(Topic ID: 110335)

Damn this pinball market is soft!

By thedarkknight77

6 years ago


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  • 200 posts
  • 102 Pinsiders participating
  • Latest reply 6 years ago by Concretehardt
  • Topic is favorited by 3 Pinsiders

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There are 200 posts in this topic. You are on page 1 of 4.
#1 6 years ago

This is not a thread about any bubble bursting, that being said, we are in a damn soft market with a whole lot of expensive inventory hitting the streets soon. I am no rocket scientist but those two combinations are not good. Granted we are always slow going into the holiday season.............

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#2 6 years ago

I agree! I have been trying to sell a 2500 machine for 5K for weeks. Come on people step it up.

#3 6 years ago

What can I say... It's a buyers market.

#4 6 years ago
Quoted from AbacusMan:

What can I say... It's a buyers market.

Only if you want to over pay. JP is a $3000 game now? Any decent system 11 is priced at $2000 and over? $6000 for Scared Stiff, Champion Pub, etc, etc.
Home owners wanting $2500 for Popeye!

#5 6 years ago

Yeah these home owners are always asking crazy prices! What gives!

#6 6 years ago

I hate home owners. Always spending their money on stuff like mortgages and insurance instead on pins.

#7 6 years ago
Quoted from McCune:

I agree! I have been trying to sell a 2500 machine for 5K for weeks. Come on people step it up.

Hahahha

#8 6 years ago

If anyone wants some help is this terrible soft market selling a Fathom or a Centigrade 37 say, I would be willing to step up and take one for the team and buy them.

#9 6 years ago

I had to take $1400 for a near perfect Maverick. Feels much softer than even a year ago.

#10 6 years ago

Someone on maaca is selling a c37 in cdn currency

#11 6 years ago

How much for a nice lightly routed ACDC then?

#12 6 years ago

Have patience, all pins will be 10k by Xmas

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#13 6 years ago

Price a pin fairly and it will always sell well. Its the overpriced ones that sit and no one wants.

#14 6 years ago

Xmas is coming. That usually drives the prices up a little

#15 6 years ago
Quoted from practicalsteve:

Price a pin fairly and it will always sell well. Its the overpriced ones that sit and no one wants.

It's really quite simple isn't it? And yet so many on here pump the virtues of the free market and still don't understand its most basic principles.

#16 6 years ago

People that price their pins WAY over price are the same ones that think their poop don't smell.
Price it fairly and you will have people snatching your pins.

#17 6 years ago

Humm, a popeye for $2,500? I may have to think about that

Quoted from t2:Only if you want to over pay. JP is a $3000 game now? Any decent system 11 is priced at $2000 and over? $6000 for Scared Stiff, Champion Pub, etc, etc.
Home owners wanting $2500 for Popeye!

Humm, a popeye for $2,500? I may have to think about that

#18 6 years ago
Quoted from usandthem:

It's really quite simple isn't it? And yet so many on here pump the virtues of the free market and still don't understand its most basic principles.

Yes, but what should be "fairly priced" is still sitting.
The questions I am asking are" Are there less buyers? Less money? Or are buyers just being more patient?

#19 6 years ago
Quoted from maddog14:

Are there less buyers? Less money? Or are buyers just being more patient?

all of the above...

#20 6 years ago
Quoted from maddog14:

Yes, but what should be "fairly priced" is still sitting.
The questions I am asking are" Are there less buyers? Less money? Or are buyers just being more patient?

When I got my first pin, I was anxious to just get one, even if I had to overpay. Now, I am trying to strike a deal with a local seller for a pin I really want. He has it overpriced(IMO) and we are at a stalemate over a $100. As far as I am concerned, if stubbornness on the part of a seller would cause them to miss-out on a sale for such a small amount, than I rather miss the purchase and use my $100 for a nice steak dinner.
I personally feel that many sellers feel that they are trying to sell the ark of the covenant, rather than realizing that most pins come and go plentifully in the market.

#21 6 years ago

Just like the housing market when there's new construction out there. They get sold first while the resale market softens.

#22 6 years ago
Quoted from maddog14:

The questions I am asking are" Are there less buyers? Less money? Or are buyers just being more patient?

More than a few of my clients are simply out of room for any new pins.

#23 6 years ago

Pinhead's houses are getting full.

#24 6 years ago
Quoted from practicalsteve:

Price a pin fairly and it will always sell well. Its the overpriced ones that sit and no one wants.

There goes practicalsteve being practical.

#25 6 years ago

I wish there even was a pinball market near me.

#26 6 years ago
Quoted from vid1900:

More than a few of my clients are simply out of room for any new pins.

Yes. I have money to buy and no room. Softer market makes it harder to move my current line up.

#27 6 years ago

Nevus, nice lineup. Am looking to add TZ and Banzai Run to my collection. Its only a matter of time before the guys with all the pre-ordered games have to come up with cash to pay for them. At that point the prices will start to correct themselves to closer to what they should be.

#28 6 years ago
Quoted from maddog14:

The questions I am asking are" Are there less buyers? Less money? Or are buyers just being more patient?

The market is just starting to realize it has hit saturation, more machines then collectors, which is a reverse from three years ago. As more are made, the balance continues to slowly tip the other direction.

#29 6 years ago
Quoted from maddog14:

The questions I am asking are" Are there less buyers? Less money? Or are buyers just being more patient?

I agree with what your saying but it seems like the new pin market is stronger than ever which makes me wonder if people are flooding the market with their older games to make room for the new stuff that Stern and JJP are producing. Not to mention all the other new pins that are in the works from other new companies starting up.

#30 6 years ago

Yeah, market saturation.

#31 6 years ago

You have a few things at work here.

More new games than ever, coming out at a faster rate (and Sterns new shop will have 5 complete assembly lines!).

More games around in general. Every day we see another few post of "found these games in a barn", "bought these 4 games from a storage unit auction", "found an OP with this Firepower" - there are more games being restored.

#32 6 years ago

It's softer than an old man who lost his viagra pills!

#33 6 years ago

I also think threads like this make things soft. Sort of the sky is falling type stuff.

#34 6 years ago

I am out of room and money....

#35 6 years ago
Quoted from maddog14:

I also think threads like this make things soft. Sort of the sky is falling type stuff.

We need to "firm" things up around here ASAP!

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#36 6 years ago
Quoted from maddog14:

I also think threads like this make things soft. Sort of the sky is falling type stuff.

Nah....its just a little over-saturation. With the crazy rising prices of the new pins (and every new one rises even more) people will start picking up used pins in titles they have not yet had. NIB games are not holding their purchase value anymore, so some people are picking up those less than a year old instead of some of the earlier games.

Sales of used games also start picking up this time of year when those of us in the east side of the country start getting stuck in our basements for the winter. Expect some minor price drops due to the over-saturation and rumors of VE games from Stern and remakes from PPS. But price drops on the games being remade will be more severe. Its probably a good thing in the long run because it will prevent balloons in the prices like what happened to MM a couple of years ago.

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#37 6 years ago

When I'm wrong, I'm wrong and I admit it. But when I'm right, I'm right and I'm going to brag about it-- haha. VE's and the specter of VE's have killed used Stern pricing. I felt very lonely on this matter when I was the only one talking about that and got tons of thumbs down. Now, more and more are getting with the program.

It's not about Stern not being able to sell what they want to sell and make all the money that they can. Make money. Have at it. Swim in it if you must. I just think that it's very short-sighted and will hurt Stern, in particular, long term. The main reason why people are able to gobble up all of these NIB pins is because they have the expectation that while it will probably go down in value a bit, it will not too much. (At least not enough to prevent them from selling for a modest loss and buying the next NIB). And hell, if you get lucky, it just might go up. Well, that's all done now. It's not just a matter that it will most definitely go down, but by how much. That very fact has caused people to take pause in buying NIB. Stern is self-deluded if they think they can sell fun in a box for 5-8k when buyers run the risk of losing so much now.

So, I knew this would all go down. I guess I just didn't think that it would be so fast. This, of course, speaks to another matter as well. The pinball hobby is extremely small. It's pretty much an inbred group that sells and trades games around. Keep adding supply into the mix and you know the rest of the story.

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#38 6 years ago

You forgot to mention the potential remakes from PPS/Chicago Coin, which when combined with potential Vault Editions from Stern it has a negative impact on sales and sale prices. Then add to that the sheer number of new options that are coming that include Heighway Pinball and JJP, as well as DP with TBL, and it seems pretty obvious the used market is going to be soft.

Frankly I am surprised that prices haven't fallen more than they have. I think we are still in the phase where a lot of sellers simply refuse to lower the price to what it would take to sell the pin because they paid quite a bit more for it and refuse to take much of a loss. When those sellers start getting serious about selling and lower the prices, I think we will see a bigger drop ahead.

#39 6 years ago

Well, it is not stopping the crazy pricing from coming up... 3300 j parks, 1850 sfII's and cl is really starting to get loaded with way overpriced stuff... 2000 em titles...

High end titles yep, your right 5 to 7 k games are just sitting.

#40 6 years ago
Quoted from Nevus:

Yes. I have money to buy and no room. Softer market makes it harder to move my current line up.

Why? So you take a hit selling....so what? The pin you purchase will also be cheaper (unless of course you're buying NIB).

I agree that the NIB market is heading for a hit. No one wants to by high and sell low (although they do with stocks all the time ).

Still if your selling used and buying used who cares if you take a hit on the game your selling as long as you get the same discount on the game your buying?

#41 6 years ago
Quoted from balboarules:

Well, it is not stopping the crazy pricing from coming up... 3300 j parks, 1850 sfII's and cl is really starting to get loaded with way overpriced stuff... 2000 em titles...
High end titles yep, your right 5 to 7 k games are just sitting.

Oh noes! I might not be able to get a thousand more than I paid for every Stern game I own when it comes time to sell! Other than WPT, heh

Even if my pins end up costing me a grand a year on average in depreciation (total across ~8 games, 5 of which are DMD's)... that seems like a bargain to me still.

Quoted from Astropin:

Why? So you take a hit selling....so what? The pin you purchase will also be cheaper (unless of course you're buying NIB).
Still if your selling used and buying used who cares if you take a hit on the game your selling as long as you get the same discount on the game your buying?

Yes, plenty of used games exist that are likely to keep me happy. I don't need to have the new hotness to somehow feel more complete. I can have just as much fun on the older games, without getting hit with a 1-2 grand loss each time I want to sell.

#42 6 years ago

Hmm a sudden market shift due to people holding out on new in box purchases because they will not get their "investment" back when they go to sell? How many people in this hobby actually buy pinball machines to PLAY again?

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#43 6 years ago
Quoted from Crash:

How many people in this hobby actually buy pinball machines to PLAY again?

6 or 7

#44 6 years ago
Quoted from Astropin:

Why? So you take a hit selling....so what? The pin you purchase will also be cheaper (unless of course you're buying NIB).
I agree that the NIB market is heading for a hit. No one wants to by high and sell low (although they do with stocks all the time ).
Still if your selling used and buying used who cares if you take a hit on the game your selling as long as you get the same discount on the game your buying?

You are right. I just have to decide how much of a hit I am willing to take. I have taken a loss on several to move on and try something new. I have not regretted those sales.

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#45 6 years ago

I take a loss on every game I have sold, unless it was a ridiculous deal to begin with. I figure I got enjoyment out of the machines, that's worth something right?

#46 6 years ago

Soft prices are great for me. I am still looking for a HUO Wolverine LE & HUO 24. Just need to get threw Christmas. Seems like my family/relatives keeping me broke this time a season. Wouldn't hurt if I could get this CFTBL finished up to restored condition so I can flip it.

Here is the note I'll get this year from my kids when it's all said and done.
DearWDP.jpg

#47 6 years ago

Enjoyment is key to it all, this what it should be all about. Problem is, and I cannot understand it, is people buying these 8k limited edition games then wanting to sell right after, what really amazes me is how many preorder a game they have never seen... I figure if I ever pay 8k for a game (and seriously doubt I ever would) I had dam we'll have played it and really had to have it. Personally except for a few titles like IJ or taf... I am happy with games 2500 and under.

#48 6 years ago

Bought an Xmen and ACDC a year ago.

Sold them this past summer at a $500 and $700 loss respectively.

Would (and plan to) do it again, regardless of the market being soft, hard, slightly flaccid.

Oh the hardships of people able to spend thousands of dollars on big toys.

#49 6 years ago

2 words. Vault Edition!

#50 6 years ago

When a market is really soft, new and used pricing should drop, but we haven't seen a drop in NIB pricing yet. Seems like Stern is being disciplined and smart in not pumping out too many pins ahead of demand, so they don't have to heavily discount stock for less popular games like Mustang. My guess is that the NIB market will stay healthy as long as Stern and the other guys produce must-have new games like ACDC, WOZ and TBL, while used games will continue to take a back seat to the latest and greatest and decline. Pretty normal market.

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