I wrote this for my new column in Build Magazine of the Brick Builders Club. The problem is, the text is way too long and it is unfortunately preachy. So now it will only ever appear here. Let me know what you think and if you get the concept I am going for. -Clutch
Welcome to the first session of ConSpyrius Theory with Clutch! The good people at #BrickSwag saw fit to let me fill a page of the great Build Magazine with whatever it is I want to talk about each month.
You may not know, but when I am not folding the #BrickSwag boxes that you receive in the mail every month, (you see that box right there? Yup, I folded it.) I sell LEGO pieces on BrickLink.com. BrickLink is a marketplace where, with your parents’ assistance, you can purchase any LEGO parts or Minifigures that you could ever want. Have you ever wondered how we build such awesome creations for our Brick Fest Live events? Like an endless Pick-A-Brick Wall! BrickLink is an extremely helpful tool in acquiring all of the parts that you need for any build. This month, I want to tell you about a LEGO set’s “Part-out Value;” what it means, and why it should be important to you.
A LEGO set that you may purchase from a store or online contains a certain number of LEGO elements. At the back of your LEGO set’s instruction book, there is a list of all the pieces that are in that set. Not only are all of these pieces individually available from places like BrickLink, but they all have established monetary values which are created when buyers and sellers agree on fair exchanges of LEGO all across the world. A Part-out Value is the sum of all the values from all of the parts in a LEGO set. You might find it surprising that for the majority of LEGO sets, the Part-out Value is about two times the price which that set sells for in a store.
How can this be? Because unlike buying a particular LEGO set which contains the same pieces no matter how many copies you shake in the store, the same price on BrickLink can get you any pieces you want from any LEGO set. Just as different LEGO sets contain different pieces, the combined values of all the pieces in different LEGO sets will vary. Believe it or not, some LEGO sets have a Part-out Value LOWER than the price of the set on the shelf. That is something you should definitely take into consideration when purchasing a new LEGO set.
The Part-out Value of a LEGO set is not just a handy guide for sellers to know how much a LEGO set is worth when split up. It should be used as a value guide for anyone who purchases any LEGO set. If you have to choose between two different $10 LEGO sets where one of them has a $12 Part-out Value and the other one has a $22 Part-out Value, which one would you choose? Part-out Value is a gauge of how much worth the LEGO fan community has placed in the parts that make up a certain LEGO set. If the builders of the world have placed a high value or a low value on the parts that make up a LEGO set, you should want to know the facts before expanding your LEGO collection.
I have been meaning to do this for a while. The following Google Doc is a blank template for keeping track of your BrickLink sales. All of the formulas are live and you can feel free to use it for your own sales. It is intended for monthly use so the file does not get too long, but you can use it any way you choose. Start keeping track of your sales before it is too late!
I think I wrote about 21018 United Nations Headquarters recently, but it is on sale again. The set is a good mix of pieces, and when on sale, it is a good deal.
Target has it for $40.99 or $38.94 each with RedCard discount, limit 8.
Walmart has it for $40.48, limit 5.
And Amazon has it for $40.48, limit 2.
The Part out value is $99.92 or 2.52x when averaged at $39.66 each.
So out of left field, TRU is offering the 30271 Mikey’s Mini-Shellraiser polybag with any $30 purchase this week. What happened to Rocket Raccoon? Well it has been speculated that the Rocket Raccoon polybag might be a Black Friday freebie with purchase. Either way, if you can buy a bunch of either this bag or the Rocket bag and receive this bag for free each time you hit $30, then why not!?
Also, Shopko has some of the new Minecraft sets and Shopko is tax-free, free shipping. All you need is a valid coupon code. I haven’t found any that are active right now, but they often have coupon codes.
Look at this guy, says he’s gonna finish the month and then blows off Wednesday!
Guess what, I’ve almost written about this set a bunch of times and I believe I wrote about it once or twice. It keeps going down in price!
I remember when the Arctic line launched, the only one with a redeeming part out value was the biggin’ 60036 Arctic Base Camp.
I can’t tell you what is keeping the value so high. The bear? The huskies? The tank treads? That sweet blast from the past conveyor belt piece? Who knows.
But Target how has it at $74.99 (down from the forgettable MSRP of $90)
That’s $71.24 with RedCard discount and limit 8.
The part out is $174.96 or 2.46x. It’s not great, but it is certainly better than other City sets. Let’s see who can sell the most Orange Bricks.
Walmart is at $74.88
And Amazon is the same
Yoyo.com has $15 off if you use the code YOYOPLA15
So I noticed they have 70146 Flying Phoenix Fire Temple for $5.50 off at $114.49. Not the best sale price, but $20.50 off sounds good to me. Not sure if there is a minimum purchase to get the $15 off but I bet there is. This set will also qualify you for free shipping. I don’t know about you, but this is the site that had my sets to me within 18 hours of being ordered and I ordered them just before midnight. Fantastic resource.
Part out value is $277.95 or 2.43x
While looking this up, I saw that 5/6 of the Minecraft sets have been inventoried. That’s awesome because I JUST FINISHED parting one of them out manually!
Let’s look at the numbers:
21113 The Cave ($19.99) parts out for $45.66 missing 2 lots or 2.28x
21114 The Farm ($29.99) parts out for $66.65 missing 4 lots or 2.22x
21115 First Night ($39.99) parts out for $92.02 missing 8 lots or 2.30x
21116 Crafting Box ($49.99) parts out for $100.55 missing 2 lots or 2.01x
21118 The Mine ($109.99) parts out for $203.50 missing 5 lots or 1.85x
These numbers are high because the sets haven’t even officially released in the States yet. Sure, they are all missing lots which would add to the value if they sell and develop average prices, but these numbers will all around decrease. They are basic brick boxes sprinkled with desirable minifigs and some cool new colors. I wouldn’t touch them without a decent sale. I got 9 copies of First Night for $32 each and got everything uploaded today. Haven’t sold anything from them yet, but hopefully someone overseas buys all the figs overnight. That’s always fun.
First, your deal. ShopKo has a sale through the 15th which gets you $10 off a $50 purchase. It gets tricky when you need to spend $75 before the $10 off to get free shipping. So here’s my scenario:
If you purchase 2 copies of 41005 Heartlake High which at MSRP is a $50 that ShopKo already has on sale for $40, your final bill is $79.98. You’ll need the code HOLIDAY10 to get the discount.
Part out is $105.23 or 2.63x so there’s no argument there.
And because BrickPicker is a bunch of whiny babies, I read about the coupon code on their website. Imagine…complete control of the internet. BrickPicker has it made!
And now to the sad news. After 1 year, I will be suspending my Daily Deals service. I want to thank you all immensely for reading, commenting, and subscribing. It has been a very trying exercise to write this almost every day for a year. It really opens your eyes to how few sets LEGO produces, or at least how few go on sale. I used to think they made so many each year, but in my attempts to not just write about the same handful of sets week after week, I started grasping for lesser sales.
Over the course of a year, I had 36 unique subscribers. You know who you are. After I send this tonight, I am going to cancel all of your recurring payments on PayPal. You will still receive each post I write through the end of the month. I’ll also keep you in MailChimp so when I do write posts on my own, you will all get them just as you have been for the last year. I suppose I should leave you all with some words of advice when it comes to selling parts on BrickLink. Well, I have a few weeks left to think of those words. And in the end, I’ll leave you with all of my go-to sources used in writing this blog. Of course, I can’t tell you everything I know, but hopefully I’ve helped steer your store in the right direction and helped you avoid mistakes. Please feel free to visit my site http://www.bricksonthedollar.com where you will find links to my social media pages as well as my YouTube channel. Those aren’t going away any time soon.
Thank you for everything you do for the LEGO community.