$50,000 LEGO Haul SOLD! How Much Did I Make?
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- เผยแพร่เมื่อ 1 ต.ค. 2024
- In August of 2019 I purchased a LEGO haul valued at over $50,000 at an auction. We sold all the major sets in this haul in just about a year and a half. In this video we will let you know the purchase price of all the major sets in the haul as well as what each set sold for in the haul. This will give you an idea of how much profit was actually made on each set and hopefully help give you some insight into your future LEGO investing.
Wow! Congrats on those deals. I would have loved to hear the total ROI of all those sets...
Thanks! I should have thought about that. Might have to do another video in the future with all full details of ROI.
Some great deals! Was expecting a final total at the end (little sets/loose parts not included)
Good question! Total expenses on this portion of the haul (larger sealed sets) was right around $12k and then profit was right around 9k. Used sets/smaller sets/sets I kept for my collection and all piece bulk lots not included.
Man, I would be scared to death selling a $2k+ set online. With my luck that would be the one where the buyer claims they received an empty box filled with GI Joe packs.
can you have a reasonable business insurance in case that happens?
I know. That definitely crossed my mind. I tried to deal with people that seemed like legit buyers. I also chose no returns on the purchases, as well as documented everything from packing to shipping as best as I could. So far no issues, but I know that’s always a possibility.
@@AlecFortescue I haven’t looked into anything like yet but it’s not a bad idea to explore that as an option for expensive items.
People paying that much would be collectors though and would be appreciative of just getting the set they wanted.
Have you ever lost money Lego investing? It seems like if you can buy any set at retail, over time, they'll all eventually go up. But that's just this newb's perception right now.
Good question Adam! There have been some sets overtime where I made little to no money. Never had a significant losses on a set though. I thinks it’s just a matter of finding the popular sets and paying as low a price as possible to mix maximize gains.
NIce Vid, fast and clear explanation.
Thanks Marco.
great video! very informative, avid seller on ebay myself and this is useful. havent jumped into lego yet
Thanks! Awesome! I didn’t know that you sold on eBay. Well as you probably already know, definitely some good money to be made on Lego.
Very good vid👌 a question: I want to start lego investing, what sets should I buy, I have seen all of your vids but I still don't know
Thanks! I would start with some of the sets in my top 10 list video that are about to retire and will most likely be discounted moving into the holidays. Here is the link: th-cam.com/video/xOBdmoHnTQg/w-d-xo.html there is also 3 bonus budget set options at the end of the video.
Very detailed, good job with the video. Wondering what the average hold is for these sets? Was it more than 2 years?
Thanks! Good question. Since I purchased the collection with most of the sets being already retired, I listed them for sale immediately. The entire list was resold in 1-1.5years after I purchased.
@@TheBrickQuest wow not bad at all 1.5 years to double your return is very good! I must learn more about lego need to diversify my investments
Great Video, the auction where you get all this sets was in eBay?
No. It was actually a private auction that was done at an auction house in South Carolina.
It would be fun to see you do a twitch live stream il be down to that
Cool! That’s a good idea. I’ll have to think about that and maybe do something in the future.
@@TheBrickQuest also maybe do a big spreadsheet where we can see how much profit in total after all
Congrats man. That is awesome!
Thanks Greg!
Better find a job :)))
👍
People that complain about LEGO prices don't know how expensive they get later! Buy as many as you can directly from LEGO, always cheaper :)
Very true! Prices sky rocket in the long term on these popular retired sets! Get them while you can.
Awesome video/info. I think putting it in excel/google sheet will make everything so much easier…
Thanks Robin. Very true!
Amazing video, Lego is a better investment then gold 😅
Gold is not a investment... Gold is only for hold value.
I agree 100%! Lego is a great way to make money!
True! Gold is a good way to protect capital and hold value.
What auction do you go to???
It was a private auction house down in South Caroline.
I'm a proud owner of a market street and cafe corner modular but I don't think I'll sell them.
Awesome!! Amazing sets! I have a feeling they are only going to get more and more valuable!
Where do you go for Lego auctions? Just Ebay? Where did this haul come from?
Not eBay. I got this lot from a private auction house in South Carolina. They did the auction online and I bid remotely and then went and picked everything up.
Great video and congrats!!
Thanks Keith!
What auction did you buy these sets at?
This was actually a private auction down in South Carolina. They did the bidding online and then I was able to go and pick up the items I purchased in person.
@@TheBrickQuest Where do you find auctions like these? Any specific sites you look at?
Ballin! Strong video bro 💪💪💪
Thanks Jake!
Good video!!
Thanks Bob!
👌👌👌
Thanks!
Good stuff. Where do you find such a lego auction??
Thanks Jason! It was actually an auction done by a small auction house down in South Carolina. It was advertised on one of the LEGO pages I follow a few years back so I bid on a lot of the items.
What the hell kind of fees you have in the US if you paid 600 ish in fees on the market street??? 😲🤯
It wasn’t quite $600. It was a combination of about 15% selling fees plus shipping and taxes. Not cheap when you sell a set that expensive.
@@TheBrickQuest still crazy though. On the Swedish equivalent of eBay the fee is 10%, capped at 20$. Sounds rough to make a profit with no cap and 15%. I guess the upside is that the US is huge!
Great video on many of the high dollar sets even if they aren’t high percentage returns that’s ok because the dollar clicks are bigger nice job
Thanks! It was a fun experience to document and make some money along the way.
Wow that is a lot of rare sets. I wonder where you bid those sets since they cost so much on ebay or bricklink.
It was a local auction house in South Carolina that sold off a Lego Collectors inventory.
You know economics are way off when 49% profit is "not too well".
How true! People in the stock market would love that kind of return. Lol
@@TheBrickQuest in the stock market people run 17 trillion each day not few hundred every couple of days... haha
Most of his profit had 40% profit
Was this auction online aka eBay or was it in person?
It was an online auction that was done by a private auction house down in South Carolina. They liquidated a Lego collection from a collector.
Hey. It was fun to see how you did. I have one question though. When you say you got all this tuff at auction, what do you mean? Did you go to a physical auction and live bid or was this online? Just curious. Keep up the good work.
Thanks Michael! So it was an auction that was done online. The physical auction house was based in South Carolina and they used an online site to list and complete all the bidding on the LEGO sets.
@@TheBrickQuesthow did you find out about the auction and how can someone look for upcoming auctions like this?
@@BeastReview he probably won't tell you that would be more people going to this auction and him getting out bided and I don't blame him.
Subscribed for your honesty. Keep it up.
Thanks Michael! Just trying to share my real experiences so we can all learn.
Great video, really interesting! Keep up the great job
Thanks Harris!
What about VAT / sales or other taxes ?
Good question! All taxes/platform selling fees and shipping costs were deducted before final net profit numbers.
What was the total gain on 50k?
Total spent on everything was around 25k and I was able to double my money to 50k after expenses!
How do you ship all of the boxed sets, so they dont get ruined in transit ?
I myself have a bunch of lego sets misb, and would like to sell all, but im scared to mail them all.
So I bubble wrap heavily each sealed set. I then put it in a solid shipping box and make sure all air gaps are filled with shipping bubble and/or shipping paper. I want to make sure the set doesn’t move around in the box when shipping. Don’t pack it too tight, but make sure it’s snug. Then I put multiple fragile stickers on the outside of the box for the shipper. This has worked well for me so far. Nothing is perfect but do the best you can with those expensive sets.
There is always a risk. If you can find a local seller great, but if not Ebay and bricklink are your best bet. You will have a much wider audience. Hope this helps Ernestso.
@@TheBrickQuest thanks a lot man! Enjoy your weekend 🤟🏼
What about taxes???
All fees including taxes were taken into account.
nicely done! Did you insure any of the shipping on expensive sets? I've found the USPS rate of $1.70 per $100 value to be reasonable enough, though I've never had to submit a claim with them
Good question! On the very high dollar sets I do add insurance. It’s typically cheaper to ship large sets with UPS or FedEx and then I would add insurance if the set sells for more than $500.
First
Awesome!
Whats the total?
Good question. Total expenses on this portion of the haul (larger sealed sets) was right around $12k and then profit was right around 9k.
@@TheBrickQuest how many hours of work in total did you Put into purchasing an selling all These items?
@@krislampe7244 not much to be honest. I didn’t track it fully but I would say between purchasing, listing and selling, shipping, maybe 10 minutes per set.