Subject:
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Re: LARGEST LEGO LOT ON EBAY EVER!! (???)
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Newsgroups:
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lugnet.market.theory
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Date:
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Sat, 3 Feb 2001 20:20:32 GMT
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Viewed:
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1880 times
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In lugnet.market.theory, Ray Sanders writes:
> In lugnet.general, Lindsay Frederick Braun writes:
> > However, broken up I really do agree that $50K is a conservative
> > estimate of its value. If it's really a full ton, with older sets
> > and complete instructions for some of those sets (I saw that Yellow
> > Castle, yessirree) it could easily be worth six figures as parts.
>
> Possibly, possibly not. I did some quick calculations. A month or so back, I
> posted the results of my 'how many 2x4 bricks are in a pound' experiment. My
> answer was 202-203 (or 101/8-oz to be precise). 2x4 bricks are, at least to me,
> a benchmark for what a Lego piece weighs. Many pieces weigh less, and some weigh
> more. Based on that, he (most likely) has 400K - 600K pieces here. If I were
> betting, I would put it somewhere around 475K. These was computed using 202/lb
> and 2K lbs.
>
> Extrapolating a bit further (out the pier), the 'new MSRP' value of the parts
> alone is probably $20K. Some of those sets are much rarer than the intrinsic
> parts, a few (mostly the recent ones) as worth less. I think a fair high bid
> would be $12K-$15K. Lets make some popcorn and sit back and watch. What does
> everyone think ?
I don't know--your mass/pieces reckoning is fine by me, but you're
far undervaluing the market value of the pieces, IMHO. $0.10 is a good
rule of thumb buying them at MSRP; even then, we'd be talking $47,500.
But my experience of selling parts has produced an average far above
that, $0.24 per piece to be exact, and that's including a lot of very
undesirable pieces that are overexposed as well as a lot of high-
value bits (like 6x24 grey plates at $12 a pop). If we use my $
figures and your mass figures, we'd get a theoretical value closer to
$115,000 if the sets were parted out into piece lots and eBayed that
way.
Now *unsorted* I'd agree with your assessment of the likely value
someone will place on the collection. I was talking above about the
potential value of the pieces, if sorted and sold by someone with
the knowledge to do so strategically.
best,
LFB
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Message has 1 Reply:
 | | Re: LARGEST LEGO LOT ON EBAY EVER!! (???)
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| (...) The auction listing mentions that he may be willing to take the hi-bid if the reserve is not met. <trying to remember the rules of ebay proxy biddy> Does the proxy bidding of your high-bid only apply *after* you pass the reserve ? In other (...) (24 years ago, 3-Feb-01, to lugnet.market.theory)
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Message is in Reply To:
| | Re: LARGEST LEGO LOT ON EBAY EVER!! (???)
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| (...) Possibly, possibly not. I did some quick calculations. A month or so back, I posted the results of my 'how many 2x4 bricks are in a pound' experiment. My answer was 202-203 (or 101/8-oz to be precise). 2x4 bricks are, at least to me, a (...) (24 years ago, 3-Feb-01, to lugnet.market.theory)
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