Arcade Collecting > Pinball
Whitewater shop job w/pics
Wade:
--- Quote from: pinballjim on September 03, 2008, 09:47:33 pm ---It's your number one keeper that you dumped all that worked into... and you're selling it.
;)
Again, very nice work.
:cheers:
--- End quote ---
I really had to, and I hated to. I have no pins at all right now, if that's any consolation. I didn't sell it while I still kept others, know what I mean? :)
Thanks for the compliments, it's appreciated.
Wade
ChadTower:
Those prices are all outdated. You can't apply pin prices from a year ago to the current market. It has dropped like an anvil. A guy here on the local collector's circuit was trying to sell a nice Whitewater and had to keep cutting price until it finally went at $1200. That's not specific to this game - they're all decreasing like that. A titles are dropping substantially, B-C games are barely selling, project B-C games aren't selling at all and guys are resorting to bulk offers. People are freaking out about fuel costs and the projected colder than average winter. Too many guys have their savings tied up in pins with the assumption that if they needed money they could just cash out a pin... and now that isn't happening. It is going to get far worse for them before it gets better.
Wade:
I live in BFE (basically 3+ hours from any large metro area) and in one week, I sold this and Whirlwind for $3200 to someone who drove 4 hours to get them. So call it $1600 each. And both games had advertised issues - Whirlwind had a weak flipper, intermittent drop target, and really needed a shop job. The WH2O had a reset problem, several wiring hacks, a consistent ball hang that needed repaired, was missing the topper dome and two boulders, had broken boulders, some bad ramps, the wrong legs, and had some cabinet fading.
The buyer is very happy with the purchase and price, and he wasn't a "know nothing" retail buyer, he's been a collector for 5+ years. Since they sold so quickly and I had many interested parties for the games individually, I think I could have sold them for more if I had been willing to break them up, and after cleaning up the WH2O. But in the past I've had to wait MONTHS to sell games since there's no local market so I didn't want to hold out, as much as I wanted to get the cash and be done with it.
I guess pricing is just an opinion anyway, it's not as predictable as car prices or home prices for example. So we could argue forever about it. I agree with you and pinballjim though that game prices in general have been falling the last year or two. But I also think WH2O has been increasing for the past 5+ years. Just my opinion and perspective of course.
Wade
Wade:
--- Quote from: ChadTower on September 04, 2008, 08:59:37 am ---Too many guys have their savings tied up in pins with the assumption that if they needed money they could just cash out a pin... and now that isn't happening. It is going to get far worse for them before it gets better.
--- End quote ---
I hope that's not true for many pin collectors at all. Doing so would be just foolish.
Wade
ChadTower:
--- Quote from: Wade on September 04, 2008, 07:43:45 pm ---I hope that's not true for many pin collectors at all. Doing so would be just foolish.
--- End quote ---
I've heard the strategy straight out of the mouth of several collectors. The rationale has been that you can keep your savings tied up in an account that is gaining below inflation or you can tie it up in pins that get more enjoyment than 2% interest is worth. It is how many of the middle class guys have large collections. Note that I'm not saying it's a good strategy. I'm just saying there are definitely guys out there doing it and they are starting to dump games fast as winter approaches. There are games here now that are being advertised at prices that would have gotten you called a lowballing a-hole for offering 12 months ago.
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