(Topic ID: 263874)

The Coronavirus Pinball Market: How Bad is it Now?

By Jason_Jehosaphat

1 year ago


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  • 24 posts
  • 21 Pinsiders participating
  • Latest reply 1 year ago by Daditude
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    #1 1 year ago

    If you routinely browse the Classifieds “Splash” here, you’ll have noticed a serious surge in sale pins in the last two weeks. No surprise there. Whether you’re taking a bath in the stock market or anticipating a legit’ recession thanks to the COVID-19 crisis, being defensive with your investing and/or asset allocation is suddenly not just prudent but perhaps critical. For too many collectors, having big collections is now hard to justify and selling one or two of them off seems like an easy way to raise some cash. But is it? If everyone else is doing it, creating a glut in the market, who’s going to buy these games? The same people who are now spooked and bent on *not* spending their money? Even if these games were fire-sale priced, would they be selling? I’m not so sure. I could site numerous examples of games mystifyingly priced in the stratosphere. What are sellers thinking? And no, I’m not lobbying on behalf of buyers, hoping to exploit the crisis and trigger a sell-off. I have a game of my own for sale and, naturally, I would rather not lose my shirt selling it. I would, however, like to see games sold – which, any economist will point out, can only happen if either supply doesn’t exceed demand or if prices come down, and yet with few exceptions the games landing on Pinside for sale are priced to match last month’s market, not today’s. Let’s use my own game as an example: HUO, low-plays, minty TWD Premium. It’s been on the market here for two months. After two price drops, it now sits at $5.75K, with nary a nibble. In this market, it will probably need to reach $5.6K before anyone takes a hard look at it. Ditto: all the other games in the classifieds right now. Peel off 20% of last month’s value and *maybe* buyers will notice your game. I’ve been trying to trade my game, rather than lose big selling it for cash, but it’s striking how rare an attractive trade offer will come over when you announce you’re open to trades. I’ve had two cash offers, both for $5.2K. Two months ago an offer like would have been embarrassing. Today, with this saturated market, it may be the best I’ll do. Say hello to COVID-19!

    #2 1 year ago

    Bubble burst?!?!?!

    For real this time.

    #3 1 year ago
    Quoted from CrazyLevi:

    Bubble burst?!?!?!
    For real this time.

    I really mean it this time

    #4 1 year ago

    you better go get tested!

    #5 1 year ago

    I am ready to buy. Unfortunately mostly looking for vids though.

    #6 1 year ago

    Might be due to tax season, spring break trips and your point of uncertainty. Not a bubble burst. We are still getting paid every Friday. JP premium hit 6800 last week, I'm in that market.

    #7 1 year ago

    I’m still gonna buy, if we get quarantined then I have pin entertainment!

    #8 1 year ago

    Every used pin sale comes with a free can of Lysol!

    #9 1 year ago

    Credit card payoffs from Christmas purchases.

    #10 1 year ago

    I’m buying

    #11 1 year ago

    Oh FFS. What is it with this viral outbreak turning everyone into an investor economist? Paging Iceman!

    As for my take, I may have a game for sale soon. No paypal, no checks, no cash. TP on the glass.

    #13 1 year ago

    If it's any consolation to the OP, I think seriously about buying his pin everyday. First I have to shore up my toilet paper stock though.

    #14 1 year ago
    Quoted from Jason_Jehosaphat:

    If you routinely browse the Classifieds “Splash” here, you’ll have noticed a serious surge in sale pins in the last two weeks. No surprise there. Whether you’re taking a bath in the stock market or anticipating a legit’ recession thanks to the COVID-19 crisis, being defensive with your investing and/or asset allocation is suddenly not just prudent but perhaps critical. For too many collectors, having big collections is now hard to justify and selling one or two of them off seems like an easy way to raise some cash. But is it? If everyone else is doing it, creating a glut in the market, who’s going to buy these games? The same people who are now spooked and bent on *not* spending their money? Even if these games were fire-sale priced, would they be selling? I’m not so sure. I could site numerous examples of games mystifyingly priced in the stratosphere. What are sellers thinking? And no, I’m not lobbying on behalf of buyers, hoping to exploit the crisis and trigger a sell-off. I have a game of my own for sale and, naturally, I would rather not lose my shirt selling it. I would, however, like to see games sold – which, any economist will point out, can only happen if either supply doesn’t exceed demand or if prices come down, and yet with few exceptions the games landing on Pinside for sale are priced to match last month’s market, not today’s. Let’s use my own game as an example: HUO, low-plays, minty TWD Premium. It’s been on the market here for two months. After two price drops, it now sits at $5.75K, with nary a nibble. In this market, it will probably need to reach $5.6K before anyone takes a hard look at it. Ditto: all the other games in the classifieds right now. Peel off 20% of last month’s value and *maybe* buyers will notice your game. I’ve been trying to trade my game, rather than lose big selling it for cash, but it’s striking how rare an attractive trade offer will come over when you announce you’re open to trades. I’ve had two cash offers, both for $5.2K. Two months ago an offer like would have been embarrassing. Today, with this saturated market, it may be the best I’ll do. Say hello to COVID-19!

    AAAAAGHH wall of text hit me for 250,000 damage

    #15 1 year ago

    I wasn't even aware there was a Corona Pin. Someone fill me in.

    #16 1 year ago

    Dude, break it down into paragraphs.

    #17 1 year ago
    Quoted from Coindork:

    Dude, break it down into paragraphs.

    That is crazy talk

    #18 1 year ago

    Ugh. American Pinball can't catch a break.

    #19 1 year ago
    Quoted from Zablon:

    Every used pin sale comes with a free can of Lysol!

    Better be two cans or I'm not buying.

    #20 1 year ago

    Again, in brief this time:
    With all these sale pins pouring onto the Classifieds here, why does the pricing resolutely ignore the market glut?
    Wanna sell your pin?
    Join the club!
    Oh, but if you actually want to sell, be prepared to ask substantially less than you could have just a month ago.

    #21 1 year ago
    Quoted from Jason_Jehosaphat:

    Again, in brief this time:
    With all these sale pins pouring onto the Classifieds here, why does the pricing resolutely ignore the market glut?
    Wanna sell your pin?
    Join the club!
    Oh, but if you actually want to sell, be prepared to ask substantially less than you could have just a month ago.

    To be fair to any sellers right now, many of us don't really HAVE to sell a pin right now, or any time really. Pin money--for me at least--is hobby money, which would have been long gone if my hobby was golfing, vacationing, hookers, or whatever. Oftentimes, people price a pin to sit because they're just not worried about moving it on immediately, but when the market demand allows it sell at the price--if ever.

    As is said in every thread that gets the pricing police involved, if you don't like the price...don't buy it!

    #22 1 year ago
    Quoted from Jason_Jehosaphat:

    If you routinely browse the Classifieds “Splash” here, you’ll have noticed a serious surge in sale pins in the last two weeks. No surprise there. Whether you’re taking a bath in the stock market or anticipating a legit’ recession thanks to the COVID-19 crisis, being defensive with your investing and/or asset allocation is suddenly not just prudent but perhaps critical. ...

    "Smart money" is shifting to investing in NIB repro woodrail backglasses. Just sayin'.

    https://pinside.com/pinball/market/classifieds/ad/87558

    https://pinside.com/pinball/market/classifieds/ad/87559

    https://pinside.com/pinball/market/classifieds/ad/87561

    #23 1 year ago

    I see what you did there!

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