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eBay madness

gylman

By gylman
in Buy, Sell, Trade and Finds

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zz-80 Enthusiast

zz-80

Posted
Posted (edited)
Someone with better math-abilities than me please calculate the percental increase in value per year

OK here we go:

1,95583 DM = 1 Euro

49,50 DM = 25,31 Euro

Bought in 1983 (lets assume 30/09/83), sold for 623,00 Euro in September 07

Total performance: 2.389,24 %

Average annual return: 14,32 %

I do own this set as well, but unfortunately not MISB and with yellowed parts. X-D

BTW: a simple buy&hold investment in Coca Cola (KO) would have been slightly better with $1.29 on 30/09/83 and $57.47 on 28/09/07, resulting in roughly 4.355,04 % or 17,13 % per year - excluding any exchange rate effects for us Euros. And NO I won't compare with Microsoft, Stryker or Cisco Systems. Go and check yourself! *wub*

Edited by zz-80
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Holodoc Grand Master

Holodoc

Posted
Posted
OK here we go:

Nice job! *y*

And NO I won't compare with Microsoft, Stryker or Cisco Systems. Go and check yourself! *wub*

Forget my last comment. Lazy buster! ;-) X-D

  • 3 weeks later...
Johnny 5 Community Regular

Johnny 5

Posted
Posted

Some people are crazy enough to do it.

Well I dont know about crazy if things keep going how they do, that set will be worth much more in ten years.

My theory on all of this is the people who grew up with legos are becoming highly successful at thier careers now and having the cash to throw down on a $5k MISB set that they remember having as a kid and lost over the years. Now days it is much more acceptable for a millionare to have a hobby that is rooted pop culture than a few decades back when all rich people wanted to collect is art or other things such as.

Also with South Korea and China becoming increasingly free market and industrialized it opens a whole other venue of buyers that want a part of lego history.

With these two factors it drives the price for MISB sets up and makes the market that much more exclusive.

(Also has anyone else seen that company on ebay called Cheerful Life that does cheap knockoffs of lego sets from the 90's? They're from China and is another indication of the growing market there.)

snefroe Grand Master

snefroe

Posted
Posted (edited)

just wonder to see how high this will go. It's a very early space set, MISB, but from the pre-minifig era, so it won't go THAT high, but I'm curious... i think it's quite rare as well, but for some reason, most of the collectors don't go this far back...

510 dollars... not bad...

Edited by snefroe
SupaaSayajin Collaborator

SupaaSayajin

Posted
Posted

That will so hurt my bank account, ouch ouch ouch :-/

but I can't resist, though I think we don't have much of a chance against some italian/korean/or even usa itself crazy highbidders. But I will of course follow this and calculate how much he money he'll get in total after the items ended!! ^^

snefroe Grand Master

snefroe

Posted
Posted

just wondering if it's smart to cluster the sets like this. think he may get more out of it if he were to sell the big sets seperately.

jamtf Rising Star

jamtf

Posted
Posted

I was tempted to make inquiries as to where he got this amount of sets. He even listed some new things today. This is just too good.

There was once a scam in Italy. An Italian seller had managed to get himself a respectable feedback rating - can't remember his name, it was about a year ago that this happened - but all of a sudden he turned into a fraud and sold MISB Lego sets using photos from the sets he supposedly had for sale and many fell for that (not me, fortunately). They paid him and for some reason he had sent rubbish items instead of the items they bought. Many lost a good amount of money through this and his feedback rating went right down the sewer. He ended up being banned (of course).

You have to admit that this seller has a rather small feedback rating, nonetheless 100% positive so it looks reliable. He has not dealt on eBay for some time as all of his feedback is over 90 days old. If anyone knows more about this and / or the heritage of this huge classic collection, he or she is requested to share the news.

And Gyl, you are quite right about the Asians and the Italians. If they really want it, they usually get it.

gylman Veteran

gylman

Posted
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Posted

I emailed him asking about shipping issues, and got a quick and straightforward answer.

While I am a bit uneasy for the reasons you mentioned JP, I am inclined to think he is for real. Among the reasons I note the selection of sets, which includes some esoteric stuff, and not necessarily the stuff that someone going for a scam would use.

Look at all the resellers lining up for these. They know their true value. Lockhand, Airlego....

Gods, I keep looking at those castle sets....

Note the high bidder on the first castle set.. a***h. 17 bid retractions in the last 6 months. A person like that should be banned from eBay. They drive up the prices, and then don't follow through.

I am confused about one thing. Why does this auction not show the bidder information,

http://cgi.ebay.com/ws/eBayISAPI.dll?ViewI...em=260178518764

and the other ones do show it.

Hobbes Grand Master

Hobbes

Posted
Posted
I am confused about one thing. Why does this auction not show the bidder information,

http://cgi.ebay.com/ws/eBayISAPI.dll?ViewI...em=260178518764

and the other ones do show it.

From the bid history:

"eBay has changed how bid history information is displayed for higher-priced items. To help keep the eBay community safe, enhance bidder privacy, and protect our members from fraudulent emails, only you and the seller of the item can view your User ID in bid history. Other members will see anonymous names."

In Germany/Austria "higher-priced" starts at 100 Euro.

jamtf Rising Star

jamtf

Posted
Posted

Don't get me wrong Gyl, I too believe that this seller is to be trusted. But it would be good to know how all of this was brought together and where it originally came from. I mean, did someone die or has the seller stopped collecting? Presumably this was all purchased privately or even back in the old days and stored away for a decade or 2 and more. The boxes look quite good and here and there you will notice price stickers. For one, the seller has not done any purchasing of Lego through eBay of late since all of his feedback is over 90 days old.

A year or so back there was a seller called onebreeze / e-breeze on eBay that sold discontinued sets from the early 1990s up to the mid 1990s for a retired shopkeeper who did not manage to offload his stock when he was in business. The seller mentioned this straightforward in each description that it came from a closed store and that he was helping the old man out by putting things online. By doing this, he gained some trust by giving an explanation of where he got it that this was all ligit. His honesty was reflected in the bidding but the die-hards on eBay will surely recall this. Every set was sold separately and he had a couple huge 1990s 6086 castles, 6285 BSBs and 6277 ITPs.

Yes, I noticed that the resellers are already lining up. Basically, forget about bargains except for the Exploriens sets etc. that no one is really interested in and that usually do not command high prices. Expect huge numbers. Every serious Lego collector that is used to buy stuff online will have noticed this sale is going on.

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