(Topic ID: 347054)

The Great Pinball Price Crash

By rvalkenburg

3 months ago


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  • 1,375 posts
  • 264 Pinsiders participating
  • Latest reply 24 days ago by Jamesays
  • Topic is favorited by 51 Pinsiders

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    There are 1,375 posts in this topic. You are on page 1 of 28.
    -22
    #1 3 months ago

    After the past 3-4 years, this great hobby I have been a part of since 1983, seems to be correcting itself. I see numerous posts to sell off entire collections but most importantly the insane prices are dying. The new era pinball machines are this generation's treadmill, buying when the trend was hot, mostly due to Covid, and realizing no one is playing them and they are just collecting dust and junk.

    As I see it, the boom of Pinball was due to Covid and the idea people can make a quick buck flipping lack lustered machines, stealing mods before pickup, the Waffle craze which is a cute way to avoid taxes, to even selling one's space for a pre-order.

    Call me old, cranky, etc... I really do not care what people think of me, but it is nice to see people leave this hobby and see the prices continue to drop. The pop up arcades will also soon die off, leaving people that had the delusion of riches and fame trying to revitalize the arcade era with machines they cannot properly maintain and will never sell for what they paid for.

    After 2 years, I finally started to buy machines again, but I will wait for the bottom to truly drop out and buy games penny on the dollar, all while laughing with the idea people paid 6-7 times what the machine was truly worth, all based on a ridiculous ideology of the new pinball elite. The only downside is that I will be spending a great deal of time cleaning up the hack jobs people did to these machines, you know what I am talking about, the alligator clip guys...

    12
    #2 3 months ago

    When will the bottom happen? I need a cheap TNA, Haunted House, Taxi, and PinBot.

    #3 3 months ago

    I'm seeing more pins for sale in my area, but nothing seems to be selling or maybe they aren't removing the listing if it sells.

    They might just need cash for the holidays or maybe the economy is is taking a toll. Who knows?

    10
    #4 3 months ago

    32
    #5 3 months ago

    Waiting for Crazy Levi

    #6 3 months ago
    Quoted from transprtr4u:

    Waiting for Crazy Levi

    He’s on his way.

    51
    #7 3 months ago
    Quoted from rvalkenburg:After the past 3-4 years, this great hobby I have been a part of since 1983, seems to be correcting itself. I see numerous posts to sell off entire collections but most importantly the insane prices are dying. The new era pinball machines are this generation's treadmill, buying when the trend was hot, mostly due to Covid, and realizing no one is playing them and they are just collecting dust and junk.
    As I see it, the boom of Pinball was due to Covid and the idea people can make a quick buck flipping lack lustered machines, stealing mods before pickup, the Waffle craze which is a cute way to avoid taxes, to even selling one's space for a pre-order.
    Call me old, cranky, etc... I really do not care what people think of me, but it is nice to see people leave this hobby and see the prices continue to drop. The pop up arcades will also soon die off, leaving people that had the delusion of riches and fame trying to revitalize the arcade era with machines they cannot properly maintain and will never sell for what they paid for.
    After 2 years, I finally started to buy machines again, but I will wait for the bottom to truly drop out and buy games penny on the dollar, all while laughing with the idea people paid 6-7 times what the machine was truly worth, all based on a ridiculous ideology of the new pinball elite. The only downside is that I will be spending a great deal of time cleaning up the hack jobs people did to these machines, you know what I am talking about, the alligator clip guys...

    You sound really unhappy.

    #8 3 months ago

    Is he here yet?

    #9 3 months ago

    Our interest was reignited about 1 1/2 years ago. I've always liked and had a machine or two for 20 years. We lost both my mom and older brother a little more than 2 years ago which led to priority changes. Since then more space has opened up and the pinball fire has been lit. The bad - really poor timing, prices just kept climbing. I did pay more for a few machines than I would have liked, but I plan on keeping them for as long as I can see, so if/when the bottom drops out, all I will do is say to myself I should have waited. They were all games I had always liked and wanted, so I guess the extra money I paid from what a bottom would be is a premium for having it now. I like older games from the 90's the best. The newest is Stern ST which I do enjoy, but no other "new" games get my attention. I am also at a stage of my life/career where I have more disposable income, which I consider myself blessed. I hope I never end up in a situation where I need to sell for some cash. I wonder if I will revisit this thread in 10 or 20 years (if I live that long) and laugh or cry!

    31
    #10 3 months ago

    This is a refreshing topic.

    Oddly I don’t hope that arcades die off and pinball slowly creeps back into comatose status and only in basements of a select few.

    42
    #11 3 months ago
    Quoted from rvalkenburg:

    As I see it, the boom of Pinball was due to Covid and the idea people can make a quick buck flipping lack lustered machines

    Don't you mean the trillions of extra dollars printed and people being afraid to leave their houses?

    26
    #12 3 months ago

    I just called Levi and told him we have an emergency situation....

    #13 3 months ago

    Viva la Pinball!

    #14 3 months ago
    Quoted from rvalkenburg:

    After 2 years, I finally started to buy machines again, but I will wait for the bottom to truly drop out and buy games penny on the dollar, all while laughing with the idea people paid 6-7 times what the machine was truly worth, all based on a ridiculous ideology of the new pinball elite.

    Yeah, those were dark days when people were paying $30,000 for newer Stern pros. Whew, glad we're past that!

    #15 3 months ago

    Great time to be a pinball buyer! The games I was thinking of selling, just putting in storage for now lol. Also seems to be mostly limited to the newer LCD era games...

    37
    #16 3 months ago
    A52011A5-F859-46C4-939B-78AC84ABB989 (resized).jpegA52011A5-F859-46C4-939B-78AC84ABB989 (resized).jpeg
    11
    #17 3 months ago

    If you think about it…if prices come down it will mean more affordability and perhaps more new people getting in and once again become more popular. There’s always an upside no matter what happens.

    I never got into it because of the money and I’m not getting out of it because of the money. I buy and hold mostly.

    #18 3 months ago

    The sky is falling! All my Covid induced investment in toys is crapping out! Oh no.

    IMG_0580 (resized).pngIMG_0580 (resized).png
    #19 3 months ago

    So was it the squirrels that pee'd in your coffee again? Dangnabbit!

    #20 3 months ago

    Whoaaa. It must be time to invest in even more pinball machines.

    11
    #21 3 months ago

    I just sold a few machines to folks new to the hobby to the level of interest is still there. Its a great time to buy. But here is what I think is going on:

    - The people that are selling off collections are those that convinced the wives that this was an investment opportunity, and they were going to get rich. These folks are selling because they likely couldn't afford the pins in the first place.
    - Lots of new machines coming out. More LEs and CEs being made.
    - New themes are not that interesting.
    - The economy sucks right now.
    - People are waiting to see where the bottom is and therefore not spending money just yet.
    - People hate Levi so much that they stopped buying so we can tank the hobby to prove him wrong

    30
    #22 3 months ago

    Prices have dropped, but I don't think I'd call it a crash. Just a correction.

    #23 3 months ago

    Will it actually last for any length of time though?

    19
    #24 3 months ago
    IMG_1626 (resized).jpegIMG_1626 (resized).jpeg
    #25 3 months ago

    Yesterday my friend that’s not very big into pinball sent me an ad all excited. He was think about getting a Last Action Hero for $6k.

    I laughed and said it was maybe worth half that

    #26 3 months ago

    Prices might be correcting somewhat, but the market is robust.
    Hundreds of new buyers have entered the market in the last 4 years.

    I’d like to get a shadow and a space shuttle reasonably priced.

    I believe at the very worst it would correct to pre banning sell off. Plus or minus a couple years inflation. New pinball is all time high NIB.
    What do I know lol.
    IMG_1830 (resized).jpegIMG_1830 (resized).jpeg

    Shameless plug for Ayci Gogi!
    IMG_1796 (resized).jpegIMG_1796 (resized).jpeg

    #27 3 months ago

    This might be a good example. It’s up a little from pre banning, but not too much.
    https://pinside.com/pinball/market/classifieds/ad/152812

    It’s a space shuttle.

    #28 3 months ago
    Quoted from Azmodeus:

    I’d like to get a shadow and a space shuttle reasonably priced.

    Good luck! $6k for a nice Shadow now seems reasonable to me when you consider the overpriced new turds coming out.

    #29 3 months ago

    This meme wins the internet for today

    Quoted from Vino:

    [quoted image]

    #30 3 months ago

    I love me some location play. And we are fully there in my opinion. Hundreds of playable games very close to me. It’s the golden age of pinball. Imo.

    IMG_1829 (resized).pngIMG_1829 (resized).png
    #31 3 months ago
    Quoted from SLRage:

    This meme wins the internet for today

    Ya,
    i quickly saved that one in my phone.

    #32 3 months ago

    You must be fun to be around during the holidays . I got in the hobby the year before covid and have 2 of my 4 pins downstairs paid for and that was never the goal. I was just going through them trying to find the right pins to stay. Not selling anything off either as I’m in this to stay and actually feel bad for the people who knew no better as to what was going on. I don’t take happiness in others despair.

    #33 3 months ago

    My first pin was F-14 for $800. I’m waiting for those prices to return

    #34 3 months ago
    Quoted from EJS:

    perhaps more new people getting in and once again become more popular.

    86huyp (resized).jpg86huyp (resized).jpg
    #35 3 months ago
    Quoted from Luckydogg420:

    He was think about getting a Last Action Hero for $6k.

    I laughed and said it was maybe worth half that

    So where do yall's keep them 3k CAD LAH's? Cause I'm down.

    #36 3 months ago

    One was a Draftkings win on Sunday night football. $10 got me a family trip to Disneyland and a WOZ RR (Our first pin) after payment to the taxman. I’m not afraid of the pricing where it’s at as you can see. Doesn’t bother me at all. It’s no different than stocks they’re both roller coasters and those are meant to ride and have fun. Are we not having fun?

    #37 3 months ago
    Quoted from Whistles:

    So where do yall's keep them 3k CAD LAH's? Cause I'm down.

    A decade ago it would have been easy to find one for $3k

    #38 3 months ago
    Quoted from o-din:

    Whoaaa. It must be time to invest in even more pinball machines.

    Whoaaa, is that avatar the Rifleman? or Lil Joe from the Cartwrights?

    #39 3 months ago
    Quoted from Luckydogg420:

    A decade ago it would have been easy to find one for $3k

    Maybe my market's tough, being only canadian adjacent, since even 10 years ago 2k usd for a LAH going to have you chasing ghosts.

    #40 3 months ago
    Quoted from poppapin:

    Whoaaa, is that avatar the Rifleman? or Lil Joe from the Cartwrights?

    Eric Fleming as Gil Favor. He was a real tough guy. It was my original intention to come back as him if I ever did.

    https://en.wikipedia.org/wiki/Eric_Fleming.

    #41 3 months ago

    Sorry, I'm unfamiliar with the "waffle craze" reference... Can someone explain?

    #42 3 months ago

    Where's that damn popcorn meme.

    This thread needs either memes or lumalegz to have staying power. Just being realistic.

    #43 3 months ago
    Quoted from Whistles:

    Maybe my market's tough, being only canadian adjacent, since even 10 years ago 2k usd for a LAH going to have you chasing ghosts.

    To be fair, a decade ago the CAD and USD were pretty much on par, there was a short time where our dollar was more valuable than the USD. Unfortunately not it’s at about .73 cents right now, making new games that much more expensive.

    #44 3 months ago
    Quoted from Luckydogg420:

    My first pin was F-14 for $800. I’m waiting for those prices to return

    Funhouse $1200
    TSPP (huo) $4500
    TAF $4500

    Some prices I paid and still
    Have them all. We’re never going back there, folks. We’re in a correction but pins will roughly follow inflation (at minimum) over the long haul. At least for the next 30-50 years until people in their 30s and 40s now are gone. And if it somehow catches on with younger folks then beyond that. But who know about that.

    (Kicking myself for posting in another pricing thread, dammit. You suckered me in)

    #45 3 months ago

    Back in MY day…

    #46 3 months ago

    It seems as if the Stern market, both NIB and otherwise sales are the most affected. I think Stern killed it's own LE sales and resale.

    #47 3 months ago
    Quoted from jackd104:

    We’re in a correction but pins will roughly follow inflation (at minimum) over the long haul.

    Agreed, everything will be ok guys!

    if you are really concerned on investing get some mutual funds or ETF's......just enjoy the pins for what they are!

    #48 3 months ago
    Quoted from blizz81:

    Back in MY day…

    we walked through 20 miles of snow uphill just to play pinball.

    #49 3 months ago

    Paper hands pinball owners.....buy the dip.....cuz the prices are going to the moon.

    (This advice brought to you courtesy of my learnings from Wall Street Bets. )

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    #50 3 months ago

    Screenshot 2023-11-18 at 6.01.11?PM (resized).pngScreenshot 2023-11-18 at 6.01.11?PM (resized).png

    There are 1,375 posts in this topic. You are on page 1 of 28.

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