Quoted from cottonm4:Using your logic, wouldn't the Pinside Marketplace be misnamed? What about Flea Markets? Just because we are not talking about listed securities or pink sheet stuff doesn't mean these is no market for pinball machines, IMO. Actually, I think I could argue that pinball machines are close cousins to the pink sheet stocks--thinly traded with with wide spreads
https://pinside.com/pinball/market?page=12
Naw, not any more than Yachtworld's kissing cousin "soldboats" is evidence of a "market price" for boats.
Like a boat pins are bespoke when you get down to it, even (in many cases) right out of the box. I happen to own two prototype machines which are certainly not "production run" ones, along with others that *are* production-run machines. I also own both NIB-purchased machines that have never left my possession as well as those that have been in commercial use. But even discounting that they're all individual devices whether it be whether this one was mylar'd and that one wasn't, this one has ghosting issues with inserts, they're hand-assembled (which has its own set of issues) etc, and that's before you account for where it's been and how it's been treated.
The last decade or so has been an amusing time to be a collector of these things. The insanity that has surrounded the so-called "market" for them makes me crack a wry smile were I to ever decide I like the money more than the pins, but it also makes me chuckle on the other side of the table. IMHO its madness and it makes for interesting conversations, but at least for me, far fewer transactions than would otherwise be the case. There's a butt for every seat and capitalism is an interesting phenomena to observe but from where I sit transacting in a machine at several times its original NIB price on the premise of a "market price" instead of at a discount for depreciation since every component in same in fact deteriorates over time (like pretty-much anything else) is much like paying 1000x earnings for a stock; the only reason it transacts there is that some other fool will give you 1001x, and the day he doesn't show up you've got a pile of wood, wire and plastic. It is my sincere hope you enjoy playing it enough to justify your own personal bit of insanity because when (not if) that comes to pass you're gonna be keeping it for a long time.