Auckland
Quoted from gonzo73:I believe that's New Zealand Monopoly money, before the greenback exchange rate.
Correct. About $US 12k.
For me it’s about supply and demand. IFPA and Pinside membership grew exponentially from about 2008. These are surrogate markers for the total number of buyers out there. Levelled off a bit in the last couple of years but still growing. Plus dynamic has changed. In the 1990’s it was an arcade based business. One machine, many players. Now it’s more home based with one player, many machines. Essentially the demand has risen faster than the supply and the only new supply are $6k+ machines. In the medium term I see prices still increasing as the volume of new pins is not satisfying demand. There are significant barriers to new manufacturers so this won’t be solved overnight.
COVID-19 has some short term impact. An increase in home entertainment and some restraints on pinball manufacturing. Net effect overall is adding to the increase in second hand prices from what I can see in Europe, Australia, NZ and USA.
If people think prices are dropping where is the evidence. An asking price is not a sold price. When someone needs to sell a pin to buy a GNR or AIQ, their asking price might be more realistic, but it doesn’t mean the sky is falling or the fundamental market has changed.
