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In lugnet.market.buy-sell-trade, James Brown writes:
> In lugnet.market.buy-sell-trade, Matt Penney writes:
> > Why are the Prices so low at Ebay right now? A friend asked if I would help
> > him out by helping him sell off his collection. Ebay isn't bringing the
> > results I have commonly seen in the past. *shrug* Any gueses? Should I wait
> > before posting more of his collection?
>
> At a guess, I'd say that it's a combination of eBay finally reaching a
> market saturation, and the blah economy starting to trickle down to
> secondhand markets.
Yep, I think so too. Seems like sales (at least on BB) started to trail off
about mid-April. They are just now showing renewed signs of life. I think this
is somewhat cyclical. I saw something similar happen (although now quite as
intense) about the same time last year (on eBay). Maybe this explains why the
big boys (WM, KM, Target, et al) were so motivated about getting rid of stuff
during the Jan-Mar time frame.
> By market saturation, I mean that enough people are aware of and using eBay
> that the general trend is shifting towards deal-finding, and away from "just
> saw it, gotta have it, might not see it again" buying.
Ahhh, theres the word I've been waiting for someone to use... 'saturation'.
Here are a few datapoints to consider ...
Parts listed on BrickBay about the time I joined (10/2000): 250K-300K
Parts listed on BrickBay today (6/6/2001): 1,690K
Parts sold thus far on BrickBay (thru 6/6/2001): 1,610K
Sets listed on BrickBay today (6/6/2001): 9,876
Sets sold thus far on BrickBay (thru 6/6/2001): 8,667
So, in summary, about 50% of the listed parts have been sold and about 47% of
the listed sets have moved. This does not take into account any sets that people
are sitting on waiting to decide if they should list or part-out (disclaimer: I
have a few). In the large picture, this is not all that much product (vis-a-vis
TLCs production capacity), but it does appear to be a relatively large chunk of
what this market niche can absorb. Is also suggests (although not a direct
correlation) that BrickBay has a 1-year supply of parts currently listed (seeing
as how BrickBay is now approaching its 1-year birthday).
Comments anyone ?
> 'Course, I'm not an economist or anything like, so I'm probably out to lunch.
Ray
(fut to .market.theory)
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Message has 2 Replies:
 | | Re: tips wanted: Selling Custom Kits
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| In lugnet.market.buy-sell-trade, Ray Sanders writes: <much snippage> (...) One postscript to my other comments above... somewhere in the back of my mind, I had this nagging little item about the Lego Star Wars sets and the weekly S@H specials. So I (...) (23 years ago, 6-Jun-01, to lugnet.market.theory)
| | | Re: tips wanted: Selling Custom Kits
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| (...) I think that your data, while being sound by numerical standards, is flawed by interpretation. I agree that there are as many (way more in fact) parts available today on BB as have been sold throughout the life of the site. But look at what (...) (23 years ago, 12-Jun-01, to lugnet.market.theory)
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Message is in Reply To:
| | Re: tips wanted: Selling Custom Kits
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| (...) At a guess, I'd say that it's a combination of eBay finally reaching a market saturation, and the blah economy starting to trickle down to secondhand markets. By market saturation, I mean that enough people are aware of and using eBay that the (...) (23 years ago, 6-Jun-01, to lugnet.market.buy-sell-trade)
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