When he was young, Matthew Fox of Black Creek imagined he香蕉视频直播檇 become an engineer, which may be behind his love for working with Lego.
The 49-year-old Baptist pastor can remember the first time he opened a box containing those multi-colored piece of plastic brick.
香蕉视频直播淚 saw a Space Lego kit,香蕉视频直播� Fox recalls. 香蕉视频直播淭hat just caught my eye. I begged and begged my parents to buy it but they just couldn香蕉视频直播檛 afford it. So my grandparents bought it for me. I haven香蕉视频直播檛 looked back.香蕉视频直播�
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Giving up the hobby in his teens, he picked up the idea of investing in Lego in his 20s. He estimates he香蕉视频直播檚 been wheeling and dealing Lego kits on a regular basis for about 15 years. He shows his prized piece: A gold plated 香蕉视频直播淢r. Gold香蕉视频直播� Lego figure, which Fox is selling for $7,000 in order to help pay for a new home for his family of nine. Lego only produced 5,000 Mr. Gold, of which Fox got his hands on a few.
香蕉视频直播淚 had a hunch that these were going to be worth something,香蕉视频直播� said Fox. 香蕉视频直播淚 bought two from Toronto, two off of eBay and just held onto them. I香蕉视频直播檝e needed money over the years, as my hobby has cost a lot. So I香蕉视频直播檝e sold them off. This is my last one. Building a new house, I don香蕉视频直播檛 want to get rid of him but need some insulation.香蕉视频直播�
The building block toy was created in 1932 by Danish carpenter Ole Kirk Christensen, and has seen significant exposure as an investment over the past decade. Anchored by secondary market from auction sites like eBay and the ongoing discontinuity of sets, some have skyrocketed in price.
For example, a kit featuring the inside of the palace of Jabba the Hutt, from the Star Wars films, sold at retail for $10 when it was released in 2003; 20 years later, it香蕉视频直播檚 worth over $200, an annual value growth of nearly 13 per cent, according to website BrickEconomy.
香蕉视频直播淭he biggest thing about Lego investment is the scarcity. It does not flood the market,香蕉视频直播� said Luke Strauer, co-founder of Brickfact, a Lego enthusiast website. 香蕉视频直播淢illennials are able and willing to spend money on these nostalgic things. They get reminded of its value by having children. Unlike commodities such as gold, Lego still has a real value if you play with it or display it.香蕉视频直播�
But before you go digging into your toy box to find your old Lego pieces, some business-minded individuals state that just like commodities, collectables can be a risk, albeit with a little less volatility.
香蕉视频直播淭he money supply within the world has gotten larger,香蕉视频直播� says Mia Maki, Associate Dean of the Peter G. Gustavson School of Business at the University of Victoria. 香蕉视频直播淟ego is a collectable, and if you are passionate about Lego you may or may not invest in it. But it may or may not appreciate in value, based on a multitude of factors such as whether or not investors may continue to be interested or engaged within the market.香蕉视频直播�
香蕉视频直播淭here are different asset classes. If you invest in stocks, then that香蕉视频直播檚 what you invest in; if you invest in bonds, you invest in bonds. If you香蕉视频直播檙e investing in Lego, you香蕉视频直播檙e investing in a children香蕉视频直播檚 toy,香蕉视频直播� said Maki.
That doesn香蕉视频直播檛 seem to bother Fox, a father of seven, who has held onto that passion from childhood, and instilled it into his children as well.
香蕉视频直播淥ne of the geniuses of Lego is that Lego IS cool,香蕉视频直播� said Fox. 香蕉视频直播淓ach of my kids have kind of found their niche and what they like. It香蕉视频直播檚 fun and encouraging and you can get your kids off a screen and build some lego. And you can be a part of that too.香蕉视频直播�
Edward Hitchins
edward.hitchins@campbellrivermirror.com
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