Lego is not a fad. However, buying Lego sets and selling them for a profit is a fad. As an example, the 6000 parts Taj Mahal was for sale around £200 I believe and now people try to sell it for £1000. It's obviously not worth that as a toy, because you get equally challenging sets for £200 - why would you pay five times as much? The only ones paying that money are idiots who think it is an investment. And once you run out of idiots, the prices will drop.
You are just another person who "thinks" you understand what's going on. You can't buy the Taj Mahal anymore. Right there makes it a collectible. Now you have people who are older and have jobs that can help them buy it. If you are a LEGO fan that always wanted this set, you will be the one willing to pay the price in order to have it. Its not really investors selling to to investors. Its investors selling to fans that can financially support it or other collectors.
... but these people haven't made a "profit" until they have SOLD their holdings.
Who to? Other investors? What if they all sell at once?
I think you should read some of the blog articles at the main website about this topic http://www.brickpicker.com./ I think that will answer most of your questions. If you have good sets and sell all at once, i am sure you will make a nice profit.
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Lego is not a fad. However, buying Lego sets and selling them for a profit is a fad. As an example, the 6000 parts Taj Mahal was for sale around £200 I believe and now people try to sell it for £1000. It's obviously not worth that as a toy, because you get equally challenging sets for £200 - why would you pay five times as much? The only ones paying that money are idiots who think it is an investment. And once you run out of idiots, the prices will drop.
You are just another person who "thinks" you understand what's going on. You can't buy the Taj Mahal anymore. Right there makes it a collectible. Now you have people who are older and have jobs that can help them buy it. If you are a LEGO fan that always wanted this set, you will be the one willing to pay the price in order to have it. Its not really investors selling to to investors. Its investors selling to fans that can financially support it or other collectors.
... but these people haven't made a "profit" until they have SOLD their holdings.
Who to? Other investors? What if they all sell at once?
I think you should read some of the blog articles at the main website about this topic http://www.brickpicker.com./ I think that will answer most of your questions. If you have good sets and sell all at once, i am sure you will make a nice profit.
"These things are gold," Jeff says.
A huge mistake in that comparison.
But a fairly reasonable metaphor (as far as Jeff's opinion goes), which is all it is.
Good point that many people probably just don't get. Its amazing when people take things out of context.