DO NOT READ THIS. A HEAVY FINE WILL BE IMPOSED FOR THE READING OF SAID WORDS.

People who did.

Sunday, March 27, 2011

Think About the Economics of LEGO

This isn't really an issue, but heck it's sure something to chew on
while you drive to work.


           For those of you who didn't know this, I am just about a teen. And this is a school project.
Everyone else was all about feeding African people, but I said, "Yea, that's original." I didn't want
to be like everyone else. And I'm not!

           Onto the show! I sell LEGO parts online, and I've been amazed at some of this data!
I've sold a $40 Minifigure (LEGO man,) a $15 head, and a $8.50 horse blanket (I think it was called
a barding.) Who buys this? About 160,000 members are on this network, Bricklink.
 I attempted to explain this apparent miasma that is LEGO below:

  • Why is LEGO worth so much? Well, time is money's friend.
     You can't be hard pressed to find some 20 piece, 30 year old sets for $/400. Which is funny considering that they probably payed $5 or less at the time. Even I realize the value, and yes, I do keep some sealed sets (Collectible Minifigures, Google it!) The main other reason for value is the logo next to LEGO. LEGO--every kid loves. SW--Adults love. LEGO SW--Everybody loves! 
LEGO Star Wars, whose minifigs account for HALF
  of all Bricklink minifig sales.






 LEGO is an icon today, and many other iconic companies have created LEGO toys in their image. I even own a couple old Coca-Cola co-branded minifigs from 2002! Batman+LEGO was also around in the mid/late 2000's. A SINGLE LEGO Batman minifig could sell for $40 or more (I sold my Joker for that much.)


  • Why would anybody spend that much for LEGO minifigs? When "why not" doesn't work, I say it's because of how cool Batman/SW/Whatever is to Mr. Person. With tens of thousands of LEGO-loving adults with jobs are online, prices tend to go up for some things. Also, someone like Nannan Zhang, an Adult Fan Of LEGO (AFOL) doesn't have all the Batman minifigs for his new My Own Creation, who is going to get Catwoman for him?




Nannan Zhang shows off his LEGO uninverse (ha ha, I wonder if you get it.)


Hope all that helps.

           Having heard all of this, if you have some dusty old LEGO toys wasting space, and you like checks, shoot me an e-mail right HERE.

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