Comment by munk-a
13 hours ago
It isn't - deprecation of held goods is always a risk and if you're working on consignment then that comes with weird financial liabilities. If there's a flood and you lose your inventory it sucks - if there's a flood and you lose an inventory of consigned values then suddenly you're potentially exposed to paying market value for a number of items in addition to all the site damage you'll need to address. Capacity is one aspect of the costs of holding inventory - but breakage is the much more expensive consideration and consignment just makes it even more expensive.
I believe in this case the consignment contract requires the store to hold insurance on the consigned merchandise, which I assume is intended to address this concern.
None of this is a risk with Lego.
Depreciation: not going to happen on Star Wars sets that are not longer in production.
Water damage: Lego is water proof.
Breakage: being easy to take apart and put back together is Lego’s core principle.
a large part of the value of secondhand stuff is in the box and packaging, assuming those nice boxes in the image were from his collection - those are a little more fragile than the Lego pieces themselves.
Edit: wait, the whole collection was sealed and new in box. Yea, just water damage to those boxes would cut the value by at least 10%. Collectors are picky as shit.
They were sealed in box? Yeah you'd be right that damage would be easy and could significantly reduce the value.
I didn't realize people bought Lego to leave in the box. But I guess I shouldn't be surprised because it's a common thing for collectors to do in other hobbies.