Discussion Forum: Thread 328469

 Author: Ziegelmeister View Messages Posted By Ziegelmeister
 Posted: Oct 14, 2022 23:53
 Subject: Zoinks!
 Viewed: 194 times
 Topic: Selling
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Ziegelmeister (222)

Location:  USA, Ohio
Member Since Contact Type Status
Aug 27, 2021 Contact Member Seller
Buying Privileges - OKSelling Privileges - OK
Store: Ziegelmarkt
Life threw me a curve ball back in February and I had to unexpectedly shut the
store. We're talking bricks sitting on the sorting table for several months.


I reopened it today and when I went to adjust the prices for the last 6 months
I noticed a drop of nearly 33% of the total value of my inventory. Have all
the pandemic fanatics finally left the building?
 Author: Nubs_Select View Messages Posted By Nubs_Select
 Posted: Oct 15, 2022 00:05
 Subject: Re: Zoinks!
 Viewed: 46 times
 Topic: Selling
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Nubs_Select (3770)

Location:  Canada, Ontario
Member Since Contact Type Status
Mar 15, 2016 Contact Member Seller
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Store: Nub's Select
Possibly, this past summer has been the slowest sales period in awhile so people
probably have been putting higher sale % to try to get more sales
 Author: yorbrick View Messages Posted By yorbrick
 Posted: Oct 15, 2022 04:33
 Subject: Re: Zoinks!
 Viewed: 54 times
 Topic: Selling
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yorbrick (1184)

Location:  United Kingdom, England
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Apr 11, 2011 Contact Member Seller
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Store: Yorbricks
  Have all the pandemic fanatics finally left the building?

LEGO are screwed if they have, since they are pumping out so many large expensive
18+ sets now. And that is likely the cause, there is so much variety on offer
at RRP plus currently 10% VIP and GWPs, why would someone overpay on the secondary
market unless it is a retired item they really want.
 Author: jennnifer View Messages Posted By jennnifer
 Posted: Oct 15, 2022 08:58
 Subject: Re: Zoinks!
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jennnifer (3533)

Location:  USA, Illinois
Member Since Contact Type Status
Sep 8, 2009 Contact Member Seller
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Store: Old Grey Bricks
In Selling, Yellow.Brick writes:
  Life threw me a curve ball back in February and I had to unexpectedly shut the
store. We're talking bricks sitting on the sorting table for several months.


I reopened it today and when I went to adjust the prices for the last 6 months
I noticed a drop of nearly 33% of the total value of my inventory. Have all
the pandemic fanatics finally left the building?

I think it's also the race to the bottom where too many sellers list their
parts 'just below average' to try and generate sales even when they are
basically selling at a loss. The only prices going up now that I observe are
bricks, tiles and minifig stuff.

Jen
 Author: Ziegelmeister View Messages Posted By Ziegelmeister
 Posted: Oct 15, 2022 14:29
 Subject: Re: Zoinks!
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 Topic: Selling
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Ziegelmeister (222)

Location:  USA, Ohio
Member Since Contact Type Status
Aug 27, 2021 Contact Member Seller
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Store: Ziegelmarkt
In Selling, jennnifer writes:
  In Selling, Yellow.Brick writes:
  Life threw me a curve ball back in February and I had to unexpectedly shut the
store. We're talking bricks sitting on the sorting table for several months.


I reopened it today and when I went to adjust the prices for the last 6 months
I noticed a drop of nearly 33% of the total value of my inventory. Have all
the pandemic fanatics finally left the building?

I think it's also the race to the bottom where too many sellers list their
parts 'just below average' to try and generate sales even when they are
basically selling at a loss. The only prices going up now that I observe are
bricks, tiles and minifig stuff.

Jen

Good point on that. I think previously I was last six months + 20%, I dropped
it to +14% but may put it back.
 Author: Ziegelmeister View Messages Posted By Ziegelmeister
 Posted: Oct 15, 2022 15:26
 Subject: (Cancelled)
 Viewed: 24 times
 Topic: Selling
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Ziegelmeister (222)

Location:  USA, Ohio
Member Since Contact Type Status
Aug 27, 2021 Contact Member Seller
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Store: Ziegelmarkt
(Cancelled)
 Author: Ziegelmeister View Messages Posted By Ziegelmeister
 Posted: Oct 15, 2022 15:26
 Subject: (Cancelled)
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Ziegelmeister (222)

Location:  USA, Ohio
Member Since Contact Type Status
Aug 27, 2021 Contact Member Seller
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Store: Ziegelmarkt
(Cancelled)
 Author: bahpstore View Messages Posted By bahpstore
 Posted: Oct 15, 2022 10:29
 Subject: Re: Zoinks!
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bahpstore (20968)

Location:  USA, Virginia
Member Since Contact Type Status
Sep 20, 2016 Contact Member Seller
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Store: BAHP Store
In Selling, Yellow.Brick writes:
  Life threw me a curve ball back in February and I had to unexpectedly shut the
store. We're talking bricks sitting on the sorting table for several months.


I reopened it today and when I went to adjust the prices for the last 6 months
I noticed a drop of nearly 33% of the total value of my inventory. Have all
the pandemic fanatics finally left the building?

All of above and one other thing - EUR (and almost all other currencies) is weak.
Most EU stores using EUR, that sales price 4-6 months ago is more than 10% lower
now.
 Author: 1001bricks View Messages Posted By 1001bricks
 Posted: Oct 15, 2022 10:53
 Subject: Re: Zoinks!
 Viewed: 57 times
 Topic: Selling
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1001bricks (52360)

Location:  France, Provence-Alpes-Côte d'Azur
Member Since Contact Type Status
Sep 6, 2005 Contact Member Seller
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Store: 1001bricks
  All of above and one other thing - EUR (and almost all other currencies) is weak.
Most EU stores using EUR, that sales price 4-6 months ago is more than 10% lower
now.

This is plain wrong - here 1€ is still 1€ !
 Author: bahpstore View Messages Posted By bahpstore
 Posted: Oct 15, 2022 11:25
 Subject: Re: Zoinks!
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bahpstore (20968)

Location:  USA, Virginia
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Sep 20, 2016 Contact Member Seller
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Store: BAHP Store
In Selling, 1001bricks writes:
  
  All of above and one other thing - EUR (and almost all other currencies) is weak.
Most EU stores using EUR, that sales price 4-6 months ago is more than 10% lower
now.

This is plain wrong - here 1€ is still 1€ !


1€ is still 1€, but 1€ is $1.1 before only $0.97 now. When you calculated average
price using USD, there is a big difference 😳.
 Author: SylvainLS View Messages Posted By SylvainLS
 Posted: Oct 15, 2022 11:34
 Subject: Re: Zoinks!
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SylvainLS (46)

Location:  France, Nouvelle-Aquitaine
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In Selling, bahpstore writes:
  In Selling, 1001bricks writes:
  
  All of above and one other thing - EUR (and almost all other currencies) is weak.
Most EU stores using EUR, that sales price 4-6 months ago is more than 10% lower
now.

This is plain wrong - here 1€ is still 1€ !


1€ is still 1€, but 1€ is $1.1 before only $0.97 now. When you calculated average
price using USD, there is a big difference 😳.

Sylvain was half-joking

“Half-” because when you buy and sell (mostly) in € and in EU or even in your
own country, the exchange value doesn’t matter (yet).
 Author: yorbrick View Messages Posted By yorbrick
 Posted: Oct 15, 2022 13:48
 Subject: Re: Zoinks!
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 Topic: Selling
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yorbrick (1184)

Location:  United Kingdom, England
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In Selling, SylvainLS writes:
  In Selling, bahpstore writes:
  In Selling, 1001bricks writes:
  
  All of above and one other thing - EUR (and almost all other currencies) is weak.
Most EU stores using EUR, that sales price 4-6 months ago is more than 10% lower
now.

This is plain wrong - here 1€ is still 1€ !


1€ is still 1€, but 1€ is $1.1 before only $0.97 now. When you calculated average
price using USD, there is a big difference 😳.

Sylvain was half-joking

“Half-” because when you buy and sell (mostly) in € and in EU or even in your
own country, the exchange value doesn’t matter (yet).

It does matter for the global price guide. If a single 1 euro item sold six months
ago and another sold now then the average price in USD has gone down.
 Author: SylvainLS View Messages Posted By SylvainLS
 Posted: Oct 15, 2022 14:18
 Subject: Re: Zoinks!
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SylvainLS (46)

Location:  France, Nouvelle-Aquitaine
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In Selling, yorbrick writes:
  In Selling, SylvainLS writes:
  In Selling, bahpstore writes:
  In Selling, 1001bricks writes:
  
  All of above and one other thing - EUR (and almost all other currencies) is weak.
Most EU stores using EUR, that sales price 4-6 months ago is more than 10% lower
now.

This is plain wrong - here 1€ is still 1€ !


1€ is still 1€, but 1€ is $1.1 before only $0.97 now. When you calculated average
price using USD, there is a big difference 😳.

Sylvain was half-joking

“Half-” because when you buy and sell (mostly) in € and in EU or even in your
own country, the exchange value doesn’t matter (yet).

It does matter for the global price guide. If a single 1 euro item sold six months
ago and another sold now then the average price in USD has gone down.

That’s what bahpstore said, and/therefore I was just trying to explain the not-joking
other half of Sylvain’s comment.


Besides, Yellow.Brick said it’s the opposite that happened: the prices in € are
lower now.

Prices in a weakening currency go up, not down (if the price variation is only
due to the exchange rate).

Say the $ price didn’t change / the $ is stable.  Something that cost €10 6 months
ago was €10*1.1 = $11, it should cost $11/0.97 = €11.34 now.  So if the item’s
at €9 (old price in € minus 10%) now, like Yellow.Brick said, that’s 20% lower
in $ (9*0.97/11 = 79.4%).
 Author: bahpstore View Messages Posted By bahpstore
 Posted: Oct 15, 2022 16:17
 Subject: Re: Zoinks!
 Viewed: 32 times
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bahpstore (20968)

Location:  USA, Virginia
Member Since Contact Type Status
Sep 20, 2016 Contact Member Seller
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Store: BAHP Store
In Selling, SylvainLS writes:
  In Selling, yorbrick writes:
  In Selling, SylvainLS writes:
  In Selling, bahpstore writes:
  In Selling, 1001bricks writes:
  
  All of above and one other thing - EUR (and almost all other currencies) is weak.
Most EU stores using EUR, that sales price 4-6 months ago is more than 10% lower
now.

This is plain wrong - here 1€ is still 1€ !


1€ is still 1€, but 1€ is $1.1 before only $0.97 now. When you calculated average
price using USD, there is a big difference 😳.

Sylvain was half-joking

“Half-” because when you buy and sell (mostly) in € and in EU or even in your
own country, the exchange value doesn’t matter (yet).

It does matter for the global price guide. If a single 1 euro item sold six months
ago and another sold now then the average price in USD has gone down.

That’s what bahpstore said, and/therefore I was just trying to explain the not-joking
other half of Sylvain’s comment.


Besides, Yellow.Brick said it’s the opposite that happened: the prices in € are
lower now.

Prices in a weakening currency go up, not down (if the price variation is only
due to the exchange rate).

Say the $ price didn’t change / the $ is stable.  Something that cost €10 6 months
ago was €10*1.1 = $11, it should cost $11/0.97 = €11.34 now.  So if the item’s
at €9 (old price in € minus 10%) now, like Yellow.Brick said, that’s 20% lower
in $ (9*0.97/11 = 79.4%).

Let's use a simplest example:

One part sold twice, one for €1.00 another for $1.12 when the exchange rate is
€1.00 = $1.12. At that moment US buyer would see the average price was $1.12,
EU buyers would see the average price was €1.00.

Fast forward to €1.00 = $0.97, the same US buyer will find the average price
is $1.045 (1*0.97 + 1.12)/2 and the EU buyer will see the average price is €1.077
(1.12/0.97 + 1)/2

The strong dollar drag down average price for US sellers, but pop up average
price for EU sellers.
 Author: 1001bricks View Messages Posted By 1001bricks
 Posted: Oct 15, 2022 14:36
 Subject: Re: Zoinks!
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1001bricks (52360)

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
  Sylvain was half-joking

“Half-” because when you buy and sell (mostly) in € and in EU or even in your
own country, the exchange value doesn’t matter (yet).

Yes, it's why I always put 25€ of gas in my car, a smart way not to have
any change in the gas price!

BTW in fact we use LPG (GPL in France), which means a tank full and around 450
km for about 22€
 Author: peregrinator View Messages Posted By peregrinator
 Posted: Oct 15, 2022 18:26
 Subject: Re: Zoinks!
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peregrinator (776)

Location:  USA, New Jersey
Member Since Contact Type Status
Jan 21, 2003 Contact Member Seller
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Store: Faber Family Bricks
In Selling, 1001bricks writes:
  
  Sylvain was half-joking

“Half-” because when you buy and sell (mostly) in € and in EU or even in your
own country, the exchange value doesn’t matter (yet).

Yes, it's why I always put 25€ of gas in my car, a smart way not to have
any change in the gas price!

BTW in fact we use LPG (GPL in France), which means a tank full and around 450
km for about 22€

My first car was a Ford Taurus, about which the less said the better. But my
2nd car was a Toyota Corolla and (at the time) I could fill up the tank on that
bad boy for $8-9.
 Author: SylvainLS View Messages Posted By SylvainLS
 Posted: Oct 15, 2022 18:31
 Subject: Re: Zoinks!
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SylvainLS (46)

Location:  France, Nouvelle-Aquitaine
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In Selling, peregrinator writes:
  […]
  BTW in fact we use LPG (GPL in France), which means a tank full and around 450
km for about 22€

My first car was a Ford Taurus, about which the less said the better. But my
2nd car was a Toyota Corolla and (at the time) I could fill up the tank on that
bad boy for $8-9.

Small tank then
 Author: peregrinator View Messages Posted By peregrinator
 Posted: Oct 15, 2022 19:26
 Subject: Re: Zoinks!
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peregrinator (776)

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 Selling, SylvainLS writes:
  In Selling, peregrinator writes:
  […]
  BTW in fact we use LPG (GPL in France), which means a tank full and around 450
km for about 22€

My first car was a Ford Taurus, about which the less said the better. But my
2nd car was a Toyota Corolla and (at the time) I could fill up the tank on that
bad boy for $8-9.

Small tank then

I think it was 11.9 gallons = 45 liters.

I'm dating myself but gasoline was about $0.85 per gallon then, and I never
let the tank get under 1/4 full.
 Author: SylvainLS View Messages Posted By SylvainLS
 Posted: Oct 15, 2022 19:57
 Subject: Re: Zoinks!
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SylvainLS (46)

Location:  France, Nouvelle-Aquitaine
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In Selling, peregrinator writes:
  […]
I'm dating myself but gasoline was about $0.85 per gallon then, and I never
let the tank get under 1/4 full.

You in the US always had cheap oil.

As far as I can remember, I haven’t known the price of gasoline to be below 4
francs/litre (= €0.6/L), so about $3/usgallon at the time.
E10 was around €1.6/L, so €6/usgallon a bit before the war.  It’s now around
or above €2/L.

(And I quickly checked to see if I was wrong: I’m not.  Or not really: I was
too young to count before that )

(Also, I checked but it seems there’s been a ‘Corolla’ model from 1966, so that
didn’t help know when you had yours )
 Author: peregrinator View Messages Posted By peregrinator
 Posted: Oct 15, 2022 20:03
 Subject: Re: Zoinks!
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peregrinator (776)

Location:  USA, New Jersey
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Jan 21, 2003 Contact Member Seller
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Store: Faber Family Bricks
In Selling, SylvainLS writes:
  (Also, I checked but it seems there’s been a ‘Corolla’ model from 1966, so that
didn’t help know when you had yours )

I got it in 1998 and drove it for almost 11 years
 Author: SylvainLS View Messages Posted By SylvainLS
 Posted: Oct 15, 2022 20:12
 Subject: Re: Zoinks!
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SylvainLS (46)

Location:  France, Nouvelle-Aquitaine
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In Selling, peregrinator writes:
  In Selling, SylvainLS writes:
  (Also, I checked but it seems there’s been a ‘Corolla’ model from 1966, so that
didn’t help know when you had yours )

I got it in 1998 and drove it for almost 11 years

In 2009, gasoline was €1.25/L = €4.7/usgallon here, that’s €42 for 3/4 of a 45L
tank.

Your prices for a gallon was/are cheaper than our prices per liter.
 Author: peregrinator View Messages Posted By peregrinator
 Posted: Oct 15, 2022 20:33
 Subject: Re: Zoinks!
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peregrinator (776)

Location:  USA, New Jersey
Member Since Contact Type Status
Jan 21, 2003 Contact Member Seller
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Store: Faber Family Bricks
In Selling, SylvainLS writes:
  In Selling, peregrinator writes:
  In Selling, SylvainLS writes:
  (Also, I checked but it seems there’s been a ‘Corolla’ model from 1966, so that
didn’t help know when you had yours )

I got it in 1998 and drove it for almost 11 years

In 2009, gasoline was €1.25/L = €4.7/usgallon here, that’s €42 for 3/4 of a 45L
tank.

Your prices for a gallon was/are cheaper than our prices per liter.

In 2009 the avg US price for a gallon of gas was $2.35 - fill-up would have been
more like $20 then. Of course that was also the year we got a minivan to transport
our growing family so a fill-up could be $30-$40.
 Author: SylvainLS View Messages Posted By SylvainLS
 Posted: Oct 16, 2022 08:05
 Subject: Re: Zoinks!
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SylvainLS (46)

Location:  France, Nouvelle-Aquitaine
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In Selling, peregrinator writes:
  […]
  Your prices for a gallon were/are cheaper than our prices per liter.

In 2009 the avg US price for a gallon of gas was $2.35 - fill-up would have been
more like $20 then.

Okay.  It doesn’t change much with 1998’s prices: still a factor of 3 or 4.

   Of course that was also the year we got a minivan to transport
our growing family so a fill-up could be $30-$40.

 Author: 1001bricks View Messages Posted By 1001bricks
 Posted: Oct 15, 2022 20:06
 Subject: Re: Zoinks!
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1001bricks (52360)

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 Selling, SylvainLS writes:
  In Selling, peregrinator writes:
  […]
I'm dating myself but gasoline was about $0.85 per gallon then, and I never
let the tank get under 1/4 full.

You in the US always had cheap oil.

As far as I can remember, I haven’t known the price of gasoline to be below 4
francs/litre (= €0.6/L), so about $3/usgallon at the time.
E10 was around €1.6/L, so €6/usgallon a bit before the war.  It’s now around
or above €2/L.

(And I quickly checked to see if I was wrong: I’m not.  Or not really: I was
too young to count before that )

(Also, I checked but it seems there’s been a ‘Corolla’ model from 1966, so that
didn’t help know when you had yours )

Warning OP¨: this guy will tell you you're using wrongfully your car, or
you could have get a better price somewhere else he knows and you should have
read the Map where it is
 Author: SylvainLS View Messages Posted By SylvainLS
 Posted: Oct 15, 2022 20:17
 Subject: Re: Zoinks!
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SylvainLS (46)

Location:  France, Nouvelle-Aquitaine
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In Selling, 1001bricks writes:
  […]
Warning OP¨: this guy will tell you you're using wrongfully your car, or
you could have get a better price somewhere else he knows and you should have
read the Map where it is

Well, I actually said the opposite and, anyway, you’re just jealous because you
couldn’t use a tool
 Author: 1001bricks View Messages Posted By 1001bricks
 Posted: Oct 15, 2022 20:22
 Subject: (Cancelled)
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1001bricks (52360)

Location:  France, Provence-Alpes-Côte d'Azur
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 Author: 1001bricks View Messages Posted By 1001bricks
 Posted: Oct 15, 2022 18:59
 Subject: Re: Zoinks!
 Viewed: 24 times
 Topic: Selling
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1001bricks (52360)

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
  
  BTW in fact we use LPG (GPL in France), which means a tank full and around 450
km for about 22€

My first car was a Ford Taurus, about which the less said the better. But my
2nd car was a Toyota Corolla and (at the time) I could fill up the tank on that
bad boy for $8-9.

While right now with this amount you barely can run up to the next gas station