Remember Juicero? The utterly-ridiculous Silicon Valley juicing machine that cost $600, and turned pouches of medical-looking gunk into foul-tasting vegetable juice? And do you remember when Bloomberg realized that this overpriced machine was no more effective than actually squeezing out the pouches by hand? Good times.
Anyway, towards the tail-end of 2017, the company imploded like the Death Star. Given Juicero was the only company producing the juice pouches, these highly expensive machines were rendered into expensive paperweights overnight.
oh wow it's finally here. in the goodwill with the busted keyboards and crusty printers pic.twitter.com/06Qia27yWb
— Massive Vinyl Dragon with Big Baps (@anfael_) March 5, 2018
A few days ago, someone spotted a Juicero languishing in a Goodwill store, on sale for the bargain price at $40. That’s a steep discount from the original asking price, but it’s still not worth it, as it can’t actually produce juice anymore. Instead of being a $600 paperweight, it’s a $40 paperweight.
But what if I’m wrong? It’s not entirely unthinkable that, a few years from now, I could be sat at home watching Pawn Stars or The Antique Roadshow, and someone brings a Juicero that ends up valued in the thousands of dollars.
Which brings me onto an interesting question. If I stumble upon a Juicero in a thrift store, should I buy it and store it in my attic in the hope it’ll eventually be worth a lot of money?
Ask the analyst
Mobile industry analyst Ben Wood is passionate about old tech. Mobile phones are his main love, and he boasts a collection of hundreds of retro handsets, some of whch have been highlighted on TV. He tracks their value like a hawk, so I figured he’d be an ideal person to talk to.
His biggest concern with buying a Juicero as an investment is that a juice maker is far too generic to actually appreciate in value in a meaningful way. However, he admitted that it’s not entirely out of the realms of possibility, noting that other failed products have become highly sought-after.
“Rarity and uniqueness can often drive value,” he explained. “Some early technology which sold very few units is now very valuable. Take Apple’s first computer – the Apple 1 – as an example. Only 200 were made and they sold for $666.66 in 1978. One sold in 2016 for $815,000.”
When Wood thinks something is going to soar in value, it’s often because it’s rare or unique. He cited the example of the Motorola Dynatac 8000x, which was the phone used by Gordon Gecko in Wall Street. He acquired one for £400 a few years ago. Recently, one sold on eBay for £2,650.
Could something that was mass-produced achieve the same success? Who knows, although Wood isn’t entirely against the idea, saying: “if you can get one for $40, maybe it is worth sticking in the loft.”
“Not as far-fetched as it may sound”
“It is definitely not as far fetched as it may sound,” he said. “If you look at the history of technology – many pieces are now rare items with a massive interest from collectors around the world. Today we see a collectible market for the old pocket toy Tamagotchi. Amiga consoles had huge success and is now collectible items worth a lot of money.”
There’s a big difference between the Amiga home computer and a Juicero. The Amiga was a beloved, iconic, and (for a while) commercially successful product. In comparison, the Juicero is tech’s equivalent of a Shakespearean tragedy.
However, that could ultimately be one of the driving factors behind it eventually being worth a fortune.
“I would not rule out that the Juicero machine has the potential to become a unique and rare collectors item,” Bjerg said. “If it does, it would be because of the tragic Silicon Valley history it represents. Also it would require that the majority of the machines is destroyed (which they most likely will be) The Juicero machine definitely had the amount of media coverage necessary to make it a collectible.”
There’s a caveat, however. The odds of an antique being worth a lot of money is (obviously) increased if it’s in a good condition. For Juicero, that means in the original box, and preferably with some juice packs, too.
“Another very important thing for this hack to work out – would be to keep it unused – maybe even in its original emballage with unused fruit bags,” Bjerg explained. “A lot of old beers, cans, champagne, and coke bottles has collectible value because it represents the original experience – even though it does not taste well.”
After Bloomberg published its story, Juicero offered customers a full refund, provided they return their units within a 30 day window. Given the high upfront cost of the item, I assume most Juicero users took them up on their offer. That inevitably means that Juicero devices in the wild are scarce.
It wasn’t a particularly successful gadget, either, which will contribute to its rarity.
So, if you see an ultra-cheap Juicero machine in the wild, and you’ve got a few bucks burning in your pocket that you don’t mind losing, get one! It might earn you a profit later on down the line.
Or, then again, maybe not. Who knows?
Pssst, hey you!
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