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In lugnet.dear-lego, Kerry Raymond writes:
>
> A scientific method would be to take the original RRP and apply the inflation
> factor of the years since release and then divide that into the current
> average ebay prices for that set. If you believe in the supply-and-demand
> equation, the sets that have appreciated most are the most desired and hence
> the most attractive for re-release.
I guess that is the most scientific way...
and what might have prompted Lego to start putting out the legends, to
get some of the market of "rare" but awesome and highly demanded sets.
> Against this, there is the possibility that:
>
> * the most highly prized sets might not be offered for resale very often and
> hence difficult to value in such circumstances (but I think the world is full
> of enough people who have lost interest in Lego to rule that out)
>
> * the ebay prices are determined primarily by collectors who will not regard a
> re-release as being equivalent to the original
good point....but there is two points to look at that...
point of view a, the collector. He/she only wants the set for "prestige"
holding it, MISB for a time, or maybe in his/her pile of unopened boxes.....
which will pass on to somebody else, who might not be so willing to keep it
sealed... :(
point of view b, the builder. He/she only wants set for the pieces involved.
your views below give good examples of this....
> * the prices of a set on ebay may be influenced by its inclusion of a rare
> part, and that a small quantity of re-released sets might quickly saturate the
> market's desire for this part
I can't really say this applies to the Metroliner, because there are a
lot of fairly rare parts that are available only to the set. Club car,
there are more fairly common elements, except the grey "bi-level" train base,
which has never, ever been offered as a bulk item.
> One has the impression that Guarded Inns are flying out of S@H as fast as they
> can make them; many LUGnetters say they have bought multiple copies and it is
> evident on brickbay/bricklink that many of them are being parted out. However,
> if purchase of multiple copies is primarily for the parts (as opposed to, say,
> giving as gifts), then S@H would have made you just as happy if they had just
> released the corresponding parts as bulk bricks. I wonder if the Guarded Inn
> is truly a success as a re-release or whether it is better judged as a success
> as a parts pack. To be a true re-release success, one would expect people to
> buy just one copy (apart from gifts).
>
> Or is a re-release that isn't a parts pack inherently doomed because if it's
> made from extremely common parts, we'd all have just built from the brickshelf
> instructions and hence wouldn't want to buy it?
ohhh yeah!!! I have 3, 1 for "play", and 2 for a future project (for
parts), with 8 more (for parts) to be bought in the near-future.
> * the prices people will pay in the heat of an auction are not what they will
> pay "in cold blood" in a retail situation
ohh yeah.....that is interesting point.
There are times, sadly, that I subject myself to "over-indulging" my urges to
bid on sets, sometimes paying a "slight" premium. And also, on a couple
of occasions, when I paid WAY too much for it...(6399 Airport Shuttle, (my
first copy of) 4558 Metroliner, and 4549 Club Car).
Your post was great, but you <Kerry> didn't really give any examples of sets
you'd have wished to be made "legendary".
...and it really should have been x-posted to market.thery, because it was
very intriguing as far as a marketing stand-point.
Benjamin Medinets
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Message is in Reply To:
 | | Re: wish list for lego legends
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| A scientific method would be to take the original RRP and apply the inflation factor of the years since release and then divide that into the current average ebay prices for that set. If you believe in the supply-and-demand equation, the sets that (...) (23 years ago, 6-Feb-02, to lugnet.dear-lego, lugnet.general)
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