You might be sitting on a small fortune if you have old Lego stashed away in your basement. Savvy collectors are cashing in on as much as $10k by selling this popular and timeless toy.
According to eBay, Lego has seen its popularity sky-rocketing lately and it is thanking the new Australian television series Lego Masters for it. There has been an unprecedented demand for new sets and the online marketplace says that rarer collections are earning quite a profit with some fetching as much as $10,000.
"If you've got unused Lego in the back of a cupboard, now's the time to dust it off and cash in," said eBay Australia Trendwatcher, Sophie Onikul. She also added that complete sets are where the real money lies with rare sets fetching thousands of dollars.
Lego sets which earned the most on eBay include the Star Wars Millennium Falcon, first edition, with a reported sales figure of $9,500 and a Star Wars Figurine C-3PO solid gold 14K, $8,507. Ranking third on the list of top sellers is the Star Wars 10179 Millennium Falcon, which sold for $8,475.
The Harry Potter Fantastic Beasts Lego set also earned quite a sum on the site after having sold for $8,000. Other Lego sets to have sold for upwards of $7,000 include Capitol Washington Building, USA Congress, $7,841.
"With tens-of-thousands of Lego listings on ebay.com.au at any one time and 40,000 of Australia's biggest retailers, eBay is the destination for Lego fans to browse and shop a huge range in one place," MsOnikul said.
One collector, Jay Ong from Jay's Brick Blog said those interested in 'brick-vesting' - investing in collectable Lego - should consider scouring the auction site for rarer sets.
"I have an eclectic taste in Lego and have been an avid fan of using eBay to bolster my collection since I started collecting 12 years ago. With the ever-growing market of Lego, it's no surprise that more of us are becoming savvier about the value of our collections."
In an interview with Daily Mail Australia, Chad Aitken from Los Lobos in Melbourne said vintage Lego collections hold their value but they need to be a complete set.
"The collections which often bring in the biggest prices are the classic series, Star Wars, Harry Potter and DC and Marvel sets," Aitken said.
So, what are you waiting for? Time to go lego hunting.