NewSet Spotlight · July 2026

LEGO Shrek 2026: nostalgia, memes and investment potential

For the film's 25th anniversary, LEGO is launching its very first official Shrek range — 72423 Shrek, Donkey & Puss in Boots, a BrickHeadz 40923, and a CMF series confirmed for September 2026. A license never tapped before, a multi-generational audience, and a CMF confirmation that changes the picture: here's what a clear-headed collector should take away.

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Prices and availability as of publication date (US market). EU/retail pricing will be confirmed once officially published. Informational content — past performance does not guarantee future performance.

Twenty-five years after its cinema release, Shrek finally enters the LEGO catalogue. This isn't a re-release or an extension of an existing range — it's the very first time the license has been built in bricks. For a franchise this embedded in pop culture (and this memed online for two decades), it's a rare enough event to be worth stopping for.

The range at a glance

Reference

72423

Name

Shrek, Donkey & Puss in Boots

Pieces

1 403

US Price

129,99 $

Distribution

LEGO.com exclusive until August 2026

Companion set

BrickHeadz 40923

Anniversary

25th anniversary of Shrek (2001-2026)

CMF Shrek

Confirmed for September 2026

Two products launch initially: the main set 72423 Shrek, Donkey & Puss in Boots (1,403 pieces, $129.99), and a companion BrickHeadz 40923. The set is announced as LEGO.com exclusive until August 2026 — a limited exclusivity window before likely wider distribution.

Why this moment stands apart

Three elements rarely combine in a single release: a cult license never tapped before, an audience that reaches well beyond the usual AFOL public, and an official confirmation of expansion (the CMF) before the first set even hits shelves. Individually, each of these factors is enough to generate interest. Together, they place Shrek in a singular position among 2026 license releases.

The CMF series confirmation for September 2026 particularly changes the reading of the case: LEGO isn't testing an isolated product, but establishing a range with a follow-up already announced. It's a signal of medium-term commitment to the license, rarely given this early.

Investment signals

First Shrek license in LEGO history

Positive

No Shrek set had ever existed in the LEGO catalogue before 72423. A cult license opening for the first time — the kind of rarity that doesn't repeat itself.

90s/2000s nostalgia + meme culture

Positive

Shrek combines two audiences rarely brought together: nostalgic thirty-somethings from the original film and a younger generation who know the license through internet memes. This dual audience extends well beyond the usual AFOL public.

CMF Shrek confirmed for September 2026

Mixed

A collector minifig series mechanically widens the buyer base and sustains interest in the range over time. But a CMF is by nature a large print run — exclusivity and rarity will depend on the characters and their distribution rate, to be confirmed at launch.

Temporary LEGO.com exclusivity

Neutral

The set is announced as exclusive until August 2026, suggesting broader distribution afterwards (third-party retailers). Wider distribution generally reduces pressure on the retail price, without preventing a secondary rise once the set retires.

Moderate entry price

Positive

$129.99 for 1,403 pieces remains a reasonable budget compared to premium flagships. A low entry price limits risk and widens the pool of potential buyers, both primary and secondary.

No Shrek precedent to gauge a trajectory

Mixed

Unlike Star Wars or Lord of the Rings, there is no prior LEGO Shrek wave to compare against. The secondary market's behaviour on this license remains, at this stage, unknown.

Comparables — how other nostalgic CMF series performed

There's no LEGO Shrek precedent, but we can look at how CMF series backed by strong nostalgic licenses performed after release:

CMF Marvel Studios

CMF series backed by a very broad film license. Rare or low-run characters are actively sought after retirement, driven by a fan base that extends well beyond typical LEGO collectors.

CMF The Muppets (2023)

General nostalgic license outside the superhero franchise space — the closest comparable to Shrek in terms of audience profile (nostalgic adults + collectors). Confirmed as one of the most well-received recent CMF series among AFOLs.

The takeaway

For a collector, 72423 checks the fun box without hesitation: first range of a cult license, moderate entry price, reasonable size. For an investor, the case is promising but still incomplete — the absence of any Shrek precedent and the real scale of September's CMF print run remain two unknowns that only time will resolve. The sensible move: track the retail price evolution and the CMF's reception before judging long-term secondary potential.

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