| Discussion Forum: Thread 339233 |
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| | | Author: | pjf1000  | | Posted: | May 4, 2023 23:31 | | Subject: | Valuation of LEGO Collection for Bulk Sale | | Viewed: | 148 times | | Topic: | Selling | |
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| I am moving soon and looking to downsize my LEGO collection. How do you all go
about determining a fair value for selling? My sets would be sold assembled with
minifigures and instructions, but no boxes. Sets are clean and were stored out
of the sun.
Are BrickEconomy's prices for used sets accurate? I could also sell everything
by the pound but I feel like I would lose a lot of value. I have about 3 months
to sell it all before I move. How do you all approach this?
I'm just doing a preliminary determination of what my collection may be worth,
but it mostly consists of about 100 assorted Star Wars and City sets from 2010
- 2017.
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| | | | | Author: | Nubs_Select | | Posted: | May 4, 2023 23:34 | | Subject: | (Cancelled) | | Viewed: | 37 times | | Topic: | Selling | |
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| | (Cancelled) |
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| | | | | Author: | wildchicken13 | | Posted: | May 4, 2023 23:46 | | Subject: | Re: Valuation of LEGO Collection for Bulk Sale | | Viewed: | 54 times | | Topic: | Selling | |
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| In Selling, pjf1000 writes:
| | I am moving soon and looking to downsize my LEGO collection. How do you all go
about determining a fair value for selling?
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For pricing entire collections, in general, expect to receive about 15-20% of
the last six months sales average on BrickLink, maybe 50% if you are lucky.
For pricing individual sets, use BrickLink or BrickEconomy as guides. If you
are in a hurry to sell, you may want to price your sets towards the lower end
of what is currently available for sale.
| | My sets would be sold assembled with minifigures and instructions, but no boxes.
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Used sets are generally sold disassembled. That being said, if you are selling
your entire collection at once, you may be able to find someone who is willing
to take them assembled.
| | Sets are clean and were stored out of the sun.
Are BrickEconomy's prices for used sets accurate? I could also sell everything
by the pound but I feel like I would lose a lot of value. I have about 3 months
to sell it all before I move. How do you all approach this?
|
BrickLink is not a great place for moving inventory quickly. You may want to
try to sell it to someone local, maybe on Craigslist or Facebook Marketplace.
| | I'm just doing a preliminary determination of what my collection may be worth,
but it mostly consists of about 100 assorted Star Wars and City sets from 2010
- 2017.
|
Hope that helps.
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| | | | | Author: | yorbrick | | Posted: | May 5, 2023 02:35 | | Subject: | Re: Valuation of LEGO Collection for Bulk Sale | | Viewed: | 31 times | | Topic: | Selling | |
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| In Selling, pjf1000 writes:
| | I am moving soon and looking to downsize my LEGO collection. How do you all go
about determining a fair value for selling? My sets would be sold assembled with
minifigures and instructions, but no boxes. Sets are clean and were stored out
of the sun.
Are BrickEconomy's prices for used sets accurate? I could also sell everything
by the pound but I feel like I would lose a lot of value. I have about 3 months
to sell it all before I move. How do you all approach this?
I'm just doing a preliminary determination of what my collection may be worth,
but it mostly consists of about 100 assorted Star Wars and City sets from 2010
- 2017.
|
To sell in bulk, probably 25-33% of the six month average or half the lowest
current prices. That is assuming it will be bought by someone to sell on.
If you want higher prices, you'll need to sell to collectors rather than
sellers, and to do that you'll need to sell sets individually.
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| | | | | Author: | rab1234 | | Posted: | May 5, 2023 09:20 | | Subject: | Re: Valuation of LEGO Collection for Bulk Sale | | Viewed: | 45 times | | Topic: | Selling | |
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| I have to sort of disagree with other comments. Every time I check a local marketplace,
people have their built sets listed at "listed at the lowest price on bricklink"
or "average bricklink sold prices" (at least in my area in the US).
The listings seem to get updated fairly regularly with strikethroughs on the
sold sets. I don't know of course whether or not they're actually getting
what they're asking, but I assume it's more than 50%.
I expect you could get 75% of lowest Bricklink prices pretty easily if they're
a theme that's in demand and are retired sets.
City or friends might need to be listed at 50% of BL to move.
In Selling, pjf1000 writes:
| | I am moving soon and looking to downsize my LEGO collection. How do you all go
about determining a fair value for selling? My sets would be sold assembled with
minifigures and instructions, but no boxes. Sets are clean and were stored out
of the sun.
Are BrickEconomy's prices for used sets accurate? I could also sell everything
by the pound but I feel like I would lose a lot of value. I have about 3 months
to sell it all before I move. How do you all approach this?
I'm just doing a preliminary determination of what my collection may be worth,
but it mostly consists of about 100 assorted Star Wars and City sets from 2010
- 2017.
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| | | | | | | Author: | yorbrick | | Posted: | May 5, 2023 10:27 | | Subject: | Re: Valuation of LEGO Collection for Bulk Sale | | Viewed: | 41 times | | Topic: | Selling | |
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| | | I expect you could get 75% of lowest Bricklink prices pretty easily if they're
a theme that's in demand and are retired sets.
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Individually, yes. But as a collection, no.
It really depends whether you are selling (single sets) to a collector or (bulk
collection of sets) to a reseller.
Selling large collections through facebook is probably even more work than bricklink
as you need to photograph everything, then deal with people not showing up to
collect even though they agreed to collect, although of course you do not need
to package it all.
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| | | | | | | | | Author: | rab1234 | | Posted: | May 5, 2023 12:08 | | Subject: | Re: Valuation of LEGO Collection for Bulk Sale | | Viewed: | 38 times | | Topic: | Selling | |
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| I'd say it's far less work to sell on a local marketplace overall. No
required verification of parts, no finding or buying missing parts, and no shipping
are the big time-savers. Weigh that against dealing with lowball offers and
people not showing up.
Local sellers will post a single photo with all their sets in it and say "as
is at lowest Bricklink prices" or something to that effect with a list of
prices (this is obviously a required step for BL too) and they do disappear over
a few weeks. Listing all the sets on Bricklink would take several years to move
(even as the cheapest in country).
In Selling, yorbrick writes:
| | | | I expect you could get 75% of lowest Bricklink prices pretty easily if they're
a theme that's in demand and are retired sets.
|
Individually, yes. But as a collection, no.
It really depends whether you are selling (single sets) to a collector or (bulk
collection of sets) to a reseller.
Selling large collections through facebook is probably even more work than bricklink
as you need to photograph everything, then deal with people not showing up to
collect even though they agreed to collect, although of course you do not need
to package it all.
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| | | | | | | | | | | Author: | yorbrick | | Posted: | May 5, 2023 12:40 | | Subject: | Re: Valuation of LEGO Collection for Bulk Sale | | Viewed: | 43 times | | Topic: | Selling | |
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| In Selling, rab1234 writes:
| | I'd say it's far less work to sell on a local marketplace overall. No
required verification of parts, no finding or buying missing parts, and no shipping
are the big time-savers. Weigh that against dealing with lowball offers and
people not showing up.
Local sellers will post a single photo with all their sets in it and say "as
is at lowest Bricklink prices" or something to that effect with a list of
prices (this is obviously a required step for BL too) and they do disappear over
a few weeks. Listing all the sets on Bricklink would take several years to move
(even as the cheapest in country).
|
Yeah, I also sell a fair bit locally. Although I still check completeness of
a set (as I would here) if I call it a set. I reckon maybe 1 in 10 of the "is
this available" questions actually ends in a sale. I used to get loads of
lowball offers that never lead to sales, but for the past year or so I just block
anyone that offers less than 80% asking price and that stops those offers. Even
once a sale is agreed I reckon still only 1 in 3 actually turn up to collect.
I find bulk 1 kg bags of random parts sell better than sets on facebook.
When it works, it is very convenient.
However, I still think the OP needs to know who they want to market to and how
long they want to spend doing it - the collector if they don't mind selling
sets individually or the reseller if they want to do the lot in one go.
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| | | | | | | | | | | | | Author: | rab1234 | | Posted: | May 5, 2023 12:49 | | Subject: | Re: Valuation of LEGO Collection for Bulk Sale | | Viewed: | 40 times | | Topic: | Selling | |
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| I agree with what you said here about the differences in trying to sell individual
sets vs the "will not separate" listings. I mostly limit my marketplace
selling to bulk parts which I usually end up selling (likely to resellers) at
$5 per pound for about 100 pounds. I'm sure I could get more if I sold gallon
bags 1 at a time, but then I'd have to deal 50 times as many meetups and
probably more than that in no-shows. I sell about 600 pounds a year this way.
I've noticed there are a lot less "is this still available?" questions
and no-shows (0 in my experience) when you're selling in large quantities.
In Selling, yorbrick writes:
| | In Selling, rab1234 writes:
| | I'd say it's far less work to sell on a local marketplace overall. No
required verification of parts, no finding or buying missing parts, and no shipping
are the big time-savers. Weigh that against dealing with lowball offers and
people not showing up.
Local sellers will post a single photo with all their sets in it and say "as
is at lowest Bricklink prices" or something to that effect with a list of
prices (this is obviously a required step for BL too) and they do disappear over
a few weeks. Listing all the sets on Bricklink would take several years to move
(even as the cheapest in country).
|
Yeah, I also sell a fair bit locally. Although I still check completeness of
a set (as I would here) if I call it a set. I reckon maybe 1 in 10 of the "is
this available" questions actually ends in a sale. I used to get loads of
lowball offers that never lead to sales, but for the past year or so I just block
anyone that offers less than 80% asking price and that stops those offers. Even
once a sale is agreed I reckon still only 1 in 3 actually turn up to collect.
I find bulk 1 kg bags of random parts sell better than sets on facebook.
When it works, it is very convenient.
However, I still think the OP needs to know who they want to market to and how
long they want to spend doing it - the collector if they don't mind selling
sets individually or the reseller if they want to do the lot in one go.
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| | | | | Author: | legomalego | | Posted: | May 5, 2023 11:07 | | Subject: | Re: Valuation of LEGO Collection for Bulk Sale | | Viewed: | 36 times | | Topic: | Selling | |
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| Local market place.
Individually priced 25% ABOVE Bricklinks 6 month average.
Drop 10% every week for 5 weeks until most sold.
Bundle what remains and offer at 25% below the last listed priced (added together)
Drop 10% per week until gone.
Count your money.
In Selling, pjf1000 writes:
| | I am moving soon and looking to downsize my LEGO collection. How do you all go
about determining a fair value for selling? My sets would be sold assembled with
minifigures and instructions, but no boxes. Sets are clean and were stored out
of the sun.
Are BrickEconomy's prices for used sets accurate? I could also sell everything
by the pound but I feel like I would lose a lot of value. I have about 3 months
to sell it all before I move. How do you all approach this?
I'm just doing a preliminary determination of what my collection may be worth,
but it mostly consists of about 100 assorted Star Wars and City sets from 2010
- 2017.
|
|
|
|
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| | | | | | | Author: | legomalego | | Posted: | May 5, 2023 11:10 | | Subject: | Re: Valuation of LEGO Collection for Bulk Sale | | Viewed: | 34 times | | Topic: | Selling | |
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| If you sell it as one lot you will get hosed!
In Selling, legomalego writes:
| | Local market place.
Individually priced 25% ABOVE Bricklinks 6 month average.
Drop 10% every week for 5 weeks until most sold.
Bundle what remains and offer at 25% below the last listed priced (added together)
Drop 10% per week until gone.
Count your money.
In Selling, pjf1000 writes:
| | I am moving soon and looking to downsize my LEGO collection. How do you all go
about determining a fair value for selling? My sets would be sold assembled with
minifigures and instructions, but no boxes. Sets are clean and were stored out
of the sun.
Are BrickEconomy's prices for used sets accurate? I could also sell everything
by the pound but I feel like I would lose a lot of value. I have about 3 months
to sell it all before I move. How do you all approach this?
I'm just doing a preliminary determination of what my collection may be worth,
but it mostly consists of about 100 assorted Star Wars and City sets from 2010
- 2017.
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USA, Texas
Canada, Ontario
United Kingdom, England