Lego toys, specifically those that were manufactured just past the year 2000, have gained in value significantly, according to the Telegraph. In fact, according to the numbers, there had been a 12 percent increase per year on the value of these Lego sets kept in pristine condition. Most notable of the sets is the Star Wars flagship piece of the Ultimate Collector’s Millennium Falcon which is valued at £342.49 ($510 USD).
Amazon has the Lego Millennium Falcon on sale for around $6,700, and also has a few other Star Wars sets for quite a hefty price tag. Of course, the best price can be achieved by, as always, making sure the Lego sets have been kept in its box.
Some may have recalled this valuable collectible having been dropped by Harrison Ford on the Conan O’Brien Show, when the show’s associate producer, Jordan Schlansky, asked for it to be autographed.
Facebook user and Lego advocate Art Hughes seems to have proven his gift of foresight regarding the comparison between appreciation values between gold and Legos. Hughes cited a church leader who kept pressing people in the community to invest in gold as this would be a wise choice and laughed at Hughes’ Lego idea. Hughes finally got his “I told you so’s” on social media.
“Approximately 7/8 years ago, we had a Church Leader that kept harping on us to BUY GOLD! This was the BEST investment for the future (he said). I told him (at the time) that many of my Legos have appreciated more than Gold has and that it will have more future wealth than gold too. Some agreed with me, some disagreed, and he flat out laughed at me.”
It’s amazing how such Lego toys have an ROI (Return On Investment) that can be attributed to a child’s toy. But as with anything out on the market, there are things that are hot and things that are not.
This 12 percent increase is quite impressive, and according to the Telegraph, even the second-hand sets increase in value for those that go out of production. Ebay sales for Lego toy sets are quite phenomenal.
“Modern sets are performing even more strongly, with those released last year already selling on eBay for 36 per cent more than their original price.”
Upon comparison to gold, there had only been a 9.6 percent “annual gain” in the past 15 years. Even shares in stocks and other investments aren’t as high as Lego investments either.
The demand for Legos and its corresponding value can be attributed to retiring certain sets at the end of a movie run like Star Wars, which yields the most popular of the Lego sets. Other non-Star Wars-related sets either entail certain landmark pieces like India’s Taj Mahal or iconic brands like the Volkswagen. Perhaps the highest return on investment on a Lego set yet was the “Cafe Corner” which had a 2,230 percent increase since having gone out of production.
— US Lego Sales (@USLegoSales) December 15, 2015
Lego sets’ return on investment can be attributed to the fact that sets get retired after they had run their course. License also expire. Other reasons could also be when popular movies say good-bye or when the Lego company simply wants to go out with the old and start anew. This could bode well for those who have kept these sets around.
Founder of Brickpicker.com, Ed Maciorowski, discussed his thoughts on the matter:
“The neat thing is that all sets are retired at some point, and several hundred are retired each year a movie run ends, a licence expires or the Lego company wants to refresh its range. That means anyone with a set at home – large or small, it doesn’t matter – could have quite an investment on their hands if it’s in good condition, as this stuff appreciates very well in value.”
This is good news for Lego collectors. The only bad news is the fact that anything that goes way before the Lego year 2000 manufacture date is not really worth much at all, according to the Independent.
[Photo by Bethany Clarke/Getty Images News]