• A
  • A
  • A
  • ABC
  • ABC
  • ABC
  • А
  • А
  • А
  • А
  • А
Regular version of the site
For visually-impairedFor visually-impairedUser profile (HSE staff only)Search
Advanced search
Menu
HSE University

The LEGO Market As a Market of Alternative Financial Investments

Student: Irina Kozlova

Supervisor: Alexandra Galanova

Faculty: Faculty of Economic Sciences

Educational Programme: Financial Engineering (Master)

Final Grade: 8

Year of Graduation: 2024

This work examines the characteristics of the LEGO market and the factors influencing the profitability of LEGO sets. The theoretical part reviews existing research in the field of alternative investments, such as art, precious metals, and collectibles. Special attention is given to the relatively unexplored LEGO market. The practical part includes an analysis of data obtained from the Brickset website. The sample consists of 3,858 LEGO sets released between 1990 and 2023. It was found that sets on the primary market for less than 200 days are more likely to become profitable investments. Additionally, the authorship of a set by individuals such as Adam Grabowski or Lykke Madsen positively affects its profitability. Based on the results, recommendations are provided to potential investors on choosing LEGO sets for investment. Transaction and storage costs associated with investing in LEGO sets are also discussed. Keywords: alternative investments, LEGO, profitability, econometric analysis, collectibles.

Full text (added May 14, 2024)

Student Theses at HSE must be completed in accordance with the University Rules and regulations specified by each educational programme.

Summaries of all theses must be published and made freely available on the HSE website.

The full text of a thesis can be published in open access on the HSE website only if the authoring student (copyright holder) agrees, or, if the thesis was written by a team of students, if all the co-authors (copyright holders) agree. After a thesis is published on the HSE website, it obtains the status of an online publication.

Student theses are objects of copyright and their use is subject to limitations in accordance with the Russian Federation’s law on intellectual property.

In the event that a thesis is quoted or otherwise used, reference to the author’s name and the source of quotation is required.

Search all student theses