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The Economics of LEGO Piece Pricing


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Fascinating article on LEGO pricing (and secondary markets!)

If all the signs lead to the price of LEGO not increasing overtime, then why is there a common belief that it has? I have couple hypotheses:

1. Children who were bought LEGO as gifts are now old enough to buy it for themselves and for others as gifts and they are surprised by the price.

2. The advent of collectible LEGO sets and the internet has driven the secondary market of LEGO through the roof

The whole article is worth reading.

And this history of LEGO video is worth watching:

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