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Started By
Message
Good explanation of the retro gaming bubble
Posted on 8/24/21 at 11:20 am
Posted on 8/24/21 at 11:20 am
long video, youtube
This guy has exposed cheating in gaming several times, he does his research.
TL;DW: auction house consorts with grading company to create speculative bubble while they make bank on transactions with no risk when the bubble eventually pops.
This guy has exposed cheating in gaming several times, he does his research.
TL;DW: auction house consorts with grading company to create speculative bubble while they make bank on transactions with no risk when the bubble eventually pops.
2
Posted on 8/24/21 at 11:29 am to SouthernStyled
quote:
TL;DW: auction house consorts with grading company to create speculative bubble while they make bank on transactions with no risk when the bubble eventually pops.
So a 50 minute video of libel, from someone with minimal knowledge and experience of collectibles. Bonus points, also pins a victim complex comment hoping these companies don't go after him for calling them frauds for an hour... Literally attacking companies, but is somehow the victim. Typical youtube drama that pretends its educating.
Posted on 8/24/21 at 11:33 am to bluebarracuda
quote:
bluebarracuda
You work for WATA or Heritage?
Posted on 8/24/21 at 1:40 pm to SouthernStyled
Yea, totally do
Posted on 8/24/21 at 2:17 pm to SouthernStyled
I remember the coin market bubble very well. He mentioned names I hadn’t heard in a long time. It’s unbelievable the same creep is involved in this. How the feds haven’t hauled him to prison is breathtaking. No wonder just buying basic, ungraded sealed games has skyrocketed in recent years.
Grading companies have been a blight on collectibles.
Grading companies have been a blight on collectibles.
Posted on 8/24/21 at 2:37 pm to The Quiet One
quote:
breathtaking. No wonder just buying basic, ungraded sealed games has skyrocketed in recent years.
Anything sealed that's older and mildly collectible has skyrocketed. It's not just sealed video games
Posted on 8/24/21 at 4:33 pm to bluebarracuda
Not really: It’s relative. Retro games have gone through the roof and it’s a trickle-down effect, impacting even cartridge-only prices.
I mean, his very first example is a sealed SMB selling for $30K in 2017 and then selling again (the exact same sealed item, not a different SMB) just four years later for $2M. No collectible market has that kind of jump without serious market manipulation. It doesn’t help that WATA discreetly buys its own graded games from Heritage to showcase how “valuable” their graded games are to drive prices way up.
It’s a sealed SMB. They’re common in the market. You can find hundreds of them at any gaming convention: i have two I bought during Game On Expo in Phoenix for like $10 each back in 2015 when I retired from service. The only thing uncommon is WATA fake-grading some of them as mint condition, then auctioning them back to themselves at a 6,000% mark-up to manipulate people.
It’s also illegal and the very same person involved in this got caught doing it with graded coins. Might wanna take time and watch his video.
I mean, his very first example is a sealed SMB selling for $30K in 2017 and then selling again (the exact same sealed item, not a different SMB) just four years later for $2M. No collectible market has that kind of jump without serious market manipulation. It doesn’t help that WATA discreetly buys its own graded games from Heritage to showcase how “valuable” their graded games are to drive prices way up.
It’s a sealed SMB. They’re common in the market. You can find hundreds of them at any gaming convention: i have two I bought during Game On Expo in Phoenix for like $10 each back in 2015 when I retired from service. The only thing uncommon is WATA fake-grading some of them as mint condition, then auctioning them back to themselves at a 6,000% mark-up to manipulate people.
It’s also illegal and the very same person involved in this got caught doing it with graded coins. Might wanna take time and watch his video.
Posted on 8/24/21 at 6:04 pm to The Quiet One
quote:
It’s also illegal and the very same person involved in this got caught doing it with graded coins. Might wanna take time and watch his video.
I did watch the video. This guy is just using smooth brain tulip analogy. The only credible partial criticism is the lack of pop report in video games could have some affect. But that is a subtle point, that requires actual knowledge of these markets, which this guy doesn't possess. Pretending this is all some tulip conspiracy is ridiculous and juvenile.
The video makes the same tired points: over generalizing demand and collectibles markets, savior complex with loads of defamation and gatekeeping. Par for the course. It's happening across all trading and sports cards markets right now
Posted on 8/24/21 at 8:05 pm to bluebarracuda
Maybe I’m smooth-brained, too.
Can you provide some examples of why Karl Jobst is apparently FOS?
Can you provide some examples of why Karl Jobst is apparently FOS?
Posted on 8/24/21 at 10:51 pm to The Quiet One
I always just figured it was Youtubers talking about old games and making them popular again amongst a subset of the gaming population
Posted on 8/25/21 at 7:28 am to BulldogXero
Maybe, but I just don’t see gamers watching someone like Pat the NES Punk, then rushing out to buy sealed video games for tens of thousands to millions of dollars. The big collectors on YT collect to display and play, not invest in and drop in a safety deposit box.
Posted on 8/25/21 at 10:01 am to BulldogXero
quote:
always just figured it was Youtubers talking about old games and making them popular again amongst a subset of the gaming population
They are, but the games themselves can be played on just about any modern system or computer via a plethora of emulators, not to mention replica hardware.
These million dollar sealed boxes are tulips. Nobody intends to play them, they are investments and demonstrate the greater Fool Theory.
Posted on 8/25/21 at 1:14 pm to SouthernStyled
All that shite is fairy dust farts in the wind. These are just the modern day classic paintings. No real true value, just overinflated perceived value for people who just want to show material shite off. Not quite as stupid as those NFTs, but they are all a grift anyways.
Posted on 8/26/21 at 2:55 pm to The Quiet One
quote:
Can you provide some examples of why Karl Jobst is apparently FOS?
Still waiting for an answer.
Posted on 8/26/21 at 3:55 pm to The Quiet One
Full of shite?
The dude has no knowledge of the collectibles market besides a few hours of research
. His video is absolutely terrible, so much bullshite fluff and woe is me nonsense with a little bit of googling between.
The heritage is a POS and has always been, but the boom the collectibles market has seen has been across all sectors (lots of items 100x increase or more, but he choses to single out ONE extremity).
The dude has no knowledge of the collectibles market besides a few hours of research
. His video is absolutely terrible, so much bullshite fluff and woe is me nonsense with a little bit of googling between. The heritage is a POS and has always been, but the boom the collectibles market has seen has been across all sectors (lots of items 100x increase or more, but he choses to single out ONE extremity).
Posted on 8/28/21 at 7:52 am to The Quiet One
quote:
Can you provide some examples of why Karl Jobst is apparently FOS?
I think he’s pretty much correct on his auction video, but watch his latest video on Billy Mitchell’s court case dismissal for a heavy dose of hyperbole. It made me start to question the integrity of his other videos.
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