Bat man Posted September 20, 2017 Share Posted September 20, 2017 The writing is on the wall, I decided to get out now while market prices are still (marginally) profitable. Feels good, and the free’d space in the house is a plus. From here forward all LEGO sets will be those we actually want to build. 8 2 1 Quote Link to comment Share on other sites More sharing options...
Popular Post Loghamel Posted September 21, 2017 Popular Post Share Posted September 21, 2017 (edited) 8 hours ago, Bat man said: The writing is on the wall, I decided to get out now while market prices are still (marginally) profitable. Feels good, and the free’d space in the house is a plus. From here forward all LEGO sets will be those we actually want to build. Awesome. If you could talk just 2 more people into doing the same and ask each of them to talk 2 people into doing the same, etc., that'd be great. Edited September 21, 2017 by Loghamel 17 4 Quote Link to comment Share on other sites More sharing options...
Bat man Posted September 21, 2017 Author Share Posted September 21, 2017 6 minutes ago, Loghamel said: Awesome. If you could talk just 2 more people into doing the same and ask each of them to talk 2 people into doing the same, etc., that'd be great. Why would you want to flood the market? Do you like losing money? Quote Link to comment Share on other sites More sharing options...
Bold-Arrow Posted September 21, 2017 Share Posted September 21, 2017 care to elaborate why you made such a decision ? i would like to get your perception on the status of the market . if not, i understand. Quote Link to comment Share on other sites More sharing options...
micbelt Posted September 21, 2017 Share Posted September 21, 2017 Why would you want to flood the market? Do you like losing money?He is saying to convince others to stop selling as well = less competition. Quote Link to comment Share on other sites More sharing options...
jgschmieg3 Posted September 21, 2017 Share Posted September 21, 2017 10 hours ago, Bat man said: The writing is on the wall, I decided to get out now while market prices are still (marginally) profitable. Feels good, and the free’d space in the house is a plus. From here forward all LEGO sets will be those we actually want to build. Count me out as well. My profit margin has been seriously reduced by the Lego remakes and fakes. I did have my fun over the past few years buying/flipping 30-40 10179's, Carousels and Taj Majals for serious profit especially to international buyers. I have been selling off my 500 plus sets for a year now. Down to about 300. I'm a lifelong Lego fan and will remain a collector. 4 Quote Link to comment Share on other sites More sharing options...
Migration Posted September 21, 2017 Share Posted September 21, 2017 Who will be next to crack? 5 Quote Link to comment Share on other sites More sharing options...
zskid00 Posted September 21, 2017 Share Posted September 21, 2017 Who will be next to crack?Emazers will outlast us all! 1 Quote Link to comment Share on other sites More sharing options...
Bold-Arrow Posted September 21, 2017 Share Posted September 21, 2017 31 minutes ago, Migration said: Who will be next to crack? this guy 5 1 Quote Link to comment Share on other sites More sharing options...
Phil B Posted September 21, 2017 Share Posted September 21, 2017 11 minutes ago, Bold-Arrow said: this guy Never knew Little Bo Beep went commando .... 2 1 1 Quote Link to comment Share on other sites More sharing options...
mezzaluna Posted September 21, 2017 Share Posted September 21, 2017 Another one bites the dust Quote Link to comment Share on other sites More sharing options...
Lordoflego Posted September 21, 2017 Share Posted September 21, 2017 I sold 600 sets to one buyer in last month and a half. I have another 100-150 sets to go. After that I will have maybe 50 sets left. It feels great, but I'm not out. As a "non-Amazonian" I will just rethink my whole investing strategy. Hopefully pick up more buyers like that one (Amazon seller) and continue with wholesale operation. 4 Quote Link to comment Share on other sites More sharing options...
mezzaluna Posted September 21, 2017 Share Posted September 21, 2017 LEGO is really killing its self lately Quote Link to comment Share on other sites More sharing options...
Darth_Raichu Posted September 21, 2017 Share Posted September 21, 2017 2 minutes ago, Knightwing01 said: LEGO is really killing its self lately It took a couple of years, but LEGO finally found effective ways to squeeze resellers out of the market Quote Link to comment Share on other sites More sharing options...
mezzaluna Posted September 21, 2017 Share Posted September 21, 2017 It took a couple of years, but LEGO finally found effective ways to squeeze resellers out of the market Ikr it was fun while it lasted Quote Link to comment Share on other sites More sharing options...
carini26 Posted September 21, 2017 Share Posted September 21, 2017 1 hour ago, Migration said: Who will be next to crack? 5 1 Quote Link to comment Share on other sites More sharing options...
KShine Posted September 21, 2017 Share Posted September 21, 2017 But I don't want to wear pants ☹️ 2 1 Quote Link to comment Share on other sites More sharing options...
emazers Posted September 21, 2017 Share Posted September 21, 2017 59 minutes ago, zskid00 said: Emazers will outlast us all! I told you guys a few years ago about how people Crack investing in Lego, and there are alot of guys from 3 years ago that are not on this site no more, there always be people who crack. "As For Emazers well he will start to crack in about 5 years, I said I would stop buying when I was 70, so thats a year and a half. I figure it will take me a good 5-8 years to sell all my stuff. so I will take my half million dollars that I made, if I am still living I guess I will still be doing what I do now, except no selling. 8 Quote Link to comment Share on other sites More sharing options...
ISO8T0 Posted September 21, 2017 Share Posted September 21, 2017 Hopefully we'll see an "Emazers Vault" video on YouTube like the lego vault. 3 Quote Link to comment Share on other sites More sharing options...
Loghamel Posted September 21, 2017 Share Posted September 21, 2017 25 minutes ago, emazers said: I told you guys a few years ago about how people Crack investing in Lego, and there are alot of guys from 3 years ago that are not on this site no more, there always be people who crack. "As For Emazers well he will start to crack in about 5 years, I said I would stop buying when I was 70, so thats a year and a half. I figure it will take me a good 5-8 years to sell all my stuff. so I will take my half million dollars that I made, if I am still living I guess I will still be doing what I do now, except no selling. Do you have any children or significant other? Because if you don't and you need a beneficiary.... 1 1 Quote Link to comment Share on other sites More sharing options...
Phil B Posted September 21, 2017 Share Posted September 21, 2017 Do you have any children or significant other? Because if you don't and you need a beneficiary....That will be one epic estate sale ..... 1 Quote Link to comment Share on other sites More sharing options...
Bat man Posted September 21, 2017 Author Share Posted September 21, 2017 2 hours ago, Bold-Arrow said: care to elaborate why you made such a decision ? i would like to get your perception on the status of the market . if not, i understand. I’m not sure about what is driving the market down, maybe it’s kids shifting their interest away from LEGO, maybe it’s knock offs, maybe it’s TLG rereleases, maybe it’s spending patterns of households? I do know TLG will implement policies to defend THEIR profits, and these policies aren’t necessarily good for investors. For example, look at the trend of once profitable sets, such as the tumbler, 76023. I routinely sold this set for $310-320 on eBay. The average price now by my metric is $270-280. $280 * 13% fees = $243 revenue If you want to be competitive you have to offer free or discounted shipping, on a set such as 76023, you’re looking at $20-30 just for shipping. Which brings your revenue down to $213-223 Set initially cost $199 * .06 sales tax = $211. (even though I didn’t pay full price for every set, I manage FIFO) Bringing net profit to $2-12, and that’s without counting any opportunity costs associated with the time to sell, package and ship. Quote Link to comment Share on other sites More sharing options...
mezzaluna Posted September 21, 2017 Share Posted September 21, 2017 Thats my kinda estate sale Quote Link to comment Share on other sites More sharing options...
Phil B Posted September 21, 2017 Share Posted September 21, 2017 I’m not sure about what is driving the market down, maybe it’s kids shifting their interest away from LEGO, maybe it’s knock offs, maybe it’s TLG rereleases, maybe it’s spending patterns of households? I do know TLG will implement policies to defend THEIR profits, and these policies aren’t necessarily good for investors. For example, look at the trend of once profitable sets, such as the tumbler, 76023. I routinely sold this set for $310-320 on eBay. The average price now by my metric is $270-280. $280 * 13% fees = $243 revenue If you want to be competitive you have to offer free or discounted shipping, on a set such as 76023, you’re looking at $20-30 just for shipping. Which brings your revenue down to $213-223 Set initially cost $199 * .06 sales tax = $211. (even though I didn’t pay full price for every set, I manage FIFO) Bringing net profit to $2-12, and that’s without counting any opportunity costs associated with the time to sell, package and ship. Only goes to show that the market has shifted from selling big exclusives bought at minimal discount to selling small-to-medium sized sets bought at at least 50% off. I'm still averaging over 100% ROI, and I am very small potatoes. 4 1 Quote Link to comment Share on other sites More sharing options...
ravenb99 Posted September 21, 2017 Share Posted September 21, 2017 3 minutes ago, Phil B said: That will be one epic estate sale ..... It's already started and the prices even seem on the side of one who has potentially cracked... 2 Quote Link to comment Share on other sites More sharing options...
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