I've heard some crazy stories in the past year about the prices some people are paying for used equipment. I've also seen plenty of ridiculous asking prices too. My hope is that the rest of the market will hold strong and refuse to pay these premiums for long enough that the market will correct itself. There's no doubt the used equipment market has completely changed in the last few years. The number of "equipment collectors" seems to be growing every week. The number of resellers seems to grow every week too.
Equipment prices are insane, forget buying new, even the used market, 15 years ago you could find almost anything for under $1,000. Hell, some gyms would give it to you just to haul it away.
Take the cannoli's leave the Panatta. I wonder if its dirt cheap in Italy like Waygu in Japan. Something is definitely off with them. Talk about pricing yourself out of the maktet. So limited with their dealers too. Side note new Atlantis seated calf $3980 not shipped ha.
Gen Z are attending gyms at +30% to 40% more than previous generations. So because the demand is higher, you'd think, elastic demand means more expensive everything gym related. The issue is where a standard profitable gym used to have 6,500 members, they now need to cap membership at ~ 3,900 to 4,500 members while simultaneously raising gym membership dues just to keep business as usual. I don't see how Panatta pricing makes sense in any logical reality. * main reference is the new McKinsey report
Panatta makes better equipment They just do. Problem is they got greedy, and marketed intelligently using some very popular and influential Olympians and trainers to further gloriy there products. That plus inflation and ridiculous overseas shipping and limiting US dealers and bam.....10k machines. Atlantis prices aren't any better. Since the huge majority of all commercial gym equipment is now made in China for much cheaper these companies have absolutely no excuses. It's not going to cost twice the price of the product to put in adjustable handles, prestretch, and a preload foot pedal, which as a teenager I used to think should be on pretty much every machine to begin with.
The market is terrible on gym equipment right now. The companies who re-sell ruined it. Collectors of course followed suit because why wouldn’t they? I personally don’t care about the collectors value anymore, I’ll buy off Alibaba if I want a piece that bad.
Its mostly hype. I bought some equipment in 2018 from a relatively small brand then, now 6 years later they are much bigger, more hyped and this causing higher prices. I got a latpull piece 3 years ago during covid, install costs were around 500, 1 year ago install costs 2000 for a similar piece. So I guess as business is booming, small orders arent that interesting?
New pieces are overblown. No doubt at all.
I've heard some crazy stories in the past year about the prices some people are paying for used equipment. I've also seen plenty of ridiculous asking prices too. My hope is that the rest of the market will hold strong and refuse to pay these premiums for long enough that the market will correct itself. There's no doubt the used equipment market has completely changed in the last few years. The number of "equipment collectors" seems to be growing every week. The number of resellers seems to grow every week too.
the reseller businesses seem to have changed things for sure...
I bought a Nautilus Four-Way Neck machine on the used market a few years ago for $15. New equipment costs a fortune these days.
yea it boggles my mind what some are willing to pay for things.
The newer sorinex back attack looks so damn good as you can adjust the resistance curve now.
saw that...loading is on both sides. For some reason though they made the torso pad flat instead of a roller pad which doesn't make any sense.
That Fortis bridge bench looks nice but holy shit $800 is wild lol.
yea price has more than doubled from when I got it :(
I just got a quote yesterday for an Atlantis Horizontal Leg Press C403 for $9465 before shipping!
that is crazy...sold mine a few months back for WAY less.
Equipment prices are insane, forget buying new, even the used market, 15 years ago you could find almost anything for under $1,000. Hell, some gyms would give it to you just to haul it away.
Take the cannoli's leave the Panatta. I wonder if its dirt cheap in Italy like Waygu in Japan. Something is definitely off with them. Talk about pricing yourself out of the maktet. So limited with their dealers too. Side note new Atlantis seated calf $3980 not shipped ha.
Gen Z are attending gyms at +30% to 40% more than previous generations. So because the demand is higher, you'd think, elastic demand means more expensive everything gym related. The issue is where a standard profitable gym used to have 6,500 members, they now need to cap membership at ~ 3,900 to 4,500 members while simultaneously raising gym membership dues just to keep business as usual. I don't see how Panatta pricing makes sense in any logical reality.
* main reference is the new McKinsey report
good points! I don't know how panatta does it honestly? Maybe all the pro sponsors they have really are convincing 😁😁
Panatta makes better equipment
They just do. Problem is they got greedy, and marketed intelligently using some very popular and influential Olympians and trainers to further gloriy there products. That plus inflation and ridiculous overseas shipping and limiting US dealers and bam.....10k machines. Atlantis prices aren't any better. Since the huge majority of all commercial gym equipment is now made in China for much cheaper these companies have absolutely no excuses. It's not going to cost twice the price of the product to put in adjustable handles, prestretch, and a preload foot pedal, which as a teenager I used to think should be on pretty much every machine to begin with.
The market is terrible on gym equipment right now. The companies who re-sell ruined it. Collectors of course followed suit because why wouldn’t they? I personally don’t care about the collectors value anymore, I’ll buy off Alibaba if I want a piece that bad.
I feel the same way honestly. Resellers have definitely changed the game. I am always surprised what some are willing to pay for certain pieces.
Its mostly hype. I bought some equipment in 2018 from a relatively small brand then, now 6 years later they are much bigger, more hyped and this causing higher prices. I got a latpull piece 3 years ago during covid, install costs were around 500, 1 year ago install costs 2000 for a similar piece. So I guess as business is booming, small orders arent that interesting?
Inflation in the EU is heading into the ionosphere. US not too far behind.