Yahoo Finance How about investing in a £1,000 Lego Taj Mahal for your true love?
India’s Taj Mahal is one of the wonders of the world but for those who want a more affordable substitute for their one true love, how about a collectors’ lego version?
Commissioned in 1632 by the Mughal emperor, Shah Jahan to house the tomb of his favourite wife, Mumtaz Mahal, it cost approximately, $827 million to make with the help of 20,000 workers.
In contrast, we can assure you the Lego version would not take as long to construct with only 5,922 pieces, it is on a much smaller scale.
In recent years certain rare Lego sets have also been appreciated greatly in value. The Taj Mahal Lego edition was priced at £199.99 and is now selling for over £1,000.
Lee Goggin, co-founder of findawealthmanager.com says there’s a growing number of people in their late 30s and 40s who have enough disposable income to spend on these items and they may have also have children they can use as an excuse to make this kind of purchase.
Furthermore, in a world in which children are more interested in gaming and smartphones, it is easier to keep them in saleable investment-grade condition.
It is difficult to know which Lego sets are likely to appreciate in value but larger architectural pieces which have been made in limited numbers have proved popular with collectors and enthusiasts.
Goggin says: “The Lego Taj Mahal can command prices over £1,000 and the Lego Star Wars Ultimate Collector’s Millennium Falcon is also likely to set you back in excess of £1,000 – it cost about £350 when new. The collector’s edition Lego Star Destroyers or Death Stars also sell for hundreds of pounds more than their original retail prices.”
Written by London-based journalist Tanzeel Akhtar. Her work has been published in the Wall Street Journal, FT Alphaville, CNBC, Citywire, Euromoney, Interactive Investor.
Disclaimer: The content on this page does not constitute financial advice and is provided for general information purposes only. Nothing on this page should be regarded as an offer to conduct investment business or to buy/sell any investment.
