My roundup of the Milton Keynes Brick Festival - How I got on selling my Lego Investment sets

[@Noedeltas]

I could listen to you for hours!

[@iainsbricks]

Thanks for watching and listening

[@krispyskins2122]

Nice run through the event. I must admit I had forgotten how much prep needs to go in before you sell at these fairs. And credit card machine signal - ha! Been there and experienced that many times. Vehicles - creator types are not so popular. Although the 007 Aston Martin has done quite well. London bus like others from the theme are on shelves for a long time and so people probably get bored of them. I think that’s why ultimately they don’t do so well in the after market. And then LEGO also have new vehicles in the stores so you don’t really have to buy retired. Thanks for sharing. 😊

[@iainsbricks]

Hi, thanks for your comments. There is a lot of preparation work that goes into these events but as long as I start preparing a few weeks before then I'm good to go on event day.

[@jlhp]

It was crazy how many people were at this event!! They advertised A TON, even on Heart (the radio station) every day for a few weeks!!

[@iainsbricks]

Ah, that's interesting that they were advertising on the Radio as well.

[@missybricks6]

Awesome sales. It was lovely to meet you! I bought the Charles Dickens set off you. Thank you for being so lovely and friendly! ❤️hope to see you at the next one!

[@iainsbricks]

Hi Missy Bricks - thanks for stopping by and buying a set from me. Much appreciated

[@davidboubou8486]

Hello IAIN'S. Thank you for this excellent videos with your detailed comments and your appreciations which are for me a reference on KZbin on the Lego secondary market. You know how to perfectly analyze the evolutions of the sets. I always look forward to your videos. Keep it up !

[@iainsbricks]

Thanks David. Glad the video was of use. I really enjoy selling my Lego at these fairs. Much prefer it to ebay and sending stuff out in the post.

[@MaryBrownIsTheBlairWitch]

Nice lad, Iain 👌🏻

[@iainsbricks]

Thanks

[@normanrobson8654]

Good result on the Brick Bank. I have one of those sealed. One of my favourite modulars, good fun back story with the money laundering at the laundrette. I'm surprised at the relatively small profits on the vehicle sets. Three of those I have sealed. The VW van, VW car and the London bus. The van and bus being two of my favourite ever large scale vehicles. Very surprising that you got the biggest profile on the 3 in 1 vehicle set. We all have our individual preferences I suppose.

[@iainsbricks]

Hi Norman. Unfortunately not all Lego set increase a vast amount once retired, but at least I still made a small profit. It's the first time I had taken that vacation camper to a brick festival to sell so nice to see it sell first time.

[@normanrobson8654]

@@iainsbricks I suppose any profit is welcome. I always buy my sets with the view to build them but rarely get around to it. I limit myself to a few sets a year now. With so many great sets around its difficult which to choose. Storage space limits the number of sets bought too.

[@DrummondsPoint]

Another great recap video, some good tips too!

[@iainsbricks]

Thanks for watching

[@Hugh248]

Great to hear in the video that you did well and sold a lot of set of various sizes, a great roundup video of what you actually sold on the day at MK.

[@iainsbricks]

Hi Hugh. Thanks for watching and for your comment

[@Peter-tv7yz]

Awesome sales again Iain. Great that you make these kind of video's where you tell what you've payed and received for a set, that is valuable information for a beginning investor like myself 😊

[@iainsbricks]

Thanks for watching Peter. Although I made a profit on all items I sold, some of the profits margins were much lower than i had originally hoped when i bought the sets, so just wanted to point out that not every set you buy is going to make loads of profit.

[@Peter-tv7yz]

@@iainsbricks For sure, they can't all be winners. Depending on your buying (almost never pay retail price) you almost never have to make a loss on Lego, that's the nice thing about it.😊

[@raffikirschner]

Glad that i have found your youtube channel. Love your vids.

[@iainsbricks]

Thank you. That's much appreciated

[@deangill.6772]

Glad you did well at the Lego festival. We have just had one in Doncaster but I was working 😢. It's a great insight in to Lego investing and selling. It's not easy as it looks. Some sets you think will do well just dont. I've just been going through my stock and taking out the sets that haven't done as well just to sell for a small profit. My wife told me off for buying to much 😂😂😂. I am thinking of selling at one of the festivals but I'm a little unsure with the card machines so I'm going to watch you do more and take notes. Looking forward to the next instalment. 😀

[@iainsbricks]

Thanks Dean. The card reader I use is from Sumup and only cost me £20. Despite some signal issues at a couple of fairs, I do take mist of my money at these things by card payments, so it's definitely worth getting one

[@deangill.6772]

@@iainsbricks I will definitely have to look into it. I'm fast running out of space to store anymore sets and sales on Facebook are slow at the moment.

[@iainsbricks]

@@deangill.6772 That's one of the things about these festivals - you can sell stuff at a good price at the times of year when things don't sell that well on other platforms like ebay and marketplace.

[@glukes750]

I was a trader at Doncaster yesterday and I used a Sumup card reader and had no problems at all, think it cost me a one off of £30 to have it.

[@nigelogden5235]

It’s great that Lego is still going strong , I has so much as a kid , I once built a stand around my subbuteo pitch back in the 70,s, my kids enjoyed lego and now my granddaughter has started to get into building with it, will be taking her to the brick festival in Liverpool in June, I have also started investing and will be doing shows next year at some stage. Love the videos keep the good work up

[@iainsbricks]

Thanks Nigel. I've always been a big fan of Lego. Lego town was my favourite growing up in the late 70s and early 80s. I get back into Lego in 2010 with the modular buildings. Good luck with the investment journey and have a great time at the Liverpool Brick Festival

[@danieljenssen8745]

Thanks for this kind of videos Ian. Especially your thoughts on which themes that disappoint or does good, and how long you’ve hold on to each set.

[@iainsbricks]

Hi Daniel. Glad you found it useful.

[@jonnyhawkins7744]

Hey Iain, as a relatively new Lego investor. Where are the next lego festivals. Keep up the great work

[@iainsbricks]

Hi Jonny. Have a look on the Brick Festival website. Plenty if events this year around the UK

[@leeshurmer7063]

Hello my friend, looks this one was another success. Itching to get to Weston to start selling, my last one was Milton Keynes last October and have brought far too much since then … although it’s what we do and love. I’m booking in for Newport at the end of May and am actually thinking about Maidstone … but it’s a 100 miles, so not sure yet. Oxford in July is a much closer one and then Bournemouth, Milton Keynes and Weston towards the end of the year!! Oh and meant to ask if you’ve got the Brinklink sets from last year, as they look amazing? Keep up the good work!!

[@iainsbricks]

Wow! You really are planning to go all in this year. I was going to go to the Oxford brick Festival in July but I sold so much at my last 2 events that there is no need - I'd rather wait another year for some of my sets to appreciate in value a little more first. I will still be doing Weston in May and Bournemouth in September though.

[@leeshurmer7063]

@@iainsbricks yeah trying to, but like yourself … I’ll see how the sets sale and make further plans from there!! If I’m just as successful like yourself, then I may not book the others. Although I do have a bloody lot to sell. 🤪

[@glukes750]

I did Doncaster yesterday, I just didn't have time to do any videos, we had 6500 people through the door, I sold £1100 before we even opened, sold a couple of big sets to other traders. I did Birmingham last year and didn't think it could be any busier, how wrong was I.

[@iainsbricks]

That's excellent news. 6500 people is an amazing turn out. The Brick festival people really do advertise their events well.

[@charlottetown4422]

Congratulations I believe the harry potter gwp was 2020, 2021 and 2022. I have them all. I got multiple of the staircase one last year when I went to Toronto Canada. They had a bunch of harrypotter lego on sale therefore I bought a lot of harrypotter lego. Do not forget to see what Amazon has on sale next month (May) and in Toronto Canada, The lego started last year to price matching Amazon lego sales. Therefore you can those extra gwp from the lego store.

[@iainsbricks]

The Harry Potter gifts with purchase have done well for me. I had a few of the monster book of monsters which I sold for decent amounts at my earlier Lego fairs. Hopefully they will do a good Harry Potter GWP this year as well.

[@FrankCastlesConscience]

Great summation and useful information, you’re gradually building momentum. Its a marathon not a sprint! One thing though, i think you’re being harsh on yourself with profit %. For example buy for 70, sell for 100 isnt 30% its 42.8% etc. Sounds like you’re probably average out somewhere around the 40-50% overall which is testament to buying at good discounts off RRP as well as sets retiring. Buyers still getting good deals.

[@iainsbricks]

Thanks Chris. I think my percentage maths skills may have deserted me in this video! Lol!

[@TheLegoCollector-hq1rv]

Hey Ian how are you 😊 awesome video as always

[@iainsbricks]

I'm good thanks. Thanks for watching

[@TheLegoCollector-hq1rv]

@@iainsbricks Np would love to meet u in person 😁

[@iainsbricks]

@@TheLegoCollector-hq1rv Where abouts are you located and what's your nearest Lego store?

[@TheLegoCollector-hq1rv]

@@iainsbricks I'm located in Ireland but the only Lego shop is in Dublin no where else in Ireland 🥺

[@iainsbricks]

@@TheLegoCollector-hq1rv Ah, ok. The Dublin store only opened last year as well didn't it?

[@TheOne-pv4rz]

Well done Iain getting rid off the sets that don't perform so well. As a Lego investor I find that the biggest constraint is not the money, but space so those sets that underperform take up valuable space and it's money locked up as well so those sets come with a high opportunity cost. Oh and I'm very fussy about box condition as well as most Lego investors I would imagine.

[@iainsbricks]

Even though I wasn't making much on some of the sets I sold, I was still making a small profit, even though some of the sets retired around 5 years ago, which means,they are unlikely to increase in value much more.

[@adamfairbrother6242]

Agree with vechicles the exception might be the Ghostbusters car. Selling stuff that is not making much of a profit is key, the problem is that sometimes you like a set and think it is worth a lot more than it actually is. I had the Harry Potter book of monsters and sold one for £50 but have got another one and was asking £75 becuse I didn't want to sell it need to change this way of thinking.

[@iainsbricks]

Hi Adam. You're right, it's like selling anything, even houses and cars - the seller always thinks it's worth more than it is! It is difficult not to get too attached to the Lego sets, even though I'm never going to open or build them! Hopefully with the money I made on these underperforming sets, I can make better buying choices this time around!

[@polarbrix]

even with the WiFi code, you might still have issues, as if the buyer is using something like Apple pay, I think they also need signal on their phones

[@iainsbricks]

I didn't have roo many people try and pay by watch or phone this time.

[@polarbrix]

@@iainsbricks I was one of the volunteer crew for mk, had someone ask about WiFi because they needed to pay with their phone. I find it strange that people rely on technology so must that they don't care any kind of wallet!

[@interesting2491]

CASH IS KING

[@markdixon662]

You don't fancy Maidstone in a few weeks then!!

[@iainsbricks]

No, too soon since MK. My next on is in May in Weston super Mare.

[@markdixon662]

@@iainsbricks Wimp!

[@bobsbits5357]

hi lego shop are very funny about buy more than 2 at a time a day i used to buy alot of parts all the same i got away with it because i am not a re seller of lego YES THEY DO CHECK YOU OUT 100% they emails go around the shop they told me if i was in westfield white city they will tell westfield east london i was coming there cash is the best way to buy lego with out vip card they can't track the buys of the set i have 3 vip cards in many names the better way

[@bobsbits5357]

hi i have been stopped like you as well sorry can be a right pain if i am in a hurry like you i can talk big time i used to be on youtube as well work got in the way they did not like me dealing with lego beware when you are work i work for me now and there's not boss any more

[@iainsbricks]

Hi Bob. I'm enjoying growing my KZbin channel at the moment. It's still quite a small channel compared to some though. I do still work full time but I make sure my Lego hobby doesn't get in the way of my 9-5

[@bobsbits5357]

@@iainsbricks hi the the one's i work for there was some on the youtube that were getting big at the time i was working and my boss just did not understand the lego crazy at the time it was when london had the brick shows on and there came lego stars in the usa you see there was not any in the uk and i used to get hell of alot of mails after work is my time on way home i would use the workers computers in the break room just to get the mails up to date in the usa they are very ok with hobbies and work i am on a gov start up now and i am over 55 now and i can go back on here now as long as i am doing some thing the gov are ok about it note i do have alot of lego big time love it not the sets i love to make things out of it note if you check on the youtube you find alot of the older youtube maker are well over 50 plus some are part time as well i am lucky i am very ok with a income and all's played for at this end some how i sound nice on the mails and on the video's i used to make i was getting a fan club it's this they did not like one bit i used to get stopped all the time in the lego shops so i used to go in the day time alot the workers said i am getting ask for in the shop when am i coming in next i need used to talk to the kids alot in the shops like you at the lego fairs you see you will get alot bigger i cover lego and A/V repair man cave things why the name my betacam sp cam is down going for older video looking youtube bob`