I Gave My Worst LEGO Investing Advice!
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- เผยแพร่เมื่อ 17 ต.ค. 2023
- I love to talk about LEGO investing buying and re-selling. But sometimes when you are talking about LEGO investing you give bad advice and that is just what I did. Check out the video where I completely fall on my sword for giving some of the worst LEGO investing advice to date.
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For all LEGO sets retiring in 2023 check out this LEGO set here: • Every LEGO Set Confirm...
At the time of the original videos, all the data supported your opinion. Don't beat yourself up too much! Love the content as always, Jake.
Thanks Perma! You gotta go based on data not on gut and you are right that was the info I had at the time
Dude, Jake. This set is a D for Investing. It's a B for a quick flip, again the fees and shipping will kill most those eBay "Investments".
Who knows... You might still be right! But if all the inventory starts to dry up I don't see it going down in value...
See one sold over 2k from japan...so yeah thank Jake.Keeping it for 2-3 years,after who know...
Well, sometimes it can be hard to predict the future value of those iconic building sets. Take a look at Tower Bridge and Sydney Opera House, they both haven't been performed well.
100%! Sometimes it just comes down to luck
Great video!!! You are one of the few TH-camrs who corrects themselves when they make a mistake keep it up
Trying to always keep it real
Thanks for the shout out brother!...You are still one of the best, providing good data and sound advise on Lego's investing strategies. Like many of the subscribers who love your videos, I have learned so much from you; including how to deal with a companion/spouse questioning the unreasonable amount of funds we allocate to Lego purchases!
Hahahahaha! Appreciate it my friend and yes as long as my investing funds a vacation here and there I am still in good graces
Great video! Finding one in the wild would be nice right now. I'm still going to stay focused on the best deals on the best retiring sets this season. I did set the Colosseum as my home page a few days ago to scoop one before it disappeared so hopefully it pokes its head out once more.
Great strategy!
Lol I'll sell you one for 700 immediately..
I have definitely heard that it is a pain to build - not enjoyable - so, I would have thought you were right on with it being a bad investment. Good tip about where to check
We will see what happens in the coming months. But AFOLs are crazy that's for sure
Thanks mate, nice honest hands up!
Also just to say whenever i feel bad about the amount of cash ive spent on Lego i just check out your shelves and feel ok... 😉🇬🇧
Always here to help 🤣
I don’t think anyone saw this coming! Good call on the Lego Land stores. Very cool that you were able to grab those!
Ya it’s crazy how it just went OOS with no warning. Curious to see if it comes back
Hello from France, Jake ! It happened with the Stardestroyer, here in Europe. Sold out in september, lol.
The UCS one? For retail? That's crazy
Love all these videos and I have purchased several sets I would normally avoid as some investments!
Quick questions, with the leak of a Medieval square/shops happening in 2024, do you think this will help or hinder the medieval blacksmith? I want to get two more of that set!
Thanks as always and look forward to more videos!!
Personally it should help unless the figures are the same in both sets!
I have 3 and just sold one for $999. This was before I even knew they were sold out. I am holding on to the other 2 for at least a year to see this thing soar.
WOLF! WELL DONE!
A good indicator that it's not coming back is that on the actual item details page there is no Notify Me selection where you can sign up for an email when back in stock.
Oh i didn’t notice that! Great point
Great video as always Jake, keep up the good work! I'm based in the UK and have x3 of these. Who knows how it'll appreciate but fingers crossed. Very jealous of your Porsche 911 GT3RS LEGO by the way!
Hoping they take off! Thanks Russ!
Colosseum has been sold out for weeks! Was REALLY hoping to pick one up as a collector. But like you I thought it would go on sale for sure on Black Friday. Still scratching my head on this one.
Same! Do you have a legoland near you?
@@JakesBricks unfortunately, I do not. The Pacific NW is not weather friendly for theme parks. lol The LEGO Influencer @BrickQuest just released a video on this very subject of the Colosseum being mysteriously Out of Stock in the USA. Maybe LEGO has a new marketing scheme - b/c this is the most chatter the Colosseum has received since its release.
In early 2022, Walmart was selling the Friends Treehouse set for 50% off and it had just been released. It sold out everywhere by the first week of November and was selling 20% over it's msrp online. I don't scoff as much at Friends sets now. It's still available so I'm curious to see if that happens again this year. I'm pretty sure MandR did a drop video of a Colosseum set a while back so I wonder if that was a mistake now also.
Friends sets have always been tough for investing and re-selling
When I was at that toy store that had every ucs set except the venator, they also had the ucs x wing which lego labels as exclusive, also the hocus pocus that’s exclusive. I guess they are not exclusive right?
Exclusive doesn’t mean what it used to mean. Most of the time that means LEGO.com exclusive but that hasn’t been true over the last couple years
You’re a class act and no worries it is what it is . As I stated many times I see long hold times as with the he world burning and the economy looking really bad
Ya bad economy means there is likely no way this set gets above $1200 any time soon but who knows in todays world.
Just a potential FYI, I work for a large retailer and when people order online, those orders are shipped from the stores. I would be shocked if Lego didn't do the same (at least when inventory is exhausted from their distribution centers).
Haven't ever heard of LEGO doing that but wouldn't be surprised if they started
There's now a Legoland here in New York State but I haven't visited yet.
Yes I totally forgot about the new NY Legoland
Very good tip! I live very close to a legoland discovery center and when I saw the colosseum sold out, like you, I panicked! I went the next day to check if they have it bc normally they sell sold out lego's there for a month or two after it sells out. But long story short they didn't have any, but I was surprised to see they had 2 camp nou's in stock. I'm guessing some other investors also had the same idea to check legoland because I don't know who would buy the colosseum there (at my discovery center, it's mostly just families buying small lego's for their kids, not people buying millennium falcons and colosseums and those kinds of legos). I remember they had a star destroyer there in march or something when it had sold out last november. I hope I can find some for a good price at some point bc I think they will be a great investment.
Also thanks for all of your great videos! I enjoy watching them and getting ideas!
Dang sorry you missed out on the colosseum. Crazy they still have camp nou! Appreciate the comment 💪💪
I had the same sentiment on the Star Wars Scythe set. Came on my radar too late and was on sale for 70€ in a local big retailer, managed to only pick up 1 cause they were almost out of stock. Couple of days later it was sold out at Lego site. This left me being bummed out cause the set is already sold out. A couple of days later amazon did a flashsale for 70 euros (+7% cashback) so I was able to pick 10 more, should have bought 30 xD. The shelflives on the Scythe and Diorama's are so short!
Ya that Scythe is hard to come by even in the US right now. Could also be a big winner
what do you think of 10318 concorde. It's exclusive to lego, $200.00 mid range, currently back order, only issue is the retired date.
I love this set and I am actually planning to build it on my youtube channel. But it will be on the market for at least two years so talking about it for investing is unwise at this point bc we don't have any sales yet, other retailers selling, etc. Check back in with me in 1.5 years
There’s another Legoland in Goshen, NY. I’m headed to the one in FL tomorrow. Maybe I’ll get lucky.
Forgot about the new NY LEGOLAND!
Wow...didn't realize how high the value of this set had already reached. Now I don't even know if I want to build this set either...crap. Good stuff!
It's crazy! Decisions for building are always the hardest!
It’s still available in uk
Over here in Europe there is still loads, I guess there may of been a limit amount in the US.
I would by if only collecting landmarks LEGO.
The first Taj Mahal sold because people, not necessarily collectors were buying it for culture purpose or display.
I don't believe the Colosseum will resell well in Europe.
Yep, just checked. Easily available on the German market.
Ya sounds like it is readily available in Europe... Must be different demand in different markets
@@JakesBricks In the end, you can only give advice for your domestic market. It is just good to keep in mind to maybe look at other markets to consider a purchase.
@@ThomasKnip tbh I’m surprised at how many people outside of the US watch my videos! So that’s neat and yes great to remember
@@JakesBricksLego community is international, so I like to keep a broader view. 🙂 And your insight is very much welcome, also abroad!
Hi here from Germany Jake, thank you for your Videos. The Colloseum is still in stock at Lego here in Germany 🤔, 550€. Maybe I should buy some now.
Sounds like it is readily available in Europe so I am curious if the demand will be higher in US because of the limited availability... But might be worth keeping an eye out for discounts in Germany
It is still available on Lego Mexico for 13.000 pesos and even all over Europe. US fomo makes prices skyrocket now and in some weeks it’s worth less than list price…
True it may come down a bit but I sought we see a restock of this set so the US market May go higher and higher. We will see
It still is available in Europe. Also Ebay sales here are not (logically) at the level they are over in the US. Don't have the storage space for this set, so still a pass for me.
Ya the European market may be different for this set for sure! I would wait for discounts if you can
I have an interesting question. How are you selling really expensive Lego sets in a safe way without getting scammed? Have you been scammed before? I have a few really expensive sets that I want to sell but I am worried to get scammed.
Facebook Groups and Ebay have been pretty reliable for me. When selling large sets I like to check their feedback. If they don't have any feedback I messaged them and confirm details before sending
I find one at 15% off,2/12/23...the last one.Happy Christmas!
NOICE!
In Italy easy available..shelves are full of them..
Ya I am curious if this is more or less desirable in Italy? Maybe if you can see the real thing you don't need the LEGO set??
Still available in the Netherlands on Lego site
Ya seems to be available in the EU still
I think your advice was spot on, I don't think most people were feeling positive about this set. Also, this past week the UCS Gunship was on sale for $279.99 and sold out, but now it is showing Backorder. So maybe the Colosseum will show up again before the end of the year.
Ya that was surprising to me that LEGO discounted it (likely to move some stock and then brought it back at MSRP to likely sell through the rest towards the end of the year) curious to see if the colosseum comes back
It’ll be back. Sets going to sold out have come back recently. I guarantee you it will be on backorder soon.
Sets do come back yes! I don't know if it is as common as you think though. I would be surprised if this sets pops back in stock... but we will see I've been wrong before (See video above) hahaha
Thanks, Jake! You're great )
Appreciate it Klamul!
Well damn i live in london and its still available on the lego website i may have to pull the trigger on this 1👀
Sounds like Europe has a lot more stock than the US... maybe wait for some discounts
Excellent bud man.
💪💪
You just did it, so we all avoid it 😂 So more sales for you! 🎉
I guess hahahaha!
hi jake im from europe and we have it in stock. Do you have it in stock now or not?
Still no… but seems to be widely available in Europe still
I think it was you that recommended we buy Lego Disney Brickheadz 40622. Not certain though. I went out and bought them and they have constantly been available at a reduced price everywhere since lol.
Truth! It's lingering longer than I thought. We may have to be more patient with that one for investing.
Hi Jake, I can get my hands on a couple for €550. But I live in Europe… think I can still sell them and make profit on for instance eBay?
So I might wait if you are in Europe. It sounds like the inventory is much more accessible for this set across the pond. Maybe keep an eye out for some discounts.
I can still buy 5 on my online lego site, this is because I live in Europe. How does the scarcity on the American market compare to the European market?
They do tend to differ at times but this is one of the larger discrepancies I have seen
Dont know but in my market LEGO itself is still selling the Colosseum (not out of stock). Would be surprised if ppl on ebay actually pay 900 when it's readily available across the border for 550 EUR. That some guys ask 900 doesn't mean it sells for that.
True but to ship it from the EU you are paying at least $200-$250 in shipping alone. So at that point its sometimes safer and easier to buy here for a massive up charge
Hi Jake, I can still see some available but it’s an expensive set to drop money on plus we must remember who will want to drop £800/$1000 on the colosseum in the future. It’s not a Star Wars set and could you spend £475/$550 on other sets that would make you as much ?? That’s my dilemma. Always great to watch your channel. I hope one day you will do a collection tour.. you look like you have a huge basement for all your sets. Thanks
True it is not Star Wars... I certainly don't think it will get to $1500 any time soon but if it truly is out of stock, at least here in the US, it will probably slowly increase in value
Why do lego stores, ( at least my lego store), not carry some sets for their whole lifespan. I understand they have to have room for new sets,but they haven’t had the gunship in a long time. I had to order that one online. But they still have the falcon, AT AT, and some other sets that have been out for a while. Also how do toy stores make profit on lego sets. I was at my local toy store today and they had every ucs set, harry potter set, almost every Star Wars set, pretty much all themes, and all the big huge creator expert sets. But they were all at the same price that lego sells them for. Wheres the profit?
Trust me! They understand supply chain and sales data way better than we do. What doesn’t make sense to us makes sense to them. That are in the money making business and whatever makes money they sell
Hi there! A remark from the Netherlands here. It's still in stock here and all across Europe as well. Italy, Spain, Belgium all still have them in stock. Might be valuable information before going all in on a set like this. I personally don't think they are getting sold out that quick on this side of the ocean...
Ya there are typically some discrepancies between US and EU but this might end up being one of the largest
There are tons of them in Europe at MSRP 😉 Locked at max. 5 to buy in LEGO online store.
Ya Hopefully you will be able to get it on discount since it is so readily available in Europe
@@JakesBricks To big to store it 🙃
@@m_afol makes sense! It is masssssive
Hi Jake, in Italy this is actually available for 550euro on official site, but: BL European minimum for a MISB is 500-550 euro (already near RP), eBay European minimum 650-700 euro, local Italian markets 500-600 euro.... not bad for a monument without minifigures on shelfs for 3 years..
Sounds like it is readily available in the EU. I’ll be curious to see how the markets differ post retirement
@@JakesBricks I think you didn't make any mistakes in the previous video, if you invest you should never get caught up in the anxiety of buying. We only have three monuments as examples that have reached huge prices, the Lego 3450 Statue of Liberty, the Lego 10181 Eiffel Tower and the Lego 10189 Taj Mahal. However, those were very different eras from today, where the print runs of the sets were much lower, my advice for everyone is to invest in Legos that have already been withdrawn from the market. Go strong Jake!!
@@ciankslotty hmmmm that’s an interesting strategy that I have only explored a few times but it might be worth making a video about
LOL, I have 30 of these bad boys bought @ $420 each. Should I flip them for instant $$$ or hold a little longer?
That's a decision you have to make. $420 is an amazing Buy in! And you could make easy money right now
@@JakesBricks I'm planning to hold for at least 3 years. There's still plenty of stock available at around $480-$500 here in my country. Actually this set can be bought at even lower price earlier last year but I somehow totally forgot about it until December. LOL.
Come to Denmark, its still available on the Lego website 😉
See you soon! Ha!
It is THE COLOSSEUM…
Yes... Yes it is!
great video
Thanks!
Still available in uk
How bout now?
Would picking up a used one for $240 with instructions only be worth it?
Yes I say very worth it.
Absolutely!
Definitely!!
They're still available in lego spain for 549 euros
Yes sounds like a bunch of stock in Europe still. Maybe wait for a discount
I just looked at the lego store site and it is in stock.
I am guessing you are in Europe. Looks like it is still sold out in the US
Stil available in the Nederlands
Sounds like it is available all over Europe
In europe its still on stock
Yes looks like many European stores still have it. Might have to wait for discounts in Europe
LEGO shop in Europe still has plenty. I can find them new at local shops for around 400-450 euros. Second hand market starts around 275 euros. Gonna pass this set, sorry
Woah completely different markets. 275 Euros is crazy!
There will probably be one last production run for the set before end of the year. I would still avoid.
Do you know something I don't know... ?
@@JakesBricks If the set retires on 12/31, then there is typically enough room for one more production run. What’s likely is the high price on ebay was a result of a panic buy with the surprise sellout coupled with the fact that resellers had not flooded the market because they did not get wind of a quick flip because their expectation going in to buy the set was to hold. I have seen this many times with a lot of sets.
I think having one unit is a good idea.
@@somethingawesome9547 I guess we will see… if it doesn’t come back that we might have a big winner on our hands
Still available in Europe …
Yes apparently it is all over Europe. Curious if the demand will be higher or lower on that side of the pond
Its back in stock, us, German, Denmark, was this a joke?
Apparently it never went out of stock in Europe. But it is still out of stock in the US
I watched this video, and I PANICKED as well 😱
Just checked it’s around $500 for me now…but probably wouldn’t be able to touch $900 for my local market which is smaller than the US so might not be worth investing for me…
Where do you live?
@@JakesBricks Southeast Asia so we don’t really have the volume and market here to drive it up that much unfortunately.
Still in stock at Lego Europe
Yes sounds like Europe has plenty of stock still
Uk is stock
Yes looks like most European countries still have it
I just don’t get it. The set was available for 3 years so everyone had a chance to order it. Why would someone want to pay an extra $300-$400 all of a sudden when it sells out? Is it just other investors who wanted to grab it?
If you wanted to buy a set and it went out of stock and you didn't think it was going to come back 9 times out of 10 the cheapest time to buy it is right when it goes out of stock bc it will only increase in value. The real question is who is paying $900 for a set with just tan pieces ha!
@@JakesBricks haha exactly. I wonder how much it costs to order the pieces to build it
« Collectors and investors ». You mean scalpers, right?
th-cam.com/video/Xfn63YA6mW8/w-d-xo.html
I can literally walk into any LEGO store in Germany and buy it for msrp
Ya sounds like it is much more readily available in Europe vs the US
@@JakesBricks also online still available ;)
Just bougth One 😂
Are you in the US?
Jake, to admit your failures is amazing and what makes you one of the best. I just want to know when this set doesn't prove to be the best investment of 2023 will you come back and correct that too??
To just mention what the list price on Ebay is seems foolish. The only sets that have SOLD for over $1000 are from China and Japan with huge shipping cost.
All your original points remain valid. IMO!
I will absolutely come back and correct myself and I still have a fear it could come back in stock. And I agree I never go based on list price. Looks like the ones that have sold in the US are in the 800-900 range with shipping costs added. Also those shipping costs are absolutely crazy to China and Japan or vis versa. I believe this set only just went out of stock 5-6 days ago so I will be monitoring it closely.
no ones paying 1k+ for a lego coliseum
Some people already are! Or at least close to 1k
I still have zero interest in the colliseum, for myself or for selling. People buying them now are just suffering from FOMO
They might be! But if it doesn’t come back in stock in the US then it probably continue to go up in price
@@JakesBricks It will go up eventually, as 99% of them do. I just don't see the interest level being there. Reminds me of those soccer stadium sets that no one was excited about LOL...
In Europa it‘s no problem to get it. Even from Lego you can order 5 pieces. Actually your opinion was right at the time, because it’s also not fun to build it.
I still think that is true when it comes to the building experience! And sounds like it is still readily available in Europe
Market manipulation
Possibly!
Personally I haven't and still don't see this as being very desirable, simply because of the fact that 99% of the pieces are the same color, plus it's very bulky. I'm open to being wrong though
TBH I agree about the build experience and parts included. Probably won't be the best investment ever. But imagine if it gets to 1200 or 1300 hundred that's still a 4-500 profit which aint bad!
@@JakesBricks Yes, *if* anyone is willing to buy it
The Eiffel Tower is bigger than the titanic :)
HA! You are so right! I keep forgetting LEGO drops a new "Largest set ever" every year now! Thanks for the correction Buck
Jake, Colosseum 10276 is available in Lego stores all around the Europe for regular 549,99eur. It's not even on "last chance" yet..... Ebay prices like 1.000usd for not retired set are nonsense. What idiot (that you sold your sets to) is paying that amount for? Lego investing is beginning to be like blockchain coins / Ponzi scheme with no real value behind it and betting on you'll not be the last one in the chain...
I like that you're critical about everything so keep up, best regards!
It is on last chance in Belgium. Not sold out though...
Ya the "Last Chance" tag is limited to certain countries but it is definitely retiring. Here is why I would imagine someone paid me over retail for these sets. Let's say here in the US this set is actually retired and no other stock is to be found. I wouldn't imagine it will go down in value so now could actually be your best chance to get it "cheap." Certainly won't be available near retail if that reality ends up being true. But we will see
going for 700 lowest asked on bricklink rn
That’s not bad actually!
it was a huge risk. i would not afford to risk it on one item.
High Risk High Reward Maybe?
@JakesBricks yeah. it's basically like trading in stock market. no matter how much research you have done, what happens isn't always is what was expected. Sometimes people feel like buying or selling stock and that affects supply and demand. People who have more funds will risk more compared to people with lesser money.
@@hotcoffeeamericano truth! No
Investment is guaranteed
I wouldnt buy the set even if it came back for black friday.
Why not curious of your thoughts?
@JakesBricks because all the facts about it do not change. We don't know how much stock lego had. The fact that it's out of stock doesn't necessarily mean that people started buying it out of nowhere. It may mean that lego didn't bother to make more sets of it because it didn't sell well. I'm not that experienced in lego investing. I'm not saying that this is what happens, It's just a thought. I wouldn't buy it personally cause I'm not investing in expensive sets anyway. Maybe because it wasn't an option for many investors it will go well...who knows?
@@chaostade4087 I will say there are better options. So I like your critical eye 💪. But time will tell if this is a surprising winner. But if you know anything about the “betrayal of cloud city” it kind of had a similar story
From an investing / re-selling perspective, I’d still rather buy multiples of smaller sets that don’t take up as much space and are easy to ship. The Medieval Blacksmith is about as large as I like to invest in… that said, I wish I picked one up for my personal collection.
Agreed that these type of sets are hard to ship. But you have to take in to account the time as well. You can post one set for sale and make $300-$500 or sell 10-15 sets and make $600 which would you choose?
Classic FOMO.
A product sells out and peeps panic search and buy.
This set like other creator sets will probably do okay in the after market. But is it going to the moon? Probably not. Also the points about its size and challenge to ship still remain valid.
It’s too early to make a vid proclaiming to be wrong. You need really to wait a few years. Flipping for an easy buck is not investing.
You might be right. And I may be coming on here in 6 months to a year saying whoops. But if this set indeed is done in here in the US I definitely don't see it going down in value... So still could be a winner if stock dries up quickly
@@JakesBricks market will not reach equilibrium so fast. 18 months or so and you will know buddy.
Until you come up and correct yourself, uts only gaining respect in my eyes
💪💪
What you missed is tons of people overseas love this set
That makes sense!
Lol make sure you watch the whole thing ..... Nah
It was boring video anyway. You were right to skip it 💪
@@JakesBricks I think the Lego investment thing is overrated. Shipping and ebay's pound of flesh will dip into your profits. Unless there is some way of selling where you skip all the middle men..cheers bro.
@@Bill-mw7sh maybe your right but it’s way more fun to me than investing stocks