Excitement, butthurt in wake of Medieval Remake Announcement
Today at Pinball Expo in Chicago, Planetary Pinball announced they will produce 1000 remakes of the extremely popular Medieval Madness Pinball Machine at around $8000 each. Medieval Madness is often considered by collectors as the ‘holy grail’ pinball game to own, and prices within the last year for nice examples commanded $14000 or more.
When the question of whether or not any pinball game is worth north of ten grand comes up, inevitably the responses include a “Yes! It’s that good” as a refute to the possibility there may be a bit of irrational exuberance, and it’s ugly brother ‘speculation’, behind the game’s recent skyrocketing price trend. Many claim they don’t care what the price does. “I don’t care how high or low the price goes. I’ll never sell it. It’s a keeper for sure!”
With the proposition of buying a brand new Medieval Madness for $8000, will collectors insist on an original William’s-built Medieval Madness, and the associated maintenance and wear of a game that is over fifteen years-old? Or will they opt for the New-in-box experience with a warranty, all new everything, zero cabinet fade and possibly some improvements? And if the market prefers the latter, what will happen to the value of the original games?
User PinMeister on Pinside.com does not seem optimistic:
“I just sent the following to my distributor:
Please cancel my STLE order.
With all that is going on with classic and valuable games being re-released, I have decided to keep my collection in its present state and make no further game purchases for the foreseeable future. It is possible that I may liquidate my collection before AFM, MB, and CC are re-released, destroying their value. It is only a matter of time that Stern begins releasing an LE2 version of its more popular LE games destroying any potential for appreciation. Due to the greed of the powers that be (Planetary Pinball), who have decided to destroy the value of my classic games, I can no longer support the hobby. Perhaps it is time for pinball to finally die.”
Clearly a case of Medieval Sadness for Mr. PinMeister.
And yet, I think after the run is sold, and assuming they don’t continue to produce the game thereafter, the continued increase in pinball’s popularity will slowly pull this title back into five-figure territory within a couple years.