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The demand for such items (in addition to the rise in costs) is excessive in creating nations resembling China, Russia and nations within the Middle East.
“We're used to thinking that people buy things like jewelry, antiques or works of art as an investment. However, there are other options too, such as collectible toys. Tens of thousands of offers are made on the LEGO secondary market. Even considering the low prices of most sets, this is a huge market that is not known to traditional investors, ”mentioned Victoria Dobrynskaya, one of many research's authors and affiliate professor within the Faculty of Economics.
The fast rise within the worth of toy units can have a number of causes. First, they're produced in restricted portions, particularly particular collections devoted to iconic movies, books, or historic occasions.
Second, the variety of units out there on the secondary market will not be nice: many homeowners see no worth in them (and lose or throw away components), whereas others, quite the opposite, admire them and don't wish to promote them.
Third, toy units have been made for a number of many years and have many followers. It could be assumed that the extra time has handed since manufacturing, the extra the set will probably be appreciated as a traditional sample or nostalgic object.
However, there have been no scientific research to help this assumption.
To affirm this assumption, the researchers appeared on the costs of two,322 LEGO units from 1987 to 2015. The dataset contained data on main gross sales and on-line public sale transactions (solely gross sales of latest, unopened units have been chosen).
Secondary market costs usually begin rising two or three years after a set is retired, however returns differ between -50% and + 600% yearly.
The costs of small and really giant units are rising sooner than the costs of medium-sized ones, most likely as a result of small units typically comprise distinctive components or figures, whereas giant units are produced in small portions and are extra engaging to adults.
Prices for themed units devoted to well-known buildings, common movies, or seasonal holidays are inclined to see the best progress within the secondary market (the costliest embody the Millennium Falcon, Cafe on the Corner, Taj Mahal, Death Star II, an Imperial Star Destroyer). ).
Another engaging class are units that have been issued in restricted editions or distributed at promotional occasions: rarity will increase their worth from a collector's viewpoint.
Additionally, LEGO toy costs are weakly inventory market dependent (they even rose through the 2008 monetary disaster) and are comparatively low in comparison with artwork, antiques and automobiles, making them a dependable and accessible type of funding.
Despite the excessive profitability of LEGO units within the secondary market normally, not all units are equally profitable and one must be an actual LEGO fan to type by the market nuances and see the funding potential in a specific set.
Source: Medindia
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