[gnugget5]

So glad I got the best buy one when it first came up last night. Wife has been in labor all day and there is now way I would have been able to get it from one of these other places. Just checked back to see all the chaos. Now hopefully get so meet me new baby soon.

Cool beans - and congratulations in advance!  I don't recall the specifics, but I seem to think I stumbled onto some great/rare deal when my wife was in labor with one of my three.  14 hours of contractions didn't exactly leave much opportunity for anything besides random web browsing and conversation to pass the time.  Of course, once it gets exciting at the end, time goes all too quickly. 

[RabbiHick]

So glad I got the best buy one when it first came up last night. Wife has been in labor all day and there is now way I would have been able to get it from one of these other places. Just checked back to see all the chaos. Now hopefully get so meet me new baby soon.

We all meet our new baby September 29

[RySenkari]

According to Wario64, an Amazon rep told him that the GameTrust orders were legit, so I'm still confident in those. I do wish Amazon itself would come out and make an official statement though.

 

I know one thing, I'm gonna raise holy hell if it gets canceled. I doubt it'll do much but maybe I'll get a nice credit out of it.

[htz]

According to Wario64, an Amazon rep told him that the GameTrust orders were legit, so I'm still confident in those. I do wish Amazon itself would come out and make an official statement though.
 
I know one thing, I'm gonna raise holy hell if it gets canceled. I doubt it'll do much but maybe I'll get a nice credit out of it.

Amazon has sold joycons under the gametrust name before. The Snes Classic from Amazon last night was listed in the console category, too. It wasn't listed in books or some other random category.

https://www.amazon.c...DKIKX0DER&psc=1

https://www.amazon.c.../dp/B01MT8USZN/

 

Spoiler

 

Edit: The red gametrust joycon is being ship and sold by amazon.com currently. (10:00pm et)

Edited by htz, 23 August 2017 - 02:02 AM.

[ironmenpb]

i was able to get all 50 i ordered OMG> (dumbasses who want to show off)     i was able to get one from gamestop (instore) and best buy this early morning.   the best buy one scares me cause its an instore pick up and the best buy here is shady as hell.

[boneless]

According to Wario64, an Amazon rep told him that the GameTrust orders were legit, so I'm still confident in those. I do wish Amazon itself would come out and make an official statement though.

 

I know one thing, I'm gonna raise holy hell if it gets canceled. I doubt it'll do much but maybe I'll get a nice credit out of it.

 

Amazon has sold joycons under the gametrust name before. The Snes Classic from Amazon last night was listed in the console category, too. It wasn't listed in books or some other random category.

https://www.amazon.c...DKIKX0DER&psc=1

https://www.amazon.c.../dp/B01MT8USZN/

 

Spoiler

gametrust.jpeg

 

What if the gametrust was the real order page and the other one was a dupe?

 

 

 

I wish I knew how to insert GIFS....

[SrDiesel49]

Not a chance.

 

In this type of situation, the resellers are essentially acting as a middleman (and gaining profit by this designation).  They do not increase the total supply of the product, but rather factor into its channels of distribution among consumers. 

 

If you proposition were to be true, then the perceived value of the product would not offset the implied markup that turns into a reseller's profit.  In other words, nobody would be willing to pay above MSRP and resellers would be left with the choice of keeping their investment or returning it to a standard retail channel (where it would be sold at MSRP). 

 

Pure and simple, if the after-market value of a product greatly exceeds the MSRP, then people (in a general sense of the population) are prioritizing the reseller's cut in profit below their own desire to own/purchase the product.  In other words, the demand is so greatly exceeding the supply that the difference is being manifest in profits for the reseller. 

 

In a hypothetical world without resellers, if the demand were to directly equal the supply (as you propose), then a bolus of sales would occur initially, with a slower trickle effect over the next several weeks/months, reducing the supply to zero (with 100% sated consumer desire).  EVEN with the obvious reseller markup (contributing to the perceived value), the product is selling like hotcakes. 

 

I've been a video game collector for a long time and have been generally pretty successful in obtaining the items that I desire to purchase.  Today's SNES Classic debacle stands out among the worst experiences I have encountered.  I managed to secure an order through Walmart's website during the ~15-30 second window it was live.  I have NEVER seen that kind of demand.  

 

From an academic perspective, I'm very interested to see how this all pans out over the coming months.  If today is any indication, I expect it will be memorable (or significant, if you prefer).

Could't agree more. Resellers are just a link in the chain with a product like this. I wouldnt even dare venture a guess how many SNES classic nintendo manufactures but based on the fact that last years can still fetch double MSRP on ebay; and the auctions that ebay hasnt pulled yet since its still before their policy to list have hit $225 with ease on the SNES Mini and this is 5-6 weeks before it even releases. I would imagine like last year we will see an avg price of 250-300 in the reseller market come Late oct/nov when parents start xmas shopping. Just happy I didnt miss out like I did last year I still refuse to pay 150+ for a Mini NES. It is what it is though I know if I ever want one thats the secondary market price since the secondary market is the only avenue to still buy one of them. Same will be true of this console and the Mini 64 rumored for next season will probably follow suit. 

[SonictheHedgehog1337]

What if the gametrust was the real order page and the other one was a dupe?

 

 

 

 

I wish I knew how to insert GIFS....

[gnugget5]

Could't agree more. Resellers are just a link in the chain with a product like this. I wouldnt even dare venture a guess how many SNES classic nintendo manufactures but based on the fact that last years can still fetch double MSRP on ebay; and the auctions that ebay hasnt pulled yet since its still before their policy to list have hit $225 with ease on the SNES Mini and this is 5-6 weeks before it even releases. I would imagine like last year we will see an avg price of 250-300 in the reseller market come Late oct/nov when parents start xmas shopping. Just happy I didnt miss out like I did last year I still refuse to pay 150+ for a Mini NES. It is what it is though I know if I ever want one thats the secondary market price since the secondary market is the only avenue to still buy one of them. Same will be true of this console and the Mini 64 rumored for next season will probably follow suit. 

Oh, 250-300 is likely on the low side for this product.  The NES Classic was fetching $250 at it's peak, and as an inferior product (in virtually every way).  I think prices jumped to near $300 when the discontinuation was announced/evident, and that was after the holiday panic. 

 

It won't be consistent, but if availability continues the current trend, this can (and will most likely) go north of $400 in the coming months.  It is, afterall, a fully functional system with 2 controllers and 21 games (most of which are pretty darn good and critically-acclaimed).  Toss in an unreleased Star Fox 2 and you've got collector's in the mix. 

 

Heck, the Breath of the Wild Master Edition retailed for $100 (?), had similar scarcity, and was going for $450+ at peak.  And that largely attracted collectors, since the key differences between the lower editions was a statue.  With the SNES Classic, there is no substitute - you either have one, or you don't.

 

Personally, I wasn't too thrilled when the NES Classic was announced.  My wife even asked if it would be something I'd like for Christmas; good thing I said no, since I'm not sure she would have found one.  The SNES Classic on the other hand was much more desireable from the start.  Heck, my kids even have my old SNES currently hooked up and LOVE playing it (despite one of the controllers starting to go on the fritz and a much smaller selection of games). 

[Stridix]

i was able to get all 50 i ordered OMG> (dumbasses who want to show off)     i was able to get one from gamestop (instore) and best buy this early morning.   the best buy one scares me cause its an instore pick up and the best buy here is shady as hell.

ya mean like this person on reddit?

[soonersfan60]

What would be a better is policy for all retailers is if preorders are gone, you can still queue up to be next in line when they go back up. But nooooo

 

That wouldn't work because the scalpers would still end up with all of the units using their bots...

[ironmenpb]

ya mean like this person on reddit?

 

i hate people like that.  no lie.  if i was shady like that, why flaunt it.  shows you how exciting their life is if they have to show off how many consoles they purchased.

[asspickle]

ya mean like this person on reddit?

this dude just left his order numbers all public and shit  lol

[Linus_]

Can't wait for the next batch of pre-orders to go live at around 3:24 AM or some other random time in the AM. Can't believe Bestbuy would even allow that. Someone should forward that image to Bestbuy's Twitter, very easy for them to cancel his orders since he left the order numbers visible. LOL

[Cagg]

I got the google cache version...it looks super shady.  most of the advert text is different than BB, Walmart, etc.  It's sold by "Nintendo Digital Downloads/Game Trust" but fulfilled by Amazon - I can sell stuff and have it fulfilled by them too.  And now it's down?  IDK, I think yall got screwed.

Order details say, "Sold by: Amazon.com LLC".

 

Maybe Amazon removed the listing because they didn't want it bombarded with one-star "reviews" from crybabies who think Amazon and Nintendo and the world is obligated to send them their toy.

[SonictheHedgehog1337]

ya mean like this person on reddit?

That dude is hopefully doing some ferrari racer photoshopping. I personally know a CAG who was banned from bestbuy.com for ordering too many Zelda 3ds XL's a long while back. He's tried a million different ways to get online orders through - different mac address, different ip address, different shipping address, different billing address, different credit cards, different gift cards, different names, etc. He hasn't had any luck. I think if you did 3 or less on BB.com I wouldn't worry. For anyone who ordered more than a few, I would worry a little. 

[DisGonnaBeGood]

Freaking CAG's who keep bumping the SNES alert thread for no reason other than to whine/chime in with some stupid comment...

 

[SonictheHedgehog1337]

Freaking CAG's who keep bumping the alert thread for no reason other than to whine/chime in with some stupid comment...

 

It's frustrating. They can't all be accidents. It feels like trolling. Although it was funny when I asked my mom to read the email alert for me full of expletives a couple hours ago while I was on the highway driving her home from the airport. 

[defpally]

Not a chance.

 

In this type of situation, the resellers are essentially acting as a middleman (and gaining profit by this designation).  They do not increase the total supply of the product, but rather factor into its channels of distribution among consumers. 

 

If you proposition were to be true, then the perceived value of the product would not offset the implied markup that turns into a reseller's profit.  In other words, nobody would be willing to pay above MSRP and resellers would be left with the choice of keeping their investment or returning it to a standard retail channel (where it would be sold at MSRP). 

 

Pure and simple, if the after-market value of a product greatly exceeds the MSRP, then people (in a general sense of the population) are prioritizing the reseller's cut in profit below their own desire to own/purchase the product.  In other words, the demand is so greatly exceeding the supply that the difference is being manifest in profits for the reseller. 

 

In a hypothetical world without resellers, if the demand were to directly equal the supply (as you propose), then a bolus of sales would occur initially, with a slower trickle effect over the next several weeks/months, reducing the supply to zero (with 100% sated consumer desire).  EVEN with the obvious reseller markup (contributing to the perceived value), the product is selling like hotcakes. 

 

I've been a video game collector for a long time and have been generally pretty successful in obtaining the items that I desire to purchase.  Today's SNES Classic debacle stands out among the worst experiences I have encountered.  I managed to secure an order through Walmart's website during the ~15-30 second window it was live.  I have NEVER seen that kind of demand.  

 

From an academic perspective, I'm very interested to see how this all pans out over the coming months.  If today is any indication, I expect it will be memorable (or significant, if you prefer).

One thing you do not factor in  - the increased demand due to rarity.  How many people decided they have to get it because they cannot sit around and think about it and talk themselves out of needing it.  How many people go "wow this is the hot product so I NEED it"?  You don't get a chance to mull it over with it in your cart.

 

It's like with Amiibos, when they were selling like hotcakes, people didn't even think twice about jumping on one, even if it wasn't something they necessarily wanted.  But once some got common, the demand went WAY down.  It wasn't just more being made, like for Marth.  People just saw that many on the shelf and decided they didn't need him.

[maykol]

I only managed to grab a "Red Controller" bundle at Gamestop that comes with the hardcover book and the Star Fox lithograph. It is a rip off if you ask me. But if someone wants to trade a NES Classic at retail value and pay the difference, I will be more than glad to hand it over. It came about 163 total.  My wife is not happy with the purchase.

 

I can provide receipt, etc. NES Classic has a 65 MSRP so I am thinking that +80 bucks to cover for the rest.

[SrDiesel49]

Can't wait for the next batch of pre-orders to go live at around 3:24 AM or some other random time in the AM. Can't believe Bestbuy would even allow that. Someone should forward that image to Bestbuy's Twitter, very easy for them to cancel his orders since he left the order numbers visible. LOL

Quite a few actually have no response from Best Buy though

[JhnDgh]

I will be willing to trade my SNES Classic straight across for a NES Classic upon release. Not in any rush however.

[scottman]

These preorders couldn't have gone better for Nintendo (and resellers) if they paid these retailers.  Oh wait, they do. Everything was perfectly orchestrated, everyone thinks it's super rare, and we still have no clue how many were available today.  Gamestop is making sure we know it SOLD OUT, and shut down their website to avoid bots and crashes.  But with 30 second windows at huge chains like walmart, I really doubt they sold their entire alotment.  Their website didn't even hiccup like past nes classic and switch stock events where too many people were trying to check out.

 

For amazon, it couldn't have gone better either.  They had it up for a long time, albeit when many were asleep, server never even coughed, they may have even thwarted bot users with that stealth listing.  Rather than deal with x customers with 1 unit each, they have many fewer customers with multiple orders, less possible complaints later on.  Their bottom line, they pre-sold a lot with minimal server issues and complaints.

 

I think there will be more of these than NES classics, but NIntendo will do what they do best and create "rareness" demand for as long as they can.  Then cruelly remove it to make sure it stays that way, but they announced it this time in advance.  

 

And you can't say resellers are just diverting supply and aren't increasing the demand/price/rarity.  The hoarding and effect on supply/perception is exactly the cycle that raises prices.  How can it not?  Even now, I can assure you many people who didn't even want an NES classic have one or a few tucked away just due to the rareness and reselling value and not just the people who would actually buy one if they thought supply was unlimited.

[gnugget5]

One thing you do not factor in  - the increased demand due to rarity.  How many people decided they have to get it because they cannot sit around and think about it and talk themselves out of needing it.  How many people go "wow this is the hot product so I NEED it"?  You don't get a chance to mull it over with it in your cart.

 

It's like with Amiibos, when they were selling like hotcakes, people didn't even think twice about jumping on one, even if it wasn't something they necessarily wanted.  But once some got common, the demand went WAY down.  It wasn't just more being made, like for Marth.  People just saw that many on the shelf and decided they didn't need him.

Yes...and no.  Artificial scarcity is certainly a possible sales tactic (that Nintendo has a history of using).  I have no doubt that some percent of purchases were made impulsively.  However, most of the audience that was affected today are the gamers and those in-tune to gaming trends and news.  It's the average consumer that is more likely to jump on the hype train when/if they are made aware of it. 

 

The comparison to Amiibos is slightly different.  Amiibos enhanced the games and were a toy on their own.  This is a standalone product that's already a pretty good value.  Yes, a raspberry pi + ROMs is probably cheaper (cough, illegal), but this provides a high-quality emulation for a good library of games. 

 

At $80, this thing would fly off the shelves on its own, without any scalping or artificial scarcity....just on the value of what's being offered. 

[El Rey]

After frustratingly trying to get an online preorder everywhere imaginable this morning I ended up driving down to the GS closest to my office and lucked out and got the last in store preorder available. This store was only allotted seven units for preorder. Knowing Nintendo and what a cluster this is and has been so far I am not 100% confident that this will be hassle free so I still plan on trying to get preorders other places if they go back up, just in case.

[scottman]

Now I'm thinking (or hoping) amazon pulling the page is not an admission of error, but just an attempt to thwart bots who may camp out the listing for future stock. Disposable, untraceable, untrackable product listings. 

[gnugget5]

These preorders couldn't have gone better for Nintendo (and resellers) if they paid these retailers.  Oh wait, they do. Everything was perfectly orchestrated, everyone thinks it's super rare, and we still have no clue how many were available today.  Gamestop is making sure we know it SOLD OUT, and shut down their website to avoid bots and crashes.  But with 30 second windows at huge chains like walmart, I really doubt they sold their entire alotment.  Their website didn't even hiccup like past nes classic and switch stock events where too many people were trying to check out.

 

For amazon, it couldn't have gone better either.  They had it up for a long time, albeit when many were asleep, server never even coughed, they may have even thwarted bot users with that stealth listing.  Rather than deal with x customers with 1 unit each, they have many fewer customers with multiple orders, less possible complaints later on.  Their bottom line, they pre-sold a lot with minimal server issues and complaints.

 

I think there will be more of these than NES classics, but NIntendo will do what they do best and create "rareness" demand for as long as they can.  Then cruelly remove it to make sure it stays that way, but they announced it this time in advance.  

 

And you can't say resellers are just diverting supply and aren't increasing the demand/price/rarity.  The hoarding and effect on supply/perception is exactly the cycle that raises prices.  How can it not?  Even now, I can assure you many people who didn't even want an NES classic have one or a few tucked away just due to the rareness and reselling value and not just the people who would actually buy one if they thought supply was unlimited.

All of your points are valid. 

 

The hoarding effect (as you describe it) really only serves to expand the possible number of potential customers.  Whether a buyer chooses to open and play the system or save it sealed in a box makes no difference to Nintendo - a sale is a sale.  It is their $80 to do with as they please and really no different than an entertainment (immediate gratification) vs. investment argument.  Our entire economy is based on this balance and does not provide restraints on how this balance is to be achieved; it's up to each of us to determine that on our own.  To top it off, any hoarding (investment) carries a risk that the value will not appreciate over time.  I think it's a safe bet that this product WILL maintain value above MSRP. 

 

Supply still has not reached the demand (real or perceived), so prices are going to increase. 

[ironmenpb]

i might around 12 people call me about preordering thru the store (target) yet have called it NES S. Just makes me think they don't really care for the product to play with, just to try to sell it. i have ALOT of resellers come around my store.  

[SonictheHedgehog1337]

i might around 12 people call me about preordering thru the store (target) yet have called it NES S. Just makes me think they don't really care for the product to play with, just to try to sell it. i have ALOT of resellers come around my store.  

It sounds like the resellers have their wires crossed with the Xbox One S maybe? You're right that doesn't sound like someone fanatical enough to call a store about it a week before launch. 

[ShadowAssassin]

I was able to place a pre-order last night and Best Buy and Amazon, I hope everyone who couldn't get one gets one. They promised they will produce more, so I think you guys who didn't will end up getting one.

 

But what a big middle finger to all of the consumers by Gamestop. They tweet out "Hey guys don't worry, we'll be listing them on the site soon, hang in there!" Then the site goes live, crashes in .8 seconds, stays down for another 3 hours, then comes back with a big bold "WE'RE SOLD OUT GUYS!" banner.

 

What an F U to people who wanted to buy consoles from them.