Sevierville, TN
Quoted from tyking:An aspect of this auction’s prices, which likely happens more or less on some scale in every auction, is competing bidders who bid each other up for what ever reason. I am guessing that competitors bid each other up as much as possible, so that the competitor has less total to spend per pin. I would think that in the heat of this auction, the bidders have smelled the proverbial blood in the waters and just started bleeding each other out, since they all know they can bid each other up.
How these bidders are allowing themselves to get bid up so far above “market” price is another question. Isn’t it that one of three things is happening? Either (1) the bidders are uninformed and do not realize that they can go somewhere else to get the same thing for less, or (2) the bidders are looking to get in long term, so the prices will be okay for the future, or (3) the bidders are playing a game of chicken.
Your thoughts may be true to some extent, but not true in other cases. I personally have been looking for a free fall Gotlieb EM 1974 AAB version (or alternatively a sky fall) for a number of years. Free Fall had only 600 or so made. One of them was at the museum. So to just say you can find it somewhere else...no problem...for less money is not really true. See right now if you can find either option on pinside right now?
I didnt care at all what other bidders were bidding on other machines. I only was concerned with that 1 machine.
A machine is worth what someone else will pay for it -----and not necessarily what you would pay. Law of supply and demand.
