Quoted from Atomicboy:People 5 years ago, in it for 5 years prior to you getting into it were probably saying the same thing. I look at prices now, and cringe, where when I got into it, I just accepted what the prices were, much like I imagine noobs today do when buying machines.
Very good point, I remember when I got into it about 6 years ago. I did accept prices at what they were. I remember stating many times, I would never pay 3k for a pinball machine, then I bought a 3k machine. Then it was 4k, then I bought a 4k, then it was 5, etc etc. Several things have changed that affected the market. As the market changed, so did my opinion and collection. At one time I had mostly pre 90's, wish I had them all still to this day. Space and Funds dictated what I got. I remember looking at MM and thinking how over priced it was, over time that view changed as the market changed.
Quoted from btrip:People may not like my opinion on this, but I think one of the biggest problems in this hobby are the hoarders. If you have a 20 machine collection and you play them like crazy, good for you. If you have a 20 machine collection you barely play and another 10 machines that have sat in some storage container for 8 years because you'll get around to fixing/shopping them some day (but you honestly never will), or they're there solely because you're out of room, please sell the damn things.
I have actually seen more then one case of this, yes it is a factor, but how much? No idea. If you have the money and space then you can support this. I suspect if most pinheads had the money and space, we would all have some machines in storage
Quoted from perryd:market will settle eventually...always does no matter what the collectible is.
Very true, if they continue to be priced out affordability for the average collector, then you have a smaller market. IF the market shrinks, the prices will fall in line. How many are available and how many people want them. That is what keeps MM, BBB and MB etc so high, lower available units vs number of people who want them.
Interestingly, their is no way to know the actual number of units left, just because they made 4000 MM's does not mean that is how many are out there. That number could be 50% or 90% of production, no way to tell. Bottom line is, demand drives it, the number available will not increase unless they are reproduced.
One other factor will be if the prices do start to drop, will many people bail or hold on to them because they do not want to take a loss? It will still be demand vs availability. If the market gets flooded with machines then demand goes lower, more machines then people who want them. If the high end "A" titles fall 30% in a year, will a ton of people be selling them to reduce loss or will they not care and keep them in their collection regardless of value vs. investment.
Personally, if my MM is worth half of what it is today a year from now, I could care less. I enjoy the game and it is hard to get on any day, regardless of market price. When I get tired of playing it, I will consider selling/trading it and getting something else, just like I have always done. The market value will be what it is at that time, not now.
Take money out of the equation and I would never sell any of them, I love Pinball and cannot imagine life without it. Bury me in a pinball machine cabinet, just do not destroy a machine to do it