Lego is one of the biggest names in toy sets and building blocks. But Lego is no child’s play when it comes to its worth and resale value. A simple Google search will show you the value of Lego today as compared to the other commodities such as gold and silver. There's even talk of Lego’s value being higher than the value of gold at a point in time. But is it smart to invest in Lego? Well, let us break it down for you.
Lego As A Viable Investment?
Before investing in any form of investment, we need to know the rules of the game. Firstly, investments take time and effort. The concept of Time-Value of Money is something to be taken into account when investing and the same can be said about Lego sets. Going by that concept, what may be of value today may not be of value in about 5 years’ time.
Investments also come with risks. Higher returns come with bigger risks. If your risk appetite is big and you have financial backing, by all means, go ahead with the bigger investment. Hence, asking the question “Is Lego a viable investment for high returns?” may be subjective. But overall, there is no harm in trying. If you are a Lego lover or you want to try an alternative means of getting profit over time, here are some Lego sets that you may want to invest in.
Lego Star Wars
Currently the most popular in the lineup of Lego sets, Lego Star Wars sets have been known to fetch steep resale prices given their mint condition. The most prized among the Star Wars sets, the Lego Millennium Falcon (Ultimate Collector’s). The iconic spaceship navigated by Han Solo in the Star Wars Sequels and in the latest installment – Star Wars The Force Awakens. In mint condition, the Millenium Falcon can sell up to $7000 these days. Considering its initial retail price was $49 when it debuted in 2007. Imagine the investment returns on that!
Others that sellers have gained profit on include the Star Wars Imperial Star Destroyer and Death Star (much like the one featured in Spiderman: Homecoming movie). Until today, Star Wars Lego sets are considered some of the best-selling products under Lego’s repertoire.
Lego Taj Mahal
Lego has launched some interesting sets in the past few years. Enter the Lego Taj Mahal set. Under the architecture series, the Lego Taj Mahal was launched at the price of $299 in 2008 and currently sells for about $2530 brand new and $864 used. Of course, the set will retain a higher value if it is kept unboxed. The Taj Mahal Lego set contains 5922 pieces and weighs 6.40kg making it perfect for a display at home or in a showroom. This then becomes the fuel behind its price on the secondary market. With prices that may fetch up to $3500 with the highest bidder, you will get your money’s worth should you choose to invest in it.
Lego Statue of Liberty
It would be an absolute steal to find this set in stores today. Valued at about $2600 on eBay, the Lego Statue of Liberty finds its way into our list as one of the most valuable Lego investments. Originally retailed at around $200 the multiplied over 13 times its initial value. Made from 2882 bricks, the iconic monument has seen a steady rise in prices not only in the US but around the world. It’s no surprise then that this set is one good investment.
Now that you know more about these 3 Lego sets as investments, you may want to try your hand at investing in Lego. Here are some tips to get you started.
- Buy on discount. Only choose the set if it is within your allocated budget. This will keep your entry sum a minimal.
- Understand your investment. Read and watch the target market in terms of prices and trends in fluctuating Lego prices.
- Buy sets in brand-new condition. Purchase your Lego sets from an authorized retailer and be sure to check its condition before making a purchase.
- Limited edition sets are worth more, but they also cost more. So be wise with your purchase of these sets.
Now you are ready to invest in Lego. Good luck!