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:

$202.03
$202.03

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 overpaid at least $50 above market for each, possibly thinking that they may have gotten a great deal. Sadly they didn’t, they just overpaid 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. 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.