(Topic ID: 33625)

When will the insane pricing end?

By Pimp77

8 years ago


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  • Latest reply 4 months ago by woody76
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    There are 176 posts in this topic. You are on page 4 of 4.
    #151 8 years ago
    Quoted from PinJer:

    Ebay is always a good thermometer to base what a person would be paying if he/she was to pay for an over-priced machine.

    lol I think you meant to say "barometer".

    #152 8 years ago

    I think this topic keeps popping up because the price bumps have come during a recession and pinball machines are a luxury item.

    The buyers for these are still a very small market and you are seeing more companies and boutique builders going after the same niche; higher end pinball collectors. With the supply increasing will the demand keep pace?

    I think people are surprised the price ceiling hasn't been reached yet.

    #153 8 years ago

    I think it's only just begun!!!!

    ebay.com link: itm

    ebay.com link: RARE Cactus Canyon Development Whitewood Pinball Machine

    I know that Ebay is not the Holy Grail for value, and the old repeated adage still applies, "it's only worth what someone will pay". But every time I need something, or want something be it collectable or otherwise, it always shows up on Ebay. I have been watching High Speed 1 games listed for upwards of 2-3 thousand, Taxi games even higher. And TAF, well even higher. When I bought my very decent High Speed 3 years ago, I paid 1,200.00 cash, and I thought that was high. A few weeks ago I bought a NOS system 11b MPU that I needed, a NOS plastic set, well I'd be a fool not pass it up, so I payed the price. I'm sure it's those actions on my part and others, that only help to keep the perceived value/inflation going.

    #154 8 years ago

    I think you hit it on the head when you described pins as a luxury item. People have been investing 10's of thousands of dollars into home theaters. In the beginning it was a complete niche market. Now my 70 year old parents are proud of there over priced Bose system. Pins are getting more popular in leaps and bounds. It's still a tiny tiny market. My guess, when Joe Suburbia can't impress his pals with the 80 inch screen, his $10,000 pinball machine will.
    I'm betting we're a long, long way from any bubble popping.

    #155 8 years ago
    Quoted from bigduke6:

    I think you hit it on the head when you described pins as a luxury item. People have been investing 10's of thousands of dollars into home theaters. In the beginning it was a complete niche market. Now my 70 year old parents are proud of there over priced Bose system. Pins are getting more popular in leaps and bounds. It's still a tiny tiny market. My guess, when Joe Suburbia can't impress his pals with the 80 inch screen, his $10,000 pinball machine will.
    I'm betting we're a long, long way from any bubble popping.

    I would have to agree.

    Some people were heavily affected by the economy situation, while many others were not, or were very well ahead of the game when it happened. I own an appliance service company in South Carolina. Most greater Charlotte area customers attitude is more about getting their appliances fixed, even if replacement boarders on similar cost.

    #156 8 years ago

    One thing I may have missed in this thread is the impact of the "flipper". This would be the person that trolls for every pin in the area, puts $30 of rubber on it and a little novus, then lists it for $1500 more than what they paid for it. They dont give a shit about the hobby, just the profit. These are the same "get-rich-quick" types of folks that helped artificially inflate the housing market. When the bubble burst, they were the ones stuck getting forclosed on their 500k house that was worth 175k two years prior, crying for help. I wonder how much the flipper has contributed to this pin price madness.

    I am not one to judge, but perhaps a reality check is in order. Not looking to draw flames, but at the end of the day us folks are paying outrageous amounts of money for....lets face it.....toys. Until we buyers take a step back and do this, I think the upward trend will continue.

    #157 8 years ago
    Quoted from coasterguy:

    Just like everything else in life. Prices will continue to rise.
    I read that milk could be $7 in 2013. I had a friend say today that gas in Chicago was "Cheap" at $3.54. A latte is $4.00 + and if you add a pumpkin scone your at $7.00 for a snack.
    2 fried shrimp dinner and a pint of custard at Culvers yesterday was $30
    Disney tickets went up again this year. $89 for a one day ticket. Then $4.00 for bottled water.
    I was in NYC for a conference and treated two friends to 4 total drinks and two appetizers in a lobby of a nice hotel. $126.00 later we went to dinner.
    How much was Milk or Gas when MM was shipping NIB and how much was it?
    Have your priced new cars lately?
    2013 Ford Escape can top out at $38,700. FORD Escape.... yes they are nice but......
    Same story, same thread. Pin prices will not go down or change EVER> The only thing that will change unfortunately is the collectors and buyers.
    Buy them now, hold onto them.
    Someday this hobby may price me out I suspect.

    While I agree that a lot of the items you mention increase that is expected with inflation, however it was only a few years ago NIB Stern games like SM/LOTR were mid 3K's. Plot all of these price increases as percentages over the past ten years and compare it to NIB pinball pricing. I think they will have very different curves.

    #158 8 years ago

    Insert Sam Elliot's voice here (why?, because he's got a great voice for pinball ads ); Back in the late 70's some early SFBA collectors were complaining about pinball prices being too high, the average price for a nice shopped and working game was $500. Some things never change, others do.

    600full-sam-elliott.jpg

    #159 8 years ago
    Quoted from HighSpeed1:

    I think it's only just begun!!!!
    Ebay link
    Ebay link
    I know that Ebay is not the Holy Grail for value, and the old repeated adage still applies, "it's only worth what someone will pay". But every time I need something, or want something be it collectable or otherwise, it always shows up on Ebay. I have been watching High Speed 1 games listed for upwards of 2-3 thousand, Taxi games even higher. And TAF, well even higher. When I bought my very decent High Speed 3 years ago, I paid 1,200.00 cash, and I thought that was high. A few weeks ago I bought a NOS system 11b MPU that I needed, a NOS plastic set, well I'd be a fool not pass it up, so I payed the price. I'm sure it's those actions on my part and others, that only help to keep the perceived value/inflation going.

    Thing about ebay is that there is a significant cost in doing business. You would need to adjust that for sales off of Ebay. Plus it is the #1 place to get maximum exposure.

    #160 8 years ago
    Quoted from WannaTheater:

    One thing I may have missed in this thread is the impact of the "flipper". This would be the person that trolls for every pin in the area, puts $30 of rubber on it and a little novus, then lists it for $1500 more than what they paid for it. They dont give a shit about the hobby, just the profit. These are the same "get-rich-quick" types of folks that helped artificially inflate the housing market. When the bubble burst, they were the ones stuck getting forclosed on their 500k house that was worth 175k two years prior, crying for help. I wonder how much the flipper has contributed to this pin price madness.
    I am not one to judge, but perhaps a reality check is in order. Not looking to draw flames, but at the end of the day us folks are paying outrageous amounts of money for....lets face it.....toys. Until we buyers take a step back and do this, I think the upward trend will continue.

    Carefull - plenty of those folks on pinside.

    #161 8 years ago
    Quoted from Methos:

    Carefull - plenty of those folks on pinside.

    Yep. Who among us doesn't want to come out on the plus side when we move one along?

    #162 8 years ago

    I look at it like classic cars. There are only "X" number of any given machine, some are probably destroyed/lost as time goes on. There seem to be amazing restorations intended for the collector/investor, such as Barrett-Jackson auctions, and that makes them pricier for those who simply want to play or drive. Then I think everyone in turn holds onto the games they normally might sell/trade to get another, and the law of supply/demand takes over. It would be neat to organize a network of people with players' games who could sell/trade amongst themselves, maybe at lower prices, to keep some alive and circulating. I know of one dealer who claims to sell high-end restored machines to celebrities and pro athletes who pay without caution; who can compete with that?

    #163 8 years ago

    think the ole flipper creed was - 'buy on craigslist and sell on ebay'
    I've never bought anything on ebay and always thought the prices ran on the high side,
    yet the site is still running hasn't collapsed or shut down so games must be moving ?

    #164 8 years ago

    When newbees come into a hobby like ours with an already inflated market. Then they precieve the current market is what they will have to spend to get what they want. For instance, TAF was for years a machine that could be had for around the 3 grand range. In the last year, it seems they are much more difficult to find for less then 4K. When newbees see a price like that, thats what they pay or budget towards getting one of thier own, thus the price continues to stay inflated where they are at. Until the days start coming where machines start selling at the prices they were at before this past years inflation, they will never come down because there are just too many people out there willing to pay these outragous prices. I would agree with the demand being more then the supply.

    I have to agree with many other comments. With the prices going the way they are, I would much rather buy a NIB instead as well.

    #165 8 years ago

    if someone is standing next to me waving 40 Benjis for my taf, why would i take $3000? Seriously, Why would I?

    $4000 buys me a lot more replacement pin than $3000 does.

    #166 8 years ago
    Quoted from maddog14:

    if someone is standing next to me waving 40 Benjis for my taf, why would i take $3000? Seriously, Why would I?
    $4000 buys me a lot more replacement pin than $3000 does.

    Sound logic, except NIB pins have gone up ~$2K in this time, and most reasonably desirable other used pins seem to have gone up similarly to TAF.

    So like trading houses when your house price goes up and the house you are buying has gone up, you haven't really come out ahead. The only way to get ahead is to cash out and sit on your money pile, Scrooge McDuck style.

    #168 8 years ago

    I think another reason these things are going way up in value is the mod factor. Even though a new MM or AFM sold for 3-4k originally, think of what you'd have to pay to bring it back to that condition even if you had one given to you for free. New PF: 1200-1500, plastics, cliffy's, LEDs, mods, decals... you can spend a few grand depending on the game -and that's doing all the work yourself if you're able.
    Essentially what we're seeing is that the value of these things is more in line with the cost of shopping them/upgrading them than the original cost. So long as there is a finite number of people who can shop a pin to mint condition, and we're keeping those people busy beyond what they can handle, they're not dropping their prices for any reason. A mint game now becomes way more expensive, and the routed machine with the same name also goes up in value.

    8 years later
    #169 5 months ago

    This thread aged well *snort*

    #170 5 months ago
    Quoted from smalltownguy2:

    This thread aged well *snort*

    This is some funny stuff.

    #171 5 months ago

    I like that this thread got bumped. Some things change and others don’t.

    Prices continue to go up the complaining stays the same.

    It’s all perspective. Eventually people will miss today’s prices.

    But, EJS, prices are going to come back down!!!

    EJS: this thread.

    #172 5 months ago

    I didn't check how old the thread was.

    Page one: "It's Mike Chestnut selling the game."

    #173 5 months ago

    Some how I just started reading page 1. Halfway down I notices posting from 8 years. I thought Pinside has crashed again. Come here to page 4 and realize I went Back to the Future.

    #174 5 months ago
    Quoted from smalltownguy2:

    This thread aged well *snort*

    It met the same fate as every pricing bubble thread.

    #175 5 months ago
    Quoted from pinstyle:

    Personally i think what drives the prices up are the cost of NIB pins. As they rise, so does everything else. If a NIB pin only costs $4500, there are a lot less people willing to shell out $4000 for a 15-20 year old machine when a NIB can be had for $500 more.

    This is still true, 8 years later. Just replace 4500 with 6000. Actually - one thing that has changed is that the NIB games all have LCDs, and a lot of these older games for sale have DMDs.

    #176 4 months ago
    Quoted from Agent_Hero:

    I didn't check how old the thread was.
    Page one: "It's Mike Chestnut selling the game."

    Yes, and his BR was beautiful.

    There are 176 posts in this topic. You are on page 4 of 4.

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