I paid $4950.00 for my SM Black in February of 2008. Today they are selling for over $7000.00 used. I purchased the Black because there were only 500 produced figuring it would not only be a great game but a decent investment for a pin.
I don't know that I would call it "ugly" but do agree the SM Red is "brighter" than the black version. I personally do like the black side rails etc. on the Red.
The 2 machines play the same, they are both great looking machines and I am lucky to have one. If I had the room and money I would have one of each!
Enjoy your Spidey's guys!! Be it black or red they are one of the best pins you can have in your collection!