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The LEGO Ideas series is a collection of sets that are made by fans, for fans. They’re created through a process that involves submitting a design, getting community support, and then getting produced by the wonderful folks at LEGO. The LEGO Ideas series has been around for a few years now and shows no signs of slowing down. Recently, one of the most popular sets in the series has been the LEGO Ideas Grand Piano, and it’s not hard to see why. It’s a fully-functional mini-piano that you can build yourself, complete with keys that actually work. I mean, come on, who wouldn’t want to impress their friends with their musical LEGO skills? The LEGO Grand Piano is just one example of the amazing sets you can find in the Ideas series. If you’re a fan of LEGO and creativity, I highly recommend checking it out. Who knows, maybe you’ll be inspired to submit your own design!
Set Details
The LEGO® Ideas Grand Piano (21323) is an impressive model consisting of 3,662 pieces. It is an ideal choice for both music enthusiasts and LEGO fans. Get ready to experience the satisfaction of constructing a brick-built concert grand piano that can actually produce music! This intricate model replicates the hammer action of each piano key, along with features like moving pedals, a propped-open top lid, and fallboard for an authentic feel. By activating the motor and using the free LEGO Powered Up app, you can either play the notes yourself or simply listen to the auto play feature. When closed, the piano measures over 22.5cm high, 30.5cm wide, and 35.5cm deep, making it an elegant addition to any home or workplace. It also serves as a fantastic gift for musicians, music lovers, pianists, and hobbyists.
| Model Name | Grand Piano |
| Model Number | 21323 |
| Theme | Ideas |
| Sub Themes | N/A |
| Pieces | 3662 |
| Minifigures | 0 |
| Launch Date | August 2020 |
| Current Status | Lego Exclusive |
| Date Retired | N/A |
| RRP | £345 |
Investment Potential
LEGO Ideas Grand Piano is available exclusively at LEGO for £344.99, the LEGO Ideas set comes with 3,662 pieces and looks a stunning model to build and play, but is it a worthwhile investment?
| Launch RRP | £210 |
| Price Per Piece | £0.09 |
| Launch Price per piece | £0.09 |
| 5th Year Value | £459 |
| Percentage Increase | 33% |
| Expected Annual Growth | 10% |
| Theme Growth | 12% |
| Sub Theme Growth | N/A |
Theme Analysis
Because of its nature, the Ideas theme is very broad and in some respects it is hard to use the retired sets as a benchmark for future sets performance. That said, it is a very popular and successful theme which has delivered 12% annualised growth.
A couple of very successful sets are LEGO Ideas Voltron (21311) which has doubled its £160 RRP since retiring at the end of 2019 (annualised growth of 21%) and LEGO Ideas The Beatles Yellow Submarine (21306) which has nearly trebled from its RRP of £54.99 when it retired at the end of 2017 (21% annualised growth).
| Set Number | Set Name | Retired Date | RRP | Current Value | Total Growth | Annualised Growth |
| 21311 | Voltron | December 2019 | £160 | £320 | 100% | 21% |
| 21309 | NASA Apollo Saturn V | December 2019 | £110 | £141 | 28% | 7% |
| 21306 | The Beatles Yellow Submarine | December 2017 | £55 | £157 | 186% | 21% |
| 21308 | Adventure Time | December 2018 | £45 | £57 | 26% | 5% |
Comparable Set Analysis
As alluded to above, finding direct comparator sets is very hard within this theme, we have looked at some of the other Ideas sets that have no sub-theme and can see that there is a varied level of performance.
LEGO Ideas Maze (21305) has more than doubled in value since retiring in 2016 (13% annualised growth) and LEGO Ideas Birds has more than trebled in value since retiring in 205 (17% annualised growth).
| Set Number | Set Name | Retired Date | RRP | Current Value | Total Growth | Annualised Growth |
| 21322 | Pirates of Barracuda Bay | December 2021 | £180 | £250 | 39% | 23% |
| 21313 | Ship in a Bottle | December 2019 | £70 | £91 | 31% | 8% |
| 21305 | Maze | December 2016 | £60 | £134 | 123% | 13% |
| 21301 | Birds | December 2015 | £40 | £131 | 227% | 17% |
Conclusion
Whilst the LEGO Icons theme shows double digit growth across the retired sets, we don’t think there is a strong enough correlation between sets to use it as an indicator to recommend investing, especially at this price point and in the absence of any discounts.
That said we wouldn’t be against it as an investment, but we would probably wait to see whether there were any sizeable discounts available ahead of retirement.
