Quoted from xTheBlackKnightx:Upfront, GLWS.
The term is "cashing out", not "cashing in".
Market shift, changes/weakening of the economy, continued higher costs of living and housing against static salaries, saturation of titles, lack of space, lack of income, and loss of pinball interest.
It is not simply about "selling to make room", it is "selling because people need money right now".
The tip to how to know how changes come is the relationship to the housing market, it follows similar offset patterns regarding economy.
"New money" collectors that had to have a cookie cutter collection, already bought the title in the past 5+ years.
It is not particularly hard to spot, as the game is normally sitting next to games like MM, TOTAN, BBB, and AFM among a handful of older titles.
Brokers/dealers do not buy $10K MBs, if there is no room to profit.
Brokers/dealers do not buy $12K "pimped out" MBs as they would take a loss, and have to remove most of the mods from the game.
Hence, the games will sit on the open market for months, sometimes years with no buyers.
PinSide is not the basis of comparison for the pinball market, as it is very niche segment inside a world that is already small.
This does not consider that most original MB will take roughly a $2K initial hit after the official reveal of the remake.
The remake will be priced according to the market, not the cost to make the game, approximate between $7-8K to retain competition, based on the fact MBs have already fallen between $1000-1500 in less than a year.
That motivates any potential owner to sell, for those not interested in retaining the game for any measure of time.
Some place more value on originals for a reason, but that is not the point of explanation here.
Older collectors are preparing to buy, "cashing in" (and in some other title cases already started), as we always have, once reaching the fulcrum tipping point of changes in value reduction. This is called a "pinball market stall" and it has not been unnoticed, only dismissed by some.
How long it lasts is dependent on the same factors that started it in the first place.
No one for example should truly be surprised titles like GB are taking huge hits presently, as this is result of complete market saturation for this game and other titles like GB, such as MET, ACDC, IM, SM, LOTR, TSPP, GOT, WWE, etc.
These are not uncommon in any way with some games having multiple production reruns.
GB circumstances was somewhat inevitable, and the game still continues to remain in production driving the price down even further.
Though, in this case it has happened faster than normal, since it take an average of 3-5 years for titles to balance their market value based on popularity.
The whole John Trudeau "fiasco" did not help matters and influenced the process by acceleration negatively, but how much cannot be determined.
Finally, in the case of GB (not MB, but is still effecting the market values) buyers are coming to the realization that the SPIKE system is "undercooked" and does not provide a long term reliable operating option, if you are a collector, owner, or operator, if not sold under 5-10 years of lifecycle.
Keep flipping,
- TBK
So....His price is too high?