Discussion Forum: Price Guide(Post New Message)
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 Author: 1001bricks View Messages Posted By 1001bricks
 Posted: Apr 27, 2022 07:11
 Subject: Re: Adjusting prices in bulk with Brcistore UK
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 Topic: Price Guide
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1001bricks (52400)

Location:  France, Provence-Alpes-Côte d'Azur
Member Since Contact Type Status
Sep 6, 2005 Contact Member Seller
Buying Privileges - OKSelling Privileges - OK
Store: 1001bricks
In Price Guide, Pippysblocks writes:
  Do any UK sellers know if you can bulk adjust stock in Brickstore to reflect
the UK 6th month ave. I've got it close but think it is still pulling in
the global 6th month average.
Thanks

You can't have a Country, Region or even with/without VAT price guide; as
BrickLink doesn't provide this information as is.
 Author: Turez View Messages Posted By Turez
 Posted: Apr 27, 2022 06:59
 Subject: Re: Price guide change USD to GBP
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Turez (43)

Location:  Germany, Niedersachsen
Member Since Contact Type Status
Sep 18, 2012 Contact Member Seller
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Store Closed Store: Zerut
BrickLink Catalog Administrator (?)
In Price Guide, Nordbart writes:
  In Price Guide, Turez writes:
  In Price Guide, LEGOLEGOUK writes:
  In Price Guide, Pippysblocks writes:
  Are you still logged in as if you log out it'll go to USD.

In Price Guide, LEGOLEGOUK writes:
  In Price Guide, LEGOLEGOUK writes:
  Hello, anyone know how to change USD to GBP in price guide?


Its still this same


I trye to log out and stay log on, its all time same (USD price)

The price guide currency is the same as your store currency, and for buyer accounts
it is always USD. So you have to upgrade your account to be able to change it.

My Price guide is in EURO and I'm no seller.

nordbart

Sorry I should have been more clear about this.

Yes, as a buyer you can change the currency for the normal price guide, but not
for the part out feature (and I think the question here was about that option
- see attached images).
 Author: Yogi_007 View Messages Posted By Yogi_007
 Posted: Apr 27, 2022 06:44
 Subject: Re: Price guide change USD to GBP
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Yogi_007 (2876)

Location:  Australia, South Australia
Member Since Contact Type Status
Oct 19, 2009 Contact Member Seller
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Store Closed Store: Yogi's Brick Den
  
  
  
  
  In Price Guide, LEGOLEGOUK writes:
  Hello, anyone know how to change USD to GBP in price guide?


Click on 'My BL'

Then click on 'settings'

Then select your preferred currency.

Save and your done

HTH

Yogi
 Author: hpoort View Messages Posted By hpoort
 Posted: Apr 27, 2022 06:42
 Subject: Re: Price guide change USD to GBP
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hpoort (413)

Location:  Netherlands, Groningen
Member Since Contact Type Status
Oct 11, 2014 Contact Member Buyer
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In Price Guide, Turez writes:
  In Price Guide, LEGOLEGOUK writes:
  In Price Guide, Pippysblocks writes:
  Are you still logged in as if you log out it'll go to USD.

In Price Guide, LEGOLEGOUK writes:
  In Price Guide, LEGOLEGOUK writes:
  Hello, anyone know how to change USD to GBP in price guide?


Its still this same


I trye to log out and stay log on, its all time same (USD price)

The price guide currency is the same as your store currency, and for buyer accounts
it is always USD. So you have to upgrade your account to be able to change it.

No, I - as a buyer only - see prices in EUR.
Both being logged in and not being logged in.

I believe you are right in that when you do have a shop, you can only see the
currency configured for your shop.
 Author: Nordbart View Messages Posted By Nordbart
 Posted: Apr 27, 2022 06:42
 Subject: Re: Price guide change USD to GBP
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Nordbart (20)

Location:  Germany, Schleswig-Holstein
Member Since Contact Type Status
Apr 19, 2013 Contact Member Buyer
Buying Privileges - OK
In Price Guide, Turez writes:
  In Price Guide, LEGOLEGOUK writes:
  In Price Guide, Pippysblocks writes:
  Are you still logged in as if you log out it'll go to USD.

In Price Guide, LEGOLEGOUK writes:
  In Price Guide, LEGOLEGOUK writes:
  Hello, anyone know how to change USD to GBP in price guide?


Its still this same


I trye to log out and stay log on, its all time same (USD price)

The price guide currency is the same as your store currency, and for buyer accounts
it is always USD. So you have to upgrade your account to be able to change it.

My Price guide is in EURO and I'm no seller.

nordbart
 Author: Turez View Messages Posted By Turez
 Posted: Apr 27, 2022 06:36
 Subject: Re: Price guide change USD to GBP
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 Topic: Price Guide
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Turez (43)

Location:  Germany, Niedersachsen
Member Since Contact Type Status
Sep 18, 2012 Contact Member Seller
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Store Closed Store: Zerut
BrickLink Catalog Administrator (?)
In Price Guide, LEGOLEGOUK writes:
  In Price Guide, Pippysblocks writes:
  Are you still logged in as if you log out it'll go to USD.

In Price Guide, LEGOLEGOUK writes:
  In Price Guide, LEGOLEGOUK writes:
  Hello, anyone know how to change USD to GBP in price guide?


Its still this same


I trye to log out and stay log on, its all time same (USD price)

The price guide currency is the same as your store currency, and for buyer accounts
it is always USD. So you have to upgrade your account to be able to change it.
 Author: LEGOLEGOUK View Messages Posted By LEGOLEGOUK
 Posted: Apr 27, 2022 06:26
 Subject: Re: Price guide change USD to GBP
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 Topic: Price Guide
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LEGOLEGOUK (30)

Location:  United Kingdom, England
Member Since Contact Type Status
Apr 21, 2022 Contact Member Seller
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Store Closed Store: AaA+++
In Price Guide, Pippysblocks writes:
  Are you still logged in as if you log out it'll go to USD.

In Price Guide, LEGOLEGOUK writes:
  In Price Guide, LEGOLEGOUK writes:
  Hello, anyone know how to change USD to GBP in price guide?


Its still this same


I trye to log out and stay log on, its all time same (USD price)
 Author: Pippysblocks View Messages Posted By Pippysblocks
 Posted: Apr 27, 2022 06:03
 Subject: Re: Price guide change USD to GBP
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Pippysblocks (4786)

Location:  United Kingdom, England
Member Since Contact Type Status
May 20, 2017 Contact Member Seller
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Store: Pippys Blocks
Are you still logged in as if you log out it'll go to USD.

In Price Guide, LEGOLEGOUK writes:
  In Price Guide, LEGOLEGOUK writes:
  Hello, anyone know how to change USD to GBP in price guide?


Its still this same
 Author: LEGOLEGOUK View Messages Posted By LEGOLEGOUK
 Posted: Apr 27, 2022 05:57
 Subject: Re: Price guide change USD to GBP
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LEGOLEGOUK (30)

Location:  United Kingdom, England
Member Since Contact Type Status
Apr 21, 2022 Contact Member Seller
Buying Privileges - OKSelling Privileges - OK
Store Closed Store: AaA+++
In Price Guide, LEGOLEGOUK writes:
  Hello, anyone know how to change USD to GBP in price guide?


Its still this same
 


 Author: Pippysblocks View Messages Posted By Pippysblocks
 Posted: Apr 27, 2022 05:52
 Subject: Adjusting prices in bulk with Brcistore UK
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 Topic: Price Guide
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Pippysblocks (4786)

Location:  United Kingdom, England
Member Since Contact Type Status
May 20, 2017 Contact Member Seller
Buying Privileges - OKSelling Privileges - OK
Store: Pippys Blocks
Do any UK sellers know if you can bulk adjust stock in Brickstore to reflect
the UK 6th month ave. I've got it close but think it is still pulling in
the global 6th month average.
Thanks
 Author: yorbrick View Messages Posted By yorbrick
 Posted: Apr 27, 2022 05:50
 Subject: Re: Price guide change USD to GBP
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yorbrick (1185)

Location:  United Kingdom, England
Member Since Contact Type Status
Apr 11, 2011 Contact Member Seller
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Store: Yorbricks
In Price Guide, novabrick writes:
  In Price Guide, LEGOLEGOUK writes:
  Hello, anyone know how to change USD to GBP in price guide?

https://www.bricklink.com/v2/settings/pref_settings.page

Top Left corner "Viewing Currency"

You can change to your prefered currency

Christian

novabrick-team

The other useful thing after doing that is to use the "group by currency" on
the price guide page. That allows you to split GBP transactions from USD, EUR,
and all other currencies. This gives you a good idea of what items sold for in
the UK, as most GBP transactions will be from UK sellers. It's not perfect,
but at least gives some idea about regional prices.
 Author: novabrick View Messages Posted By novabrick
 Posted: Apr 27, 2022 05:44
 Subject: Re: Price guide change USD to GBP
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novabrick (14557)

Location:  Germany, Schleswig-Holstein
Member Since Contact Type Status
Mar 12, 2007 Contact Member Seller
Buying Privileges - OKSelling Privileges - OK
Store: bunte-steine-aus-daenemark
In Price Guide, LEGOLEGOUK writes:
  Hello, anyone know how to change USD to GBP in price guide?

https://www.bricklink.com/v2/settings/pref_settings.page

Top Left corner "Viewing Currency"

You can change to your prefered currency

Christian

novabrick-team
 Author: LEGOLEGOUK View Messages Posted By LEGOLEGOUK
 Posted: Apr 27, 2022 05:39
 Subject: Price guide change USD to GBP
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LEGOLEGOUK (30)

Location:  United Kingdom, England
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Apr 21, 2022 Contact Member Seller
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Store Closed Store: AaA+++
Hello, anyone know how to change USD to GBP in price guide?
 Author: retrogirl83 View Messages Posted By retrogirl83
 Posted: Apr 22, 2022 09:43
 Subject: Re: Vintage Lego 1589 pricing help
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 Topic: Price Guide
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retrogirl83 (0)

Location:  United Kingdom, England
Member Since Contact Type Status
Apr 22, 2022 Contact Member Buyer
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Thanks for the info. Do you have any idea where would be a good place to try
and sell it? I’m not in a massive rush so happy to wait for the right buyer to
come along.
 Author: yorbrick View Messages Posted By yorbrick
 Posted: Apr 22, 2022 05:37
 Subject: Re: Vintage Lego 1589 pricing help
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 Topic: Price Guide
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yorbrick (1185)

Location:  United Kingdom, England
Member Since Contact Type Status
Apr 11, 2011 Contact Member Seller
Buying Privileges - OKSelling Privileges - OK
Store: Yorbricks
In Price Guide, retrogirl83 writes:
  Hi all, I recently discovered a vintage Lego 1589 set in my loft. It seems to
be brand new but the box has been opened. The contents is pristine and includes
all the appropriate pieces and stickers. It was also packaged with the original
box it came in from Lego. I’m not sure how to price this item as I can’t seem
to find one in this kind of condition online. I live in the UK. Would be really
great full of some expert help with this one please.

Many thanks

J

I think you'd have to sell it as used, as there is not really proof that
it is new if it has been opened, even though the stickers have not been applied.
There is another one in the UK for sale here at £270 with stickers applied. I
reckon you could stick it on ebay as an auction starting at probably £350 and
see where it goes from there, mentioning it is opened but parts look immaculate
and the sticker sheet is unused. I'd list it as used but say it looks like
new in the description. You'll have an issue that if you list as new as the
condition and someone gets it and complains that it has been opened. You might
get away with starting at £500 but a lower start price is likely to get people
interested.

Alternatively you could put a higher price as a buy it now and allow offers and
see if you get any.

But demand might not be there at a high price, given the part out value is quite
low (someone wanting the parts (without stickers) to build the set could buy
them for about £50). The only one that has sold here in six months was (likely)
from a Hungarian seller. You need to find a collector that will appreciate and
more importantly pay for the unused sticker sheet, box and instructions. There
are people that will, if you can find them!
 Author: retrogirl83 View Messages Posted By retrogirl83
 Posted: Apr 22, 2022 05:14
 Subject: Vintage Lego 1589 pricing help
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retrogirl83 (0)

Location:  United Kingdom, England
Member Since Contact Type Status
Apr 22, 2022 Contact Member Buyer
Buying Privileges - OK
Hi all, I recently discovered a vintage Lego 1589 set in my loft. It seems to
be brand new but the box has been opened. The contents is pristine and includes
all the appropriate pieces and stickers. It was also packaged with the original
box it came in from Lego. I’m not sure how to price this item as I can’t seem
to find one in this kind of condition online. I live in the UK. Would be really
great full of some expert help with this one please.

Many thanks

J
 


 Author: 1001bricks View Messages Posted By 1001bricks
 Posted: Apr 14, 2022 13:52
 Subject: Re: Ridiculous prices \ AVG Price's broken
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1001bricks (52400)

Location:  France, Provence-Alpes-Côte d'Azur
Member Since Contact Type Status
Sep 6, 2005 Contact Member Seller
Buying Privileges - OKSelling Privileges - OK
Store: 1001bricks
  The price guide suck in my opinion. How do you use it to value a set with defects
or was the AVG price had all defected sets and yours was not? Look at the current
listings.


Price guide is like the Argus for automobile.

It doesn't mean ANYTHING but it's very helpful.

Hoping it helps - even if I doubt it does
 Author: legoman77 View Messages Posted By legoman77
 Posted: Apr 14, 2022 13:46
 Subject: Re: Ridiculous prices \ AVG Price's broken
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legoman77 (3628)

Location:  USA, Texas
Member Since Contact Type Status Collage
Jan 22, 2003 Contact Member Seller
Buying Privileges - OKSelling Privileges - OK
View Collage Pic
Store: 77's Bricks & Sets
In Price Guide, RuiBraga writes:
  Hello guys,

Can someone check this store 613 Bricks (https://www.bricklink.com/store.asp?p=613)
The prices are insanely high and it will break the purpose of the avg prices.
Example:
Queen Anne's Revenge
Lot ID: 288191095 Item No: 4195-1
Price:
US $64,990.00
(~EUR 59,700.8515)

Please investigate.

Thanks.

I never used the average price function. I pulled up what was listed and priced
accordingly. Price depended on whether I wanted to be the lowest price and sell
quickly or somewhere in the middle if I wanted to reply on my reputionation and
feedback and no rush to sell.
The price guide suck in my opinion. How do you use it to value a set with defects
or was the AVG price had all defected sets and yours was not? Look at the current
listings.
John P
 Author: yorbrick View Messages Posted By yorbrick
 Posted: Apr 14, 2022 03:52
 Subject: Re: Ridiculous prices \ AVG Price's broken
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yorbrick (1185)

Location:  United Kingdom, England
Member Since Contact Type Status
Apr 11, 2011 Contact Member Seller
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Store: Yorbricks
  
100 items are sold for $1.00
1 item is sold for $100.00
Mean or Average = $1.98, which is 200% of the expected and actual meaningful
average.
Let's say I use this for setting my selling price. I will be the most expensive
one on BrickLink (except for the $100.00 one of course), but I will believe I'm
offering at the average price, thinking I offer at a competitive price.

It is obviously fake data, such wide variations in sold data are highly unlikely.
Especially as these are sold prices, they are meaningful. That someone paid $100
presumably means it was a genuine sale. Of course we don't know what was
correct, was it a seller pricing high and getting a buyer willing to pay 100x
too much (unlikely), or was it a seller error, listing 100 at $1 instead of 1
at $100. The latter would likely be snapped up instantly.

This made up data shows one thing though - know what you sell. If you had a $100
item and someone else messed up and listed it as 100 at $1, would you blindly
follow their error price because that is what the biased average is, or would
you check sales data? Either way the $1 or $2 average should seem way off if
you understood the value of the item.

You won't be the only one selling at that price. Why would you be the only
person on bricklink that uses the average sold price? If you are, they should
remove the ability to populate with price guide data, as it is not being used
by any other seller. More likely, many other people will be listing at the same
average.
 Author: Gaston.La.Brick View Messages Posted By Gaston.La.Brick
 Posted: Apr 14, 2022 03:36
 Subject: Re: Ridiculous prices \ AVG Price's broken
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Gaston.La.Brick (1841)

Location:  Belgium
Member Since Contact Type Status
Nov 12, 2016 Contact Member Seller
Buying Privileges - OKSelling Privileges - OK
Store: The Rolling Bricks
In Price Guide, yorbrick writes:
  In Price Guide, Gaston.La.Brick writes:
  
  
  As I mentioned before, the correct way for it's intended purpose would
be to exclude the lowest and highest 10% of the prices. This would filter out
the extremes (both downwards and upwards). A new calculated variable "Avg. Price
Percentile (10th-90th)" could be introduced.

Why exclude the extreme 10%, what is correct about that? Why not 2%, 5%, 16.67%
or 49%?
The intended purpose is to report the mean, which is what it does.

I don't agree. The mathematical value is indeed the mean (I think, English
is not my native language). However, I do think the intended purpose was not
to give the mean, but to give an indication to both buyer and seller what a realistic,
average price is for which an item has been sold and is on sale now. I can't
be sure, I wasn't there when it was discussed. As long as extremes are in
that equation, the meaning behind that value has lost its purpose.

Do note I didn't say to change the value of the "Average" variable. It should
remain the mathematical correct one. But instead introduce a new one ("X Percentile
Average", or what you want to call) that actually has a better meaning to it's
value. When you ask what's correct about that: it is an statistically correct
and commonly used way to filter out extreme values polluting the meaning or trend
value. It's also referred to as "removing outliers".
https://www.statology.org/remove-outliers/
https://statisticsbyjim.com/basics/remove-outliers/

On the exact percentage: could be 1%, 2%, 10%. Or it could be filter out the
bottom 3 and top 3 values. Whatever would be decided (I'm not statisticus),
it would give me a better meaning to some of the values.

None of that is better, just different. There is usually a very important thing
if you remove data from any analysis because you believe it doesn't fit -
you report what you remove and why, and still report the true mean before you
bias it by removing data.
Filtering out things like the bottom and top three results is not a good idea.
For items where many sales are made, it makes little to no difference.

100 items are sold for $1.00
1 item is sold for $100.00
Mean or Average = $1.98, which is 200% of the expected and actual meaningful
average.
Let's say I use this for setting my selling price. I will be the most expensive
one on BrickLink (except for the $100.00 one of course), but I will believe I'm
offering at the average price, thinking I offer at a competitive price.

I understand you will never even consider this, but for me the average value
has no purpose this way, as I can't use it for deciding if an offered price
is actually competitive or not. Without of course checking item per item, by
manual effort.

Where
  only a few sales are made, it can have a huge effect. For example, if 10 sales
are made, you throw away 60% of your data. If just 7, you are taking the median.
For six or fewer sales, you throw away all the data.

Why 60% is thrown away? As I said, the exact formula should be well thought.
I could be top/bottom 10%, so for 10 sales only 20% is thrown away. And even
then, it shouldn't always be that case, but only for situation where there
is a very large deviation at the bottom and top prices.

Of course the algorithm needs to be a bit more intelligent/smart, as to decide
when to drop which outliers. Again, I'm not a statisticus, but I'm sure
there are intelligent formulas that cover these problems to deliver actual usable
data.
 Author: yorbrick View Messages Posted By yorbrick
 Posted: Apr 14, 2022 03:35
 Subject: Re: Ridiculous prices \ AVG Price's broken
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yorbrick (1185)

Location:  United Kingdom, England
Member Since Contact Type Status
Apr 11, 2011 Contact Member Seller
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Store: Yorbricks
  
Let's say an item is sold 10 times for 1.00 dollar but once for 10 dollars.
The current (mathematical correct) average would be 9.90$ (9x 1.00$ + 1x 10.00$
= 99.00$ / 10 items).

Better would be to exclude the extremes, which would result in an average of
1.00$ as the sale for 10.00$ is omitted.

Your calculation is wrong. 9x1 + 10 = 19, not 99. The average would be $1.90.

Yes you could exclude the high value, but why is that better? You have excluded
useful data. Those 9 $1 sales could all be from the same seller that undervalued
the item, or purposely manipulated the price with fake sales.
 Author: Yo_Yo_Flamingo View Messages Posted By Yo_Yo_Flamingo
 Posted: Apr 14, 2022 00:28
 Subject: Re: Ridiculous prices \ AVG Price's broken
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Yo_Yo_Flamingo (4580)

Location:  USA, New York
Member Since Contact Type Status
Jan 9, 2016 Contact Member Seller
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Store: Set You Up
In Price Guide, Gaston.La.Brick writes:
  
  There's two lists on the price guide, "sold" items and "for sale" items.
So while these listing don't mess up the "sold" average, they greatly change
the "for sale" average (though I don't ever look at that anyways).

For items that aren't sold that much (and have a larger number of items in
the "for sale" as in the "sold" category), you often need to rely on the "for
sale" average price.
And even for the "sold" values, they sometimes include extremely low or high
values. That's of course fine, but it makes the mathematical average useless
when it's being used to base your own price upon.

Let's say an item is sold 10 times for 1.00 dollar but once for 10 dollars.
The current (mathematical correct) average would be 9.90$ (9x 1.00$ + 1x 10.00$
= 99.00$ / 10 items).

Better would be to exclude the extremes, which would result in an average of
1.00$ as the sale for 10.00$ is omitted.

I agree with your position of excluding outliers from the calculation, but the
engineer in my is going to drive me mad until I correct that math.

in that example, 10$ for one item + $10 for another ten at a buck a piece = $20/11,
for an average of $1.81.
 Author: yorbrick View Messages Posted By yorbrick
 Posted: Apr 13, 2022 16:28
 Subject: Re: Ridiculous prices \ AVG Price's broken
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yorbrick (1185)

Location:  United Kingdom, England
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Store: Yorbricks
In Price Guide, Gaston.La.Brick writes:
  
  
  As I mentioned before, the correct way for it's intended purpose would
be to exclude the lowest and highest 10% of the prices. This would filter out
the extremes (both downwards and upwards). A new calculated variable "Avg. Price
Percentile (10th-90th)" could be introduced.

Why exclude the extreme 10%, what is correct about that? Why not 2%, 5%, 16.67%
or 49%?
The intended purpose is to report the mean, which is what it does.

I don't agree. The mathematical value is indeed the mean (I think, English
is not my native language). However, I do think the intended purpose was not
to give the mean, but to give an indication to both buyer and seller what a realistic,
average price is for which an item has been sold and is on sale now. I can't
be sure, I wasn't there when it was discussed. As long as extremes are in
that equation, the meaning behind that value has lost its purpose.

Do note I didn't say to change the value of the "Average" variable. It should
remain the mathematical correct one. But instead introduce a new one ("X Percentile
Average", or what you want to call) that actually has a better meaning to it's
value. When you ask what's correct about that: it is an statistically correct
and commonly used way to filter out extreme values polluting the meaning or trend
value. It's also referred to as "removing outliers".
https://www.statology.org/remove-outliers/
https://statisticsbyjim.com/basics/remove-outliers/

On the exact percentage: could be 1%, 2%, 10%. Or it could be filter out the
bottom 3 and top 3 values. Whatever would be decided (I'm not statisticus),
it would give me a better meaning to some of the values.

None of that is better, just different. There is usually a very important thing
if you remove data from any analysis because you believe it doesn't fit -
you report what you remove and why, and still report the true mean before you
bias it by removing data.

Filtering out things like the bottom and top three results is not a good idea.
For items where many sales are made, it makes little to no difference. Where
only a few sales are made, it can have a huge effect. For example, if 10 sales
are made, you throw away 60% of your data. If just 7, you are taking the median.
For six or fewer sales, you throw away all the data.
 Author: Gaston.La.Brick View Messages Posted By Gaston.La.Brick
 Posted: Apr 13, 2022 15:08
 Subject: Re: Ridiculous prices \ AVG Price's broken
 Viewed: 46 times
 Topic: Price Guide
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Gaston.La.Brick (1841)

Location:  Belgium
Member Since Contact Type Status
Nov 12, 2016 Contact Member Seller
Buying Privileges - OKSelling Privileges - OK
Store: The Rolling Bricks
  
  As I mentioned before, the correct way for it's intended purpose would
be to exclude the lowest and highest 10% of the prices. This would filter out
the extremes (both downwards and upwards). A new calculated variable "Avg. Price
Percentile (10th-90th)" could be introduced.

Why exclude the extreme 10%, what is correct about that? Why not 2%, 5%, 16.67%
or 49%?
The intended purpose is to report the mean, which is what it does.

I don't agree. The mathematical value is indeed the mean (I think, English
is not my native language). However, I do think the intended purpose was not
to give the mean, but to give an indication to both buyer and seller what a realistic,
average price is for which an item has been sold and is on sale now. I can't
be sure, I wasn't there when it was discussed. As long as extremes are in
that equation, the meaning behind that value has lost its purpose.

Do note I didn't say to change the value of the "Average" variable. It should
remain the mathematical correct one. But instead introduce a new one ("X Percentile
Average", or what you want to call) that actually has a better meaning to it's
value. When you ask what's correct about that: it is an statistically correct
and commonly used way to filter out extreme values polluting the meaning or trend
value. It's also referred to as "removing outliers".
https://www.statology.org/remove-outliers/
https://statisticsbyjim.com/basics/remove-outliers/

On the exact percentage: could be 1%, 2%, 10%. Or it could be filter out the
bottom 3 and top 3 values. Whatever would be decided (I'm not statisticus),
it would give me a better meaning to some of the values.
 Author: yorbrick View Messages Posted By yorbrick
 Posted: Apr 13, 2022 14:39
 Subject: Re: Ridiculous prices \ AVG Price's broken
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 Topic: Price Guide
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yorbrick (1185)

Location:  United Kingdom, England
Member Since Contact Type Status
Apr 11, 2011 Contact Member Seller
Buying Privileges - OKSelling Privileges - OK
Store: Yorbricks
In Price Guide, Gaston.La.Brick writes:
  In Price Guide, Sadler_Bricks writes:
  Could be a mistake. But besides this i have seen other stores do this. The prices
have been broken for a good while in my opinion.

Sadler_bricks

Correct.
There have been (and will be) numerous discussions on how "Average Price" is
calculated. Currently, it's the mathematical correct way.

As I mentioned before, the correct way for it's intended purpose would
be to exclude the lowest and highest 10% of the prices. This would filter out
the extremes (both downwards and upwards). A new calculated variable "Avg. Price
Percentile (10th-90th)" could be introduced.

Why exclude the extreme 10%, what is correct about that? Why not 2%, 5%, 16.67%
or 49%?
The intended purpose is to report the mean, which is what it does.
 Author: Gaston.La.Brick View Messages Posted By Gaston.La.Brick
 Posted: Apr 13, 2022 11:15
 Subject: Re: Ridiculous prices \ AVG Price's broken
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Gaston.La.Brick (1841)

Location:  Belgium
Member Since Contact Type Status
Nov 12, 2016 Contact Member Seller
Buying Privileges - OKSelling Privileges - OK
Store: The Rolling Bricks
  There's two lists on the price guide, "sold" items and "for sale" items.
So while these listing don't mess up the "sold" average, they greatly change
the "for sale" average (though I don't ever look at that anyways).

For items that aren't sold that much (and have a larger number of items in
the "for sale" as in the "sold" category), you often need to rely on the "for
sale" average price.
And even for the "sold" values, they sometimes include extremely low or high
values. That's of course fine, but it makes the mathematical average useless
when it's being used to base your own price upon.

Let's say an item is sold 10 times for 1.00 dollar but once for 10 dollars.
The current (mathematical correct) average would be 9.90$ (9x 1.00$ + 1x 10.00$
= 99.00$ / 10 items).

Better would be to exclude the extremes, which would result in an average of
1.00$ as the sale for 10.00$ is omitted.
 Author: tons_of_bricks View Messages Posted By tons_of_bricks
 Posted: Apr 13, 2022 10:15
 Subject: Re: Ridiculous prices \ AVG Price's broken
 Viewed: 44 times
 Topic: Price Guide
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tons_of_bricks (12776)

Location:  USA, Missouri
Member Since Contact Type Status
Jan 12, 2016 Contact Member Seller
Buying Privileges - OKSelling Privileges - OK
Store: Tons of Bricks (GDM)
In Price Guide, Yo_Yo_Flamingo writes:
  In Price Guide, RuiBraga writes:
  Hello guys,

Can someone check this store 613 Bricks (https://www.bricklink.com/store.asp?p=613)
The prices are insanely high and it will break the purpose of the avg prices.
Example:
Queen Anne's Revenge
Lot ID: 288191095 Item No: 4195-1
Price:
US $64,990.00
(~EUR 59,700.8515)

Please investigate.

Thanks.

The price guide only takes into account sold sets, and as nobody in their right
mind would buy these, it doesn't affect the average.

There's two lists on the price guide, "sold" items and "for sale" items.
So while these listing don't mess up the "sold" average, they greatly change
the "for sale" average (though I don't ever look at that anyways).
 Author: Yo_Yo_Flamingo View Messages Posted By Yo_Yo_Flamingo
 Posted: Apr 13, 2022 09:46
 Subject: Re: Ridiculous prices \ AVG Price's broken
 Viewed: 49 times
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Yo_Yo_Flamingo (4580)

Location:  USA, New York
Member Since Contact Type Status
Jan 9, 2016 Contact Member Seller
Buying Privileges - OKSelling Privileges - OK
Store: Set You Up
In Price Guide, RuiBraga writes:
  Hello guys,

Can someone check this store 613 Bricks (https://www.bricklink.com/store.asp?p=613)
The prices are insanely high and it will break the purpose of the avg prices.
Example:
Queen Anne's Revenge
Lot ID: 288191095 Item No: 4195-1
Price:
US $64,990.00
(~EUR 59,700.8515)

Please investigate.

Thanks.

The price guide only takes into account sold sets, and as nobody in their right
mind would buy these, it doesn't affect the average.
 Author: Gaston.La.Brick View Messages Posted By Gaston.La.Brick
 Posted: Apr 13, 2022 09:35
 Subject: Re: Ridiculous prices \ AVG Price's broken
 Viewed: 50 times
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Gaston.La.Brick (1841)

Location:  Belgium
Member Since Contact Type Status
Nov 12, 2016 Contact Member Seller
Buying Privileges - OKSelling Privileges - OK
Store: The Rolling Bricks
In Price Guide, Sadler_Bricks writes:
  Could be a mistake. But besides this i have seen other stores do this. The prices
have been broken for a good while in my opinion.

Sadler_bricks

Correct.
There have been (and will be) numerous discussions on how "Average Price" is
calculated. Currently, it's the mathematical correct way.

As I mentioned before, the correct way for it's intended purpose would
be to exclude the lowest and highest 10% of the prices. This would filter out
the extremes (both downwards and upwards). A new calculated variable "Avg. Price
Percentile (10th-90th)" could be introduced.
 Author: Sadler_Bricks View Messages Posted By Sadler_Bricks
 Posted: Apr 12, 2022 17:05
 Subject: Re: Ridiculous prices \ AVG Price's broken
 Viewed: 102 times
 Topic: Price Guide
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Sadler_Bricks (1733)

Location:  USA, Washington
Member Since Contact Type Status
Jul 15, 2019 Contact Member Seller
Buying Privileges - OKSelling Privileges - OK
Store: Sadler_Bricks
Could be a mistake. But besides this i have seen other stores do this. The prices
have been broken for a good while in my opinion.

Sadler_bricks
 Author: tons_of_bricks View Messages Posted By tons_of_bricks
 Posted: Apr 11, 2022 12:31
 Subject: Re: Ridiculous prices \ AVG Price's broken
 Viewed: 97 times
 Topic: Price Guide
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tons_of_bricks (12776)

Location:  USA, Missouri
Member Since Contact Type Status
Jan 12, 2016 Contact Member Seller
Buying Privileges - OKSelling Privileges - OK
Store: Tons of Bricks (GDM)
In Price Guide, RuiBraga writes:
  Probably.
I've sent him a msg.
Let's wait.

In Price Guide, LeeGo73 writes:
  Looks like seller has entered prices in USD instead of RUB

In Price Guide, RuiBraga writes:
  Hello guys,

Can someone check this store 613 Bricks (https://www.bricklink.com/store.asp?p=613)
The prices are insanely high and it will break the purpose of the avg prices.
Example:
Queen Anne's Revenge
Lot ID: 288191095 Item No: 4195-1
Price:
US $64,990.00
(~EUR 59,700.8515)

Please investigate.

Thanks.

Nothing else to do. It's probably an error like LeeGo73 mentioned. But if
not, he's free to price his items whatever he wants, no matter how ridiculous
they may be.
 Author: WildBricks View Messages Posted By WildBricks
 Posted: Apr 11, 2022 12:21
 Subject: Re: Ridiculous prices \ AVG Price's broken
 Viewed: 109 times
 Topic: Price Guide
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WildBricks (6357)

Location:  USA, Georgia
Member Since Contact Type Status
May 9, 2016 Contact Member Seller
Buying Privileges - OKSelling Privileges - OK
Store: Wild Bricks GA
If you look at all of their sets the prices are crazy high.

I was the kid who quit ballet because it interfered with watching Scooby Doo,
but not even I would pay $12k U.S. for one of the sets.
 
Set No: 75903  Name: Haunted Lighthouse
* 
75903-1 (Inv) Haunted Lighthouse
421 Parts, 4 Minifigures, 2015
Sets: Scooby-Doo


In Price Guide, RuiBraga writes:
  Hello guys,

Can someone check this store 613 Bricks (https://www.bricklink.com/store.asp?p=613)
The prices are insanely high and it will break the purpose of the avg prices.
Example:
Queen Anne's Revenge
Lot ID: 288191095 Item No: 4195-1
Price:
US $64,990.00
(~EUR 59,700.8515)

Please investigate.

Thanks.
 Author: RuiBraga View Messages Posted By RuiBraga
 Posted: Apr 11, 2022 06:02
 Subject: Re: Ridiculous prices \ AVG Price's broken
 Viewed: 152 times
 Topic: Price Guide
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RuiBraga (298)

Location:  Portugal
Member Since Contact Type Status
Jun 13, 2012 Contact Member Seller
Buying Privileges - OKSelling Privileges - OK
Store Closed Store: HiGhLaNdeR's Bricks
Probably.
I've sent him a msg.
Let's wait.

In Price Guide, LeeGo73 writes:
  Looks like seller has entered prices in USD instead of RUB

In Price Guide, RuiBraga writes:
  Hello guys,

Can someone check this store 613 Bricks (https://www.bricklink.com/store.asp?p=613)
The prices are insanely high and it will break the purpose of the avg prices.
Example:
Queen Anne's Revenge
Lot ID: 288191095 Item No: 4195-1
Price:
US $64,990.00
(~EUR 59,700.8515)

Please investigate.

Thanks.
 Author: LeeGo73 View Messages Posted By LeeGo73
 Posted: Apr 11, 2022 05:43
 Subject: Re: Ridiculous prices \ AVG Price's broken
 Viewed: 113 times
 Topic: Price Guide
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LeeGo73 (1267)

Location:  Netherlands, Zuid-Holland
Member Since Contact Type Status
Dec 28, 2020 Contact Member Seller
Buying Privileges - OKSelling Privileges - OK
Store: 2 buy 4 Bricks
Looks like seller has entered prices in USD instead of RUB

In Price Guide, RuiBraga writes:
  Hello guys,

Can someone check this store 613 Bricks (https://www.bricklink.com/store.asp?p=613)
The prices are insanely high and it will break the purpose of the avg prices.
Example:
Queen Anne's Revenge
Lot ID: 288191095 Item No: 4195-1
Price:
US $64,990.00
(~EUR 59,700.8515)

Please investigate.

Thanks.
 Author: RuiBraga View Messages Posted By RuiBraga
 Posted: Apr 11, 2022 04:27
 Subject: Ridiculous prices \ AVG Price's broken
 Viewed: 324 times
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RuiBraga (298)

Location:  Portugal
Member Since Contact Type Status
Jun 13, 2012 Contact Member Seller
Buying Privileges - OKSelling Privileges - OK
Store Closed Store: HiGhLaNdeR's Bricks
Hello guys,

Can someone check this store 613 Bricks (https://www.bricklink.com/store.asp?p=613)
The prices are insanely high and it will break the purpose of the avg prices.
Example:
Queen Anne's Revenge
Lot ID: 288191095 Item No: 4195-1
Price:
US $64,990.00
(~EUR 59,700.8515)

Please investigate.

Thanks.
 Author: Hurt View Messages Posted By Hurt
 Posted: Mar 28, 2022 07:41
 Subject: Re: Way to tell which colors are on Wanted Lists?
 Viewed: 34 times
 Topic: Price Guide
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Hurt (642)

Location:  Austria, Wien
Member Since Contact Type Status
Aug 10, 2015 Contact Member Seller
Buying Privileges - OKSelling Privileges - OK
Store: BricksHurt
Thanks!

Also interesting links
 Author: Stellar View Messages Posted By Stellar
 Posted: Mar 28, 2022 07:02
 Subject: Re: Way to tell which colors are on Wanted Lists?
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Stellar (3509)

Location:  Spain, Comunidad Valenciana
Member Since Contact Type Status
Sep 24, 2015 Contact Member Seller
Buying Privileges - OKSelling Privileges - OK
Store: Stellar Bricks
BrickLink Discussions Moderator (?)
In Price Guide, Hurt writes:
  When I check the price guide of a part, I can see that it is on many wanted lists
of other users (e.g. "On 314875 Wanted Lists" - below "My Wanted List" and "Add
to My Wanted List").

Once a user described how to see which different colors of the 314875 entries
are on other user's Wanted Lists, but I can't find that comment anymore
and I also can't figure out how to do it

Thanks!

This? https://www.bricklink.com/catalogStats.asp

Used in sets:

https://www.bricklink.com/catalogStats.asp?v=1&statID=V

But in Wanted lists its just a general stat for parts:

https://www.bricklink.com/catalogStatsWanted.asp?itemType=P&catID=

https://www.bricklink.com/catalogStatsWanted.asp?itemType=P&catID=5
 Author: Hurt View Messages Posted By Hurt
 Posted: Mar 28, 2022 06:59
 Subject: Re: Way to tell which colors are on Wanted Lists?
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Hurt (642)

Location:  Austria, Wien
Member Since Contact Type Status
Aug 10, 2015 Contact Member Seller
Buying Privileges - OKSelling Privileges - OK
Store: BricksHurt
In Price Guide, Hurt writes:
  When I check the price guide of a part, I can see that it is on many wanted lists
of other users (e.g. "On 314875 Wanted Lists" - below "My Wanted List" and "Add
to My Wanted List").

Once a user described how to see which different colors of the 314875 entries
are on other user's Wanted Lists, but I can't find that comment anymore
and I also can't figure out how to do it

Thanks!

Oh, got it. It's in the tab "Color Info"
 Author: Hurt View Messages Posted By Hurt
 Posted: Mar 28, 2022 06:55
 Subject: Way to tell which colors are on Wanted Lists?
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Hurt (642)

Location:  Austria, Wien
Member Since Contact Type Status
Aug 10, 2015 Contact Member Seller
Buying Privileges - OKSelling Privileges - OK
Store: BricksHurt
When I check the price guide of a part, I can see that it is on many wanted lists
of other users (e.g. "On 314875 Wanted Lists" - below "My Wanted List" and "Add
to My Wanted List").

Once a user described how to see which different colors of the 314875 entries
are on other user's Wanted Lists, but I can't find that comment anymore
and I also can't figure out how to do it

Thanks!
 Author: CannoliBricks View Messages Posted By CannoliBricks
 Posted: Mar 20, 2022 04:41
 Subject: Re: Help with appraisal "Esso Huolto"
 Viewed: 45 times
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CannoliBricks (352)

Location:  Denmark
Member Since Contact Type Status
Feb 7, 2022 Contact Member Seller
Buying Privileges - OKSelling Privileges - OK
Store: Cannoli Bricks
In Price Guide, legoman77 writes:
  In Price Guide, HC writes:
  hi
wanted list 20 times...no sales known...
you can set a price whatever you think is reasonable


Catalog: Parts: Brick, Decorated: 3008pb076

That is one that I looked for a long time before I sold my collection. Never
did find it. I would ask for 50 dollars and if not sold lower the price a bit
or dicker with a potential buyer. Don’t be in a hurry to sell it. Also list on
the forum.
John P

Hi John

Im in no hurry to sell at all. What forum is it you refer to?

Anders
 Author: legoman77 View Messages Posted By legoman77
 Posted: Mar 18, 2022 12:55
 Subject: Re: Help with appraisal "Esso Huolto"
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legoman77 (3628)

Location:  USA, Texas
Member Since Contact Type Status Collage
Jan 22, 2003 Contact Member Seller
Buying Privileges - OKSelling Privileges - OK
View Collage Pic
Store: 77's Bricks & Sets
In Price Guide, HC writes:
  hi
wanted list 20 times...no sales known...
you can set a price whatever you think is reasonable


Catalog: Parts: Brick, Decorated: 3008pb076

That is one that I looked for a long time before I sold my collection. Never
did find it. I would ask for 50 dollars and if not sold lower the price a bit
or dicker with a potential buyer. Don’t be in a hurry to sell it. Also list on
the forum.
John P
 Author: HC View Messages Posted By HC
 Posted: Mar 17, 2022 20:28
 Subject: Re: Help with appraisal "Esso Huolto"
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HC (9591)

Location:  Netherlands, Noord-Holland
Member Since Contact Type Status
Aug 4, 2007 Contact Member Seller
Buying Privileges - OKSelling Privileges - OK
Store: YODAs_bricks
hi
wanted list 20 times...no sales known...
you can set a price whatever you think is reasonable


Catalog: Parts: Brick, Decorated: 3008pb076
 Author: CannoliBricks View Messages Posted By CannoliBricks
 Posted: Mar 17, 2022 19:58
 Subject: Help with appraisal "Esso Huolto"
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CannoliBricks (352)

Location:  Denmark
Member Since Contact Type Status
Feb 7, 2022 Contact Member Seller
Buying Privileges - OKSelling Privileges - OK
Store: Cannoli Bricks
Hi all

I have found this brick in a used bulk lot. It is in good condition, only a small
flaw in the L. It seems like it could be a pretty rare piece. Anyone have an
idea of what it could sell for?

Thank you

Cannoli Bricks
Anders
 
 Author: BlueDevilBricks View Messages Posted By BlueDevilBricks
 Posted: Mar 15, 2022 18:00
 Subject: Re: Access to Price Guide API
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BlueDevilBricks (703)

Location:  USA, Pennsylvania
Member Since Contact Type Status
Dec 13, 2021 Contact Member Seller
Buying Privileges - OKSelling Privileges - OK
Store: Blue Devil Bricks
In Price Guide, chfranz writes:
  I have written a program to help me track my LEGO inventory. I am a collector
but I don't plan on doing any selling. I would like to access the Price Guide
to get a better estimate on the value of my collection.

Currently the API is only available to sellers. Is there a way to get access
without being a seller?

You could create a seller account but never open the store.
 Author: enig View Messages Posted By enig
 Posted: Mar 15, 2022 17:15
 Subject: Re: Access to Price Guide API
 Viewed: 49 times
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enig (6343)

Location:  Lithuania, Panevėžys
Member Since Contact Type Status
Mar 3, 2012 Contact Member Seller
Buying Privileges - OKSelling Privileges - OK
Store: enigma bricks - CHEAP S&H!
In Price Guide, chfranz writes:
  I have written a program to help me track my LEGO inventory. I am a collector
but I don't plan on doing any selling. I would like to access the Price Guide
to get a better estimate on the value of my collection.

Currently the API is only available to sellers. Is there a way to get access
without being a seller?

If you can get your inventory into a .bsx file - brickstore will get you avg
prices via ctrl+A followed by +G
 Author: chfranz View Messages Posted By chfranz
 Posted: Mar 15, 2022 17:05
 Subject: Access to Price Guide API
 Viewed: 139 times
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chfranz (3)

Location:  USA, Idaho
Member Since Contact Type Status
Oct 31, 2018 Contact Member Buyer
Buying Privileges - OK
I have written a program to help me track my LEGO inventory. I am a collector
but I don't plan on doing any selling. I would like to access the Price Guide
to get a better estimate on the value of my collection.

Currently the API is only available to sellers. Is there a way to get access
without being a seller?
 Author: Mortimer View Messages Posted By Mortimer
 Posted: Mar 14, 2022 22:53
 Subject: Re: Please bring back the pop up price guide
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Mortimer (1187)

Location:  Belgium, Liege
Member Since Contact Type Status
Dec 9, 2003 Contact Member Seller
Buying Privileges - OKSelling Privileges - OK
Store: Bel Bricks
In Suggestions, 1001bricks writes:
  I can't believe sellers do this on BrickLink pages in 2022.


And yet, some still do...

  I started with early BrickStore in uhhh 2006 and never quit.

You simply can't imagine how life is easier, and FREE and open-source, and
economic (server friendly - cached), etc.

Hoping it helps?

Sylvain

Problem solved now. But thanks anyway, Sylvain. I might look into it someday.

In the meantime, I'll move this post to a more appropriate topic.
 Author: Mortimer View Messages Posted By Mortimer
 Posted: Mar 14, 2022 22:44
 Subject: Re: Please bring back the pop up price guide
 Viewed: 65 times
 Topic: Price Guide
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Mortimer (1187)

Location:  Belgium, Liege
Member Since Contact Type Status
Dec 9, 2003 Contact Member Seller
Buying Privileges - OKSelling Privileges - OK
Store: Bel Bricks
In Suggestions, peregrinator writes:
  In Suggestions, Mortimer writes:
  Hi everybody,

When adding parts manually from my Inventory (no part out), I used to adjust
quantity and pricing by quickly checking the Price Guide.

When I say quick, I mean I just clicked on the "Price" link and a pop up window
opened instantly, showing the Price Guide for that part. Then I closed the window
and adjusted my price. This was a 2 seconds procedure. I used that procedure
for several colors of the same part without leaving the page. Then I submitted
all these changes in one go. Nice and fast!

Today, for an unknown reason, the same link leads to another page showing the
complete Price Guide with all items for sale. This takes a loooong time to load.
For the most common parts, it can take up to 20 seconds to load!!! Yes, I might
have an old computer. But still.
Then, I have to come back to the previous Inventory page, which can take time
to load and at the top of the said page. Then I have to scroll down to find and
adjust the right color entry. That's for one color. If I have five entries
of the same part in various colors to adjust, I must repeat that process accordingly.

This is really time consuming (x10 at least), annoying, frustrating and painful.
I know there are other ways to adjust prices, but that's the way I used to
work for years and it was so easy. I can't think of any quicker way.

Please, just bring back the small pop up window... Please?

Thaks for reading my rant.

Frédéric

Check your inventory settings (My Store Settings Management - scroll down):

Wow! I didn't know that was now an option!!
My bad I stopped reading BL forum years ago.

Thanks a lot!
 Author: Mortimer View Messages Posted By Mortimer
 Posted: Mar 14, 2022 21:50
 Subject: Please bring back the pop up price guide
 Viewed: 174 times
 Topic: Price Guide
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Mortimer (1187)

Location:  Belgium, Liege
Member Since Contact Type Status
Dec 9, 2003 Contact Member Seller
Buying Privileges - OKSelling Privileges - OK
Store: Bel Bricks
Hi everybody,

When adding parts manually from my Inventory (no part out), I used to adjust
quantity and pricing by quickly checking the Price Guide.

When I say quick, I mean I just clicked on the "Price" link and a pop up window
opened instantly, showing the Price Guide for that part. Then I closed the window
and adjusted my price. This was a 2 seconds procedure. I used that procedure
for several colors of the same part without leaving the page. Then I submitted
all these changes in one go. Nice and fast!

Today, for an unknown reason, the same link leads to another page showing the
complete Price Guide with all items for sale. This takes a loooong time to load.
For the most common parts, it can take up to 20 seconds to load!!! Yes, I might
have an old computer. But still.
Then, I have to come back to the previous Inventory page, which can take time
to load and at the top of the said page. Then I have to scroll down to find and
adjust the right color entry. That's for one color. If I have five entries
of the same part in various colors to adjust, I must repeat that process accordingly.

This is really time consuming (x10 at least), annoying, frustrating and painful.
I know there are other ways to adjust prices, but that's the way I used to
work for years and it was so easy. I can't think of any quicker way.

Please, just bring back the small pop up window... Please?

Thaks for reading my rant.

Frédéric
 
 Author: peregrinator View Messages Posted By peregrinator
 Posted: Mar 12, 2022 09:11
 Subject: Re: Pricing a 2917 in white
 Viewed: 45 times
 Topic: Price Guide
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peregrinator (777)

Location:  USA, New Jersey
Member Since Contact Type Status
Jan 21, 2003 Contact Member Seller
Buying Privileges - OKSelling Privileges - OK
Store: Faber Family Bricks
In Price Guide, Royroy writes:
  There is no price guide info for the

 
Part No: 2917  Name: Train Front Sloping Top
* 
2917 Train Front Sloping Top
Parts: Train {White}

in white and I am having troubles to determine a fair price for it. Can anybody
advise?

Thanks,
Roy

Given that the set it's in is currently going for used, and the prices of
the other parts, I would start at 40-50 euro

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