AgBQ-00 said:

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same could be said for the dollar. or any other thing that can be sold...it only has the value that someone has for them. that is the whole basis of monetary policy and free markets. what will someone pay for them...

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The dollar has value because everyone, who has dollars, agrees that it has value. Bit coin has value because enough people agree that it has value. Small pieces of plastic have a much much smaller set of people who agree that they have value.

I must have missed it. Where was it proven that they could do consignment?

but they still agree it has value. again the market has decided that these collectibles have some value. it will wax and wane like any collectible market but it is a bit snobbish to declare anyone who enjoys that hobby "needs to get a life". I personally don't do collectibles. Have not for a long time. But it is literally a multi-millions of dollars market.

iirc it was in the first video. not sure though...it is like drinking from a firehose with this LOL

What is a more believable scenario here.

1. A corporation willfully stole an old man's prized Lego collection.
2. A small business operator going bankrupt and facing losing their business and livelihood cheated the old man out of money by selling much of his collection and failing to report the sales to him.


The franchisee that was foreclosed on is likely the culprit IMO and the items were never moved off property she sold them. I'm sure she told herself she just needed the money to stay afloat and she would make it back and pay the man eventually but her House of Cards crashed.

Video from previous franchise owners that were moving out of the country. The board will not like the reason they give for moving (but it is very Oregon liberal)

bonfarr said:

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What is a more believable scenario here.

1. A corporation willfully stole an old man's prized Lego collection.
2. A small business operator going bankrupt and facing losing their business and livelihood cheated the old man out of money by selling much of his collection and failing to report the sales to him.


The franchisee that was foreclosed on is likely the culprit IMO and the items were never moved off property she sold them. I'm sure she told herself she just needed the money to stay afloat and she would make it back and pay the man eventually but her House of Cards crashed.

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Obviously didn't watch any of the videos. There is extensive documentation and video/recorded evidence.

Urban Ag said:

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AgBQ-00 said:

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what about baseball cards? rolex watches? vintage cars? If it is something you've collected over the course of your life (in this case and 80+ year old man) you can build a lot of value.

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Yep. Lego set collection is a thing. One of my sons is very in to it. He even buys certain sets, sits on them, and sells them later. Made some decent money on a few. My understanding is that Lego has limited runs on most sets and may or may not bring the sets back in the future. Not my thing but It's pretty fun to watch. .

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The secondary Lego market is weird. I was helping my adolescent son with some unique builds pre-covid and got familiar with the brick resellers in San Antonio. Don't use the word Lego when doing business with them because the Danish Mafia might come looking for you.

The BAM store I tried to avoid because they felt corporate, and their prices were high. There was an guy that had an independent store San Antonio Plastic Brick (SAPB). He was a veteran, easy going, and often would sell unsorted Lego by the pound. He had a Lego savant that s worked for him that could look at an unassembled pile of bricks and tell you what set it was. He also hosted kids birthday parties and small corporate team building sessions using Lego as his hook. Good guy.

One thing he had on consignment in his store was a large Millennium Falcon assembled. It was like the $1000 Lego set, but this one had been created from all black bricks. It was 3-4' long and impressive as hell. One of his rich customers had commissioned some Lego nerd to build it for him. He had it on display in his house for about 6 months and decided he didn't want it anymore, so he asked SAPB if they could help find a buyer. I think he was asking about $4k for it.

(like below but black)

doubledog said:

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AgBQ-00 said:

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what about baseball cards? rolex watches? vintage cars? If it is something you've collected over the course of your life (in this case an 80+ year old man) you can build a lot of value.

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Rolex watches, yes (gold) and Vintage cars have value in and of themselves, Legos and Baseball cards the only value is what someone is willing to pay for them, not how much you value them.

---

What is the value of one Bitcoin?

Why is that the appropriate value?

What is the value of one share of Tesla?

Why is that the appropriate value?

coconutED said:

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bonfarr said:

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What is a more believable scenario here.

1. A corporation willfully stole an old man's prized Lego collection.
2. A small business operator going bankrupt and facing losing their business and livelihood cheated the old man out of money by selling much of his collection and failing to report the sales to him.


The franchisee that was foreclosed on is likely the culprit IMO and the items were never moved off property she sold them. I'm sure she told herself she just needed the money to stay afloat and she would make it back and pay the man eventually but her House of Cards crashed.

---

Obviously didn't watch any of the videos. There is extensive documentation and video/recorded evidence.

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I'm not going to watch all of the videos to get the answer. So there is documented video evidence of the chain of custody for the items from the time they were consigned and after the franchise takeover? Based on the Company response it sounds like their position is they never saw more than a few small items when inventory was done.

AgBQ-00 said:

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But it is literally a multi-millions of dollars market.

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I know and that is what scares me !

BusterAg said:

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doubledog said:

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AgBQ-00 said:

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what about baseball cards? rolex watches? vintage cars? If it is something you've collected over the course of your life (in this case an 80+ year old man) you can build a lot of value.

---

Rolex watches, yes (gold) and Vintage cars have value in and of themselves, Legos and Baseball cards the only value is what someone is willing to pay for them, not how much you value them.

---

What is the value of one Bitcoin?

Why is that the appropriate value?

What is the value of one share of Tesla?

Why is that the appropriate value?

---

It is all about the numbers for Bitcoin and Tesla. The more people that value those items the deeper the value. Your house has more value if you have 1000 people bidding on it, rather than just one.

doubledog said:

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BusterAg said:

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doubledog said:

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AgBQ-00 said:

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what about baseball cards? rolex watches? vintage cars? If it is something you've collected over the course of your life (in this case an 80+ year old man) you can build a lot of value.

---

Rolex watches, yes (gold) and Vintage cars have value in and of themselves, Legos and Baseball cards the only value is what someone is willing to pay for them, not how much you value them.

---

What is the value of one Bitcoin?

Why is that the appropriate value?

What is the value of one share of Tesla?

Why is that the appropriate value?

---

It is all about the numbers for Bitcoin and Tesla. The more people that value those items the deeper the value. Your house has more value if you have 1000 people bidding on it, rather than just one.

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So do Legos.

Waffledynamics said:

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I must have missed it. Where was it proven that they could do consignment?

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I don't think that matters. A franchisee is an entity able to enter into contracts. If they agreed with franchisor not to, the dispute is between franchisee and franchisor. If the franchisor acquires the business, they acquire the assets and liabilities (known and unknown) of the business. The buyer can go back and try to recover for those previously unknown liabilities from the seller.

Waffledynamics said:

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I must have missed it. Where was it proven that they could do consignment?

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In their franchise agreement...

bonfarr said:

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What is a more believable scenario here.

1. A corporation willfully stole an old man's prized Lego collection.
2. A small business operator going bankrupt and facing losing their business and livelihood cheated the old man out of money by selling much of his collection and failing to report the sales to him.


The franchisee that was foreclosed on is likely the culprit IMO and the items were never moved off property she sold them. I'm sure she told herself she just needed the money to stay afloat and she would make it back and pay the man eventually but her House of Cards crashed.

---

The inventory was in the store when the franchisor took over, and it was apparently there for weeks after being displayed on shelves. All of the consigned inventory was conspicuously marked.

You should go watch the videos. 100% believable that the franchisor thought they could get one over on the consignee

txyaloo said:

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Waffledynamics said:

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I must have missed it. Where was it proven that they could do consignment?

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In their franchise agreement...

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This says they can offer consignment services if approved by BAM, no?

BAM CEO and COO previously sued their dad over the family company, Legally Mine, then withdrew it

BusterAg said:

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doubledog said:

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AgBQ-00 said:

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what about baseball cards? rolex watches? vintage cars? If it is something you've collected over the course of your life (in this case an 80+ year old man) you can build a lot of value.

---

Rolex watches, yes (gold) and Vintage cars have value in and of themselves, Legos and Baseball cards the only value is what someone is willing to pay for them, not how much you value them.

---

What is the value of one Bitcoin?

Why is that the appropriate value?

What is the value of one share of Tesla?

Why is that the appropriate value?

---

What is the value of gold?
What is the value of a dollar?
What is the value of one hour of your work?
What is the value of your soul?


Markets are discovery processes for subjective human valuations.

txyaloo said:

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drewser95 said:

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Heard it on the car radio yesterday evening during the Will Cain show.

I haven't had a chance to watch the videos, but two questions are:

1. How was he able to sue the store owners on behalf of the elderly man?
2. Why did he serve the court papers to the store owners directly instead of using a process server?

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1) The original owner of the legos sold them to Ben. Ben then sold them to a few friends so they could file multiple suits in small claims court. Bricks and Minifigs didn't respond to the suit so they won by default
2) Ben had to make a bonafide attempt to settle before the court would accept the filings. This lead to his trespass. He then hired an independent process server and the local PD also claimed they were trespassing
3) The guy he was trying to serve claimed to the PD Ben had heroin in his car. PD stopped and detained him for 3+ hours while searching the car
4) PD claimed he ran a stop sign as RAS for the stop. Body/dash cam shows they did a full/complete stop and paused before continuing

The entire thing seems crooked.

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What also looks sketchy to me is the rampant redaction of the audio from the police body cams as cops were scheming on how what they could possibly arrest them for after the 3 hour fishing expedition for "heroin" turned up absolutely nothing.

Ducks4brkfast said:

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txyaloo said:

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Waffledynamics said:

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I must have missed it. Where was it proven that they could do consignment?

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In their franchise agreement...

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This says they can offer consignment services if approved by BAM, no?

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I'm not an attorney, but I have drafted a ton of business contracts for a large corporation. My reading is the named items are permitted by the agreement while "other toy related services" must be approved by BAM.

Yeah I just read it on my computer I agree

Applied Energy said:

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BusterAg said:

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doubledog said:

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AgBQ-00 said:

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what about baseball cards? rolex watches? vintage cars? If it is something you've collected over the course of your life (in this case an 80+ year old man) you can build a lot of value.

---

Rolex watches, yes (gold) and Vintage cars have value in and of themselves, Legos and Baseball cards the only value is what someone is willing to pay for them, not how much you value them.

---

What is the value of one Bitcoin?

Why is that the appropriate value?

What is the value of one share of Tesla?

Why is that the appropriate value?

---

What is the value of gold?
What is the value of a dollar?
What is the value of one hour of your work?
What is the value of your soul?


Markets are discovery processes for subjective human valuations.

---

There are pawn stores on every street that will buy your gold
There are stores on every street that will exchange your dollar for goods.
There are many employers that are willing to compete for your work, on an hourly basis.
Only God knows the value of a single soul.

Ducks4brkfast said:

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txyaloo said:

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Waffledynamics said:

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I must have missed it. Where was it proven that they could do consignment?

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In their franchise agreement...

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This says they can offer consignment services if approved by BAM, no?

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Probably not.

"approved by us" is most likely tied to "other toy services", not the whole list. You can make an argument that it applies to the whole list, but will be an uphill battle.

I think you also have to consider the fact that the corporate social media accounts posted about some of the items in the collection. It is hard to say we don't approve of this, when you turn around and use it for marketing.

PSA for Lego nerds out there, posting for a friend.

If you want to get more value out of your sets, you can purchase instructions from Rebrickable to create new builds from existing kits, usually using just the parts from that kit. For example, this Lego 911 kit (kind of lame if you ask me) can be rebuilt into a Countach. Some think it looks better than the official Lego Countach kit.

Again, no extra pieces needed other than what originally came with the kit. PDF instructions are $10-15 to download.

First of all, this is the quietest spokesman ever. Wtf?

Second, around 9 minutes in, he says that Joshua Johnson told the police that he was going to shoot Ben. Why is that just brushed over?

Have not watched this video, but have seen this lawyer's videos before. This is going to get really interesting.

I tried to watch some of these videos but stopped when this kid was walking into the store in nothing but his underoos. I cant stand the childish prank shockster YT content people.

doubledog said:

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Applied Energy said:

---

BusterAg said:

---

doubledog said:

---

AgBQ-00 said:

---

what about baseball cards? rolex watches? vintage cars? If it is something you've collected over the course of your life (in this case an 80+ year old man) you can build a lot of value.

---

Rolex watches, yes (gold) and Vintage cars have value in and of themselves, Legos and Baseball cards the only value is what someone is willing to pay for them, not how much you value them.

---

What is the value of one Bitcoin?

Why is that the appropriate value?

What is the value of one share of Tesla?

Why is that the appropriate value?

---

What is the value of gold?
What is the value of a dollar?
What is the value of one hour of your work?
What is the value of your soul?


Markets are discovery processes for subjective human valuations.

---

There are pawn stores on every street that will buy your gold
There are stores on every street that will exchange your dollar for goods.
There are many employers that are willing to compete for your work, on an hourly basis.
Only God knows the value of a single soul.

---

You chose not to answer the questions, is this because you suffer from the derp?

Or is it because markets, like pawn shops for instance, are the discovery process for subjective human valuations, and everything INCLUDING the dollar has subjective human value, and nothing holds OBJECTIVE human value.

bonfarr said:

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I tried to watch some of these videos but stopped when this kid was walking into the store in nothing but his underoos. I cant stand the childish prank shockster YT content people.

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If you watched the first 2 posted videos that doesn't really happen until the end of the second video as I recall (I watched them earlier today).

To the meat of your point though - even Asmongold admitted this Ben buy swings wildly back and forth from a 2 to a 200 IQ in a second. He's got some great ideas...and some really terrible ones - probably partly inspired to get clicks from his target audience.

None of that makes up though for the truly incredulous things that he documents - some of which I think are his own fault as a result of how he goes about things. But despite all that - its an incredible story and I think those BAM guys are bad news.

I can't see how this doesn't get made into a Netflix documentary one day once its all over and done.

doubledog said:

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Applied Energy said:

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BusterAg said:

---

doubledog said:

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AgBQ-00 said:

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what about baseball cards? rolex watches? vintage cars? If it is something you've collected over the course of your life (in this case an 80+ year old man) you can build a lot of value.

---

Rolex watches, yes (gold) and Vintage cars have value in and of themselves, Legos and Baseball cards the only value is what someone is willing to pay for them, not how much you value them.

---

What is the value of one Bitcoin?

Why is that the appropriate value?

What is the value of one share of Tesla?

Why is that the appropriate value?

---

What is the value of gold?
What is the value of a dollar?
What is the value of one hour of your work?
What is the value of your soul?


Markets are discovery processes for subjective human valuations.

---

There are pawn stores on every street that will buy your gold
There are stores on every street that will exchange your dollar for goods.
There are many employers that are willing to compete for your work, on an hourly basis.
Only God knows the value of a single soul.

---

There are also stores that sell collectable Lego kits. One such store, which I would not recommend, is named Bricks and Minifigs.

The most unfortunate side effect of this story is that all of the franchisees are going to suffer even though they did not do anything related to this at all. The CEO is not doing himself any favors and it sounds like he surrounds himself with some dishonorable people so I could not care less about the business overall but it sucks for everyone else.

After listening to some legal experts discuss it, it sounds like the original franchisees may be the ones who are really at fault and may have been cheating the consignor. People hate the corporate heads so much though that even that couple is making a lot off of a GoFundMe.