Sealed Game Investors Dump Games for HUGE Losses

Рет қаралды 64,655

3 ай бұрын

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Sealed game investors have been dumping games recently and taking big losses. We discuss this and other recent interesting game auction results.
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#gamecollecting #sealedgames

Пікірлер: 439

@nychris2258 3 ай бұрын

I would rather have 20 CIB games that I can open and play than one graded sealed game.

@linkinparkrulz2275 3 ай бұрын

Same, and as long as the manuals are intact you can buff out the scratches and swap out the cases so they look new.

@retrogamerfan123 3 ай бұрын

I have the complete snes set but I’d rather emulate everything honestly

@nychris2258 3 ай бұрын

@@retrogamerfan123 I still enjoy the ritual of popping in a real cartridge and playing the games as intended. I use a Retron now instead of the original systems just because its more reliable.

@roastinNAVY 2 ай бұрын

Same here. I'm not a fan of sealed games, I like to actually play my games.

@linkinparkrulz2275 2 ай бұрын

It's going to be sealed forever because now its value is too high to ever be opened. Sealed game collecting is the dumbest thing ever. Comic book collecting is also kind of dumb but not as dumb as this since you'll never even see the game without opening it.@@roastinNAVY

@lorenclark6279 3 ай бұрын

The most obvious example of them pumping the market is that the Nintendo PlayStation only sold for $300k and we had common-as-fuck games going for far more than that. It takes a particularly gullible person to not see what was happening,

@PaulvonOberstein 3 ай бұрын

None of this crap has any intrinsic value, even the Nintendo Playstation. It's only worth what someone is willing to pay. It doesn't matter how "rare" it is.

@PaulvonOberstein 3 ай бұрын

@@darthkai8242"Greed" is neither good nor bad. Sometimes investing is a smart way to grow money so that one will be secure when they're old and physically unable to work, but depending on what you're investing in it can also be foolish. If some knucklehead wants to spend 300,000 dollars on a shrink-wrapped copy of Ocarina of Time, that's their business. They accept the risk if the market decides a year later that it's actually worth 150 dollars and not 300,000. Let them get bitten. My advice to this person would be to invest their money in an index fund instead.

@varsityathlete9927 3 ай бұрын

@@darthkai8242 I wonder if the CDi games would have had anything like that value if it was not for AVGN and the other channels covering them. That is where many of us first discovered them.

@Bobbleheads56 3 ай бұрын

@@darthkai8242lol so if people also agree that a “sealed game” is worth x amount, who are you to say otherwise. All of this collecting stuff is the same

@xman777b 3 ай бұрын

good point !

@JamesMincksFeb81 3 ай бұрын

It's WATA and Speculators falsely jacking up values of sealed games so they can cash in. Then realizing that these games are not worth that much and collector's dumping them for huge losses. This is not a correction it's a full on crash.

@Bigbudd0045 3 ай бұрын

It happens in every collectable segment, with baseball cards in the mid 80s to mid 90s, comics in the 90s, games now. Speculation spikes prices and then the market crashes.

@linkinparkrulz2275 3 ай бұрын

I think the whole "product appraising system" needs to be a regulated market like the stock market. These values are based on nothing but the appraiser's opinion right now.

@Hypno_BPM 3 ай бұрын

@@linkinparkrulz2275yeah cause the stock market isn’t fixed right 😂

@linkinparkrulz2275 3 ай бұрын

The SEC regulates the market the same way the housing market and almost every other market is regulated. But I guess the government doesn't care if some idiot wants to spend $70,000 on a sealed video game cartridge.@@Hypno_BPM

@someperson8151 2 ай бұрын

A fool and his money are soon parted.

@pjbrown4736 3 ай бұрын

If it's not the industry ruining our hobby, it's our fellow, purported fans.

@TheSolMike 6 күн бұрын

Those arent fans they just want more money.

@sloppynyuszi 3 ай бұрын

They weren’t reading the auction prices, just the DKoldies catalogue

@BiggMatt183 2 ай бұрын

Leaving my up vote in the comments because you're at 69 👍🏼

@AJGarrett13 3 ай бұрын

Something you can't eat, drink, drive, live in, or play and have fun with is not worth buying for any price

@C-Murph 3 ай бұрын

Soon people will realize games aren't investments.

@user-do2ev2hr7h 3 ай бұрын

Collectables in general are bad investments, or at least extremely volatile ones.

@mikeg2491 3 ай бұрын

@@user-do2ev2hr7hHigh-grade comics and baseball cards have a proven decades-long history of profitability behind them though. But they go through booms and bust periods just like everything else, when cheap money is sloshing around they command higher prices. I don’t see a crash in graded game prices means the market is going away anytime soon.

@CB-ke7eq 3 ай бұрын

If the future is as "bumpy" as it appears on the horizon, collectibles nerds will be throwing themselves from bridges lol.

@Asahamana 3 ай бұрын

Nothing holds its value better than a beanie baby 😄

@ikewagner 3 ай бұрын

The only way to really make money on retro games is to go back in time to 2006 and buy a bunch of stuff for pennies and then sell it in 2020.

@StreetfighterTips 3 ай бұрын

I hope all these guys who took huge Ls stay away from our hobby and don't come back.

@mikeg2491 3 ай бұрын

How does it destroy the hobby exactly? It’s not like a mint grade street fighter 2 in the box is going to keep you from finding a loose one or a ratty boxed copy for cheap if all you’re interested in is playing the games.

@JazzyJay311 3 ай бұрын

How do you say you don't understand economics without saying you don't understand economics @@mikeg2491

@mrgarneau4895 3 ай бұрын

It's not the guys who took the Ls you don't want to come back, It's the guys who manufactured the bubble in first place.

@SuperIcarusman 3 ай бұрын

he means in general context not just to Mint seal games, but common games like Contra on NES as well. Contra, (a very common game) was getting up to $60- $80, cart only. For no f****** reason.

@mikeg2491 3 ай бұрын

@@SuperIcarusman hopefully that changes, the mistake by speculators in the hobby is assuming it’s the games themselves that are coveted and not the packaging. Loose Star Wars vs mint packaged SW is light years ahead of each other in price, should be same for games.

@dacatindahat8275 3 ай бұрын

Huh... how about that. People dont want to pay 100s of ks for slabbed common games. Stunned!

@MattPilz 3 ай бұрын

The VHS grading scene is just as dumb and plummeting. I found a "9.5 GEM" IGS graded copy of Terminator (Betamax) sold in March 2023 for $1,850, and that exact graded copy was then resold in June 2023 for $700. That's a 62% drop in value in just 3 months. From the same grading company whose website looks like it was developed by a student in the 1990s and whose claim to fame is a TMZ story about another "9.5 GEM" Terminator tape allegedly selling for $32,500 in 2022 and never seen since.

@niemand7811 3 ай бұрын

It is all fake. Same for video game ratings now. Wata and Heretic Auctions were working together and fake everything. It was a money bound marketing scam and people fell for it.

@nerdiestmurdoch887 3 ай бұрын

I had a sealed Clue. This was right after it started to go up. I cashed out at $700. I picked it up because I love the movie. Turned out I had an open copy at home. Sat on my shelf for a few years. Holding on to something sealed in the hopes it will got up is ridiculous. There is no guarantee.

@creekandseminole 3 ай бұрын

Japanese games are starting to go up in price because a lot of foreigners are buying bulk supply and shipping them all over. Some do that service through Patreon and the stores there are taking notice. Some even refuse to sell such massive stock to one person.

@xTHETRAINx 3 ай бұрын

😂😅

@MadsterV 3 ай бұрын

damn hoarders

@linkinparkrulz2275 3 ай бұрын

Yeah I've noticed a huge discrepancy between U.S. and Japanese PS2 game costs. Xenosaga episode 3 in Japan costs $50 used and in America it goes for over $300. Same game, different language. Something is off.

@kidthorazine 3 ай бұрын

@@linkinparkrulz2275 With Xenosaga Episode 3 the game sold about 300 thousand copies, with about 180 thousand being the Japanese version and the rest being split up among different international releases, so that's just a case of the Japanese version being considerably less rare. Also the retro scene in Japan is smaller and tends to be more focused on different arcade scenes, like fighting games and shmups . So console stuff doesn't get as crazy.

@ccricers 2 ай бұрын

@@kidthorazine Japan has strict laws against console modding at the behest of Nintendo and Sony. I imagine that can have an impact on the scene as well.

@MrGregory777 3 ай бұрын

Ian is looking more and more like Alan Moore each episode

@Uncle_GenX 3 ай бұрын

It's no longer called 'Super Mario Bros 2', it's officially 'Super Mario Bros -210,000' now. Mario Madness!

@Boogie_the_cat 3 ай бұрын

"investors mad" -ness

@JiuJitsuGuy24 3 ай бұрын

Speculative pricing in 2020 and 21 were crazy in every collectible. NFTs made everyone lose their mind.

@TheBroz 3 ай бұрын

Only folk who were idiots in the first place.

@justinvanhorne9958 3 ай бұрын

It’s only a loss when they haven’t “gamed” the system to begin with. No one knows the true numbers some of these investors put into their collections. They would literally push their own grandmothers down a set of stairs if it got them a scratched up copy of combat for the 2600.

@Olav3D Ай бұрын

Glad to see the Bogdanoffs finally taking action on this market 🙏

@toaker 3 ай бұрын

Whoever bought that “sealed” Famicom Super Mario Bros got robbed because Famicom games weren’t sold sealed.

@MattPilz 3 ай бұрын

The people who "grade" these things appear clueless about everything and seem barely even capable of Googling any history. Some extremely blatant bootlegs still end up getting graded by them, my favorite being when one of them graded a Chucky VHS tape where it then was listed for 4-figures, whose original box (which scored an '8' and '9.5') was actually poor resolution homemade printout from the DVD release and entirely unrelated to the VHS at all.

@MrJesus4132 3 ай бұрын

Karl Jobst talked about this issue last year and got into a bit of a feud with a speculator over it. So happy to these day traders get what they deserve

@mikemurphy5898 2 ай бұрын

Karl Jobst is often the voice or morality and reason when these grading "schemes" are clearly motivated by greed and deception, although seem to mostly target greedy, wealthy investors who aren't getting into it for the love of the hobby but rather to make a quick buck and deserve their losses imo for getting into the "hobby" (not investment vehicle) for the wrong reasons...and no one can convince me someone paying 800k for a "graded" video game is doing it for the "right" reasons

@mikemurphy5898 2 ай бұрын

Btw, i have no issue with fear and greed dictating legitimate investment vehicles like, oh, idk, the stock market, but taking advantage (or trying to take advantage) of legitimate collectors because of their love of the hobby and nostalgia is just a garbage thing to do...and one where you deserve all the L's you take along the way...but thats just my opinion ofc

@vito 3 ай бұрын

The reason reporters dont report on the market downturn is because the average expectation is that this old junk is worthless. The value of old stuff going down is expected, and thus not newsworthy. It's the reason you dont see articles like "these xbox 360 games used to be $60, now they are only $5. What happened?"

@Justin_Roiland 11 күн бұрын

To be fair

@cameronstone4495 3 ай бұрын

3:52 Well actually Ian, Richard Garriot worked for Sierra and produced of Ultima 2. Sierra was even the rights holder to the Ultima series for a time purchasing it from the originally company Richard Garriot worked for, California Pacific Computer Co. Escape from Mt. Darsh was published in 1983 for their "Sierra Venture" series shortly before they and Garriot parted ways.

@tron.44 3 ай бұрын

Panzer Dragoon Saga is not a crappy game, PAT!

@justcallhimdragon 3 ай бұрын

word!

@BDBD16 3 ай бұрын

Think he meant the track and field game is crappy.

@bobbyrivera2951 3 ай бұрын

All he plays is relics. So I’m sure he thinks panzer sucks

@teliots 2 ай бұрын

He was clearly talking about stadium events.

@johnnydropkicks 2 ай бұрын

Regarding boxed and sealed games; I don’t understand why somebody would collect something that they can’t even see. At least when cards and comics are graded and sealed you can still see them. A game is hidden away in it’s cardboard box and then sealed in plastic. What are these people really collecting? Is it the box, the case, the label or the grade it’s given? Because it certainly isn’t the game cartridge. For all they know the box could be filled with macaroni and cheese. It just doesn’t make sense to me.

@radio2rancid 3 ай бұрын

I'm glad I never ever would pay that kind of money for a game

@RemoWilliams1227 3 ай бұрын

Hurray for flashcards, homebrew, and emulation. It'll be a cold day in hell before I pay hundreds for one game. I have a couple that are worth over a hundred, but I've had them since retail 😂

@jC-kc4si 3 ай бұрын

With today's printing and manufacturing tech you can have as good as or better reproductions fully licensed too, so if you're a fan you should be able to get sonthing nice to display at a reasonable price.

@mlk22 3 ай бұрын

Problem with popculture is that its extremely based on nostalgia. Only people who will buy old games are either fans or other investors and both are very finite.

@RandallStevenson 3 ай бұрын

This was bound to happen, even retro collectors wouldn't pay this much for game carts, never a shortage of opportunities for the deceivers to fleece the easily deceived.

@user-cz6do6rx9i 3 ай бұрын

Some of these old games will spoil like milk. I would never invest a huge chunk of money in an old video game.

@wesleypharr7539 3 ай бұрын

I've said it since the beginning of this lunacy, ANYTHING GRADED IS A SCAM!

@xman777b 3 ай бұрын

as a sealed collector, I agree !

@dabradmp1 3 ай бұрын

Pretty much the Only graded collectable that graded is justified is the coin market.

@ScoutReaper-zn1rz 2 ай бұрын

Including comics!

@mikemurphy5898 2 ай бұрын

💯

@chinzilla6297 3 ай бұрын

Pat with special guest, Jack Black!

@bjmarchives 3 ай бұрын

Uhm no, more like Randy Quaid.

@rottenapple9855 3 ай бұрын

Duuuuude he does look like Randy Quaid 😳

@crono3339 3 ай бұрын

That's Randy black yall

@kyrusinek 3 ай бұрын

Good! Some games arw worth "some" money based on rairty and how they were cared for but when it starts getting into the 100s we have to ask ourselves "why"

@varsityathlete9927 3 ай бұрын

100s isn't a lot of money, get a car repaired, go the dentist. 1000s is a lot but most people will end up paying for something that is in the 1000s, get your roof repaired for a game it's getting silly... but ok there are a lot of collectors I can reason that a game could be a couple of 1000, that is truly a rarity. But 10,000s, 100,000s that is where it really is crazy for what you are getting into return. When a game is the price of a house, scamming is going to happen.

@crono3339 3 ай бұрын

100's definitely is a lot of money for old games no matter how awesome they are. The only thing that should possibly be in the thousands would be the rarest of the rare. Just in my opinion. Alot of people don't have hundreds of dollars in disposable income for old video games haha. I've spent a lot over the years but only when I could find super good uncommon deals. The prices went absolutely outrageous especially during and after Covid. People saw another capitalist style venture to seize on just like everything else that gets spoiled because of greed and it spreads like a plague and affects all of us especially those that just wanna enjoy old games without missing mortgage payments in the process.

@abelstavrow 2 ай бұрын

A general rule of thumb is, if a product starts selling for over 10× RRP it's getting daft.😵‍💫💸

@JazzyJay311 3 ай бұрын

Lol Greg has been cooming his pants saying that prices were rebounding up till now 😂

@TravisSurtr 3 ай бұрын

He’s literally part of the problem.

@HGRAP1 2 ай бұрын

The problem with collecting is that people turned it into investments. Before, the hobby of collecting was rewarding in itself. Sure, prices fluctuated and were based on rarity and condition, but they didn’t matter much beyond “oh, I found something rare/something I wanted, lets see if it’s worth buying it” Now with people seeing collecting as investments, prices go up to unreasonable prices and the buyers (for the most part) don’t care about the product. They only care about how much money it’ll make them.

@DuckAvenger 3 ай бұрын

Don't know why that line makes me crack up "it's that + worth136 thousand dollars ian?!"

@FilthyKingsRock 3 ай бұрын

The sealed and grading in perspex box thing is weird for something like Saturn games. A sealed CD is likey fine and there's probably a bit of exaggeration on saturn disk rot anyway, but if theres a bad enough defect in manufacturing then who knows, and the disks arent getting newer as time goes on. It's like schrodinger's cat, it both has and doesn't have disk rot until you open it. It's like antique or museum type collecting really then, it doesn't even matter if it's still a playable game.

@nabzy28 3 ай бұрын

2019 is the baseline/floor. I re-entered the market on sports cards that I was looking for back then once they got within 10-15% of the prices they were getting in early to mid 2019. You guys know the good stuff that will always be desired and hold value. If it's back within a reasonable range, you'll probably see prices start to rise a bit, again, on stuff like that.

@hw5091 3 ай бұрын

exactly what ive been thinking. I've been buying here n there as well.

@nuffsaidxxx 3 ай бұрын

I'm very interested to see what the Mario that went for 1.5 million will sell for now.

@donaldsmith5667 3 ай бұрын

The idea that people are paying six figures for an NES game is just insane. As you mentioned, that is literally a house or a condo. I definitely have sone sealed and CIB stuff in my collection, but it’s not to use for my retirement. I just wanted them for nostalgia purposes and they’re just to be a nice addition to my overall game collection. My general rule is that if I can’t actually play it, then it serves no purpose. A collection filled with all that sealed shit to me in pointless.

@linkinparkrulz2275 3 ай бұрын

Same, if you're ever thinking about selling your collection you can just do bulk sales and put a 20% markup and collect the profit because people will buy a crummy collection if it has a Zelda or Metal Gear in it. Holding onto one game and not spreading out the risk is insanely dumb.

@donaldsmith5667 3 ай бұрын

@@linkinparkrulz2275 yeah i totally agree.

@newguy371 3 ай бұрын

I think you meant "can't actually play it," but yeah, I agree.

@lancebaylis3169 3 ай бұрын

Videogames and OG consoles just aren't the investment opp collector's think they are - especially with upkeep costs and the fact emulation has become perfect. If you want to get into retro gaming, the best advice is 'collect what you like, and enjoy it'. They'll never have the value of a comic book. This goes for the guys sealing DVDs, too. I can understand the impulse, but there isn't really a market for 20 year old DVDs now, and there almost certainly won't be 20 years from now. Buy them, watch them, enjoy them.

@4g1vn 3 ай бұрын

A correction is a decline of 10% or less, while a crash is a 10-20% drop in stock prices. A correction occurs gradually over days, weeks, or months, while a crash occurs suddenly in just one day. A correction is generally a short-term dip, while a crash can lead to a longer-term period of falling stock prices and general market pessimism.

@KamikazeXero 3 ай бұрын

As a longtime Pokémon TCG player/collector, I believe the same thing is bound to happen with these cards, too. People are still sending cards in massive quantities to PSA monthly, and I'm sure there are plenty of "influencers" pumping up value so that they can sell high. A highly sought after card, Umbreon VMAX Alternate Art, is going for around $1000 as a PSA 10. While it is hard to pull out of packs, it's not that rare. There are over 10,000 of this card graded at a 10, and feel hype is keeping these values high.

@michelecarroll6355 3 ай бұрын

Who ever is reading this... have a great day! 🌟💗

@BIayne 3 ай бұрын

🌞

@videogamegalaxyfl 3 ай бұрын

Same brother

@neoxbomb 3 ай бұрын

Thank you. You too!

@jamessnedeker4799 22 күн бұрын

Hahaha! I'm reading this at night. But yeah, have a great solar cycle even for the moonsiders 🌙

@Jormunguandr Ай бұрын

I buy games, play them, look at them fondly in the shelf. Replay them. No need to sell them. Some games includes a poster and nice box art. Game on and have fun.

@PBEcotaku 3 ай бұрын

I just wanna take a moment to laugh at that smug dentist, Eric Naierman. Hes taking some big Ls. I also want to take a moment to laugh at Danielle aka NerdyGirlComics. Are you still ecstatic over sealed video games? LMAO

@mikemurphy5898 2 ай бұрын

Spicy but deserved lol

@stevenewsome5306 3 ай бұрын

A drop of more than 10% but less than 20 is a correction. 20% or more is a crash. Crazy to watch this all unfold. All cycles will soon be complete.

@brandongregori995 3 ай бұрын

While I personally think collecting is a pointless hobby and would never do it, i do feel bad for genuine collectors who are being priced out by exploitative speculators. The fact that your hobby only gained traction over the decades from your own passion, and then these jerks with no integrity and to much money decided to insert themselves and did up the whole market. I realize this instance specifically is just regarding sealed and graded games, but they've created a hysteria that has driven up the whole market.

@questjelinek 3 ай бұрын

Great video! The graded games peeps that bought at the high-end with funny money are probably hurting. It's crazy that these prices are still well above 2019 though. And Japanese games! Wow they have better cover art, but those prices :O

@undamned 3 ай бұрын

Re unopened Famicom Super Mario Bros.(they were never sealed), I fully appreciate the warning about people needing to be aware of availability. In this case, unopened is stupidly rare. Basically any that pop up graded are copies that OG collectors purchased 10-20 years ago and have just been sitting on.

@OutFreak28 3 ай бұрын

I haven't watched a PTNP video in, a really long time, way before covid, and geez guys, you looked way younger in my mind.

@breakbeatz309 3 ай бұрын

Interesting that you started with Drash. As a PC collector, I can tell you that the copy sold in heritage has been well documented since that surfaced in 1999 IIRC. I expected it to go for more - around $8k

@koalakoa 3 ай бұрын

In the stock market and housing corrections are typically reductions in market average pricing up to 20% Most will agree depending on the number of months typically a quarter (3 months) of decline is a correction. Anything more than a 20% reduction that lasts longer than a quarter is a crash. This has been over a year of reductions and some titles losing more than 67% yes this is a crash. Tulip Mania is finally coming to a close for graded video games. No more bump and dumps no more market manipulation. The prices will continue to fall hard.

@linkinparkrulz2275 3 ай бұрын

Remember Isaac Newton invested in tulip bulbs. Literally no one can outsmart the market.

@HellsMaster 3 ай бұрын

A few days ago I purchased a Q*bert cart from a pawnshop here in San Diego for $10. Only Atari 2600 game I own. I like the label art. Looks cool in my collection.

@mikemurphy5898 2 ай бұрын

And THAT is a good reason to buy a video game, sir. You are a purist.

@christianolsen2192 3 ай бұрын

I'm in a VHS collector group on FB, and more and more people are spending 50 bucks to get their 5 buck VHS tapes graded and put in a plastic box 🤣

@johnjay6370 2 ай бұрын

Baseball cards did the same thing.. people just do not care anymore and the ones who do are already done collecting. Games are just Games!!!

@steve7814 3 ай бұрын

It's crazy how Atari games are going to experience 2 video game crashes haha.

@c0mpu73rguy 3 ай бұрын

Now comes the part where we throw our heads back and laugh.

@mikemurphy5898 2 ай бұрын

"CACKLE" MMMWWWUUAHAHAHAHAAA

@RetroMediaLibrary 3 ай бұрын

Ian looking like homeless ZZ Top Santa

@aaronjoly 3 ай бұрын

My jaw literally dropped when I saw the Super Smash Bros price drop. Jesus Harold Christ!

@rafasreds5324 Ай бұрын

It's all about buying at the right price. Just like your Flea Market Madness videos, if you can pick-up any collectable cheap then you will never reasonably lose money. I was recently in Newcastle on Tyne England & visited a vinyl record store & some of the prices for old vinyls are sky rocketing. So just like any collectable market its getting in at the right time & not over paying for items. Wata was nothing more than the perceived Bitcoin of the Videogames industry.

@bryandrobny7690 3 ай бұрын

I won't buy a game over $50.00 😂

@eelobrian6727 3 ай бұрын

The most criminal to me was Turbo the Snail for Wii U jumping from $19 to $300 in less than 2 year's time.

@enthused7591 3 ай бұрын

Games, consoles, Pokemon cards - all going to crash an additional 80-90% from today's prices. Unemployment has barely started to tick up, but it'll triple. Foreclosure rates will make 2008 look mild by comparison. Pure math, not emotion. The median home price sold will never maintain anywhere near 700% the median income, particularly while cost of living is up 45-60% on average. The housing market is 43% more over inflated than 2007 peak bubble, with inflation accounted for. Stocks at new all-time highs? The markets will come down 60-65%.

@dannymac6368 2 ай бұрын

People hoarding expensive collectible video games and Pokémon cards aren’t unemployed and already have a house. Aside from the socioeconomic predictions themselves being wild, the impact on the video game adjacent is just hilarious.

@monchopr3511 2 ай бұрын

I think speculators buy their own items to give the impression that they are selling, while in reality, none is interested in paying those quantities.

@retrojb101 3 ай бұрын

3/4 million dollars for a sealed legend of Zelda?!? Wish I sold my sealed pal copy back then. That’s crazy money!

@TheWyman55_ 2 ай бұрын

Seeing that Guru Larry plush underneath his money is a nice touch I hope Larry comes over his affliction

@mjcook3922 3 ай бұрын

I've been a video game collector for well over a decade and I'd rather buy a yacht or drive a Lamborghini in the sunset that spend over a million for a sealed Mario 64....but some fool will come at you with "it's worth whatever someone is willing to pay for it"

@lassikinnunen 3 ай бұрын

They try to get that yacht with it and tell their neighbors to get in on the pool. While the risk/profit ratio is really bad at that point already. Still its not as crazy as gamestopbedbathandbeyond nutters.

@sasamichan 3 ай бұрын

Thats some thing I have experience with. You collect a thing in the hope it'll pay off and then it turns out no one wants to pay what it is said to be worth. Happens all the time.

@jerrystauffer2351 2 ай бұрын

I'm old enough to see collector plates go 10/$1 when they sold for $30 new 30 years ago. Collectable dolls are now a dollar a bushel. Every collectable eventually crashes when all the collectors sell at once and no one buys

@StusGameReviews 3 ай бұрын

Thanks for mentioning the Ultima: Mount Drash. I heard the buyer immediately flipped it for a nice profit, although in general I think all of these things are overvalued by a select small group of mostly uninformed people.

@ADR014 3 ай бұрын

Typically when talking about the market a loss of more than 10 but less than 20% is considered a correction and 20+ is a crash

@excitebike64 3 ай бұрын

I collect video games and movies. I watch videos dealing with housing, dabble in stocks... Blah, blah. The mainstream refuses to report downward trends in anything. It's considered taboo in all fields since 2020. I collect because I want to, and because it future proofs what I have access to. I don't consider it an actual long term investment. Breaking even or even half is fair enough, good enough. I collect for the original reasons to collect, not because I believe everything will have actual monetary value. Time value, sure. No need to look. So it's frustrating that they are trying to hit the movie market with this. Fortunately, I don't see prices ever going crazy, crazy.. Too late for that. But some titles, sure 50-100 bucks more. Ticks me off, but at least with some movies the inventory is actually much lower. Instead of millions of copies or 100,000 copies, it could be 500-5000 copies.

@lavawingsplays1627 3 ай бұрын

I like that we are getting CUPodcast so often. Thanks for continuing Pat and Ian!

@Whatisthis195 3 ай бұрын

I bought a mint sealed pokemon gold from a local game store for $200 in 2018. I was going for a complete CIB collection, and I like clean games so I said why not🤷🏻‍♂️. It wasn’t too much more, and it couldn’t get any cleaner. If you look at the chart, it went up slowly over about 20 years. Then when all this shit happened, and it jumped up like 1000%. I knew something was horribly wrong😂

@ivancastillo161 2 ай бұрын

I'm glad they're still dropping CUPodcast 🥰

@TimmiiGamingChannel 3 ай бұрын

Hey Pat are you goin to be at Pax East next week since Ill be there all 4 days I might as well check out the Retroware booth since I might bring a certain game for a certain someone to sign it for me.

@Rautz. Ай бұрын

Why are games worth more than 5k? I love old games but i dont understand the pricing of these games going for tens of thousands

@nensondubois 3 ай бұрын

Good. Also, I'm glad sealed games are in these cases because that means they're well preserved.

@mrmrsanime 3 ай бұрын

Nice video, Pat and Ian. I sometimes put you guys on and pretend I have friends. It helps so I don't kill myself (I wish I was making a grim joke) Much love from Serbia

@robypal97 3 ай бұрын

Start strong dude

@robypal97 3 ай бұрын

Stay strong dude

@MTG69 3 ай бұрын

I'll be your friend, if there is something you need to talk about, or just need someone to listen, I'm here.

@jackasswhiskyandpintobeans9344 2 ай бұрын

What you are actually buying in a sealed NES game is a multi-colored vinyl label that measuers 3" x 4".

@retropocalypse1984 3 ай бұрын

I want to know who is STILL!!! buying at these prices, lmaooooo. The price plumet is nice, but there are still people out there buying at house purchasing prices.

@creekandseminole 3 ай бұрын

Oil barons

@varsityathlete9927 3 ай бұрын

fool and their money, or maybe people so invested into this, they are trying to hold up pricing by paying these prices. you get a lot of fake high price sales on ebay to set a price... the only cost to the people involved are ebay fees.

@CraigSnyder 3 ай бұрын

Weird concept, but are you aware that wealthy people exist?

@mikemurphy5898 2 ай бұрын

@varsityathlete9927 yea, i definitely think a lot of this is price fixing since this isn't regulated the way the stock market is. Hence Karl Jobst doing a good "Jobst" (see what i did there? ... I'll show myself out) calling out this scam for what it really is Personally, I questioned if those "purchases" for 800k, etc by the same people who owned the auction houses, owned the games and did the grading, ever really took place. Moreover, I dont think they did.

@danbauer3669 3 ай бұрын

It is easier to buy all the games than it is to play all the games.

@larryinc64 3 ай бұрын

There are things from SMB2 in future games, Super Mario 3D World borrows a lot from it, and Shy Guys, Bobombs, and Birdo have been staple characters since then.

@UrMomsChauffer 2 ай бұрын

This happened with every type of collectors market because of the excess boredom and money from Covid, and everyone thinking it was going to be the next big thing.

@spencerstevens2175 3 ай бұрын

The world is healing. Now we get to see the people who think their stuff is worth that much still flop about for a while in denial until they realize no one is going to buy their stuff at asking price

@pletchmeister 3 ай бұрын

Love your work, dude. Keep it up. Ian's cool too and Frank is the coolest.

@brianparent4023 3 ай бұрын

I wanna laugh at the way people were so mad at you guys but it’s just sad. You were right all along, refused to play ball, and tried to warn people and got attacked for it. For what? They lost their money anyway. You guys were right again tho lol I’ll find the silver lining anywhere I can

@lasskinn474 3 ай бұрын

sometimes for some people it just takes 1 realistic take that they come across to make them understand that the emperor doesn't have clothes just like their eyes had been telling them the whole time.

@rodman1848 2 ай бұрын

Video games are not an investment class - full stop.

@MaxiusTheGod 2 ай бұрын

I just dont see the point in a collection if you can’t play the games.

@andreasjohannesson4160 3 ай бұрын

Battletoads was a loss of $ 27600, not 37600 (then the highest sold price would be 50800…) I can’t say I feel sorry for the people losing a lot of money, since they really paid way too much money to start to and probably were just doing this in speculation, not because they were gamers and/or big fans of the games. I might be wrong but the bubble has been busted

@TheEvilcookie0 3 ай бұрын

Nice to see ya pat! One love~

@eightbitlife4374 3 ай бұрын

This makes me happy

@jackasswhiskyandpintobeans9344 2 ай бұрын

I've collected many over my life, but now focus on mostly traditional pocketknives not made in China and Hard cover books mostly Arkham House 1st eds that have the colophon on the last page with the number of books published. The nice thing about HC books is that the DJ is around 70% of the value. Put the DJ in mylar Brodart and you can read the book.

@Aragorn7884 3 ай бұрын

Never, ever stop the 🦭 sound 😅

@thestuff10 3 ай бұрын

"SEEEAALLED!!"

@fakealias 2 ай бұрын

Less then 20% decline is a correction. 20%-40% is a bear market, 40+% is a crash. These definitions are typically for declines within a one year period but yes this is a crash that just keeps crashing.

@faerieknight2298 3 ай бұрын

I have a box of 30 Atari games. Been trying to track down a way to hook the atari 2600 up to a modern TV, because I do enjoy those games. But yeah, I payed a grand total of $5 for an Atari 2600, two of every type of controller for it, and 30 different games that were actually popular and good.

@justinquarantine 2 ай бұрын

Phono plug to F jack adapter or just the adapter for the U shaped wires whatever you prefer both are about 5 bucks..You are young or never played the Atari since it first came out the 2nd type of plug has been around since adding the cable input to TV's..

@faerieknight2298 2 ай бұрын

@@justinquarantine Or neither, I just don't frequent stores that sell electronic parts, and haven't done too much research into what will be needed since I ALSO need to track down a replacement plug for the Atari 2600 due to the one I have being badly worn and potentially a fire hazard. Plus my current TV doesn't have a cable input, because it assumes a set top cable box connected via HDMI.

@blainesworld6404 3 ай бұрын

I want to trim Ian's beard.

@Steely_Fran 2 ай бұрын

As far as sports cards go, an unopened box of 86/87 Fleer basketball cards (36 packs) sold recently for $114K. A PSA 10+++ Jordan rookie from that set can go for around $400K.

@bryancook6345 3 ай бұрын

Well now you know why these are costing this much on ebay cause there are idiots out there who will actually pay that much in real life

@yiffytimes 2 ай бұрын

It was the craziest story I ever heard. I was talking to a employee of a retro game store I frequent, we figured we could make a legit copy of the same thing they said was worth millions for around $100 amazing the number of fake authentication labels there are online.

@nickp1914 3 ай бұрын

I wonder if you guys can help me with some advice. I'm not a collector, but I want to purchase Tecmo Bowl and Super Tecmo Bowl both CIB or sealed. About how much should I pay for each one? I just want to display them in my man cave.

@mikemurphy5898 2 ай бұрын

I dont know man. Anyone who tells you they "know" is either lying or misguided. Personal take though, is I think patience is your best bet right now. I understand why you want to buy them now, however, I think waiting...a few months, (a few years?) is your best bet right now. I dont think these prices are sustainable, I really question if these astronomical prices "paid" by the card owners, who also own the auction houses and invented the grading system, ever took place anywhere but on paper. More specifically, I don't think they did...I think it was price fixing, pure and simple, and Karl Jobst made a great video calling this behavior out. So, in summation, I would give it time until prices return to "reasonable" prices. What reasonable means tho, only you and the market can ultimately determine. I'm sorry if that's not the answer you wanted, but it's the most honest advice I can offer you with an investor with a background amd career in finance. Good luck with whatever you decide and I wish you nothing but enjoyment in the pursuit of your hobby.

@peterdevreter 2 ай бұрын

Like nobody saw that coming. It was one big fraud from the start. The people who were taxating, auctioning and buying were all one and the same organisation. And at one point all the other suckers were spending their own hard earned money on overpriced games.