Calling out the people who flip pinball machines but you are doing the same with Magic products and cards. Manipulating the market all the time. Thanks to people like you Magic the Gathering is now more like the stock market and not the trading card game we loved. The reserved list and people like you are the worst thing that ever happend to it.
Always has been. I despise Rudy for buying old school cards like he's a seller when he states hell never sell alpha, beta, unlimited or the four horsemen. He rips people off when buying these vintage cards. He should always buy these cards at market price.
Interesting POV. I got out of magic because WOTC overprinted everything and made some of my cards worthless and it was bumming me out. If it's bumming you out then get out. Simple. If you're still spending money on something that isn't making you happy then that's a problem you'd need to process within yourself. There's better things to spend your money on imo. I still love following the story though, which is free. 😅
It sounds like you're talking about my friend Issac. He's like 40 something. He played magic a few times as a kid. But never got into it. But he wanted to play with my group one day. Hes been playing now for about 2 to 3 months. He's got his entire family playing this game. He's buying decks and boxes and singles. He's got his kids saving up their chore money to buy new cards. He's probably spent about $5000 by himself in 3 months. It's wild lol
Been in the Pinball market as a buyer since 2016. The issue just wasn't in cardboard... it was in every hobby - statues, pinball, watches, cars, guns, PS5 lol you name it... the same behavior was across the board in all hobbies
It's even more wild that so much is peaking again now (collectibles, stocks, crypto, even real estate in select areas), but interest rates aren't going down. It feels like market manipulation across the board and the ones holding the bags at the end of it are gonna get screwed.
All psychology. Hasbro was truly effective in pissing us all off, consumers called their bluff, voted with their wallet. Hasbro pivoted, consumers slowly started trusting again, now we're all like a bunch of dudes after no-nut novemeber just going after everything.
I haven't played Magic for years and then got roped back into it over the past few months because my friends all play commander. You are quite right about the psychology and how much pissing people off will drive them away from spending or even interacting with any products a company makes. Voting with your wallet really is the best way to change a company.
With so many reprints of certain cards, I have seen $30.00 cards go down to $2.00. Hasbro / Wizards is ruining the collectability of a lot of the cards. The box prices are so ridiculous now and the card quality is really bad. Chris Cocks is the puppet master for Wizards pulling all of the strings. Magic is a great card game but is it really worth it to spend thousands of dollars for a couple of boxes from each new set? I don't think so.
Lifetime green player, yesterday saw the spoilers for a 2 mana dork that taps for 4, can be cast from grave, and has 4 toughness over red lightning bolt spells. How do you go up from there its crazy
I work with a guy like that. Anytime he gets into something, it crashes. One time he bought a crypto that I’d been holding for 2 years and I sold it as soon as he bought in lol
Keyforge: I have a sealed deck with two sets of the Four Horsemen, totaling eight Horsemen. I wish Keyforge was not a dead game. I don't know what to do with it.
Come out to the Houston Arcade Expo this October Rudy! Pinball Tables/Arcade Cabs to be sold and to be played. If you are gonna take a gamble, get a Labyrinth from Barrels of Fun. Great new company with a great table people want to play. (Edit: Also watch out for Stern's Vault editions)
That FFVII game perched up on the shelf made of Rudy a man after my own heart. That and the most brutal financial advice on the Internet. Keep dishing out the reality nuggets and gems, man. You really are making a difference.👍
Collectibles are accessible to a lot of audiences, and their relative affordability compared to real estate, cars, jewelry, etc. makes me think they've got some room to grow
I have a home arcade, that boom and bust of pinball machines was weird. My experience has been more people in the pinball world would rather trade machines then pay full value. Collectors do exist, and buying your first Nib machine is awesome. I know you have a mechanics background so repairs might come easy, but parts are getting stupid. That Pirates of the Caribbean pinball boom was insane to watch as it happened. Either way, hope whatever you decide to do, it goes well for you.
It's because of macro economic liquidity cycles. Bear and Bull markets across all risk on assets move in tandem based on whether central banks are raising or lowering interest rates
Other considerations...I sold the lowest performing/most abused items (ie collector boxes) to shift money into savings and money markets, respectively 4.5 and 5.5 percent and I'm happy I did. Pretty much zero risk, more liquid, and most important, making me monet right now...not in the unknown future. The Amazon dumps saw a drop off in price for collector boxes that requires this massive recovery we're now hearing about to roar forward for years just for me to break even. I kept my graded reserve cards, but modern product is simply too much risk vs the free money created by these interest rates. It's not all people who just don't know/don't get it/don't have faith or vision, some of us can just to math and see which assets will make me money on paper the fastest with the least downside risk. Thanks for the vids.
It’s at this juncture everyone realised that Rudy level of surprised meant that he truly believed that magic the gathering was an area of financial investment and trading.
This last year I have been unloading a lot of my stuff and just focusing on revised dual lands. I have lost a lot of faith in MTG overall and I saw this coming but it's nice to start dialing back and just be done buying all the new products
Next season on Alpha Investments: Limited Edition pin ball machines. But all cased up so you only see the outer boxing. Stacked up high in just another Florida warehouse.
I have a friend super into pinball machines. He owns ~30 of them. He had 8 in his home and has 22 placed in businesses. He gets 50% revenue from them. Despite what he says, a Stern pinball account doesn’t impress the ladies.
Because just like NFT and Crypto and other unregulated markets you have whales with pallets of product in their basements manipulating Timmies and Markets. There's never going to be another Black Lotus, but just like the comics market of the 90's everyone believes they are going to get the next Superman #1.. I mean Black lotus.
There's probably a Rudy in every hobby and commodity: Pinball Rudy, Arcade Rudy, Firearm Rudy, Shoes Rudy, Watch Rudy... the "U.S. Emperor" Norton lost his fortune trying to flip rice... I bet there's a Rudy out there that deals specifically in basement varieties of goldfish. :^)
Pinball machines are great!!! my dad used to work for a repair shop and before it shut down they gave him "Secret Service" from Data East we held it for over 20 years before dad sold it - against my will >:( please bring that market back. there is NO reason for those machines to go away.
The reality is that we're experiencing these "black swan events" more and more frequently. I am a millennial that was born in 1982. My generation has had to live through 6 major depressions recessions. Sure there have been depressions and recessions before, but all 6 of these were greater than what was even thought possible previously. Even The Great Depression, as they call it was surpassed by the Depression in 2008. We've got people who are in charge, who are supposed to be making very important decisions, Acting in ways that do not serve the best interests of the people. These people who are allegedly in charge will run our economy into the ground and the government will continue to bail them out, meanwhile, the people end up paying for it and so there's really no consequence to being so careless. The housing bubble exploded and millions lost their home and instead of learning from it, they just found other ways to prioritize profits and now it's going to happen again. The housing market is unsustainable as it is. Homes selling for 2-3x what they were selling for less than a decade earlier. More and more people completely blocked from the housing market, spending insane amounts on temporary housing due to prohibitively expensive houses. Food is more expensive than ever Water is more expensive than ever Shelter is more expensive than ever Medical Care is more expensive than ever These "black swan events" are becoming more common and will continue to get more common and until we start learning how to recognize them, we'll just be kicking the can down the road.
I wonder if there is anyone else other than Wizards Of The coast, that has a magic position like Rudy... his collection of old and new is just, staggering.....
I know a guy who buys, repairs and flips vintage pinball. He seems to mostly trade machines for other machines. He says he doesn't make a whole lot from it but I guess any profit... Is a profit?
Bought my first pinball machine High Speed back in 1999 for $1000 and it was mint. Been collecting and selling machines since. Like any hobby it can become an addiction. Stern IMO has gone downhill. Last Stern machines I purchased NIB was LOTR and Indiana Jones. Chicago Gaming again IMO are making the best “old school” remake machines on the market. Buy machines you’ve played and enjoy. Don’t buy a machine just based on the title
Maybe the value of all these collectibles following the same path has more to do with the changing value of money. Maybe it's the collectibles that have more even, constant value and it's the currency that we all think of as a constant that changes wildly like this. Just a thought.
The common thing between all these collectables is they are denominated in US Dollars, and it the problems with the money printing and loose credit that is causing these waves of prices spiking and crashing.
I agree with your disdain for money printing, but it appears the strength of the US Dollar as increased generally over time at least since 2021, so that can't actually be the cause of the inflation in collectibles prices, or I guess you might say, at least less so here than it would be in other countries comparatively.
Just a friendly PSA for anyone looking to support Rudy's patreon: I had a negative experience when I decided to support. The boxes weren't what I thought they'd be, but I decided to buy 2 and cancel my patreon. Instead of honoring the sale, Rudy cancelled and refunded the order. So I essentially paid him $15 for nothing. Not saying Rudy's a bad guy, but his business practices are not great. If you want draft boxes and are willing to pay $15 a month for $89 boxes, then you might have a good experience in the long run. But if you sign up and realize you won't want to continue, you'll probably be out of luck
The swing in value is a wealth transfer, its been in the works for a while now on higher levels by our "parents" which basically have control of most important functions of most important governments. It is very difficult to be able to take advantage of a wealth transfer for most people, this is because the main tactic is to make basic needs very expensive. So the majority of people can not use their capital on anything other than basic needs. Basic needs - food (getting more expensive every month) - Transportation (getting more expensive every month still) - Housing (getting more expensive every month) just to list a few. So I may not understand the MTG market nearly as well as Rudy, but I understand exactly what is going on here.
As long as apathy doesn't hit the buyer market it will be okeyish. Older dudes have more money to spend , so the prices can go up. Scary stuff happens when you have a popular frenchise, it crashes for reasons, the company (after too long time) decides to go back to the good old stuff . So you get the *new* Vaders, Lukes, Hans etc they always sold , no matter what. And they don't this time and your store goes down , because you have merch that doesn't sell.
You should check out the Musical Instrument world during the Wuhu Flu, the secondary market skyrocketed surpassing and new instruments for the three year stretch increased a rate of $100 a year. Right now major online suppliers are have to liquidate a lot of these assets as they over predict the demand and in responses to the manufacturers have been making *wink wink* New models (that are basically exactly the same) at a higher price point to keep th margins seem as good.
The used instrument market is insane right now, but noone is cluing in that their 300 dollar 9th iteration of a tubescreamer clone by Basement Rudy isn't valueble so they are all still trying to sell it for 900 dollars. All the music stores are struggling with too much product and no buyers. All the Lgs are going to have same problem. They've all been hoarding sealed product so they can be the next Open Boosters in 20 years. But there's just waaaay too much product for that to happen. The only Sets where open boosters style profit is going to be possible is Pre TH-cam sets, and everyone has collectively decided that that market is overpriced and it's stalled. Hence no reserve list. In twenty years millenials will be dead or homeless and there will be no nostalgia for Homelands. Gen Z doens't give two craps about Homelands.
@@whiskerbiscuit6674 What did Rudy do to you folks this time? Because having honest conversations about a topic I'm interested in is honestly the only reason I choose to engage. Not to have to deal with this impotent rage that is like a soda seeping into a shag carpet.
@@ThePenitentSquirrel It's not rage. The world is on the verge of an insane market collapse like we've never seen before. The problem is you have all these people spending exorbitant amounts of money on worthless things and regular people are going to have to bail them out. We haven't seen the bottom. TH-cam created a hyper inflated speculation market on everything. There is so much money in useless things right now. Yes there will be one or two success stories coming out of this collapse like the subprime but everyone's belief that they are going to come out on top is just like the NFT timmies. Everything runs on 20 year cycles. This is MTG's twenty year cycle. Comic books had a new 20 year cycle as well but it wasn't as big. Why? Because the first 20 year cycle happened in the 90's. But during that boom everyone was keenly aware that "comics had value" So people bought and bought and bagged an boarded right away and was over printed. So this cycle, any comic from the 90's was still incredibly affordable because they were over printed and looked after. Only the comic books pre 90's boom saw any real increase in value because they were actually rare from a time when comics weren't considered valuable. The pokemon and MTG boom this time around was about the original cards that 90's parents threw away or weren't looked after because children don't know how to look after things. But twenty years from now there's going to be a million Collectors boosters and the value isn't going to be there because 60's year olds aren't going to play MTG or pokemon anymore and getting the cards will be easy because it's over printed and everyone wore gloves and sleeved the cards at all times. The sneaker market is millennials. Gen Z has no nostalgia for Air Force Ones. They weren't even born yet. Gen Z never played arcade games. There is no nostalgia for them from Gen Z. If you want to make money twenty years from now, find out what Gen Z and younger generation actually liked, (Not liked because there was money in it) and buy that stuff. So in twenty years when their kids move out and they have disposable income they'll want to relive their childhood, and you can sell them whatever they lost/ruined or missed out on. Go buy rare fidget spinners? Probably not fidget spinners but you get the idea. A fad that was huge that kids don't care about much anymore where the majority of the product is either thrown away or lost or ruined, and collect that so you can resell it when they get money again. Rudy is a distributer. He's not your friend. He makes money by you guys having fomo. The point is trying to educate the Timmies so they don't ruin the global market and force everyone else to bail them out. I don't want to have to buy MTG singles off homeless people every day instead of giving change. You got to know when the hold them, but more importantly you got to know when to fold them. This is the point in the bubble where we find out who's left holding the bag. WoTC is desperate that's whey they are releasing more and more, shiny things to try to keep the bubble up. But not all that glitters is gold.
Question time. How does it relate to the housing market? Has it gone in a similar manner, or is it floser to 2007 or 08? They talk about 7 year trends of climbs to market flops... Does it seem to follow?
Well WotC put out numerous subpar sets that rode the coattails of select reprints, rather than releasing a product that could stand on its own 2 feet. Now they finally released a product that does the latter and it’s so expensive that they don’t have to even sell that much in order to make massive profit. It costs them the same to produce MH3 as it does Markov (fancy collectors commander sets aside). It’s sort of like Lamborghinis. They don’t have to sell too many Lambos in order to turn profit. Also, investors are responsible for skewing prices. Without these “investors” these products would have taken a massive price cut years ago. They also would have been forced to upscale the quality and offer bigger bang for your buck. Secret Lairs are a good example of this. If mostly just players were buying them, we would’ve had far better cards in them as they initially had started. Instead just the opposite happen. After the LotR SLD there should’ve been a massive nose dive in SLD sales but there wasn’t. So thank you “investors” for making these products so damn inflated.
It's funny you're talking about the high end watch market in there as eBay has been suggesting them to me for no apparent reason besides they're just not selling now compared to other physical alternate investments, and they aren't very liquid in comparison.
I have a feeling Outlaws of Thunder Junction is selling more than any magic set has in the past decade yet all we ear from TH-camrs is that they are tired of Wizards doing niche themed sets. This was the home run wizards was looking for.
There's probably a correlation to CPI and the reserve list and another aspect sealed products getting opened and/or sold when people don't have money to go out. So moving into a recession reserve list goes down and sealed boxed products might go up, something like that. Then Timmys cousin is like you know I'm kind of tired of this game I'm thinking about buying a pinball machine. The bust isn't here yet, the same is true of bitcoin, because when the rates are high, liquidity dries up and eventually Timmy is broke again. Where's the rest of the Hasboro product lines at? Why is wizards the flagship, it's just a matter of time. There's too many conflicts of interest.
kidforce collectibles in berea oh is a huge LGS that also peddles and supports pinball fwiw. Joe who owns it im sure has some higher resolution understanding. I want the Rush pinball, its SWEET
I didn't forget Hour of Devastation watching you since 2017 man. What I've learned over time is, you're so right and everyone hates you for it. Dungeons and Dragons Set? Baldurs Gate? Lord of the Rings? Yeah its all garbage and going to zero. DUMP IT. They did dump it all. And now look, 12 months later. You can't find one under a higher price if you tried. People don't know how good they have it, until its gone - Rudy in a video in like 2019. When you're right a lot, everyone will hate you for it, this is when you'll know, you're on the right path. - Some Timmy video from Rudy in like 2020.
So Rudy spends 30 minutes spewing buzz words, fallacious examples, and serves up a huge word salad. He reaches the startling conclusion that, wait for it; humans can behave in unpredictable ways. Wow, who knew!
Perhaps when the customer doesn't buy one product, they use that money to buy a similar product sometime down the road. Maybe the true line is somewhere between the worst and the best set performances.
Is it me or is Rudy on cruise control with the same ole content over and over and over again? I mean I am pretty sure this same story has been said by him in other videos about 1611 times....
This is the entire youtube speculator market. The easy money and hype is over. So is the content. It was over a long time ago but people think if they hold onto their NFT's it'll bounce back again.
Calling out the people who flip pinball machines but you are doing the same with Magic products and cards. Manipulating the market all the time. Thanks to people like you Magic the Gathering is now more like the stock market and not the trading card game we loved. The reserved list and people like you are the worst thing that ever happend to it.
Wah wahhh wahhhhhh
Bro needs a girlfriend ASAP
I hate to say your not wrong
Always has been. I despise Rudy for buying old school cards like he's a seller when he states hell never sell alpha, beta, unlimited or the four horsemen. He rips people off when buying these vintage cards. He should always buy these cards at market price.
Interesting POV. I got out of magic because WOTC overprinted everything and made some of my cards worthless and it was bumming me out. If it's bumming you out then get out. Simple. If you're still spending money on something that isn't making you happy then that's a problem you'd need to process within yourself. There's better things to spend your money on imo. I still love following the story though, which is free. 😅
Yeah Rudy this is all great. Whatever. WE. NEED. TO. SEE. THE. CAR!!!!!
my guess is evo, wrx, golf, or mazdaspeed
Lowered Cutlass Sierra 4 door.
Ek civic? I would die
Seconded. Motion carries.
😢
It sounds like you're talking about my friend Issac. He's like 40 something. He played magic a few times as a kid. But never got into it. But he wanted to play with my group one day. Hes been playing now for about 2 to 3 months. He's got his entire family playing this game. He's buying decks and boxes and singles. He's got his kids saving up their chore money to buy new cards. He's probably spent about $5000 by himself in 3 months. It's wild lol
Been in the Pinball market as a buyer since 2016. The issue just wasn't in cardboard... it was in every hobby - statues, pinball, watches, cars, guns, PS5 lol you name it... the same behavior was across the board in all hobbies
It's even more wild that so much is peaking again now (collectibles, stocks, crypto, even real estate in select areas), but interest rates aren't going down. It feels like market manipulation across the board and the ones holding the bags at the end of it are gonna get screwed.
All collectibles are non-essential and depend heavily on expandible income. No wonder they all follow the same trend.
All psychology. Hasbro was truly effective in pissing us all off, consumers called their bluff, voted with their wallet. Hasbro pivoted, consumers slowly started trusting again, now we're all like a bunch of dudes after no-nut novemeber just going after everything.
I haven't played Magic for years and then got roped back into it over the past few months because my friends all play commander. You are quite right about the psychology and how much pissing people off will drive them away from spending or even interacting with any products a company makes. Voting with your wallet really is the best way to change a company.
With so many reprints of certain cards, I have seen $30.00 cards go down to $2.00. Hasbro / Wizards is ruining the collectability of a lot of the cards. The box prices are so ridiculous now and the card quality is really bad. Chris Cocks is the puppet master for Wizards pulling all of the strings. Magic is a great card game but is it really worth it to spend thousands of dollars for a couple of boxes from each new set? I don't think so.
A lot of trust will never be regained 😢
Yeaaa, Yeaa, we get it! Cardboard is cool, pinball is cool, can we just see Rudy’s tricked out car already??
Metazoo was the biggest Boom-and-bust/ black swan event
Reprint Era is over, welcome fire power creep era.
Lifetime green player, yesterday saw the spoilers for a 2 mana dork that taps for 4, can be cast from grave, and has 4 toughness over red lightning bolt spells. How do you go up from there its crazy
"My life of card board" should be the title of a Rudy documentary
At one point there were more investors than consumers in all markets.
guy is declaring bull season for collectibles. Time to start exiting
I work with a guy like that. Anytime he gets into something, it crashes. One time he bought a crypto that I’d been holding for 2 years and I sold it as soon as he bought in lol
My Grandpa use to repair old pinball machines like the old old ones and I remember going over and him always have a new one in his basement!
Price changes now happen so fast it’s so unpredictable. The old statistics don’t show signs/trends we can use now
I’ve always said the best thing in life is relatively V shaped
Checks out
Florida man discusses cardboard career from basement.
Tinfoil hat sales spike.
Timmy's are confused.
its a storage unit
@@ChickenMcThiccken it's an above-ground basement duh
Florida is a wonderful, magical place, thought by many to not exist at all...
Keyforge: I have a sealed deck with two sets of the Four Horsemen, totaling eight Horsemen. I wish Keyforge was not a dead game. I don't know what to do with it.
This game was never hyped or anything maybe in the USA but outside nobody buys sh1t from you
Come out to the Houston Arcade Expo this October Rudy! Pinball Tables/Arcade Cabs to be sold and to be played. If you are gonna take a gamble, get a Labyrinth from Barrels of Fun. Great new company with a great table people want to play. (Edit: Also watch out for Stern's Vault editions)
That FFVII game perched up on the shelf made of Rudy a man after my own heart. That and the most brutal financial advice on the Internet. Keep dishing out the reality nuggets and gems, man. You really are making a difference.👍
Collectibles are accessible to a lot of audiences, and their relative affordability compared to real estate, cars, jewelry, etc. makes me think they've got some room to grow
You have to drink every time Rudy says "black swan"
Already five times so far 😢
Ugh, 10
I died
@@Diddysexcuse RIP 💀
I want Rudy to do a video on Hermes handbags. “69” “Timmy” and “Birkin” in the same sentence for the first time in history.
I have a home arcade, that boom and bust of pinball machines was weird. My experience has been more people in the pinball world would rather trade machines then pay full value. Collectors do exist, and buying your first Nib machine is awesome. I know you have a mechanics background so repairs might come easy, but parts are getting stupid.
That Pirates of the Caribbean pinball boom was insane to watch as it happened.
Either way, hope whatever you decide to do, it goes well for you.
It's because of macro economic liquidity cycles. Bear and Bull markets across all risk on assets move in tandem based on whether central banks are raising or lowering interest rates
Other considerations...I sold the lowest performing/most abused items (ie collector boxes) to shift money into savings and money markets, respectively 4.5 and 5.5 percent and I'm happy I did. Pretty much zero risk, more liquid, and most important, making me monet right now...not in the unknown future.
The Amazon dumps saw a drop off in price for collector boxes that requires this massive recovery we're now hearing about to roar forward for years just for me to break even. I kept my graded reserve cards, but modern product is simply too much risk vs the free money created by these interest rates. It's not all people who just don't know/don't get it/don't have faith or vision, some of us can just to math and see which assets will make me money on paper the fastest with the least downside risk.
Thanks for the vids.
It’s at this juncture everyone realised that Rudy level of surprised meant that he truly believed that magic the gathering was an area of financial investment and trading.
Best video and best comment section! Thanks Rudy for everything
This last year I have been unloading a lot of my stuff and just focusing on revised dual lands. I have lost a lot of faith in MTG overall and I saw this coming but it's nice to start dialing back and just be done buying all the new products
Puzzles. Puzzles went absolutely nuts during covid.
vibrators... and lube... even better.
Underrated comment.
The temperature has been turned up on that Brownian motion.
Next season on Alpha Investments: Limited Edition pin ball machines. But all cased up so you only see the outer boxing. Stacked up high in just another Florida warehouse.
Welcome, Rudy. You are now awoken.
LOVE YOU RUDY!! Keep on keeping on!!
LE Pinball or a Car? Ah screw it, I can walk.
18:52 These jokes in this segment always make me chuckle 😁
I have a friend super into pinball machines. He owns ~30 of them. He had 8 in his home and has 22 placed in businesses. He gets 50% revenue from them. Despite what he says, a Stern pinball account doesn’t impress the ladies.
admire the passion. keep doing what makes you happy an tuning out the noise.
Exact same thing happened with the exotic animal trade
Magic the Gathering market price has no reasonable logic, the cards’ prices go up even when there are no one is buying and less players every year.
Because just like NFT and Crypto and other unregulated markets you have whales with pallets of product in their basements manipulating Timmies and Markets. There's never going to be another Black Lotus, but just like the comics market of the 90's everyone believes they are going to get the next Superman #1.. I mean Black lotus.
Less player every year 😂 quit the meth fam
Well there's always the 236 Bowman @@whiskerbiscuit6674
There's probably a Rudy in every hobby and commodity: Pinball Rudy, Arcade Rudy, Firearm Rudy, Shoes Rudy, Watch Rudy... the "U.S. Emperor" Norton lost his fortune trying to flip rice... I bet there's a Rudy out there that deals specifically in basement varieties of goldfish. :^)
nice description with black swan event with black swan having black swan babies
Talib’s work on fat tails and its application to mtg is such a fun thought experiment
Pinball machines are great!!! my dad used to work for a repair shop and before it shut down they gave him "Secret Service" from Data East we held it for over 20 years before dad sold it - against my will >:( please bring that market back. there is NO reason for those machines to go away.
The reality is that we're experiencing these "black swan events" more and more frequently. I am a millennial that was born in 1982. My generation has had to live through 6 major depressions recessions. Sure there have been depressions and recessions before, but all 6 of these were greater than what was even thought possible previously. Even The Great Depression, as they call it was surpassed by the Depression in 2008. We've got people who are in charge, who are supposed to be making very important decisions, Acting in ways that do not serve the best interests of the people. These people who are allegedly in charge will run our economy into the ground and the government will continue to bail them out, meanwhile, the people end up paying for it and so there's really no consequence to being so careless. The housing bubble exploded and millions lost their home and instead of learning from it, they just found other ways to prioritize profits and now it's going to happen again. The housing market is unsustainable as it is. Homes selling for 2-3x what they were selling for less than a decade earlier. More and more people completely blocked from the housing market, spending insane amounts on temporary housing due to prohibitively expensive houses.
Food is more expensive than ever
Water is more expensive than ever
Shelter is more expensive than ever
Medical Care is more expensive than ever
These "black swan events" are becoming more common and will continue to get more common and until we start learning how to recognize them, we'll just be kicking the can down the road.
If seems like things are more likely to be priced in extremes today than in history. One to another and back again.
Rudy didn't huff old magic ink prior to the recording of this video. Impressive!
Pinball takes up a lot of space but I recommend Iron Maiden and lotr machine mmm mmmmm
The beginning…???!!! The Best! Thanks! THE BALLER. Period. 💯 Thanks Rudy. Sickest slide ever.
Boseiju, The Market Endures is still the most sought after Rudy endorsed cards in history.
great video about collector behavior. there certainly are more categories thab just tcg’s, comics and sports cards. 😁👊🏻
Pinball machines sounds like a HIGHLY illiquid market with high delivery costs and transportation risk.
famous last words, screenshot this comment and check back in 6 months when markets are down 40%.
It is honestly very easy to see that the market is desperate, it will crumble and collapse.
I wonder if there is anyone else other than Wizards Of The coast, that has a magic position like Rudy... his collection of old and new is just, staggering.....
I know a guy who buys, repairs and flips vintage pinball. He seems to mostly trade machines for other machines. He says he doesn't make a whole lot from it but I guess any profit... Is a profit?
Rudy showcasing my childhood PC games in the background just to tickle my Timmy.
Bought my first pinball machine High Speed back in 1999 for $1000 and it was mint. Been collecting and selling machines since. Like any hobby it can become an addiction. Stern IMO has gone downhill. Last Stern machines I purchased NIB was LOTR and Indiana Jones. Chicago Gaming again IMO are making the best “old school” remake machines on the market. Buy machines you’ve played and enjoy. Don’t buy a machine just based on the title
Maybe the value of all these collectibles following the same path has more to do with the changing value of money. Maybe it's the collectibles that have more even, constant value and it's the currency that we all think of as a constant that changes wildly like this. Just a thought.
The common thing between all these collectables is they are denominated in US Dollars, and it the problems with the money printing and loose credit that is causing these waves of prices spiking and crashing.
I agree with your disdain for money printing, but it appears the strength of the US Dollar as increased generally over time at least since 2021, so that can't actually be the cause of the inflation in collectibles prices, or I guess you might say, at least less so here than it would be in other countries comparatively.
LOVE the diablo and ff7 cds on the back shelf. rudy has good taste
Ask not for whom the bubble bell tolls. It tolls for thee.
That chair slide HAHA! XD
Rudy, the Alpha Investor, the Pinball Wizard, the Flopper of Tacos!
That copy of ff7 sittin back there is my favorite part
And right next to Diablo. Two legendary products.
Hair looking crisp Rudy
Leaning Forward in Chair - Rudy's Version
They should make a Pokemon or MTG pinball that comes with an exclusive case of booster boxes. Now THAT would be something!!
Just a friendly PSA for anyone looking to support Rudy's patreon:
I had a negative experience when I decided to support. The boxes weren't what I thought they'd be, but I decided to buy 2 and cancel my patreon. Instead of honoring the sale, Rudy cancelled and refunded the order. So I essentially paid him $15 for nothing.
Not saying Rudy's a bad guy, but his business practices are not great. If you want draft boxes and are willing to pay $15 a month for $89 boxes, then you might have a good experience in the long run. But if you sign up and realize you won't want to continue, you'll probably be out of luck
The swing in value is a wealth transfer, its been in the works for a while now on higher levels by our "parents" which basically have control of most important functions of most important governments. It is very difficult to be able to take advantage of a wealth transfer for most people, this is because the main tactic is to make basic needs very expensive. So the majority of people can not use their capital on anything other than basic needs. Basic needs - food (getting more expensive every month) - Transportation (getting more expensive every month still) - Housing (getting more expensive every month) just to list a few. So I may not understand the MTG market nearly as well as Rudy, but I understand exactly what is going on here.
Pokemon in Japan is experiencing a very hard crash right now, alongside reprint of recent SV extensions
It happened in used vehicles and used appliances especially freezers
As long as apathy doesn't hit the buyer market it will be okeyish. Older dudes have more money to spend , so the prices can go up. Scary stuff happens when you have a popular frenchise, it crashes for reasons, the company (after too long time) decides to go back to the good old stuff . So you get the *new* Vaders, Lukes, Hans etc they always sold , no matter what. And they don't this time and your store goes down , because you have merch that doesn't sell.
You should check out the Musical Instrument world during the Wuhu Flu, the secondary market skyrocketed surpassing and new instruments for the three year stretch increased a rate of $100 a year. Right now major online suppliers are have to liquidate a lot of these assets as they over predict the demand and in responses to the manufacturers have been making *wink wink* New models (that are basically exactly the same) at a higher price point to keep th margins seem as good.
The used instrument market is insane right now, but noone is cluing in that their 300 dollar 9th iteration of a tubescreamer clone by Basement Rudy isn't valueble so they are all still trying to sell it for 900 dollars.
All the music stores are struggling with too much product and no buyers. All the Lgs are going to have same problem. They've all been hoarding sealed product so they can be the next Open Boosters in 20 years. But there's just waaaay too much product for that to happen. The only Sets where open boosters style profit is going to be possible is Pre TH-cam sets, and everyone has collectively decided that that market is overpriced and it's stalled. Hence no reserve list. In twenty years millenials will be dead or homeless and there will be no nostalgia for Homelands. Gen Z doens't give two craps about Homelands.
@@whiskerbiscuit6674 What did Rudy do to you folks this time? Because having honest conversations about a topic I'm interested in is honestly the only reason I choose to engage. Not to have to deal with this impotent rage that is like a soda seeping into a shag carpet.
@@ThePenitentSquirrel It's not rage. The world is on the verge of an insane market collapse like we've never seen before. The problem is you have all these people spending exorbitant amounts of money on worthless things and regular people are going to have to bail them out. We haven't seen the bottom. TH-cam created a hyper inflated speculation market on everything. There is so much money in useless things right now. Yes there will be one or two success stories coming out of this collapse like the subprime but everyone's belief that they are going to come out on top is just like the NFT timmies. Everything runs on 20 year cycles. This is MTG's twenty year cycle. Comic books had a new 20 year cycle as well but it wasn't as big. Why? Because the first 20 year cycle happened in the 90's. But during that boom everyone was keenly aware that "comics had value" So people bought and bought and bagged an boarded right away and was over printed. So this cycle, any comic from the 90's was still incredibly affordable because they were over printed and looked after. Only the comic books pre 90's boom saw any real increase in value because they were actually rare from a time when comics weren't considered valuable. The pokemon and MTG boom this time around was about the original cards that 90's parents threw away or weren't looked after because children don't know how to look after things. But twenty years from now there's going to be a million Collectors boosters and the value isn't going to be there because 60's year olds aren't going to play MTG or pokemon anymore and getting the cards will be easy because it's over printed and everyone wore gloves and sleeved the cards at all times. The sneaker market is millennials. Gen Z has no nostalgia for Air Force Ones. They weren't even born yet. Gen Z never played arcade games. There is no nostalgia for them from Gen Z.
If you want to make money twenty years from now, find out what Gen Z and younger generation actually liked, (Not liked because there was money in it) and buy that stuff. So in twenty years when their kids move out and they have disposable income they'll want to relive their childhood, and you can sell them whatever they lost/ruined or missed out on. Go buy rare fidget spinners? Probably not fidget spinners but you get the idea. A fad that was huge that kids don't care about much anymore where the majority of the product is either thrown away or lost or ruined, and collect that so you can resell it when they get money again.
Rudy is a distributer. He's not your friend. He makes money by you guys having fomo. The point is trying to educate the Timmies so they don't ruin the global market and force everyone else to bail them out. I don't want to have to buy MTG singles off homeless people every day instead of giving change.
You got to know when the hold them, but more importantly you got to know when to fold them. This is the point in the bubble where we find out who's left holding the bag. WoTC is desperate that's whey they are releasing more and more, shiny things to try to keep the bubble up. But not all that glitters is gold.
Question time. How does it relate to the housing market? Has it gone in a similar manner, or is it floser to 2007 or 08? They talk about 7 year trends of climbs to market flops... Does it seem to follow?
Show us the ride Rudy.
Well WotC put out numerous subpar sets that rode the coattails of select reprints, rather than releasing a product that could stand on its own 2 feet. Now they finally released a product that does the latter and it’s so expensive that they don’t have to even sell that much in order to make massive profit. It costs them the same to produce MH3 as it does Markov (fancy collectors commander sets aside). It’s sort of like Lamborghinis. They don’t have to sell too many Lambos in order to turn profit. Also, investors are responsible for skewing prices. Without these “investors” these products would have taken a massive price cut years ago. They also would have been forced to upscale the quality and offer bigger bang for your buck. Secret Lairs are a good example of this. If mostly just players were buying them, we would’ve had far better cards in them as they initially had started. Instead just the opposite happen. After the LotR SLD there should’ve been a massive nose dive in SLD sales but there wasn’t. So thank you “investors” for making these products so damn inflated.
More videos about One Piece TCG please
What Rudy is saying is there may be a mega black swan event - Covid 2, Electric Boogaloo
You're near terming Rudy, the cycle was even crazier during the Great Recession even in collectables
My Chalupa is protected by Circle of Protection: Brown
It's funny you're talking about the high end watch market in there as eBay has been suggesting them to me for no apparent reason besides they're just not selling now compared to other physical alternate investments, and they aren't very liquid in comparison.
Because you're an inept card collector. The algorithm knows you're easy prey.
Florida man figures out his niche wasn't special.... News at 6.... Love yeah Rudy keep up the great work.
I have a feeling Outlaws of Thunder Junction is selling more than any magic set has in the past decade yet all we ear from TH-camrs is that they are tired of Wizards doing niche themed sets. This was the home run wizards was looking for.
There's probably a correlation to CPI and the reserve list and another aspect sealed products getting opened and/or sold when people don't have money to go out. So moving into a recession reserve list goes down and sealed boxed products might go up, something like that. Then Timmys cousin is like you know I'm kind of tired of this game I'm thinking about buying a pinball machine. The bust isn't here yet, the same is true of bitcoin, because when the rates are high, liquidity dries up and eventually Timmy is broke again. Where's the rest of the Hasboro product lines at? Why is wizards the flagship, it's just a matter of time. There's too many conflicts of interest.
kidforce collectibles in berea oh is a huge LGS that also peddles and supports pinball fwiw. Joe who owns it im sure has some higher resolution understanding. I want the Rush pinball, its SWEET
I didn't forget Hour of Devastation watching you since 2017 man. What I've learned over time is, you're so right and everyone hates you for it.
Dungeons and Dragons Set? Baldurs Gate? Lord of the Rings? Yeah its all garbage and going to zero. DUMP IT.
They did dump it all. And now look, 12 months later.
You can't find one under a higher price if you tried.
People don't know how good they have it, until its gone - Rudy in a video in like 2019.
When you're right a lot, everyone will hate you for it, this is when you'll know, you're on the right path. - Some Timmy video from Rudy in like 2020.
Market acting like an absolute value function
RUDY!!!! I am beginning to wonder if Diablo makes a cameo in all of your videos.
watching you bend that revised mountain was painful
I was here for whatever this is!
Rudy! Great hair fella, much better than mine lol
Haha. "A box of card" is the next secret lair.
I notice that Rudy makes more old man noises lately as he sits down. :D
Im not at all surprised there are markets following a similar sinusoidal swing. Its kinda how it works.
Speaking of black swan events, if China invades Taiwan tomorrow, how will it's impact on the global economy affect the CCG market?
So Rudy spends 30 minutes spewing buzz words, fallacious examples, and serves up a huge word salad. He reaches the startling conclusion that, wait for it; humans can behave in unpredictable ways. Wow, who knew!
Same as always
TCG culture has been doomed for a while
Rudy, The Pontificator - 1RB - When Rudy ETBs, opponents creatures get -69/-69 and can't block this turn.
Perhaps when the customer doesn't buy one product, they use that money to buy a similar product sometime down the road.
Maybe the true line is somewhere between the worst and the best set performances.
369k subs, nice.
Is it me or is Rudy on cruise control with the same ole content over and over and over again? I mean I am pretty sure this same story has been said by him in other videos about 1611 times....
This is the entire youtube speculator market. The easy money and hype is over. So is the content. It was over a long time ago but people think if they hold onto their NFT's it'll bounce back again.
He likes talking to himself 🤫
Nah it’s just you