Is PXG going out of business?

[LUXOR54]

10 minutes ago, BirdieBob said:

 

Heel and toe areas are only tungsten screws....not the milled/colored area.

 

So I guess with the big screw now acting as the primary adjustment they've gotten rid of the different weights for the small screws

[BirdieBob]

8 minutes ago, LUXOR54 said:

So I guess with the big screw now acting as the primary adjustment they've gotten rid of the different weights for the small screws

 

Correct, PXG does not adjust the smaller tungsten screws they are set.  The center weight is adjusted for SW.

[Fairways_and_Greens]

On 8/31/2021 at 11:12 AM, RogerinNewZealand said:

The new Ping..great comment,read ex Ping staff,designers made the prototypes etc,and it can be clearly seen early product was, um, interesting.But latest product lines are genuinely good stuff.Putters,Wedges,very very interesting... so mass appeal of the brand will be a lot wider now.Also Wonderful to see Lydia Ko win ..future looks bright at PXG

I was in their Mesa store last week, buying a putter. Excellent service!
 

I checked out the Gen5 tours, and from address they looked fabulous, very square Ping like toe. Shaft selection is abysmal for stronger players. better price and shaft selection I probably would have bough on the spot. 

[Notashank]

1 minute ago, Fairways_and_Greens said:

I was in their Mesa store last week, buying a putter. Excellent service!
 

I checked out the Gen5 tours, and from address they looked fabulous, very square Ping like toe. Shaft selection is abysmal for stronger players. better price and shaft selection I probably would have bough on the spot. 

$324 they could look fabulous. I can’t believe people buy them at that price. And that’s with a stock shaft. 

[WWTWD]

I just bought a full set of 0311 XP Irons and one of thier driving irons as well. 

 

Ordered them with Stiff Steel shafts, and 1/2 in long. Got them in 6 days. 

 

Sounds pretty damn good to me. 

[Fairways_and_Greens]

5 hours ago, Notashank said:

$324 they could look fabulous. I can’t believe people buy them at that price. And that’s with a stock shaft. 

Stock shafts in women’s weights. It’s crazy to me. 

[Feelingofgreatness]

If they are going out of business it would seem silly to expand from 13 to 20 retail stores in 2022 😂 

[snagy2000]

How, better yet, why is this still a thread? They ain't going anywhere folks. No matter what misinformed hate you spew...

[cardia10]

With $30 to change to a normal off the rack grip, there is no way they are expected to have a long life expectancy. Add $60 shipping and their off the rack shaft offerings coming in less weight than a senior or lady's shaft, it is quickly easy to see that the additional nickels and dimes add up to basically double the cost of the irons for a comparable club to any other OEM. We must enjoy golf too much here to be much good at math.

[snagy2000]

7 minutes ago, cardia10 said:

With $30 to change to a normal off the rack grip, there is no way they are expected to have a long life expectancy. Add $60 shipping and their off the rack shaft offerings coming in less weight than a senior or lady's shaft, it is quickly easy to see that the additional nickels and dimes add up to basically double the cost of the irons for a comparable club to any other OEM. We must enjoy golf too much here to be much good at math.

Perfect example, thanks! Their standard swing weight is D0, falls into most OEMs standard range of D0 - D2. They push their fitting service for a reason. Buying off the rack is just dumb, no matter which OEM you go with. 

[SEP1006]

1 hour ago, snagy2000 said:

How, better yet, why is this still a thread? They ain't going anywhere folks. No matter what misinformed hate you spew...

 

These people that think they are going out of business now. Are probably the same ones that stated they would be out of business in less than 3 years when they started in 2014.

[cardia10]

46 minutes ago, snagy2000 said:

Perfect example, thanks! Their standard swing weight is D0, falls into most OEMs standard range of D0 - D2. They push their fitting service for a reason. Buying off the rack is just dumb, no matter which OEM you go with. 

Their off the rack offering for a Gen 4 4-PW set is showing up for me as $1,992 plus $60 shipping. If I get fit and decide I  need other OEM's off the rack offering for shafts and grips, my price increases to $2,554 plus $60 shipping. I just built a set of TM P790s 4-PW with the exact same set up. $1,299.99 and free shipping. Shafts and grips came stock. I can't decide if PXG is worth an extra $1,200 for the exact set for the GEN 4, but I can tell you I have a Gen 2 set that I own that that I can't give away and they have upgraded True Temper shafts and Golf Pride grips.  Been offered $300-$350 trade in for a $2,400 set of clubs. Based on PXG pricing, the Golf Pride grips are almost worth the trade in value alone. Maybe PXG should do a promotion "trade in for 1/4 of what you paid us for them." That rivals only Warrior golf for the worst loss on your "investment." 

Edited April 18, 2022 by cardia10

[snagy2000]

21 minutes ago, cardia10 said:

Their off the rack offering for a Gen 4 4-PW set is showing up for me as $1,992 plus $60 shipping. If I get fit and decide I  need other OEM's off the rack offering for shafts and grips, my price increases to $2,554 plus $60 shipping. I just built a set of TM P790s 4-PW with the exact same set up. $1,299.99 and free shipping. Shafts and grips came stock. I can't decide if PXG is worth an extra $1,200 for the exact set for the GEN 4, but I can tell you I have a Gen 2 set that I own that that I can't give away and they have upgraded True Temper shafts and Golf Pride grips.  Been offered $300-$350 trade in for a $2,400 set of clubs. Based on PXG pricing, the Golf Pride grips are almost worth the trade in value alone. Maybe PXG should do a promotion "trade in for 1/4 of what you paid us for them." That rivals only Warrior golf for the worst loss on your "investment." 

Again, golf clubs are not investments. They're a product sold to play a silly game. Whether or not someone chooses to buy a product at whatever asking price is a personal decision. Resale value is not any OEMs problem to worry about. Especially when you're trying to sell something 3 generations behind the current offering. Pretty sure those trying to sell the first P790s won't get much for them. 

 

Edited April 18, 2022 by snagy2000

[cardia10]

42 minutes ago, snagy2000 said:

Again, golf clubs are not investments. They're a product sold to play a silly game. Whether or not someone chooses to buy a product at whatever asking price is a personal decision. Resale value is not any OEMs problem to worry about. Especially when you're trying to sell something 3 generations behind the current offering. Pretty sure those trying to sell the first P790s won't get much for them. 

 

When you pay $2,500 for anything, it is an investment. Maybe less of an investment for some, but PXG loses value like a Chrysler driving off the lot. Not just a chrysler, a chrysler without a hemi or tires because those cost extra. They won't go away, but other than Parson's propping it up financially, the model isn't viable long term. Consumers are typically more intelligent than that, but golf consumers are not typical and still believe flashing lights and the loudest screamer.  To rehash a phrase used often 10 years ago here, this is a fanboy movement where people like the flashy bag and entire set of matching clubs.  I'd be willing to bet a first generation set of 790's still go for greater than then 15-20% of PXG's value. I've had both and sold the 790s within 3 hours. The PXG's have been for sale for a year for $400-500 with no luck. 790's sold for $600.

Edited April 18, 2022 by cardia10

[snagy2000]

19 minutes ago, cardia10 said:

When you pay $2,500 for anything, it is an investment. Maybe less of an investment for some, but PXG loses value like a Chrysler driving off the lot. Not just a chrysler, a chrysler without a hemi or tires because those cost extra. They won't go away, but other than Parson's propping it up financially, the model isn't viable long term. Consumers are typically more intelligent than that, but golf consumers are not typical and still believe flashing lights and the loudest screamer.  To rehash a phrase used often 10 years ago here, this is a fanboy movement where people like the flashy bag and entire set of matching clubs.  I'd be willing to bet a first generation set of 790's still go for greater than then 15-20% of PXG's value. I've had both and sold the 790s within 3 hours. The PXG's have been for sale for a year for $400-500 with no luck. 790's sold for $600.

It's a sunk cost and there is no guarantee you will get whatever number you think is just on your flip errrrr "investment." This pertains to clubs, autos, baseball cards, Jordans or whatever else is purchased. Only on WRX, do golf equipment hoes feel righteous about their flip asking price, yet they're the same ones nickel and diming sellers trying to get rid of their stuff. Nothing fair in those scenarios!!!

[Grim]

Let me just say, I have been away from the game for 5 years after stomach surgery. I sold my clubs to help pay the medical bills and just thought I would not be able to play again.

 

Well, here I am and needed new clubs. Thanks to the sale theyre having on the older models I went ahead and got a full bag after demoing at a used club store.

 

I cannot comment yet on the clubs, as I have not received them, but their customer service has been the best I have ever dealt with. I wanted to make an adjustment to what I ordered and had some questions and it was a smooth and flawless interaction with updated receipt as soon as I hung up the phone in my email.

 

The in-hand product obviously matters the most in the end, but great customer service also goes a long way in making me a return customer and right now, I am very happy I chose PXG after swearing them off when they first launched with those crazy prices. 

[cardia10]

42 minutes ago, snagy2000 said:

It's a sunk cost and there is no guarantee you will get whatever number you think is just on your flip errrrr "investment." This pertains to clubs, autos, baseball cards, Jordans or whatever else is purchased. Only on WRX, do golf equipment hoes feel righteous about their flip asking price, yet they're the same ones nickel and diming sellers trying to get rid of their stuff. Nothing fair in those scenarios!!!

Can't disagree at all here. My thought is I'd rather sink 1200 into something other than 2500. Like sinking a Jon boat versus a yacht.

[Argonne69]

1 hour ago, cardia10 said:

Can't disagree at all here. My thought is I'd rather sink 1200 into something other than 2500. Like sinking a Jon boat versus a yacht.

 

Lol. The irony of a member with a Scotty Cameron putter avatar complaining about the price of clubs.

 

I picked up a new set of PXG 0311 Gen 3s last year for $150 a club. Ping is charging $250 a club for the i59s. I guess Ping is going out of business, too.

 

[cardia10]

2 hours ago, Argonne69 said:

 

Lol. The irony of a member with a Scotty Cameron putter avatar complaining about the price of clubs.

 

I picked up a new set of PXG 0311 Gen 3s last year for $150 a club. Ping is charging $250 a club for the i59s. I guess Ping is going out of business, too.

 

I'm not quite complaining about the cost. FYI- I paid $2,000 for that putter in the avatar, check ebay pricing now. There is no PXG deflation there. You picked up a new to you set? The Gen 3's have been out for 2 years. The I59 is Ping's newest club. Let's compare apples to apples here. I59-$250, PXG Gen 5- $350 then you get to pay $60 for shipping, $30 for a grip and $50-75 for an off the rack shaft that everyone offers for free. That brings the PXG cost to $426 per club while the Ping is $250. We don't even have to go down the resell value road surely...Is PGX really worth double a Ping? I don't think so, but obviously quite a few people are buying into the neon signs and the yelling carnie. To me, they are just a step above Warrior Golf and the Hammer Driver and seem very infomercialish.

Edited April 18, 2022 by cardia10

[vpexp]

9 minutes ago, cardia10 said:

I'm not quite complaining about the cost. FYI- I paid $2,000 for that putter in the avatar, check ebay pricing now. There is no PXG deflation there. You picked up a new to you set? The Gen 3's have been out for 2 years. The I59 is Ping's newest club. Let's compare apples to apples here. I59-$250, PXG Gen 5- $350 then you get to pay $60 for shipping, $30 for a grip and $50-75 for an off the rack shaft that everyone offers for free. That brings the PXG cost to $426 per club while the Ping is $250. We don't even have to go down the resell value road surely...Is PGX really worth double a Ping? I don't think so, but obviously quite a few people are buying into the neon signs and the yelling carnie. To me, they are just a step above Warrior Golf and the Hammer Driver and seem very infomercialish.

Gen 3 to I59 would be more of an apples to apples comparison despite the release date of the clubs.  

Edited April 18, 2022 by vpexp

[cardia10]

34 minutes ago, vpexp said:

Gen 3 to I59 would be more of an apples to apples comparison despite the release date of the clubs.  

I have a hard time getting that. A 3 month old club pricing comparable to a 2 year old club? PXG has discounted them twice to milk the last remaining drops out of the Gen 3's. They are 2 generations old. Maybe the Ping I200 as comparable and I'd be willing to bet those sell for more than a used set of Gen3's as well. 

[vpexp]

16 minutes ago, cardia10 said:

I have a hard time getting that. A 3 month old club pricing comparable to a 2 year old club? PXG has discounted them twice to milk the last remaining drops out of the Gen 3's. They are 2 generations old. Maybe the Ping I200 as comparable and I'd be willing to bet those sell for more than a used set of Gen3's as well. 

I was comparing the quality/technology/design of both clubs.  I tried the I59 and they were not for me, I thought they had a harsher/clicky feel compared to the Gen 3 T’s.

I don’t buy golf clubs for resale or as an investment, I buy what works best for me and is the most enjoyable to use.  If money was the determining factor and I was looking for the best value I would probably look hard at one of the DTC companies like Sub70 or New Level.  Well under half the cost of Pings, etc.  with excellent performance, especially at their price point.

 

[mudmarlin]

The technology between the gen 5 and gen 3 is minimal.  For the price of the gen 3, it’s a great club for a great price.  Hard to argue that.  Problem is the shafts.  I keep getting told on this forum to call, they have other shafts, but my friend called and they had nothing really in stock, and most everything was an up charge.  Kept pushing the tour elevate.  $39 for dynamic gold?  That’s a problem, especially if for some reason you want to pay $330 a club for the gen 5.  Then I agree, bad business, bad deal.  But even if they gave me gold shafts I wouldn’t buy clubs that cost $330 each.  But no, not going out of business.

Edited April 18, 2022 by mudmarlin

[hammergolf]

9 hours ago, SEP1006 said:

 

These people that think they are going out of business now. Are probably the same ones that stated they would be out of business in less than 3 years when they started in 2014.

Yeah, I just don’t get the hate… First of all, Bob Parsons has more money than he could ever spend. If he never makes a dime on PXG it simply won’t matter. Him losing $500,000 annually is like someone throwing a fork off the QE2. Are his ads annoying? Yes they are, however one thing for sure is he’s passionate about golf and golf clubs. I think his pricing and cascading of offerings makes a lot of sense. Basically a golfer can find clubs at any budget they like. I was a Ping guy forever, played g25 irons for almost 8yrs until finally finding something that looked better, felt better, and performed better. For me those irons were PXG 0311 Gen3 XP. Then I liked them so much, I was looking to replace my Ping Tour S wedges. Bought a 0311 Forged 60* that was a great deal. It’s AWESOME! So 2 days later bought the 50* and 54*… I wonder how many of the people hating PXG clubs have even hit them?

[hammergolf]

5 hours ago, Argonne69 said:

 

Lol. The irony of a member with a Scotty Cameron putter avatar complaining about the price of clubs.

 

I picked up a new set of PXG 0311 Gen 3s last year for $150 a club. Ping is charging $250 a club for the i59s. I guess Ping is going out of business, too.

 

Mic drop….

[hammergolf]

2 hours ago, cardia10 said:

I have a hard time getting that. A 3 month old club pricing comparable to a 2 year old club? PXG has discounted them twice to milk the last remaining drops out of the Gen 3's. They are 2 generations old. Maybe the Ping I200 as comparable and I'd be willing to bet those sell for more than a used set of Gen3's as well. 

Maybe this a better comparison. Original P790 irons value vs PXG Gen2 irons. Both sets were released in late 2017 - early 2018. I used 2nd Swing for pricing…. A whopping $10 difference in selling price.

 

 

Edited April 18, 2022 by hammergolf

[cardia10]

1 hour ago, hammergolf said:

Maybe this a better comparison. Original P790 irons value vs PXG Gen2 irons. Both sets were released in late 2017 - early 2018. I used 2nd Swing for pricing…. A whopping $10 difference in selling price.

 

 

Those are asking prices, not selling prices. I have that set of PXG with True Temper 120s and new multi compounds and would take half that for them right now. Slight problem though, no one will give even $400 for them…I have sold 3 sets of 790s here on this forum…yeah…I gave them a few chances and had no issues selling. PXG’s never move. I’m resigned to waiting for the best trade in deal and dumping them. Rock Bottom us a 50% trade in bonus right now so they may end up there. 

Edited April 19, 2022 by cardia10

[cardia10]

1 hour ago, hammergolf said:

Mic drop….

Yep…if I had paid $2,000 and it was suddenly worth $250. I don’t think that is the case though. 

Edited April 19, 2022 by cardia10

[hammergolf]

2 minutes ago, cardia10 said:

Yep…if I had paid $2,000 and it was suddenly worth $250. I don’t think that is the case though. 

Those are “asking” prices, not selling prices…

[cardia10]

7 minutes ago, hammergolf said:

Those are “asking” prices, not selling prices…

Wrong, those are sold on eBay prices. Asking is 10k and above. Notice the green font. That means sold. That is something you will never see from PXG. An increase in value after purchase. Ask me, I learned the hard way…it is ok though, I’m sure carnie Bob would be happy to take those right back and sell me a new set with $10 elevate shafts and 1.99 PXG grips. 

Edited April 19, 2022 by cardia10