Investors are looking for new ways to make money and they are looking at an unexpected place – toys.
CGTN’s Phil Lavelle reports.
Investors look at toys, Lego for the next big buckInvestors are looking for new ways to make money and they are looking at an unexpected place – toys. CGTN’s Phil Lavelle reports.
Investors and collectors are finding a fortune in toys like Lego – the little plastic bricks can be worth their weight in gold.
Since 2000, the price of gold’s risen – on average – 9.6 percent a year while some Lego box sets have gone up 12 percent annually.
That is a lot of money for what are essentially, small pieces of colorful plastic. But there is a caveat-you better not open the box.
“As soon as you open it, they lose 10-20 percent of the value..” collector Thomas Mueller said. “It’s a huge part of my pay check and I probably spend more than some people make.”
Lucrative Lego includes the original Star Wars Millennium Falcon – once $400, now worth around $3500. And the Taj Mahal, originally $250, now worth nearly ten times that.
So if you have Lego, which you’re desperate to open, hold on a second – and listen to this.
Christopher Byrne talks about top players in the toy industry
For more on the toy industry and whether or not it’s worth investing in, CGTN’s Rachelle Akuffo spoke to Christopher Byrne, content director at Toys, Tots, Pets and More.