(Topic ID: 176170)

For sale: CQ Indy 500 - NOS PF - Mike Chestnut Restoration


By KingDaddy

2 years ago



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  • 35 posts
  • 21 Pinsiders participating
  • Latest reply 2 years ago by shlockdoc
  • Topic is favorited by 1 Pinsider

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#1 2 years ago

ARCHIVED

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Price

$ 4,775 (OBO)

Open for offers


for sale

For sale: CQ Indy 500 - NOS PF - Mike Chestnut Restoration
Featured Ad

Added: December 16th, 2016 Ended: January 15th, 2017
Condition: Fully restored (full original status)

Item description

This is a stunning Indy 500 - with a NOS PF (factory clearcoat - around 200 plays, looks brand new) and High-End Mike Chestnut Chrome Trim everywhere, including change box, legs, back box, hinges, side rails, lockbar.

Full Mike Chestnut $3,200 documented restoration a year ago - there is a photo with itemized inventory attached. Everything shopped out perfect.

This is close to perfect, except cabinet has a few dings (but little or no fade).
Detailed pics/info upon request.

$5,500 *REDUCED* to a steal at $4,775.

Cash or trades considered: MMR, TAF, TZ... will consider any game that are in Uber condition - with Clearcoated PF (sort of my "thing" lol) especially System 11's and 70' Gottlieb Wegehead EM's.


Item photos

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Contact

Note! This is an archived ad. No longer for sale!


Listing result

The seller marked this ad as "not sold". The item did not sell through Pinside so there's no listing result.

Item location

Marblehead, MA, US


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#2 2 years ago

Sweet looking pin. They really need a Color DMD for this one!

#3 2 years ago

Gimmie some Mike Chestnut chrome ! Seriously, you need some better showcase pics big daddy....and I really wanna see how pretty she is all Mike Chestnutted out. Wanna swap hardware ?

#4 2 years ago

Will have chrome on mine one day. But it won't be by the best.
Lil birdie told me color might be comin for all the boys and girls on the nice list.

#5 2 years ago

Credit dot.

#6 2 years ago

One error "Flipper EOS" that's a false reading - no issue whatsoever. Flippers are rebuilt and robust.

1 week later
#7 2 years ago

Looks like Mike's handwriting and exactly how he did his restoration logs. I have one he left in my White Water. I am pretty sure I saw him working on this one when I was out for a visit one day. Beautiful machine. He did great work and was one of the best at getting one dialed in perfect.

Ron
Pinball Plating and More

#8 2 years ago

Wait. $990 for "labor"?

#10 2 years ago
Quoted from Rondogg:

Wait. $990 for "labor"?

I'd guess he did a playfield swap considering the $150 playfield credit and NOS playfield cost. That's not a 5 minute job.

#11 2 years ago
Quoted from Agent_Hero:

I'd guess he did a playfield swap considering the $150 playfield credit and NOS playfield cost. That's not a 5 minute job.

I would charge more than that for a playfield swap. That is no small task, haha. Beautiful machine.

#12 2 years ago

Thanks for the kind comments....

Lots of inquiries - but surprised to say it's still available... Only 2,249 units made - and this might be well the nicest example. I just heard this was Mike Chestnut's favorite all-time game, so a lot of love clearly went into his restoration and it really shows.

This is my second Indy (and I've owned two really nice WH20's) and my opinion is this is the best Nordman game... thought this would be a forever keeper, but I am moving away from DMD's - and towards collectible early stuff.

Anyway, someone will be really happy - and again with a $3,200 restoration, it's a great deal.

I can send more pics etc.

Thanks.

#13 2 years ago

Bump for a really nice looking pin.

#14 2 years ago

Reduced (gulp) down to $4,775. This is a gorgeous CQ pin that plays like new.

#15 2 years ago

Why is this not selling?

#16 2 years ago
Quoted from sulli10:

Why is this not selling?

Cause it's $4,775

#17 2 years ago

Gorgeous!! Tempting

#18 2 years ago

Final bump - we just got snow last night and more is coming. Some of you will remember two winters ago - no one could move pins around here for two months+. My driveway is clear and it's supposed to be warm later this week, so this could be the final window if someone wants this.

And I'm not sure I will relist - if I do, not sure I'll go this low on price again, since it's well below how much money went into it.

#19 2 years ago

sweet lineup. just keep it.

#20 2 years ago

This is one of those issues with how much you put into a game vs. how much you can get back. It is without a doubt a BEAUTIFUL game, but the cost has put is so much over market price that it's now hard to sell. I have two pins that I've put money into that I will never get back. I knew that going in and I reminded myself of that when I sold one at about a $1200K loss vs. what I spent. I simply put so much into the game that (because I wanted to) that it break-even wasn't a reasonable price to ask and I didn't want to wait years until I found that one person who wanted this exact game with the over the top restoration that was done to it.

It's hard to sell a game when it's restoration price ($3200) is the price of the game itself, in nice condition.

#21 2 years ago
Quoted from robotron911:

This is one of those issues with how much you put into a game vs. how much you can get back. It is without a doubt a BEAUTIFUL game, but the cost has put is so much over market price that it's now hard to sell. I have two pins that I've put money into that I will never get back. I knew that going in and I reminded myself of that when I sold one at about a $1200K loss vs. what I spent. I simply put so much into the game that (because I wanted to) that it break-even wasn't a reasonable price to ask and I didn't want to wait years until I found that one person who wanted this exact game with the over the top restoration that was done to it.
It's hard to sell a game when it's restoration price ($3200) is the price of the game itself, in nice condition.

Well said

#22 2 years ago
Quoted from robotron911:

This is one of those issues with how much you put into a game vs. how much you can get back. It is without a doubt a BEAUTIFUL game, but the cost has put is so much over market price that it's now hard to sell. I have two pins that I've put money into that I will never get back. I knew that going in and I reminded myself of that when I sold one at about a $1200K loss vs. what I spent. I simply put so much into the game that (because I wanted to) that it break-even wasn't a reasonable price to ask and I didn't want to wait years until I found that one person who wanted this exact game with the over the top restoration that was done to it.
It's hard to sell a game when it's restoration price ($3200) is the price of the game itself, in nice condition.

Your point would make more sense (in my case) if I was asking $6,400 for it, which is what it's worth if you simply add this cost of an average game with the restoration. But I'm not - not even close. At my current asking price it would be like getting extremely lucky and finding an Indy 500 for $1,500 (before adding NOS PF, Chrome, full restoration).

I've gotten some decent offers, btw, including a trade for a game I could easily resell for well over 5k.

Again, last call.

Thanks.

#23 2 years ago

I went through that list and Mike was VERY fair on prices charged.

HUO Would command $3000-$3500. All the chrome and CC'd pf is gotta add value.

What do You think it costs to CC a PF and R&R it??? Gotta figure labor at least $500.

Think seller is right on the money! Maybe $200-$300 high but He is open to offers.

GLWYS!!!

#24 2 years ago

Mr. KingDaddy is a real straight shooter if he tells you something then you can go to the bank with it so I am behind his logic 100%. I think that the problem is finding the buyer that wants all that in an Indy500. Most will just look for a PQ Indy500 for $3200 play the hell out of it and than resell it at what he bought it for, there just not interested in all the bells and whistles. He is out there somewhere, just keep looking. GLWS.

#25 2 years ago
Quoted from henhel:

Mr. KingDaddy is a real straight shooter if he tells you something then you can go to the bank with it so I am behind his logic 100%. I think that the problem is finding the buyer that wants all that in an Indy500. Most will just look for a PQ Indy500 for $3200 play the hell out of it and than resell it at what he bought it for, there just not interested in all the bells and whistles. He is out there somewhere, just keep looking. GLWS.

I recently picked up a nice I500 for under 3k, but would happily buy this one if KingDaddy was able to meet at an upcoming show. I think there are people out there that like I500 enough to pay a premium for a premium example. I500 is a fun game. Honestly the only thing I dont like about this is the chrome (I play to much and chrome is always dirty with hand sweat/goo) and the chrome is a big part of the added cost for this example.

#26 2 years ago

I have a HUO i500 that would never go for under 4k. This is priced very well for all the extra.

#27 2 years ago

I can verify this is Mike's handwriting without a doubt, I've looked at his handwriting so much since the week we lost him, I'd know it anywhere. This is exactly how Mike wrote out the work he did on a game, for others and his own. I have several of those right here on my desk for other machines he did, some I own, some others do.
For those that don't know, Mike's favorite pin was Indy 500. He knew things about this game that needed to be done to it that no-one else ever talked about. I've heard him talk about them so many times. He got me liking the title enough that went and got one myself. Then a couple of months ago I purchased his personal one and sold mine, for less than half what I gave for his - and it was worth every penny. He also had original artist renderings in his office signed by the artist, framed, that I purchased and they will be hanging by his game whenever I can get around to hanging them.
All that to say, if you want one of these machines, you want one that Mike went through if you have the chance to own it. I cherish mine and our family will for a long time. Good luck with the sale!
Chris

#28 2 years ago
Quoted from KingDaddy:

Your point would make more sense (in my case) if I was asking $6,400 for it, which is what it's worth if you simply add this cost of an average game with the restoration. But I'm not - not even close. At my current asking price it would be like getting extremely lucky and finding an Indy 500 for $1,500 (before adding NOS PF, Chrome, full restoration).
I've gotten some decent offers, btw, including a trade for a game I could easily resell for well over 5k.
Again, last call.
Thanks.

$1500? How much is an i500 with a dinged cabinet and totally destroyed playfield, rails, lockdown bar? I'm guessing the boards also needed work if the pf was so beat that it had to be fixed. Sounds like you got it back to excellent condition except for the cabinet. A lot of buyers do not want to pay for mods or upgrades so price above what a normal game would cost is not worth it to them.
That being said, a beater game would get you $1500. You upgraded it to a $3000 machine (considering cabinet issues). This means your market is people willing to pay $1775 for a clearcoat and chrome detailing. Not saying it cant sell, it can, but the market gets smaller and smaller when you are more than 50% over normal price. You need a buyer who understands the value and not concerned about losing $ at resale several years from now. Glws, sincerely.

#29 2 years ago
Quoted from Rondogg:

$1500? How much is an i500 with a dinged cabinet and totally destroyed playfield, rails, lockdown bar? I'm guessing the boards also needed work if the pf was so beat that it had to be fixed. Sounds like you got it back to excellent condition except for the cabinet. A lot of buyers do not want to pay for mods or upgrades so price above what a normal game would cost is not worth it to them.
That being said, a beater game would get you $1500. You upgraded it to a $3000 machine (considering cabinet issues). This means your market is people willing to pay $1775 for a clearcoat and chrome detailing. Not saying it cant sell, it can, but the market gets smaller and smaller when you are more than 50% over normal price. You need a buyer who understands the value and not concerned about losing $ at resale several years from now. Glws, sincerely.

A lot of what you're saying is flat-out-incorrect...

It's a $1,200 NOS PF (factory clearcoat) that's repopulated with all new parts. The cabinet is actually in beautiful shape with a little or no fade and the boards are pristine, which would indicate the game Chris started with was very nice - not the "beater" you describe. Chris's mission clearly was to make it beautiful, to look and play like brand new, which he more than succeeded at.

The "$3,200 Chris Chestnut" restoration doesn't list the chrome coin box, which typically goes for around $500. Along with full LED's. So, it's more accurate to call it a "$3,700 restoration."

I get that many people don't really care about the condition of a pinball machine. But to those who do, this is a gem and priced more than fairly.

#30 2 years ago

was the factory NOS pf clearcoated or is it just the original as it came from the factory?

At first I thought fomr the notes that the NOS pf had been cleared, but now it sounds liek no additional clear was done. Thanks for clarifying.

#31 2 years ago

I don't think your asking price is really off. The game looks great and with the new playfield I'm sure it plays fast and smooth. If it wasn't for the $400 shipping cost I would be a buyer. If you buy a solid base game for 3K and just replace the playfield you are pretty much at the asking price by the time you do a few plastics and parts that need to be replaced at the time of the swap.

#32 2 years ago
Quoted from Whysnow:

was the factory NOS pf clearcoated or is it just the original as it came from the factory?
At first I thought fomr the notes that the NOS pf had been cleared, but now it sounds liek no additional clear was done. Thanks for clarifying.

It's a brand new $1,200 NOS PF with factory clearcoat. Around 250-300 plays on it. Multiple offers in mid 4k's and trades which I've rejected.

It looks like it's sold.

#33 2 years ago
Quoted from KingDaddy:

It's a brand new $1,200 NOS PF with factory clearcoat. Around 250-300 plays on it. Multiple offers in mid 4k's and trades which I've rejected.
It looks like it's sold.

cool. Just to clarify, I was not ragging on it just asking for clarity. If you remember, I offered to take it at full price if you were willing to meet up at an upcoming show. I think it is a beautiful example and was even looking into a road trip to Boston in a couple months as an excuse to make a diversion to make this work

I just originally thought the NOS pf had additional clear put on it. I just made that assumption since NOS pf is usually around $700 and $500 would cover the additional clear and clean up by a pro.

#34 2 years ago

Congratulations on your sale! Beautiful game that I'm sure the buyer will enjoy.

#35 2 years ago

A steal at that price. Wowzer

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