These Legos under the tree might be worth more than gold someday
If you are looking for a good investment to end the year, you might not have to look any further than under your Christmas tree, especially if you have a Lego installed there.
Researchers from the Higher School of Economics in Moscow found that some Lego sets not open to the secondary market recorded an average annual return of 11% – this is more than gold and some shares of large companies.
Victoria Dobrynskaya is a researcher who worked on the study. She said it all started because of her son’s hobby.
And, she said, the 11% hike is just the average market return.
âFirst of all, there is volatility over time,â Dobrynskaya said. âSo some years Legos have produced higher returns than other years. The 11% is therefore the average over time. Some Lego sets generated returns of 700%, others generated negative returns. “
There are many reasons why certain Lego sets become valuable – special editions like the Millennium Falcon from Star Wars and limited production runs to name a few.
But despite some of the big comebacks, budget-conscious fans of the colored bricks shouldn’t despair. They can create their own potentially valuable set thanks to the 2008 fan collaborative project called LEGO Ideas.
People submit ideas for production, and if their design is chosen, they get 1% of the royalties. Brent Waller from Brisbane, Australia is one such person. He designed and submitted a set of Lego Ghostbusters in 2014.
âI can’t think of any other companies that have this kind of collaboration with their fan base where a fan can, for a little while, claim to be a Lego designer,â Waller said.
Waller’s most recent creation was inspired by another pop culture favorite – the NBC sitcom Seinfeld.
“I saw that Friends the television show had had a similar set made by the same process, and in the same Seinfeld fashion, I thought it was outrageous that Seinfeld was not portrayed the same, “Waller said.” I thought I would take it upon myself to try and build my version of the Seinfeld apartment to present ideas on two levels to potentially become a real whole. ”
Waller’s 30th birthday Seinfeld The Lego tribute required more than 5,000 hours of viewing the show. And it took a weekend to recreate the layout of Jerry’s apartment, and a few more days to get each character’s characteristics right.
âBasically I had one screen to watch reruns of Seinfeld and another I had footage of Jerry’s apartment floor plan that people had pieced together online over the years,â he said. -he declares.
While a higher return than gold sounds great, Dobrynskaya and Waller caution against what is not guaranteed.
So remember, it’s not just about money – Lego is an abbreviation of two Danish words which together mean ‘to play well’.
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