| Discussion Forum: Thread 359809 |
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| | | Author: | tommycarstensen  | | Posted: | Jul 8, 2024 17:46 | | Subject: | Part out value statistics | | Viewed: | 127 times | | Topic: | Selling | |
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| Hey all. I have recently wondered what sets might have the best return on investment
in terms of parting out and selling. I did a quick draft today:
https://tommycarstensen.com/lego/part_out_stats/
Would this be useful to anyone? I think it would be helpful to plot the part
out value as a time series as well. But alas I only have data for a single day
so far. I was also thinking of doing a weighted score based on how many parts
of each type have been sold in the previous six months. Nobody wants to sit on
inventory with lots of unique parts that don't move for years.
I've only included sets from 2022, 2023 and 2024 still available from shop.lego.com.
I've assumed the pieces are new.
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| | | | | Author: | TheBrickGuys | | Posted: | Jul 8, 2024 22:12 | | Subject: | Re: Part out value statistics | | Viewed: | 52 times | | Topic: | Selling | |
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| In Selling, tommycarstensen writes:
| | Hey all. I have recently wondered what sets might have the best return on investment
in terms of parting out and selling. I did a quick draft today:
https://tommycarstensen.com/lego/part_out_stats/
Would this be useful to anyone? I think it would be helpful to plot the part
out value as a time series as well. But alas I only have data for a single day
so far. I was also thinking of doing a weighted score based on how many parts
of each type have been sold in the previous six months. Nobody wants to sit on
inventory with lots of unique parts that don't move for years.
I've only included sets from 2022, 2023 and 2024 still available from shop.lego.com.
I've assumed the pieces are new.
|
One issue with paying full MSRP for sets and parting them out is that they are
usually not very profitable. We only buy sets that are on sale so that they part
out value is at least 2.75 times the price we are willing to pay. So for an example,
if we buy a set for $60.00 (not including tax) then it has to have a part out
value of at least $165.00.
Sometimes we will buy sets with a lower part out ratio if the set has allot of
good bricks and or plates or it the set has allot of light and dark bluish gray
pieces.
We also try to buy a minimum of 3 of each set so that sorting out all the different
pieces is worth the time spent.
Jim
Jim
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| | | | | | | Author: | Nubs_Select | | Posted: | Jul 8, 2024 22:14 | | Subject: | Re: Part out value statistics | | Viewed: | 42 times | | Topic: | Selling | |
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| In Selling, TheBrickGuys writes:
| | In Selling, tommycarstensen writes:
| | Hey all. I have recently wondered what sets might have the best return on investment
in terms of parting out and selling. I did a quick draft today:
https://tommycarstensen.com/lego/part_out_stats/
Would this be useful to anyone? I think it would be helpful to plot the part
out value as a time series as well. But alas I only have data for a single day
so far. I was also thinking of doing a weighted score based on how many parts
of each type have been sold in the previous six months. Nobody wants to sit on
inventory with lots of unique parts that don't move for years.
I've only included sets from 2022, 2023 and 2024 still available from shop.lego.com.
I've assumed the pieces are new.
|
One issue with paying full MSRP for sets and parting them out is that they are
usually not very profitable. We only buy sets that are on sale so that they part
out value is at least 2.75 times the price we are willing to pay. So for an example,
if we buy a set for $60.00 (not including tax) then it has to have a part out
value of at least $165.00.
Sometimes we will buy sets with a lower part out ratio if the set has allot of
good bricks and or plates or it the set has allot of light and dark bluish gray
pieces.
We also try to buy a minimum of 3 of each set so that sorting out all the different
pieces is worth the time spent.
Jim
Jim
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also an "issue" with new sets is the partout value can easily be skewed
when a part that used to be valuable is rereleased which drops the value
nubs
nubs
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| | | | | | | | | Author: | TheBrickGuys | | Posted: | Jul 8, 2024 23:10 | | Subject: | Re: Part out value statistics | | Viewed: | 59 times | | Topic: | Selling | |
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| In Selling, Nubs_Select writes:
| | In Selling, TheBrickGuys writes:
| | In Selling, tommycarstensen writes:
| | Hey all. I have recently wondered what sets might have the best return on investment
in terms of parting out and selling. I did a quick draft today:
https://tommycarstensen.com/lego/part_out_stats/
Would this be useful to anyone? I think it would be helpful to plot the part
out value as a time series as well. But alas I only have data for a single day
so far. I was also thinking of doing a weighted score based on how many parts
of each type have been sold in the previous six months. Nobody wants to sit on
inventory with lots of unique parts that don't move for years.
I've only included sets from 2022, 2023 and 2024 still available from shop.lego.com.
I've assumed the pieces are new.
|
One issue with paying full MSRP for sets and parting them out is that they are
usually not very profitable. We only buy sets that are on sale so that they part
out value is at least 2.75 times the price we are willing to pay. So for an example,
if we buy a set for $60.00 (not including tax) then it has to have a part out
value of at least $165.00.
Sometimes we will buy sets with a lower part out ratio if the set has allot of
good bricks and or plates or it the set has allot of light and dark bluish gray
pieces.
We also try to buy a minimum of 3 of each set so that sorting out all the different
pieces is worth the time spent.
Jim
Jim
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also an "issue" with new sets is the partout value can easily be skewed
when a part that used to be valuable is rereleased which drops the value
nubs
nubs
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What he said.
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| | | | | | | | | Author: | tommycarstensen | | Posted: | Jul 9, 2024 04:57 | | Subject: | Re: Part out value statistics | | Viewed: | 36 times | | Topic: | Selling | |
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| In Selling, Nubs_Select writes:
| | also an "issue" with new sets is the partout value can easily be skewed
when a part that used to be valuable is rereleased which drops the value
nubs
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True. I noticed that with 21061 Notre Dame.
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| | | | | | | Author: | peregrinator | | Posted: | Jul 9, 2024 05:58 | | Subject: | Re: Part out value statistics | | Viewed: | 44 times | | Topic: | Selling | |
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| In Selling, TheBrickGuys writes:
| | We also try to buy a minimum of 3 of each set so that sorting out all the different
pieces is worth the time spent.
|
I like to do 3 as well because it's a small prime number and this helps with
counting (every part should be in multiples of 3). Five would also work.
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Denmark
USA, California
Canada, Ontario
