The Aussie Pinball Arcade
Aussie Pinball Forums => Pinball Trader => External sales (ebay, Gumtree, Trading Post etc) => Topic started by: Pinball tragic on February 07, 2016, 04:20:31 PM
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Is anyone out there as frustrated as I am with some of the ridiculous asking prices for some pretty standard pins at the moment?
I know it's only an asking price. The way I see it, one person puts an outrageous price on a pin. Sells it for half or less than that. Next person sees that pin advertised and notices that it has sold or disappeared so they assume it sold. So they advertise there's for a ridiculous price maybe even more ridiculous. Next person sees that ad , advertises there's...
You see where it's going.
Who's to blame the first or the last?
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Overpriced pins have been around for years
Nothing we can do about it
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First to blame is your primary school English teacher <.>
But seriously, yes many collectors find it very frustrating. It starts with the dealers inflating the prices and keeping them there for prolonged periods of time. Casual observers have an inherent trust with a dealer thinking the prices they are seeing is the cost of true value and service of this new interest they have. Sadly, they later find out when it comes to pinball, not all dealers offer the best service, sales and advice. The advertising method of overpricing a machine has had an impact on what people are wanting for their personal machines during sale time. Space Invaders for close to 6k - and my personal favourite a Stern Lightning which a couple of years back failed to sell for 2.2k and was repeatedly listed by the dealer for literally 18 months (was a running joke alongside the Granny and Gators) - now the same seller has another unit of the Lightning for over 4K! Who can forget the recent Teed Off for what was it? 7K?The seller didn't even bother putting the translite in for the photo. Almost criminal offence! All props if these machines are fetching the asking prices but many are not and it does confuse the market.
Even collectors on other forums will congratulate a high 3k asking price of a machine for sale when the same title was a 2k machine every day of the week only so long ago! A well restored/reconditioned machine will always command interest and a higher dollar - it would be particularly frustrating if you had one of these for sale and others come along without the work done asking for around the same amount.
It really is an interesting time for the pin market. If this proposed economy downturn comes, they say the first thing to go out the window are luxury items.
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Ha ha. Yes I'm illiterate.
Must have been all the thunder and LIGHTNING here.
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As a industry person, I'm amused at the dealer prices. Recently, I restored and Addams Family and valued the game at $9500. Without a doubt, it is one of the best Addams Family machines in the country. Now begs the question - "Is an Addams Family worth $9500 ?" In this case - Most definitely ;
Clearcoated playfield
Re decalled cabinet
New genuine Ramp, plastics set, LEDs
Boards refurbished
Spent 100 hours easily.
Now if the customer paid $6500, $1500 for the additional NOS playfield that was recleared and my time + parts = $9,500 EASILY. This point is - there is $9500 worth of value in that example.
So the "news" gets around that APR "sold an Addams for $9,500" - which is crap - I restored a customer's game and VALUED it at $9500. BUT - Dealers decided "that afternoon" that Addams Family are now "market value of $9500".
This creates an issue for newbies and customers that don't do their research - They are now TOLD by dealers "We sell Addams Family pinballs for $9500 every day of the week". So the illusion is created with the additional "APR are the same price but they take 6 months and we can have yours ready in a week". So the poor customer buys an Addams worth $6500 for $9,500 believing that is the market value.
The moral of the story is not to believe the hype. Don't buy the over priced games.
The other issue which is well documented and comes directly from the source (suppliers overseas). We have the typical dealer shopping games with the minimal work - and I've seen games were the pop bumpers are original - filthy, faded and broken ("fully stripped" !@#), crap ramps, crusty plastics and tumbled old flipper parts that are supposed to be new. An example was a Twilight Zone that sat on eBay at $9500 for MONTHS - no one is stupid enough to pay for this game, but the overseas supplier checked eBay Australia and find their overpriced games "fully shopped" by local dealers for 4 times what they sold them for (to the dealer). Overnight, TZ were almost DOUBLE the price from the supplier ! Yet local sellers blame private importers !
Local dealers that overprice their pins and now take MORE shortcuts due to their own stupidity complain the overseas supplier have increased their price so the local sellers pass on the price hike to the home buyer. It IS madness.
Regardless of the prices increasing - just don't pay those prices UNLESS you are getting the true value.
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First to blame is your primary school English teacher <.>
But seriously, yes many collectors find it very frustrating. It starts with the dealers inflating the prices and keeping them there for prolonged periods of time. Casual observers have an inherent trust with a dealer thinking the prices they are seeing is the cost of true value and service of this new interest they have. Sadly, they later find out when it comes to pinball, not all dealers offer the best service, sales and advice. The advertising method of overpricing a machine has had an impact on what people are wanting for their personal machines during sale time. Space Invaders for close to 6k - and my personal favourite a Stern Lightning which a couple of years back failed to sell for 2.2k and was repeatedly listed by the dealer for literally 18 months (was a running joke alongside the Granny and Gators) - now the same seller has another unit of the Lightning for over 4K! Who can forget the recent Teed Off for what was it? 7K?The seller didn't even bother putting the translite in for the photo. Almost criminal offence! All props if these machines are fetching the asking prices but many are not and it does confuse the market.
Even collectors on other forums will congratulate a high 3k asking price of a machine for sale when the same title was a 2k machine every day of the week only so long ago! A well restored/reconditioned machine will always command interest and a higher dollar - it would be particularly frustrating if you had one of these for sale and others come along without the work done asking for around the same amount.
It really is an interesting time for the pin market. If this proposed economy downturn comes, they say the first thing to go out the window are luxury items.
What happened? Didn't mind taking the piss with me and my grammar. But when your own mistake gets pointed out on the post you have a crack at me about you edit it. If you spell lightning with an e you got to cop it sweet. <.>
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I never get frustrated. I just don't buy and that's why my collection has remained unchanged for 3 years. Patience is the key now but if its your first game then I understand your pain.
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Be proactive and make an offer to the seller.
As you alluded to, most of those overpriced planks don't sell publicly and end up being pulled and selling for thousands of dollars below actual asking price.
You really only ever need to pay top dollar for a properly restored machine.
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First to blame is your primary school English teacher <.>
But seriously, yes many collectors find it very frustrating. It starts with the dealers inflating the prices and keeping them there for prolonged periods of time. Casual observers have an inherent trust with a dealer thinking the prices they are seeing is the cost of true value and service of this new interest they have. Sadly, they later find out when it comes to pinball, not all dealers offer the best service, sales and advice. The advertising method of overpricing a machine has had an impact on what people are wanting for their personal machines during sale time. Space Invaders for close to 6k - and my personal favourite a Stern Lightning which a couple of years back failed to sell for 2.2k and was repeatedly listed by the dealer for literally 18 months (was a running joke alongside the Granny and Gators) - now the same seller has another unit of the Lightning for over 4K! Who can forget the recent Teed Off for what was it? 7K?The seller didn't even bother putting the translite in for the photo. Almost criminal offence! All props if these machines are fetching the asking prices but many are not and it does confuse the market.
Even collectors on other forums will congratulate a high 3k asking price of a machine for sale when the same title was a 2k machine every day of the week only so long ago! A well restored/reconditioned machine will always command interest and a higher dollar - it would be particularly frustrating if you had one of these for sale and others come along without the work done asking for around the same amount.
It really is an interesting time for the pin market. If this proposed economy downturn comes, they say the first thing to go out the window are luxury items.
What happened? Didn't mind taking the piss with me and my grammar. But when your own mistake gets pointed out on the post you have a crack at me about you edit it. If you spell lightning with an e you got to cop it sweet. <.>
Nah I usually don't, thus why I went back and edited. I also added extra clarity to help answer the topic. Try and tap those paragraphs up on an iPad in under 5 mins without an error. Move on buddy and I'll promise to read over my responses before hitting post next time if you promise to learn the difference between their and there and when to use apostrophes. Then again it's just a pinball forum not a formal essay entry - only person who seems to care is you. Any wiser on why the pinball resell market is so high? Anything you can add to the discussion?
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If you don't want people to spell check your post, don't make comments about theirs then! Better?
I have learned that it seems to be a viscous circle. I am reasonably new to pinball and haven't had the experience of others. I am a bit wiser about the situation now. Thanks.
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My spelling is bad, but I like pinball
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Before uni I couldn't spell Engineer and now I are one @.@
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Their is always to opinion's on weather or knot two correct peoples grandma.........
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Their is always to opinion's on weather or knot two correct peoples grandma.........
I'm knot correcting you're grandma
She will probably use the wooden spoon on me :o
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Yes I have grate spelling. Can't spell frige, but know that's where the beer is and I can lift one. Isn't that all I need to know.
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Returning to normal programming..
:D
Could be an interesting and educational thread for Newbies.
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%.% loved some of these great responses thanks
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%$%
Project pins are still at reasonable prices, thankfully. Picked one up the other day and have seen other projects sell or advertise for 'standard' prices. The biggest increase in prices seem to come from the so called C & B list working pinballs. Even collectors are buying them and accepting the general increase in price - starting from $500 from that of two years ago.
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Quote from Sinbad sale description on eBay pretty much sums it up.
"I've looked around on eBay and found one for $4,250
After talking to some people who know about this stuff, they said to put the $2,995".
People see an asking price and think that's what their machine is worth. Sinbad is a cracker of a game, one of my favourites but in average condition like this one it's not worth anything close to this asking price and its the same machine that was listed for almost 3 times this price only a week ago. They do have a "make an offer option" so I guess at least they're willing to negotiate.
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Quote from Sinbad sale de******ion on eBay pretty much sums it up.
"I've looked around on eBay and found one for $4,250
After talking to some people who know about this stuff, they said to put the $2,995".
People see an asking price and think that's what their machine is worth. Sinbad is a cracker of a game, one of my favourites but in average condition like this one it's not worth anything close to this asking price and its the same machine that was listed for almost 3 times this price only a week ago. They do have a "make an offer option" so I guess at least they're willing to negotiate.
There lies the biggest problem with inflated prices. I wonder if the game would be cheaper if there was a project Sinbad (missing boards, flaked backglass and filthy) listed for $400 ?
We all know eBay is just "window shopping" used by dealers to hook in unsuspecting buyers, but listing like this are borderline fraudulent in my opinion.
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I love this description of a pinball being "shopped" or even better "fully shopped". In a lot of cases this seems to translate to - I have feather dusted this machine and now want an extra 500. Not saying all are like this but one mans shop is different to another's.
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Quote from Sinbad sale de******ion on eBay pretty much sums it up.
"I've looked around on eBay and found one for $4,250
After talking to some people who know about this stuff, they said to put the $2,995".
People see an asking price and think that's what their machine is worth. Sinbad is a cracker of a game, one of my favourites but in average condition like this one it's not worth anything close to this asking price and its the same machine that was listed for almost 3 times this price only a week ago. They do have a "make an offer option" so I guess at least they're willing to negotiate.
I like this quote from the same seller...
Let me first say I know nothing about pinball machines.
all 50 of these machines are listed for a friend.
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Quote from Sinbad sale de******ion on eBay pretty much sums it up.
"I've looked around on eBay and found one for $4,250
After talking to some people who know about this stuff, they said to put the $2,995".
People see an asking price and think that's what their machine is worth. Sinbad is a cracker of a game, one of my favourites but in average condition like this one it's not worth anything close to this asking price and its the same machine that was listed for almost 3 times this price only a week ago. They do have a "make an offer option" so I guess at least they're willing to negotiate.
I like this quote from the same seller...
Let me first say I know nothing about pinball machines.
all 50 of these machines are listed for a friend.
I'm sure the "friend" knows nothing about pinball machines either. Seems perfectly logical that someone with 50 of them wouldn't know a thing about them either. ::)
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If the seller knows "nothing" about pinball except inflated eBay prices, who doesn't he list them for $1 and see where the true value is ?
"Selling for a friend" - waiting for the next auction "Only a switch or two needs adjusting"..
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If the seller knows "nothing" about pinball except inflated eBay prices, who doesn't he list them for $1 and see where the true value is ?
"Selling for a friend" - waiting for the next auction "Only a switch or two needs adjusting"..
It's probably just a fuse.
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If you don't want people to spell check your post, don't make comments about theirs then! Better?
I have learned that it seems to be a viscous circle. I am reasonably new to pinball and haven't had the experience of others. I am a bit wiser about the situation now. Thanks.
I know this is an old thread, but did anyone else see the delicious irony there???
Cheers.
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Don't see any problem.
PT obviously MEANT to describe a circle that was thick and sticky. %$%