) looks like the article is true that Lego is a better investment than shares. Also apparently they will 'not activate the article 50 clause until a new leader is in place which is expected in October Edited June 24, 2016 by Will 4 Quote Link to comment Share on other sites More sharing options...
HandyHand Posted June 24, 2016 Share Posted June 24, 2016 In the long run travelling from the EU to England will be similar to travelling to Switzerland or Norway. And I'm sure in the long run things will stabilise when the UK makes separate (trade) agreements with EU countries just like Switzerland and Norway have done. But in the short run the uncertainty how all will work out and how the dust will settle is making the stock and financial markets turbulent and in negative sentiments. While the GBP is down because of that uncertainty, but before the leave has been made official, it will be good trading for us. LEGO sets in GBP prices will be cheaper for us EU citizens, while selling sets to EU customers will be good business for the Brits. 1 Quote Link to comment Share on other sites More sharing options...
botchy123 Posted June 24, 2016 Share Posted June 24, 2016 3 minutes ago, Haay said: In the long run travelling from the EU to England will be similar to travelling to Switzerland or Norway. And I'm sure in the long run things will stabilise when the UK makes separate (trade) agreements with EU countries just like Switzerland and Norway have done. But in the short run the uncertainty how all will work out and how the dust will settle is making the stock and financial markets turbulent and in negative sentiments. While the GBP is down because of that uncertainty, but before the leave has been made official, it will be good trading for us. LEGO sets in GBP prices will be cheaper for us EU citizens, while selling sets to EU customers will be good business for the Brits. Yep, it's turned full circle Quote Link to comment Share on other sites More sharing options...
Val-E Posted June 24, 2016 Share Posted June 24, 2016 There is a real possibility that other member states will follow the same path - who wants to be bankrolling Spain, Italy, Portugal, Greece, Cyprus and Ireland with very little in return? There could be a new union solely based on free trade but with less emphasis on cohesion in terms of common policies, taxation and economic policy. The UK is certainly going to have to spend more on defence and border controls now. 1 Quote Link to comment Share on other sites More sharing options...
BarryZola Posted June 24, 2016 Share Posted June 24, 2016 6 minutes ago, Val-E said: There is a real possibility that other member states will follow the same path - who wants to be bankrolling Spain, Italy, Portugal, Greece, Cyprus and Ireland with very little in return? There could be a new union solely based on free trade but with less emphasis on cohesion in terms of common policies, taxation and economic policy. The UK is certainly going to have to spend more on defence and border controls now. We'll still be part of NATO though so that always helps. I would envisage extra money spent on border controls though, as you've suggested. Maybe even our own army could actually do some work to defend our own country. A novel idea, I know But yeah, buy from the UK whilst the Pound is low in the next few days, if it works for you with the right product. Quote Link to comment Share on other sites More sharing options...
Sprocket77 Posted June 24, 2016 Share Posted June 24, 2016 You leave guys won't be smiling when Boris Johnson is your new Prime Minister, law of unintended consequences. Scary thought of the day, by the end of this year, Donald Trump, Boris Johnson and Vladimir Putin could all be world leaders. 7 Quote Link to comment Share on other sites More sharing options...
Val-E Posted June 24, 2016 Share Posted June 24, 2016 And when Scotland declares independence unilaterally! Now I know why we didn´t qualify for Euro 2016 - it was all part of the masterplan. Quote Link to comment Share on other sites More sharing options...
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