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Brickbay's wanted page has the ability to enter a set, quantity, and a price you are willing to pay. You can't see what people are willing to pay though. But the structure is already there (24 years ago, 6-Oct-00, to lugnet.market.theory)
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| | Re: level of interest in 7151 / Sith ?
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(...) Because of that, I don't know how well it would work in BrickBay. You could tell there was demand for a lot of 7151s, but at what price? In fact, you'd be better off - if you had the time - to buy them if they were say 50% off, and part them (...) (24 years ago, 6-Oct-00, to lugnet.market.theory)
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| | Re: level of interest in 7151 / Sith ?
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(...) Yes, you are correct, but I believe that it is lacking. Here's how I would envision it working... The existing auction model (ebay, et al) is a seller with product being 'pushed' into the market. I'm thinking of something where a buyer wants (...) (24 years ago, 6-Oct-00, to lugnet.market.theory)
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| | Re: level of interest in 7151 / Sith ?
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(...) believe (...) It's interesting that what everyone is describing here is basically a "stock market". The bit with a buyer stating the qty and price they are willing to pay is the same as issuing a "Limit Buy Order" on the stock market. The (...) (24 years ago, 7-Oct-00, to lugnet.market.theory)
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(...) You're in the right ball park, but it's a commodity market. I can't believe I haven't been involved in a discussion like this before. One of the aspects of LEGO that appeals to me is the commodity market angle - I get to buy and sell LEGO. (...) (24 years ago, 7-Oct-00, to lugnet.market.theory)
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| | Re: level of interest in 7151 / Sith ?
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(...) The day that I wake up and hear Lego 'futures' being quoted on CNNfn or CNBC, I think I'm gonna turn off the tellie and go back to bed. ;) and all I was trying to do was make the buying and selling of clearanced Legos a more efficient (...) (24 years ago, 7-Oct-00, to lugnet.market.theory, lugnet.off-topic.fun)
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| | Re: level of interest in 7151 / Sith ?
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In lugnet.market.theory, Kyle D. Jackson writes: <snipped most of a great post> (...) with (...) Right. I posted some and so did some people to this thread. Further, my want list is a limit buy to a certain extent (although I did turn someone down (...) (24 years ago, 7-Oct-00, to lugnet.market.theory)
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| | Re: level of interest in 7151 / Sith ?
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(...) Gee I hope no one shorts the PCC! (it's pretty short already compared to the prototype) Steve is right, it's analogy, but not a perfect one. As it happens, the auction has ended, the first copy went for 202.49. I had meantime been selling (...) (24 years ago, 7-Oct-00, to lugnet.market.theory)
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| | Re: level of interest in 7151 / Sith ?
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(...) Actually, I'm pretty happy about all this. I just want to see something which is mostly manual & slow become a more efficient marketplace :) Ray S 124 (license to resell Lego) (24 years ago, 7-Oct-00, to lugnet.market.theory)
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| | Re: level of interest in 7151 / Sith ?
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(...) You'd probably have to explain to me the difference... Is it that stocks are paper shares of ownership in a company, whereas commodities are trading actual physical items? I was going to put commodities, but only because it sounded better :] (...) (24 years ago, 7-Oct-00, to lugnet.market.theory)
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| | Re: level of interest in 7151 / Sith ?
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(...) That is the distinction I made. Commodities eventually get delivered and converted into something else. ++Lar (24 years ago, 7-Oct-00, to lugnet.market.theory)
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| | LEGO Commodity Market (was Re: level of interest in 7151?)
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(...) Basically - Think of gold or wheat or oil or cattle or ... The wheat and cattle will eventually be turned into a hamburgers and sold. You're an oil consumer when you fill up your gas tank. TLC would be the Opec of our world. Let's say I've got (...) (24 years ago, 7-Oct-00, to lugnet.market.theory)
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