Market Value (New) question

[jrbrdmn]

I'm new here, so please excuse me if the answer is elsewhere in the forums.

 

I'm a little confused as to how the Market Value (New) is determined. I was in Target and saw the LSW Planet Series 3 Republic Assault Ship & Coruscant on clearance. I pulled out my phone and entered the part number (75007) on this site and saw that the MV(******) is $19.10. So I said to myself, "Self, this looks like a good deal" and picked up several.

 

After getting home, I investigated a little further and saw that the item was readily available online through multiple major retailers for ~ $9.99. Therein lies my confusion: How can a set have a MV(******) higher (in this case much higher) than for what it can be found for online?

 

TIA

[hollingsworthless]

The Market Value new is based on what the set in question has recently been selling for on eBay. It doesn't take into account prices on Amazon, Target, Walmart websites. And it doesn't have anything to do with the MSRP. The MSRP is displayed below the set picture. I'm sure other members could explain it much better, but that's the general gist of the Market Value.

[justafrog]

I think you did fine, Hollings.

 

Addendum: It's a good idea to read for awhile on how to invest and/or resell Lego (tons of info on this very site) before purchasing much, but in this case no real harm done. If upon further research you find you don't want these after all, you can return them to Target.

 

The first thing you have to determine is whether you're going to hold these for the long term or whether you're trying to find sets for "quick flips" on eBay or Amazon or elsewhere. Until you have an idea of your market and your goals, there's not much point loading up on inventory. 

[Quacs]

The Market Value new is based on what the set in question has recently been selling for on eBay. It doesn't take into account prices on Amazon, Target, Walmart websites. And it doesn't have anything to do with the MSRP. The MSRP is displayed below the set picture. I'm sure other members could explain it much better, but that's the general gist of the Market Value.

 

hollingsworthless has it just about right.  The only thing I would add is the New Market Value is derived from the last 30 sales of the set in question on eBay.  You can see these 30 sales in the "Recent Sold Listings" tab in the Pricing and Performance information under the graphs on the set's pricing page. 

 

Keep in mind the sale prices used to determine the new value calculation are at least 15-45 days old, if not more.  In 45 days, prices can rise/fall quickly depending on the availability of the set.

[DoNotInsertIntoMouth]

There can also easily be website errors and listing errors from Ebay that cause a set to show really low or high. That one is wrong - it should be much lower - would be my assumption.

[Jeff Mack]

The listings are correct in the DB.  There are a few higher priced pre-orders.  I can take those out, but new sets often spike on the first month they are out, then it levels out.

[jrbrdmn]

The Market Value new is based on what the set in question has recently been selling for on eBay. It doesn't take into account prices on Amazon, Target, Walmart websites. And it doesn't have anything to do with the MSRP. The MSRP is displayed below the set picture. I'm sure other members could explain it much better, but that's the general gist of the Market Value.

Herein lies more confusion. Why on earth would anyone pay more for the exact same product that can be had on Amazon, Target, etc for significantly less?

[Jeff Mack]

just to say they have it first, or maybe they really can't get in their country

[DoNotInsertIntoMouth]

Or laziness.