https://www.catawiki.com/en/s?q=typewriter

Typewriter Market: It may be better if you didn't get an Olympia SM3 typewriter today.

I'm not out to shame people for their purchases, just to caution uninitiated typewriter purchasers and budding collectors who aren't carefully watching the market.

Olympia SM3s are well-touted and excellent typewriters. They've recently been selling on ShopGoodwill in unknown condition for $120-150 based only on photos.

Earlier today, an Olympia SM3 sold for $334! So what gives? Why did this go for over twice as much as the average? To the uninitiated, the seasoned collector can look at this machine carefully and realize that even without seeing a type sample or a close up photo of the slugs that this machine is quietly hiding a script typeface of some kind. This means that two bidders would have paid an almost $200 premium for a script typeface, and one of them managed to snipe it for $1 with minutes left. Generally I see script machines going for $100-150 over similar machines without script.

Sadly, the high price on this machine earlier in the day may have suckered others into thinking these machines are significantly more valuable as it seems two other Olympia SM3s right after it both went for:<br /> * $202.03 https://shopgoodwill.com/item/222707079 * $202.03 https://shopgoodwill.com/item/222546519

And they were bid over 200 by the same two people while the "smarter" money stopped with bids at $137 on both.

Of course, neither of these later two machines have a script face, but at least two bidders were potentially reeled in by the much higher sales price of the script machine earlier in the day. This means that they've overpayed at least $50 above market for each, possibly thinking that they may have gotten a great deal. Sadly they didn't, they just overpayed the market average. The person who was sniped on both managed to save themselves $100+ today because I imagine they'll be able to get equivalent machines in the coming month for closer to under $150.

Incidentally another later Olympia portable (usually in the $75-120 range) earlier in the day went for a more reasonable $232 with a stated/photographed cursive typeface: https://shopgoodwill.com/item/222546740 This one was a stronger deal in the current market as they only paid about $110 above average for that machine to get the script typeface. The tough part is that because the description stated "cursive", they didn't have the benefit of possibly picking up a script machine with less competition.

While this is an interesting microcosm example of the current (overheated?) typewriter market (at least in the US), I hope all the buyers of these machines enjoy their purchases. If they're your first Olympias, and they need some work to get back to fighting shape, I've put together a guide: https://boffosocko.com/2024/07/14/aggregated-resources-and-playlist-for-a-crash-course-on-the-olympia-sm3-portable-typewriter/

syndication link

reply to u/Jbhusker at https://old.reddit.com/r/typewriters/comments/1hk15pf/the_frenzy_continues_where_does_it_end/ on an old and rough looking Underwood No. 3 from 1927

The shipping price is suspicious as even Shopgoodwill wouldn't ship it for that low. I do notice some online sellers playing games between machine pricing and shipping. They'll often price a machine lower than "market" and then make up for it with an astronomical shipping price. This example seems to have gone the other way, which may help some novice typewriter purchasers who wouldn't understand that this is a 30# machine.

What's going on in this example does present some interesting analysis of the current market.

Possibilities driving the price here: - Week before Christmas and someone is burning spare cash on a decorative/nostalgic present at the last minute. (I've noticed prices on everything going up in the last two months at a greater than usual clip. I suspect things will come crashing down a bit after the New Year.) - It was photographed well. - Included a video of it actually typing as proof that it "works". - It has the look of having been cleaned up despite the look of old patina which was left to make the machine show its age. Look at the exterior screws which appear cleaned/refinished while portions of the exterior don't. In fact, the underlying servicer (Adam of Brooksaw Antiques) seems to specialize in servicing machines to working order but leaving lots of age and patina on them almost as if they're being aged up on purpose. They've got lots of examples on a variety of socials as well as presences on Etsy and Ebay, which speaks to some level of experience. Given the appearance of experience here, I'd bet the machine shows up in the condition it was shipped. - "New ink" decreases the stress of the buyer on finding it themself (potentially a $30-50 value to the customer) and it only cost the seller $2, because I'm dead certain they bought it in bulk. - The eBay reviews of this shop are stunning over 931 items. The lowest is a 4.9 out of 5, which I'm guessing is someone dinging them on shipping price from an earlier sale where they had more realistic shipping numbers on large standards. - "Military Sand" may possibly have been misinterpreted as this being a mill. It is a great marketing name for the color in any case. - I would guess that the purchaser is buying this as a single showpiece for nostalgia's sake. They're getting the bonus that it works. (Like Kirk, I'm not a big fan of the refurb paint on these.) - Its the week before Christmas...

And this is where you see how the condition of a machine comes into play when pricing is being considered. A $700 machine has had several hours of cleaning and potential reconditioning, parts, repairs, oiling, and adjusting done. At $700 and given it's age, I'd also want to ask if they've replaced the platen. Compare this with a dirty, old machine that's going to need those same hours of work, attention, parts, and new rubber, to bring it up to par and it's definitely not going to fetch the same price.

And this is exactly what is wrong with 95% of the market: most buyers and sellers have no idea what they've got, much less the condition it's in or the work that it takes to bring these back to life for another 50-75 years. Thus they price their dirty, and rough machines at the same prices as the repair shops thinking they're going to make a mint. Apparently they're all hoping some sucker who doesn't know better will buy it.

Remember: Dante has a special circle of hell for those who buy typewriters for pennies on the dollar and flip them on eBay without doing any work on them.

They're looking at what others online are listed for (and not what they've actually sold for) to set their price. They probably have no idea what the typewriter market is like and what the value of their machine really is based on a variety of factors including make/model, condition, servicing, extras, typeface. Unless their machine has an exceptionally rare typeface (usually adds $80-150) or has a brand new rubber (usually adds 30-40 for new feet) or a new platen ($100-180), then in its current condition it's probably not worth more than $50.

Once you get it, you're going to want to have it cleaned, oiled, and adjusted which will run you several hours of labor and materials at a repair shop at $50-75 per hour. It may also need one or two replacement parts.

If talking to them about the price doesn't bring it down significantly then you should pass on it. If you're not up to cleaning, adjusting, oiling a machine yourself, your best bet is to purchase something from a repair shop that already is. You'll have a far better experience. https://site.xavier.edu/polt/typewriters/tw-repair.html

For comparison here's some similar machines professionally cleaned, serviced, with new ribbons and a 3 month warranty from $240-350 with some of the price depending on particular model and desirability of color. https://reeselectronics.com/search.php?search_query=smith+corona+silent&x=0&y=0

If you've got money to burn then maybe it's worth $180 to you, but if that's the case then get something in much nicer condition from a repair shop.

reply to u/EmergencyFirst7634 at https://old.reddit.com/r/typewriters/comments/1gcyayc/this_a_good_buy/

reply to u/NoDoctor4602 at https://old.reddit.com/r/typewriters/comments/1fjrjns/ive_spent_a_few_days_searching_for_any_concrete/

In the mid to late-1950's and after several typewriter manufacturers made limited runs of gold plated typewriters for special anniversaries or for bonuses to salespeople. They're uncommon, but not rare. I've seen at least 6 or seven pop up on auction sites in the last 6 months. If you really want one, watch the lower end of Facebook Marketplace, ShopGoodwill, Craigslist, et al. where one will assuredly pop up for a much more reasonable price. I'm not sure if it was this one or another I've seen since April, but one of these went up for sale on ShopGoodwill.com recently and sold for about $600. A week later it was listed on eBay for several thousand just like this one. Given the timeframe, I doubt they spent any time cleaning, oiling, or adjusting it in any fashion—it was a pure flip. I've also seen this recently with Royal typewriters with a less common, but highly collectible Vogue typeface: a Royal P sold for about $900 there and was listed on eBay shortly after for over $1,500 with no indication that it was cleaned or adjusted. (If you watch some of the sites carefully, you can pick up a Vogue machine for under $100 easily enough depending on the type and condition.)

In my mind, as a collector, I'd try to find one in the wild and clean it up or I'd want it in stunning restored condition for over $2k. You might be just as well off picking up a working model for $100-$150 and gold plating the pieces yourself. It would probably be cheaper in the long run and you'd have a better machine in better condition. Some sucker with money to burn will eventually buy a Gold Olympia SM3 for over $2,000.

Here's a vew posts/videos as examples of gold plated machines:<br /> - A video of another Gold Olympia: https://www.youtube.com/watch?v=JnUHgyABjw0<br /> - Royal QDL https://typespec.com/weve-got-gold-in-them-thar-hills/<br /> - https://www.huffpost.com/entry/kasbah-mod-typewriters_n_1453776

If you're looking for something great that you'll use, I recommend visiting a repair shop that has some stock to try out some machines to see if you'd like their touch/fee/aesthetics first. Visiting a type-in or two might give you some experience with a wide variety of typewriter models as well. Then try to find a rare or exceptional version that's worth putting some money into. Why put so much into an Olympia if it turns out you're an Olivetti, Royal, or Smith-Corona person? https://site.xavier.edu/polt/typewriters/tw-repair.html (I desperately love Royals, but Smith-Coronas and Remingtons are much more forgiving of my mediocre typing technique, a fact which pains me dearly and cost a few hundred dollars and some sweat equity in cleaning and tuning machines to discover). Incidentally, I'll mention that for about $2,000 you could easily purchase a wide variety of about two dozen machines (even with shipping) and be able to get something truly exceptional in terms of condition and function.

Incidentally, the higher prices of $250-600 for repaired/refurbished/restored machines being sold by repair shops are usually what Harry Beercan is using as a pricing guide when he's selling his grandmother's musty, broken, old typewriter online not knowing that several hundred dollars in labor and parts has been calculated into the selling price.

Typewriter Collection Curation (for Novices) by [[Just My Typewriter]]

Typically in this sub, when people ask, "Is it worth it?" the presumption is that they're buying it to use for themselves. You left out your context of buying it to sell until later. This means that once you've cleaned things up, and go to try to sell it for something above $40, people are going to show up here and ask that same question. When they do, the answer is going to be that it's far too expensive, especially with shipping which is notoriously tricky, expensive, and risky.

You'll be sitting there with a typewriter that you don't care enough about to have known anything about it or if it had any particular value. This also probably means that you don't know enough about what goes into cleaning and properly adjusting a typewriter either. If someone is a sucker enough to pay the crazy mark up, it means that someone who wants to try out a typewriter will be buying a sub-par machine and have a sub-par experience.

unposted reply to u/DistributionPure6051 at https://www.reddit.com/r/typewriters/comments/1dqr02l/is_this_worth_it/<br /> (Most of context is hiding because of downvoting)

reply to u/EquivalentHead3589 at https://www.reddit.com/r/typewriters/comments/1cbzx1n/how_do_you_price_typewriters/

The primary difference is that listing prices don't indicate actual value. That is only determined by actual sales price. Things are worse for the listings which don't indicate much about condition as you're probably more likely to need to have the machine serviced and/or replace or recondition parts. This can often add a few hundred dollars (or significant research and time, tools, and elbow grease) to the bottom line to be able to use a machine.

I do recall a burgundy Olympia SM3 which sold in the last 4 months for right at $300 which was regularly used (loved) and serviced and in excellent condition with some fantastic photos. If you compare it to this Burgundy/Gray machine (https://www.ebay.com/itm/404901285037) for $299, but which has a missing key cap, and a damaged case, and may likely have other hiding issues. If you consider that you'll likely need to put a minimum of another $100 into this to get it up to the fighting shape that the first was in and it's still got damage, you'll start seeing the stark difference. The people with listings at $550-800 know they're not selling and they're just sitting there, so why not email them and ask more specific questions about condition and get a typed typeface sample of all the keys. Then make an offer for $200 +/- with some wiggle room for service costs once you've gotten it to see if they'll sell?

As an example, look at https://www.ebay.com/itm/226016437104 which is a Gray SM3 originally listed for $549 and now on sale for $428. The seller knows it's not moving. They state that they got it at an estate sale (probably for around $25) and they definitely did no work other than quick check of the keys. If you demonstrate that you've savvy enough to know the specific machine (what shape are the rubber washers on the frame next to the feet to prevent the carriage from rubbing against the frame? how what is the durometer measurement on (how hard is) the platen?), the market (in top shape maybe $300), and what servicing/repair costs are, they'd probably accept an offer of $150-200 and you're off to the races and they've made a solid profit.

The biggest issue in the typewriter market at present is the broad lack of information and knowledge about them on both the buyer and seller side. If you can demonstrate you've got more knowledge than the other side, you'll be in a far better position to negotiate, otherwise a seller can sit and wait an undetermined amount of time waiting for a sucker who will likely never show up.