Subject:
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Re: Appraiser for collection
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Newsgroups:
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lugnet.market.appraisal
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Date:
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Wed, 14 May 2008 05:57:04 GMT
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Viewed:
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9793 times
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In lugnet.market.appraisal, David Eaton wrote:
> In lugnet.market.appraisal, Jean-Marc Détraz wrote:
> > I believe that because I am not in a selling position, that an overall
> > collection has a different value than individual sets.
>
> Very different, yes. Mostly because selling the collection as a whole attracts
> almost nobody as buyers. You won't find many people willing to shell out
> thousands of dollars for an entire AFOL collection.
>
> > Also 90% of my sets are for pieces only to build MOCs, therefore, once open
> > and incomplete, the value drops drastically.
>
> I'm not sure if that's necessarily true when talking about a collection as a
> whole. Or, not to much of a significant degree. It's true if you were selling
> individual sets to be sure, but not this way. If the collection were small
> enough such that a buyer might guestimate the value of the collection based on
> sets included within it (say, 20 sets or so), then yes, since buyers would in
> effect be buying set-by-set. But otherwise, selling a collection of 100+ sets,
> the buyer probably isn't going to valuate the sets individually to get a price,
> so I'd think completeness doesn't really factor in very much.
>
> > It seems that the weight might be the closest thing to do.
>
> I'd expect a very low amount if you price by weight. By weight, Lego is in the
> ballpark of 300-450 pieces per pound (I'd err closer to 350). And the general
> going price for used Lego lots per pound on eBay is (I think) about $5.00 per
> pound. You might expect a little more given that you're an AFOL rather than a
> kid with a bunch of matchbox cars and such thrown in, but that's close to about
> 1/10th of the cost that you might expect if you sold per set.
>
> It's an easy way to do your valuation, but it'll probably cost you in the
> numbers.
>
> > Hard call for sure.
>
> Definitely. But it really depends on what you're getting the price for. The best
> valuation is generally to sell piece-by-piece rather than set-by-set, although
> this method in practice means that you end up with a lot of unsold basic
> elements like 1x2 black plates or 4-long technic axles, and it takes a
> significantly long time to sell.
>
> Hence, you could argue a "fair" price that's very high (sell piece-by-piece) and
> very low (sell by pound). Deciding what's really "fair" in the middle depends on
> the purpose of determining the price. For insurance purposes, you may want to go
> high. If you were dividing assets in a difficult divorce, you might aim low. In
> the end, the decision for valuation is probably going to lie with you, since you
> know your collection best, and on whatever information you can find on similar
> valuations done elsewhere.
>
> Personally, for my insurance I valued my collection set-by-set (mostly because I
> don't sell elements and buy most of my stuff in sets), and based it on average
> BrickLink selling prices. My estimate came out to around $0.13 apiece, or
> around $27 per set.
>
> DaveE
Some very good observations and points. A set only has a value if someone wants
to buy it. To sell a substantial collection at one time would probably be
impossible. If the collection is large, few people would have the money at one
time to buy a collection that took years to build.
As for the parts, I have 640,450 spare parts. I have been giving more thought
to how to value the parts. The problem is the difference in the value of
individual pieces. Minifigs from the Cloud City set can sell for over $50 each.
Old plates with the red on one side from the early gas station sell for around
$10 each and the old granulated trees for $15-20 each. The HO figures on
bicycles or Vespas sell for around $25.00 as well as the policemen and traffic
light. I bought 4 of the 1x1 brick round with the oil sticker for $100 each.
Then the real problem is what is the 16,763 1x1 plates worth? How does the
color affect the price? Dark red, dark green, mas blue are all worth more than
black and gray. What are pat pending bricks and plates worth compared to the
modern ones. Are the ones with the erased pat pending worth more or less. I
have not come up with a good way to evaluate what I have gathered in elelments.
Weight is not a good way to go here. Then there is condition of the elements.
The older or rarer the element, is leeway given for what is acceptable? What is
a repaired baseplate for the Ferry 343 worth? I gave one away, was it valuable
or trash?
It is almost an impossible feat to try and figure this out, but I am still
looking for a way to do it, something that doesn't entail putting a price on
each element by color. I have 10,145 different elements and 135 possible
colors.
So the question on how to value a collection is a very good question.
John P
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Message is in Reply To:
 | | Re: Appraiser for collection
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| (...) Very different, yes. Mostly because selling the collection as a whole attracts almost nobody as buyers. You won't find many people willing to shell out thousands of dollars for an entire AFOL collection. (...) I'm not sure if that's (...) (17 years ago, 14-May-08, to lugnet.market.appraisal)
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