Is there any reason why this Lego set is selling on an average $250+? Over the past few weeks and currently being sold, there have been 50+ Millennium Falcon sets sold at Ebay and this has been going on at these prices for quite some time now. I really don't know if this is a supply and demand issue or not since i don't know how many collectors there are out there but have seen a lot of this set over the past year or so. To me it seems more like a hype thing then anything. I see plenty of other sets out there that are less seen for sale and they go for less money and they are just as nice. I have 2 of these Millenium Falcon Lego sets,
1 mib and 1 i put together so this isn't a matter of wanting to get one cheap, just don't understand why these prices have stayed so steady for so long. Maybe it's a good sign that certain Lego sets have a demand for them, i sure don't know...
If it was hype, I don't think it would have lasted a year and a half (or more) now.
This set contains the ANH Princess Leia figure. It is the only way to get it. (Alone it often sells for $30+.)
If TLC releases a new version of that character, the price will soften, esp. after the new Falcon hits next year.
The MF is a signature vehicle in the original trilogy. As a $90 set released at the time the marketing for SW Lego was softening, after the E1 glut, it was not released in the same quantities of the mid-size sets from before and around the same time.
(Of course, the original X-Wing was released in huge quantities and went to clearance all over the place, but it fetches more than original retail today -- but there again it's a signature vehicle, if not THE signature vehicle, and a very nice design too.)
I think that's just it: certain sets have a central appeal that just doesn't fade.
The other thing to consider is the "Star Wars collector factor." A lot of collectors overlooked Lego at first. This is a common phenomenon, where an established collector base overlooks a new product line initially.
Then, after the new line has been on the market for a few years and has established itself with A. its own personality (distinct from, say, the action figure line), B. a solid reputation for quality (the Star Wars model designs are some of the best System-scale sets from over the last four years), and C. enough history to have a good variety of characters and vehicles to make the entirety more appealing (as opposed to, say, the original trilogy sets never having gone beyond their original 5-pc
1999 release), then collector interest perks up.
As a whole, collectors will always seek out key characters and key vehicles; having a signature vehicle combined with a signature character, in a set which did not see the same wide release as many if not most of the other sets -- combine those, and you have a solid market performer on your hands.
Putting it another way -- every Star Wars toy collector that has SW Lego in their collection wants to have the Falcon as part of that collection. Nearly every one of them! They are much less concerned, as a group, about whether they have yet acquired the MTT, Mos Espa race, Watto's Junkyard, etc.
If the AT-AT exits from mass retail after this next year, expect a similar thing to happen there a few years from now. It's a gorgeous set
Thanks for all the replies everyone, all the comments make sense. I could understand a Star Wars fan who had never put a Lego set together going and buying it. That makes the supply and demand factor change significantly with both Lego and Star Wars fans being involved.
I have >I think that the new design of the Falcon is the answer... It's
announced for 2004.
I look forward to seeing this set, which minifig's are going to be with the set?