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| | | Author: | Leftoverbricks  | | Posted: | Apr 3, 2024 11:59 | | Subject: | Incorrect parts price inflation | | Viewed: | 297 times | | Topic: | Selling | |
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| I observe that some parts are regularly offered for exorbitant prices when there
is actually no reason for this.
Take for example this part
This was previously only available in set and
These sets were limited in number and are much sought after.
Since 2024, a new set has been available that contains this part.
It can be purchased in any LEGO store or reseller. But I still see that every
new seller of this part bases their price on the original price when this part
was still rare.
This it totally nuts imo.
I'm thinking of parting out 10 sets containing this part and pricing them
at around 50 cents to change the price guide which will force future sellers
of this item to sell this item cheaper.
To the sellers: do you also experience these kinds of crazy things?
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| | | | | Author: | jennnifer | | Posted: | Apr 3, 2024 12:22 | | Subject: | Re: Incorrect parts price inflation | | Viewed: | 93 times | | Topic: | Selling | |
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| In Selling, Leftoverbricks writes:
| | I observe that some parts are regularly offered for exorbitant prices when there
is actually no reason for this.
Take for example this part
This was previously only available in set and
These sets were limited in number and are much sought after.
Since 2024, a new set has been available that contains this part.
It can be purchased in any LEGO store or reseller. But I still see that every
new seller of this part bases their price on the original price when this part
was still rare.
This it totally nuts imo.
I'm thinking of parting out 10 sets containing this part and pricing them
at around 50 cents to change the price guide which will force future sellers
of this item to sell this item cheaper.
To the sellers: do you also experience these kinds of crazy things?
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You really think sellers are checking the pricing and availability of every item
in a part out? They set it 'just below the 6 months average' and click
the button.
By the way, if everyone keeps doing that, the prices will all hit bottom. Like
every book on amazon costing $.99
~Jen
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| | | | | | | Author: | rickcraine | | Posted: | Apr 3, 2024 12:43 | | Subject: | Re: Incorrect parts price inflation | | Viewed: | 75 times | | Topic: | Selling | |
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| In Selling, jennnifer writes:
| | In Selling, Leftoverbricks writes:
| | I observe that some parts are regularly offered for exorbitant prices when there
is actually no reason for this.
Take for example this part
This was previously only available in set and
These sets were limited in number and are much sought after.
Since 2024, a new set has been available that contains this part.
It can be purchased in any LEGO store or reseller. But I still see that every
new seller of this part bases their price on the original price when this part
was still rare.
This it totally nuts imo.
I'm thinking of parting out 10 sets containing this part and pricing them
at around 50 cents to change the price guide which will force future sellers
of this item to sell this item cheaper.
To the sellers: do you also experience these kinds of crazy things?
|
You really think sellers are checking the pricing and availability of every item
in a part out? They set it 'just below the 6 months average' and click
the button.
By the way, if everyone keeps doing that, the prices will all hit bottom. Like
every book on amazon costing $.99
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A specific part should be worth what similar rarity parts are, it's a supply
and demand market. As a buyer, I appreciate the thoughtfulness towards buyers
Leftoverbricks shows by this post 
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| | | | | | | Author: | starbeanie | | Posted: | Apr 3, 2024 12:44 | | Subject: | Re: Incorrect parts price inflation | | Viewed: | 71 times | | Topic: | Selling | |
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| And if I set a price for something years ago, I'm not constantly checking
to see if it went up or down. I'm a small store with only 3,454 lots but
I don't have time for that.
In Selling, jennnifer writes:
| | In Selling, Leftoverbricks writes:
| | I observe that some parts are regularly offered for exorbitant prices when there
is actually no reason for this.
Take for example this part
This was previously only available in set and
These sets were limited in number and are much sought after.
Since 2024, a new set has been available that contains this part.
It can be purchased in any LEGO store or reseller. But I still see that every
new seller of this part bases their price on the original price when this part
was still rare.
This it totally nuts imo.
I'm thinking of parting out 10 sets containing this part and pricing them
at around 50 cents to change the price guide which will force future sellers
of this item to sell this item cheaper.
To the sellers: do you also experience these kinds of crazy things?
|
You really think sellers are checking the pricing and availability of every item
in a part out? They set it 'just below the 6 months average' and click
the button.
By the way, if everyone keeps doing that, the prices will all hit bottom. Like
every book on amazon costing $.99
~Jen
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| | | | | | | Author: | Nikilyn | | Posted: | Apr 3, 2024 13:05 | | Subject: | Re: Incorrect parts price inflation | | Viewed: | 72 times | | Topic: | Selling | |
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| | | You really think sellers are checking the pricing and availability of every item
in a part out? They set it 'just below the 6 months average' and click
the button.
By the way, if everyone keeps doing that, the prices will all hit bottom. Like
every book on amazon costing $.99
~Jen
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This
So many sellers do this. I see it recommended on youtube channels, facebook groups
on bricklink etc. They say its so easy just price at 6 months avg and the system
does all the work for you. Then we get those stores that wonder, how come I am
not making any money and other people saying parting out sets is not worth it
anymore because prices have dropped so much etc. Everytime someone lists something
at avg price it lowers the price for the next people and on and on it goes if
no one pays attention.
I have always manually priced my inventory and it's not always fun. It's
a lot of work, but as a seller I know what my items cost, what sells for me,
what doesn't, how long have I had an item etc. So many factors go into a
price. Been on Bricklink since 2009. It works for us.
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| | | | | | | Author: | 1001bricks | | Posted: | Apr 3, 2024 13:21 | | Subject: | Re: Incorrect parts price inflation | | Viewed: | 66 times | | Topic: | Selling | |
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| In Selling, jennnifer writes:
| | You really think sellers are checking the pricing and availability of every item
in a part out? They set it 'just below the 6 months average' and click
the button.
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Which is nuts! I've never done this.
Price sold is based on acquisition price + margin.
You can easily set this up in a couple of clicks using BrickStore.
Maybe with BrickLink also, but I never use those pages.
Then when you upload you may decide depending the quantity you're uploading
either if you keep the old prices, or replace with the new price, or decide it
more or less manually for a few lots to every lot (again with BrickStore).
In short while avg can be important (better to be below it), sellers shouldn't
set price on it.
HTH?
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| | | | | | | Author: | Leftoverbricks | | Posted: | Apr 4, 2024 11:35 | | Subject: | Re: Incorrect parts price inflation | | Viewed: | 50 times | | Topic: | Selling | |
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| In Selling, jennnifer writes:
| | In Selling, Leftoverbricks writes:
| | I observe that some parts are regularly offered for exorbitant prices when there
is actually no reason for this.
Take for example this part
This was previously only available in set and
These sets were limited in number and are much sought after.
Since 2024, a new set has been available that contains this part.
It can be purchased in any LEGO store or reseller. But I still see that every
new seller of this part bases their price on the original price when this part
was still rare.
This it totally nuts imo.
I'm thinking of parting out 10 sets containing this part and pricing them
at around 50 cents to change the price guide which will force future sellers
of this item to sell this item cheaper.
To the sellers: do you also experience these kinds of crazy things?
|
You really think sellers are checking the pricing and availability of every item
in a part out? They set it 'just below the 6 months average' and click
the button.
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When I part out a set and set to 6 month average I globally check the prices.
When I see a high price for a particular brick I always check the price guide
to get a better idea and sometimes I also check the sets the part is coming in.
I agree that not every seller is doing this.
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By the way, if everyone keeps doing that, the prices will all hit bottom. Like
every book on amazon costing $.99
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I don't think so. Most parts that have a high sales volume have a fairly
consistent price. The most important factor for prices going down hill is when
they come available in pick-a-brick, e.g. the 1x2 masonry brick in lbg.
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| | | | | Author: | qwertyboy | | Posted: | Apr 3, 2024 14:00 | | Subject: | Re: Incorrect parts price inflation | | Viewed: | 86 times | | Topic: | Selling | |
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| I will be completely honest here.
We run a shop, and this is not done for charity purposes - it is very much a
part of our income. I am very happy if parts are priced high, as this will generate
more revenue. Consequently, I am no fan of a race to the bottom for every part
that suddenly sees a larger number offered. Compared to when we started, prices
have gone down for parts precisely because of this race to the bottom.
To be able to sell, and still make a living, we price our product according to
what the market does. If the market allows high prices - YAY! Low prices - BOO!
Niek.
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| | | | | Author: | Cob | | Posted: | Apr 3, 2024 14:55 | | Subject: | Re: Incorrect parts price inflation | | Viewed: | 83 times | | Topic: | Selling | |
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| | | I'm thinking of parting out 10 sets containing this part and pricing them
at around 50 cents to change the price guide which will force future sellers
of this item to sell this item cheaper.
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What if I purchase them for 50 cents and relist them on BrickLink at the now
current price?
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| | | | | | | Author: | Dhobeck | | Posted: | Apr 3, 2024 15:15 | | Subject: | Re: Incorrect parts price inflation | | Viewed: | 78 times | | Topic: | Selling | |
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| In Selling, Cob writes:
| | | | I'm thinking of parting out 10 sets containing this part and pricing them
at around 50 cents to change the price guide which will force future sellers
of this item to sell this item cheaper.
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What if I purchase them for 50 cents and relist them on BrickLink at the now
current price?
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You might make money just remember shipping costs
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| | | | | | | Author: | TheBrickGuys | | Posted: | Apr 4, 2024 21:02 | | Subject: | Re: Incorrect parts price inflation | | Viewed: | 36 times | | Topic: | Selling | |
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| In Selling, Cob writes:
| | | | I'm thinking of parting out 10 sets containing this part and pricing them
at around 50 cents to change the price guide which will force future sellers
of this item to sell this item cheaper.
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What if I purchase them for 50 cents and relist them on BrickLink at the now
current price?
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That was exactly my thought when I read her post thinking that if she parted
out 10 sets and sold the 10 helmets for one buck each then someone would probably
buy them and turn around and relist them at the 6 month sales average of six
bucks each.
Jim.
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| | | | | Author: | SezaR | | Posted: | Apr 3, 2024 20:42 | | Subject: | Re: Incorrect parts price inflation | | Viewed: | 61 times | | Topic: | Selling | |
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| In Selling, Leftoverbricks writes:
| | I observe that some parts are regularly offered for exorbitant prices when there
is actually no reason for this.
Take for example this part
This was previously only available in set and
These sets were limited in number and are much sought after.
Since 2024, a new set has been available that contains this part.
It can be purchased in any LEGO store or reseller. But I still see that every
new seller of this part bases their price on the original price when this part
was still rare.
This it totally nuts imo.
I'm thinking of parting out 10 sets containing this part and pricing them
at around 50 cents to change the price guide
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This thought is also crazy 😉
| | which will force future sellers
of this item to sell this item cheaper.
To the sellers: do you also experience these kinds of crazy things?
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More tims goes by, more items will be listed and price drops down on its own.
This is how things are working in the realm of economy. Today’s average sold
price in used condition is 13.95$ usd and in the last. 6 months, only 8 of them
are sold. The average price in new condition is 5.98 $ usd and
9 are sold. Lets wait a few months and see how it changes. ☺️
If you buy a few of them and list them, assuming you mange to control yourself
and list them for 50cents instead of $3 (i personally won’t control my desire
to gain a higher profit) you would just make changes to happen quicker.
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| | | | | Author: | hedgehog_bricks | | Posted: | Apr 4, 2024 06:10 | | Subject: | Re: Incorrect parts price inflation | | Viewed: | 57 times | | Topic: | Selling | |
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| In Selling, Leftoverbricks writes:
| | I observe that some parts are regularly offered for exorbitant prices when there
is actually no reason for this.
Take for example this part
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The part is in a minifig, for which there is plentiful supply at prices much
lower than the individual part (from around $2.50-$3.00).
Jonathan
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| | | | | Author: | infinibrix | | Posted: | Apr 4, 2024 07:03 | | Subject: | Re: Incorrect parts price inflation | | Viewed: | 59 times | | Topic: | Selling | |
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| In Selling, Leftoverbricks writes:
| | I observe that some parts are regularly offered for exorbitant prices when there
is actually no reason for this.
Take for example this part
This was previously only available in set and
These sets were limited in number and are much sought after.
Since 2024, a new set has been available that contains this part.
It can be purchased in any LEGO store or reseller. But I still see that every
new seller of this part bases their price on the original price when this part
was still rare.
This it totally nuts imo.
I'm thinking of parting out 10 sets containing this part and pricing them
at around 50 cents to change the price guide which will force future sellers
of this item to sell this item cheaper.
To the sellers: do you also experience these kinds of crazy things?
|
Keep in mind that not all sellers are looking for a quick sale on all their stocked
items. If you have lots of stock of a part and/or can replenish that stock quickly
and easily then yes you may want to price competitively or perhaps even below
market value. Same goes for wanting to clear out stock that you feel holds little
long term potential but takes up precious storage space
However sellers may also want to price well above market value where the part
is not widely available at cheap pricing within their own country/region also
they may not envisage being able to easily stock that part ever again and therefore
see more value in these parts compared to their competitors. Basically they are
in it for the long term waiting game but that's not to say there isn't
still potential for it to sell sooner alongside other more competitively priced
items stocked within that same store (In short not everything in your store needs
to be super competitive to generate orders but it helps to have atleast some
competitively priced and unique items)
Sometimes I might price items high simply because they're not my usual parts
and so I don't have a very organized storage solution for them therefore
if it ends up taking me forever to find at least I know I sold it for good money!
(Time is sometimes more important)
Also take a GWP set... Once they flood the market they can sell for next to nothing
but just because most other sellers want to sell their GWP's cheaply for
a quick sale there is nothing wrong with listing them well above market value
and being in it for the long haul especially since sets generally require more
time and effort to process as well as needing a visit to post office therefore
if I'm going to sell a set then I'd personally rather make it worth my
effort and time!
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| | | | | Author: | custommike | | Posted: | Apr 16, 2024 16:10 | | Subject: | Re: Incorrect parts price inflation | | Viewed: | 39 times | | Topic: | Selling | |
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| In Selling, Leftoverbricks writes:
| | I observe that some parts are regularly offered for exorbitant prices when there
is actually no reason for this.
Take for example this part
This was previously only available in set and
These sets were limited in number and are much sought after.
Since 2024, a new set has been available that contains this part.
It can be purchased in any LEGO store or reseller. But I still see that every
new seller of this part bases their price on the original price when this part
was still rare.
This it totally nuts imo.
I'm thinking of parting out 10 sets containing this part and pricing them
at around 50 cents to change the price guide which will force future sellers
of this item to sell this item cheaper.
To the sellers: do you also experience these kinds of crazy things?
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This is the reason I use the Last Six Months Sales Quantity Average for my pricing.
It effectively eliminates people listing the part for sale at high prices and
gives a good idea of what people will actually pay for the part.
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| | | | | | | Author: | 1001bricks | | Posted: | Apr 16, 2024 16:31 | | Subject: | Re: Incorrect parts price inflation | | Viewed: | 56 times | | Topic: | Selling | |
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| In Selling, custommike writes:
| | In Selling, Leftoverbricks writes:
| | I observe that some parts are regularly offered for exorbitant prices when there
is actually no reason for this.
Take for example this part
This was previously only available in set and
These sets were limited in number and are much sought after.
Since 2024, a new set has been available that contains this part.
It can be purchased in any LEGO store or reseller. But I still see that every
new seller of this part bases their price on the original price when this part
was still rare.
This it totally nuts imo.
I'm thinking of parting out 10 sets containing this part and pricing them
at around 50 cents to change the price guide which will force future sellers
of this item to sell this item cheaper.
To the sellers: do you also experience these kinds of crazy things?
|
This is the reason I use the Last Six Months Sales Quantity Average for my pricing.
It effectively eliminates people listing the part for sale at high prices and
gives a good idea of what people will actually pay for the part.
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Just found this one, $10 (?) avg price LOL:
https://www.bricklink.com/catalogPG.asp?P=47457&colorID=1&viewExclude=N&v=P&cID=Y
I just sent a message to the highest price seller
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| | | | | Author: | runner.caller | | Posted: | Apr 16, 2024 16:17 | | Subject: | Re: Incorrect parts price inflation | | Viewed: | 43 times | | Topic: | Selling | |
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| In Selling, Leftoverbricks writes:
| | I observe that some parts are regularly offered for exorbitant prices when there
is actually no reason for this.
Take for example this part
This was previously only available in set and
These sets were limited in number and are much sought after.
Since 2024, a new set has been available that contains this part.
It can be purchased in any LEGO store or reseller. But I still see that every
new seller of this part bases their price on the original price when this part
was still rare.
This it totally nuts imo.
I'm thinking of parting out 10 sets containing this part and pricing them
at around 50 cents to change the price guide which will force future sellers
of this item to sell this item cheaper.
To the sellers: do you also experience these kinds of crazy things?
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I've been observing this on since the start of my selling around
2016.
It was only avail in a CMF set from 2010 and was $4+
In 2017, it became available in a batman movie CMF and has since released in
3 more sets, and the price has slowly whittled down to $0.75-ish
So it appears, the market eventually catches up, but it can take YEARS.
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Netherlands, Overijssel
USA, Illinois
France, Provence-Alpes-Côte d'Azur
Canada, Alberta
United Kingdom, England
