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For those that are surprised that it's "so expensive", LEGO is usually very expensive (and totally worth it.) This is only 119 euros/dollars (same for both) and
by owenversteeg 10y ago
For those that are surprised that it's "so expensive", LEGO is usually very expensive (and totally worth it.) This is only 119 euros/dollars (same for both) and I know I'll be buying it both for myself and as a gift for my best friend (unless she gets it for herself first.)
LEGO sets have an average price per piece of around 10 cents, which has been pretty stable since the late 70s [0]. With 1969 pieces (which is a fantastic number) you'd expect the set to cost $216.59 at the current average of 11 cents per piece, so this is a fantastic deal.
It's also a meter high (about 3 foot 4 for the Americans) which is really fantastic.
[0] https://flowingdata.com/2013/02/07/analysis-of-lego-brick-prices-over-the-years/ https://flowingdata.com/2013/02/07/analysis-of-lego-brick-pr...
- btown 10y agoFor anyone curious why the price for a piece of plastic is so high, the molds are built to ridiculous tolerances for the plastic industry. https://www.wired.com/2013/02/retired-lego-mold-reddit/ https://www.wired.com/2013/02/retired-lego-mold-reddit/
- _nedR 10y agoSeriously? Lego has been in business for almost a century. They should have recuperated their initial costs for their molds by now.
- Orangeair 10y agoThey're creating new pieces all the time, plus the molds have a limited lifespan in order to maintain those high tolerances.
- eyesee 10y agoMolds have a finite cycle count before parts go out of tolerance. A typical steel mold might have a million cycles, more complex and precise ones may be much less. At the volumes Lego delivers (~19 billion elements a year), I'd expect nearly 100% turnover each year.
- vidarh 10y agoOne of my favourite examples is the black vs grey pins. Here's the black one [1], and [2] is the grey one. It's one of those parts that often look like it's a rather haphazard choice which one to use. And sometimes it might be. But the black one has friction ridges that are a tiny fraction of a millimetre. Little enough that for constructions where friction doesn't matter (you just want to connect two parts and something else will prevent rotation), they are mostly interchangeable, but the grey ones work better to connect wheels that you actually want to be able to spin, and the black one works better if you want to build a rigid structure. You don't tend to find two parts that similar with that kind of minor difference for most non-lego plastic building blocks because most of them don't manufacture their parts precisely enough for it to work. [1] https://www.bricklink.com/v2/catalog/catalogitem.page?P=2780#T=C https://www.bricklink.com/v2/catalog/catalogitem.page?P=2780... [2] https://www.bricklink.com/v2/catalog/catalogitem.page?P=3673#T=C https://www.bricklink.com/v2/catalog/catalogitem.page?P=3673...
- heeen2 10y agoThe black ones are also a softer material than the gray ones.
- johansch 10y agoWell, there's also that 32.8% LEGO Group operating margin...
- sbuttgereit 10y agoYes, they deliver value for money and profit from it! Great and more power to them! It's a show of how much greater in value their product is to their customers than the sum of its constituent parts/labor (or, put another way, its cost). Whenever someone goes out of their way to complain about the profit someone makes (as though its dirty somehow) I always wonder... have you ever calculated your own profit margin? Having a job is rarely free and, unless you you're just living off prior earnings/trust fund/etc. this is a figure you can come up with. Most people I've known, including myself over time (I've for worked everything from minimum wage to very healthy salaries), have done pretty well in the profit margin percentage area as compared to the 32.8% markup you cite. To be fair, you certainly didn't register a complaint per se in your comment, but something to think about before making that complaint.
- 086421357909764 10y ago+1 Making money isn't bad.
- mwfj 10y ago-1 Off-topic. (I just explained why Lego is expensive. Nothing else.)
- deleted 10y ago[deleted]
- johansch 10y agoWell that was weird. The grandparent asked why LEGO was so expensive. People reply with familiar Lego Group PR sound bytes that don't explain the markup. I reply with fresh economic facts that actually explain the costs and I am implicitly being cast as either a communist or as being ignorant? Maybe don't be so judgemental for no reason?
- jamesrcole 10y agoThere's also a Planet Money episode on this http://www.npr.org/sections/money/2012/12/13/167055503/why-legos-are-so-expensive-and-so-popular http://www.npr.org/sections/money/2012/12/13/167055503/why-l...
- ctdonath 10y agoThey also discard (melt & reuse) a ridiculous number of bricks. Someone did a study on the standard deviation of sold Lego bricks, and found extremely tight tolerances. The patent expired long ago, but few companies will put that much effort into making those shapes that precisely.
- thomnottom 10y agoA friend of mine was confused as to how they continue to sell so well without the patents and I told him to try to build with MegaBlox. The knock offs are terrible and barely hold together. I can still build with 30+ year-old Lego pieces.
- rrauenza 9y agoThat reminds me of the guy who built a machine to stress test the bricks to see how many cycles it would take to wear it out: https://www.youtube.com/watch?time_continue=1&v=Tnb-LUM0yd4 https://www.youtube.com/watch?time_continue=1&v=Tnb-LUM0yd4 edit: Ah! He did it for this stack exchange question - https://bricks.stackexchange.com/questions/1754/how-much-usage-can-a-lego-piece-take-before-it-loses-its-clutch-power https://bricks.stackexchange.com/questions/1754/how-much-usa...
- cptn_brittish 10y agoIn my family Lego is something passed down to the parents kids as it just doesn't die.
- hh2222 10y agoThe ultimate recyclable toy!
- mschuster91 10y agoIn fact, when I was young, I built little ships and using an RCX even a submarine, using only plain Lego pieces and a shredded paper towel in a little "chamber" between the water and the motor to keep incoming water from damaging the motor. Funny enough, the towel was enough to sustain half an hour of water exposure. Legos are amazing.
- votepaunchy 10y ago$0.10 per brick yields a wildly inaccurate estimate. It would be much better to look at which pieces are included in each set rather than average the cost per brick across all sets sold by year.
- jncraton 10y agoIndeed. Here's a basic analysis I did on bricks.SE of price per pound of bricks in retail sets if that's more helpful than price per piece: https://bricks.stackexchange.com/a/8216/708 https://bricks.stackexchange.com/a/8216/708
- djrogers 10y agoYou may think it's wildly inaccurate, but head over to the lego store and you'll see how closely this holds up. This is by far the highest piece count model I've seen for $119.
- mcv 10y ago> With 1969 pieces (which is a fantastic number) Seriously? How do you design something with that kind of easter egg in it?
- ianai 10y agoYou be one of those engineers