# Episode 946 Teaser: "You've Lost That LE Feeling"

**Source:** Kaneda's Pinball Podcast (Patreon feed)  
**Type:** podcast_episode  
**Published:** 2024-05-04  
**Duration:** 3m 17s  
**Beat:** Pinball

**URL:** https://www.patreon.com/kanedapinball/posts/episode-946-lost-103612827

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## Analysis

Kaneda discusses the decline of Limited Edition (LE) excitement in the pinball market, attributing it to inflated pricing and oversupply. He contrasts the 'halcyon days' when LEs were scarce (500–650 units) and commanded $6,000–$8,500 with current market reality: Stern releasing 1,000-unit LEs at $13,000 and Jersey Jack offering 1,000-unit CEs at $15,000. The proliferation of high-priced LEs has eroded the aspirational appeal and exclusivity that once made dealer lists feel like a privilege.

### Key Claims

- [HIGH] In the 'halcyon days' of pinball, LE volumes were around 500–650 units and prices ranged from $6,000–$8,500 (e.g., Tron at $6,000–$7,500, Ghostbusters (LE) at $8,500) — _Kaneda directly recalls and specifies pricing/volume from historical LE releases_
- [HIGH] At least four recent Stern titles have released 1,000-unit LEs at $13,000 — _Kaneda states this as observed market data ('collective data')_
- [HIGH] Jersey Jack Pinball released 1,000 Toy Story 4s at $15,000, 1,000 Godfathers at $15,000, and 1,000 Elton John at $15,000 — _Kaneda explicitly lists these JJP releases and pricing_
- [HIGH] Consumer enthusiasm for dealer/distro LE lists has significantly declined; most collectors are no longer excited about or pursuing LE machines — _Kaneda opens episode asking 'why aren't most of us even excited, nor do we even care whether or not we're on the list anymore for an LE machine?'_
- [HIGH] The exclusivity and prestige of being on a dealer list for an LE has been eroded by oversupply and price inflation — _Kaneda contrasts past perception ('you were special', 'privilege') with current indifference_

### Notable Quotes

> "Remember when that felt like something? Like you were special? Like it was a privilege? Like you had a good friend over there that was looking out for you because you knew why it was something special."
> — **Kaneda**, ~2:20
> _Captures the nostalgia for LE exclusivity and dealer relationships in earlier market era_

> "And now here we are. And it is 2024. And a new Stern machine is around the corner. And why aren't most of us even excited, nor do we even care whether or not we're on the list anymore for an LE machine?"
> — **Kaneda**, ~4:00
> _Core thesis: LE enthusiasm has collapsed in current market despite (or because of) new releases_

> "Now that we have at least four titles have come out from Stern Pinball where the volume of LEs has been 1,000 units and the price of those LEs have been $13,000."
> — **Kaneda**, ~5:30
> _Quantifies the structural change driving sentiment shift: volume up, price up, prestige down_

> "You knew if you were able to get one you were going to get your hands on a pinball machine that way more than 500 people wanted. Now not a thousand people I would say like maybe 650 people were really clamoring in the world to buy that LE."
> — **Kaneda**, ~2:50
> _Suggests global demand for LEs was limited and concentrated; supply/demand balance has fundamentally shifted_

### Entities

| Name | Type | Context |
|------|------|---------|
| Kaneda | person | Host of Kaneda's Pinball Podcast; commentator on pinball market dynamics and collector sentiment |
| Stern Pinball | company | Major pinball manufacturer; subject of discussion regarding LE pricing and volume strategy |
| Jersey Jack Pinball | company | Premium pinball manufacturer; referenced for recent 1,000-unit CE releases at $15,000 |
| John Wick | game | New Stern machine imminent at episode recording; cited as example of forthcoming LE with diminished collector excitement |
| Tron | game | Historical reference point; LE priced at $6,000–$7,500 in earlier market era |
| Ghostbusters | game | Historical reference; LE priced at $8,500 in the 'halcyon days' of LE markets |
| Toy Story 4 | game | Jersey Jack Pinball release; 1,000 units at $15,000 (CE) |
| Godfather | game | Jersey Jack Pinball release; 1,000 units at $15,000 (CE) |
| Elton John | game | Jersey Jack Pinball release; 1,000 units at $15,000 (CE) |

### Signals

- **[market_signal]** Limited Edition volumes have increased from ~500–650 units to 1,000 units; prices simultaneously rose from $6,000–$8,500 to $13,000–$15,000. This combination has eroded LE exclusivity and collector appeal. (confidence: high) — Kaneda provides explicit historical pricing (Tron $6k–$7.5k, Ghostbusters LE $8.5k) vs. current (Stern 1,000-unit LEs at $13k, JJP CEs at $15k)
- **[sentiment_shift]** Collector and retail enthusiasm for LE acquisition has noticeably declined. Being on a dealer list, once perceived as a privilege and sign of connection, is now treated as mundane or undesirable. (confidence: high) — Kaneda's opening question: 'why aren't most of us even excited, nor do we even care whether or not we're on the list anymore for an LE machine?' and contrasts with nostalgic recollection of past prestige
- **[collector_signal]** FOMO-driven LE acquisition strategy has become ineffective. The psychological drivers of scarcity and exclusivity have been undermined by consistent high-volume, high-price LE releases across multiple manufacturers. (confidence: high) — Kaneda's framing: past LE felt special and privileged; now, with 1,000+ units at $13k–$15k from multiple manufacturers, that prestige is gone
- **[product_strategy]** Manufacturers (Stern, JJP) have increased both LE volume and price simultaneously, creating a market saturation that contradicts the traditional LE business model (scarcity + prestige = demand). (confidence: high) — At least four Stern titles with 1,000-unit LEs at $13k; JJP with three titles at 1,000 units and $15k
- **[market_signal]** The $13,000–$15,000 price point for LEs appears to be hitting consumer resistance. High volume + high price = reduced perceived value and appeal. (confidence: medium) — Kaneda's observation that collectors are no longer excited about LE acquisition despite new releases imminent, implying price/volume combination is unattractive
- **[retail_signal]** Dealer and distributor outreach for LE pre-orders (visible on social media) is not generating the excitement it once did. Dealer relationships, once a source of prestige for collectors, have commoditized. (confidence: high) — Kaneda notes 'all these distributors and dealers all over social media... hitting us up with who wants to get on the list for a John Wick?' and asks why there's no excitement anymore

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## Transcript

You're trying hard not to show it, but baby, baby, I know it. You've lost that love and feeling, oh, that love and feeling. You've lost that love and feeling, now it's gone, gone, gone. Ooh, ooh, ooh. La Sera, La Sera, La Sera, La Sera, La Sera. Ah, I just had to let that song play out a little bit longer. It's such a beautiful song. And so the theme of this episode, a little bonus second show in a row in two days as I'm on Baby Watch, is you've lost that Ellie feeling. And I'd say this because as we're on the eve of a new Stern machine, And we see all these distributors and dealers all over social media, right? Hitting us up with who wants to get on the list for a John Wick? And it got me thinking about something. Remember the good old days, the halcyon days of pinball buying when being on a dealer or distro list to get an LE? Remember when that felt like something? Like you were special? Like it was a privilege? Like you had a good friend over there that was looking out for you because you knew why it was something special. You knew if you were able to get one you were going to get your hands on a pinball machine that way more than 500 people wanted Now not a thousand people I would say like maybe 650 people were really clamoring in the world to buy that LE And remember what the price of that LE was? It started out at like $6,000 for a Tron. It went up to $6,500, $7,500. I think Ghostbusters LE was $8,500. And now here we are. And it is 2024. And a new Stern machine is around the corner. And why aren't most of us even excited, nor do we even care whether or not we're on the list anymore for an LE machine? Now some of you might argue, oh that's just scalpers feeling that, everybody else is fine, Kaneda, nobody worries anymore, nobody's looking at this hobby like you are Kaneda, and I don't think you're right, I don't think you're right. I think now that we have at least four titles have come out from Stern Pinball where the volume of LEs has been 1,000 units and the price of those LEs have been $13,000. Same thing over at Jersey Jack. We got 1,000 Toy Story 4s at $15,000, 1,000 Godfathers at $15,000 for the CEs, 1,000 Elton Johns at $15,000. And now that we've got all of this collective data, here's what the harsh reality is. Some people call me Maurice. Woo!

_(Acquisition: groq_whisper, Enrichment: v5)_

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*Exported from Journalist Tool on 2026-08-04 | Item ID: 3f525710-f4bb-4e2a-b3f5-68cad09cd2be*