Meet the world's most expensive Lego
The solid gold brick was given as an employee appreciation gift decades ago. And one of them just found a new owner.
That's exactly what some lucky Lego employees received from the company nearly 40 years ago. From 1979 to 1981, the brick was awarded to certain workers who had put in at least 25 years at the Lego factory in Hohenwestedt, Germany.
And what a gift. The 14-carat gold Lego weighs 0.8246 troy ounces. And one of those bricks was just sold for $12,500.
The brick was sold by avid Lego collector John Hughbanks. He tried to nab the brick about nine months ago when it was auctioned at a German site, but lost out to another bidder. He found the bidder later and negotiated a price, and then put the brick up for sale on eBay (EBAY) and on his brand new website, Brick Envy. He priced the brick at $14,449.99.
When the Lego piece started getting some attention, Hughbanks received a bid on eBay for $12,500 and decided to sell it.
"It was a tough call for me, to be honest, because I really didn't want to sell it," Hughbanks said in an interview. "It was one of those things, what do you do?" But the customer had purchased some high-end items from Hughbanks in the past, so Hughbanks knew it was a solid deal.
Hughbanks estimated that the meltdown value of the brick is only around $920. What makes it special, he said, is the story behind it.
"Somebody had to work for 25 years to get that little gold brick," he said. "A lot of people, they put themselves in those shoes and the story just goes from there."
He said the brick reminds him of the gold watches that workers sometimes get from their bosses. Some people just store it in a closet for a while and eventually sell it or throw it away. But those gifts are a symbol of someone's career, and many years of their life.
"That's dedication," he added.
More from Money Now
- Holy tweet! The Pope joins Twitter
We still give gifts every 10 years, and a pin every 5. (CEO of a community bank, been around 120 years)
Copyright © 2013 Microsoft. All rights reserved.
Fundamental company data and historical chart data provided by Morningstar Inc. Real-time index quotes and delayed quotes supplied by Morningstar Inc. Quotes delayed by up to 15 minutes, except where indicated otherwise. Fund summary, fund performance and dividend data provided by Morningstar Inc. Analyst recommendations provided by Zacks Investment Research. StockScouter data provided by Verus Analytics. IPO data provided by Hoover's Inc. Index membership data provided by Morningstar Inc.
Reports say the generous benefactor behind the huge gratuities is a former PayPal executive.
- Chinese investors are buying up Detroit
- Mega Millions jackpot hits $344 million
- 5 reasons to think twice about a balance transfer card
- Will I have to pay taxes because of a foreclosed home?
- 5 things that won't affect your credit scores
- The 7 deadly sins of winter driving
- 8 questions to ask before Mom and Dad move in
- High deductibles fuel new worries of Obamacare sticker shock
- How to use your credit card to donate to charity
[BRIEFING.COM] The major averages spent the entire session in a steady downtrend, but despite persistent selling pressure, today's losses were limited in scope. The Dow, S&P 500, and Nasdaq shed between 0.2% and 0.3% while the Russell 2000 lagged, falling 0.9%.
The underperformance of the Russell 2000 was likely owed in part to tax-loss selling, which tends to pick up this time of year. Small-caps often feel that pinch in a stronger fashion than large-cap issues since individual ... More
More Market News
John Stumpf acknowledges that growth has been slow, but he says he's still optimistic.