LEGO 1188 Fire Formula is a Town set from 1999 valued at $27 for new and sealed sets, up 512% from an original retail price of $4.49. Annual appreciation has averaged 4.40% since release. On the used market, values range from $4 to $6 based on condition.
LEGO 1188-1 Fire Formula is a Town Extreme Team set released in 1999, containing 38 pieces and 1 minifigure. The set builds a small green and red race car and includes a driver minifigure identified as Octan Racer, also known as Octan Man. It was distributed as a regional promotional release in Japan, where it was packaged in a box with Kabaya sweets. The set is part of the late 1990s Extreme Team range, which focused on compact sports and stunt-themed vehicles.
A new and sealed Fire Formula is currently valued at around $27, with annual growth of approximately 4%. The average used price is $5 for those in good overall condition. Based on current trends, this set could be valued near $29 within the next year.
Fire Formula (1188-1) is a very old and rare LEGO set. It has not been available online or in retail stores in good/new condition for over 2 years. Because of its scarcity, the current estimated value of in new condition of $27.48 may be much lower than its true market value. Released in 1999, sealed sets in good condition are especially difficult to find, often commanding a premium well above estimates.
There are currently no new/sealed listings available for 1188 Fire Formula at this time.