Remarkableriots Posted July 12, 2021 Share Posted July 12, 2021 Super Mario 64 game sells for record-breaking $1.5m at auction WWW.BBC.COM An original Zelda cartridge and a Mario game set successive records at auction within days. Quote Link to comment Share on other sites More sharing options...
vaxick Posted July 12, 2021 Share Posted July 12, 2021 Something about this feels fishy and makes me wonder what's going on behind the scenes. I know this whole bullshit graded market was started by comic book collectors who inflated the hell out of comics looking for a new blood to go after, but this isn't a rare game, and given how well it sold, there are bound to be plenty of sealed copies sitting in boxes somewhere. While I'm really not concerned as to what these wealthy folks do with their money, when this bubble bursts, it's going to burst bad, and a lot of regular people are going to lose some serious money gambling on graded games. The video game market is never going to become the comic book market. Quote Link to comment Share on other sites More sharing options...
Ghost_MH Posted July 12, 2021 Share Posted July 12, 2021 8 minutes ago, vaxick said: Something about this feels fishy and makes me wonder what's going on behind the scenes. I know this whole bullshit graded market was started by comic book collectors who inflated the hell out of comics looking for a new blood to go after, but this isn't a rare game, and given how well it sold, there are bound to be plenty of sealed copies sitting in boxes somewhere. While I'm really not concerned as to what these wealthy folks do with their money, when this bubble bursts, it's going to burst bad, and a lot of regular people are going to lose some serious money gambling on graded games. The video game market is never going to become the comic book market. It's all that crypto new money. Quote Link to comment Share on other sites More sharing options...
stepee Posted July 13, 2021 Share Posted July 13, 2021 If Nintendo was smart they would stop making other games and just make new boxed copies of mario 64 and sell them for 1.5mil each. Quote Link to comment Share on other sites More sharing options...
Biggie Posted July 13, 2021 Share Posted July 13, 2021 51 minutes ago, stepee said: If Nintendo was smart they would stop making other games and just make new boxed copies of mario 64 and sell them for 1.5mil each. 2 Quote Link to comment Share on other sites More sharing options...
GameDadGrant Posted July 13, 2021 Share Posted July 13, 2021 11 hours ago, stepee said: If Nintendo was smart they would stop making other games and just make new boxed copies of mario 64 and sell them for 1.5mil each. Nintendo: 1.) Make new boxed copies of Super Mario 64 one at a time. 2.) Sell them for highest bid. 3.) ??? 4.) PROFIT. Quote Link to comment Share on other sites More sharing options...
best3444 Posted July 13, 2021 Share Posted July 13, 2021 11 hours ago, Biggie said: That gif gets me every time. Quote Link to comment Share on other sites More sharing options...
Kal-El814 Posted July 13, 2021 Share Posted July 13, 2021 This makes absolutely no sense at all. Quote Link to comment Share on other sites More sharing options...
Commissar SFLUFAN Posted July 13, 2021 Share Posted July 13, 2021 6 minutes ago, Kal-El814 said: This makes absolutely no sense at all. Considering the existence of crypto and NFTs, I'd say this is the most "sensible" of them all! Quote Link to comment Share on other sites More sharing options...
Chris- Posted July 13, 2021 Share Posted July 13, 2021 7 minutes ago, Kal-El814 said: This makes absolutely no sense at all. I don’t see a difference between this and any other collectible, Wagner and Mantle cards just had a few decade head start. Quote Link to comment Share on other sites More sharing options...
Kal-El814 Posted July 13, 2021 Share Posted July 13, 2021 4 minutes ago, Chris- said: I don’t see a difference between this and any other collectible, Wagner and Mantle cards just had a few decade head start. There’s what, < 2,000 Mantle rookie cards in existence? I don’t think this is the same thing at all. Time and scarcity drive the value of these things, and N64 games in general have neither. Quote Link to comment Share on other sites More sharing options...
GameDadGrant Posted July 13, 2021 Share Posted July 13, 2021 25 minutes ago, Kal-El814 said: There’s what, < 2,000 Mantle rookie cards in existence? I don’t think this is the same thing at all. Time and scarcity drive the value of these things, and N64 games in general have neither. The thing is, the number of brand-new, perfect condition, original run copies of N64 games is...unknown. Kids tore those boxes open and/or threw away the box. And probably manual. There is absolutely scarcity of these kind of N64 games. And obviously, time has happened too. I don’t think people should be dropping this kind of cash on that kind of stuff...but I’m not in the habit of telling people what to do with their money. Quote Link to comment Share on other sites More sharing options...
Chris- Posted July 13, 2021 Share Posted July 13, 2021 1 hour ago, Kal-El814 said: There’s what, < 2,000 Mantle rookie cards in existence? I don’t think this is the same thing at all. Time and scarcity drive the value of these things, and N64 games in general have neither. 32 minutes ago, GameDadGrant said: The thing is, the number of brand-new, perfect condition, original run copies of N64 games is...unknown. Kids tore those boxes open and/or threw away the box. And probably manual. There is absolutely scarcity of these kind of N64 games. And obviously, time has happened too. I don’t think people should be dropping this kind of cash on that kind of stuff...but I’m not in the habit of telling people what to do with their money. Yeah, unopened and undamaged versions of these games are probably just as rare (if not more so, since unlike baseball cards their collectibility wasn’t the entire point). Then you get into the weird production quirks like the Zelda copy the other day, and the scarcity becomes even more pronounced. Will these hold their value as well as the rarest baseball cards? Hard to say because of the demographics involved, but from the standpoint of, ‘What constitutes a high-end collectible?’, I don’t see anything particularly crazy about this. Quote Link to comment Share on other sites More sharing options...
ort Posted July 13, 2021 Share Posted July 13, 2021 It's interesting to see the collectible game market kind of blow up. I'm pretty sure I have a couple thousand dollars worth of old SNES and NES games. I know I have at least 10 that regularly sell for over $100 bucks. I was thinking of selling, and still might... but it might make sense to hold on to them if things keep trending this way. I like having the real old games I used to enjoy, but I can emulate all of these and my SNES broke and I just don't know how much I really care about getting the true genuine experience. I think it's cool, but cash money is more cool for sure. Especially since I can play them all on my laptop. Quote Link to comment Share on other sites More sharing options...
Keyser_Soze Posted July 13, 2021 Share Posted July 13, 2021 I've got a used copy of Skitchin' I'd be willing to sell for a million dollars. 1 Quote Link to comment Share on other sites More sharing options...
Kal-El814 Posted July 13, 2021 Share Posted July 13, 2021 1 hour ago, Chris- said: Will these hold their value as well as the rarest baseball cards? Hard to say because of the demographics involved, but from the standpoint of, ‘What constitutes a high-end collectible?’, I don’t see anything particularly crazy about this. The price tag is objectively crazy. I appreciate it being in great condition and sealed makes it rare, but $1.3M for an N64 cart is ludicrous. Quote Link to comment Share on other sites More sharing options...
stepee Posted July 13, 2021 Share Posted July 13, 2021 3 minutes ago, Kal-El814 said: The price tag is objectively crazy. I appreciate it being in great condition and sealed makes it rare, but $1.3M for an N64 cart is ludicrous. i mean it’s a fun game 1 Quote Link to comment Share on other sites More sharing options...
Keyser_Soze Posted July 13, 2021 Share Posted July 13, 2021 4 minutes ago, Kal-El814 said: The price tag is objectively crazy. I appreciate it being in great condition and sealed makes it rare, but $1.3M for an N64 cart is ludicrous. No. THIS is Ludacris Spoiler Quote Link to comment Share on other sites More sharing options...
Ghost_MH Posted July 13, 2021 Share Posted July 13, 2021 6 minutes ago, Kal-El814 said: The price tag is objectively crazy. I appreciate it being in great condition and sealed makes it rare, but $1.3M for an N64 cart is ludicrous. A JPG of Disaster Girl went for $500k, so $1.5m for a perfect condition Mario 64 seems fairly quaint. Quote Link to comment Share on other sites More sharing options...
Kal-El814 Posted July 13, 2021 Share Posted July 13, 2021 4 minutes ago, Ghost_MH said: A JPG of Disaster Girl went for $500k, so $1.5m for a perfect condition Mario 64 seems fairly quaint. I don’t think one of these negates the other, but in general yes, I agree. Quote Link to comment Share on other sites More sharing options...
Ghost_MH Posted July 13, 2021 Share Posted July 13, 2021 30 minutes ago, Kal-El814 said: I don’t think one of these negates the other, but in general yes, I agree. The collectors market as a whole is all out of whack thanks to the nouveau riche crypto millennials. At least this purchase make me bash my head in less than the, like, the $2.9m paid to "own" Jack Dorsey's first tweet. Even then, that one makes me want to stick my head in a wood chipper less than this... Yeah, that's $1.5m for a randomly generated ape wearing a hat. 1 Quote Link to comment Share on other sites More sharing options...
Biggie Posted July 13, 2021 Share Posted July 13, 2021 After the auction the guy tried to trade the game in at GameStop and they offered him $10 1 Quote Link to comment Share on other sites More sharing options...
vaxick Posted July 13, 2021 Share Posted July 13, 2021 4 hours ago, ort said: It's interesting to see the collectible game market kind of blow up. I'm pretty sure I have a couple thousand dollars worth of old SNES and NES games. I know I have at least 10 that regularly sell for over $100 bucks. I was thinking of selling, and still might... but it might make sense to hold on to them if things keep trending this way. I like having the real old games I used to enjoy, but I can emulate all of these and my SNES broke and I just don't know how much I really care about getting the true genuine experience. I think it's cool, but cash money is more cool for sure. Especially since I can play them all on my laptop. You should look the prices of those games up on eBay, a lot of games in the past year or so have seen drastic spikes in their value due to these happenings and people inflating prices online. Earthbound for example has shot up to almost $400 now despite the fact it wasn't long ago that you could easily find a copy for around $130. It's becoming a frustrating market to purchase old games in now that everybody is listing games at absurd asking prices and people are following their lead. Quote Link to comment Share on other sites More sharing options...
EternallDarkness Posted July 14, 2021 Share Posted July 14, 2021 still have sealed copies of Suikoden II and Rez among others....where do I go to get a million dollars?!?! Quote Link to comment Share on other sites More sharing options...
Keyser_Soze Posted July 14, 2021 Share Posted July 14, 2021 36 minutes ago, EternallDarkness said: still have sealed copies of Suikoden II and Rez among others....where do I go to get a million dollars?!?! 2 million if you have the trance vibrator! Quote Link to comment Share on other sites More sharing options...
EternallDarkness Posted July 14, 2021 Share Posted July 14, 2021 1 minute ago, Keyser_Soze said: 2 million if you have the trance vibrator! Still amazes me that they actually released that Quote Link to comment Share on other sites More sharing options...
ort Posted July 14, 2021 Share Posted July 14, 2021 I have a sealed copy of some ninja turtles game for the DS my kid never opened... money please... Quote Link to comment Share on other sites More sharing options...
imthesoldier Posted July 14, 2021 Share Posted July 14, 2021 On 7/12/2021 at 6:26 PM, vaxick said: Something about this feels fishy and makes me wonder what's going on behind the scenes. I know this whole bullshit graded market was started by comic book collectors who inflated the hell out of comics looking for a new blood to go after, but this isn't a rare game, and given how well it sold, there are bound to be plenty of sealed copies sitting in boxes somewhere. While I'm really not concerned as to what these wealthy folks do with their money, when this bubble bursts, it's going to burst bad, and a lot of regular people are going to lose some serious money gambling on graded games. The video game market is never going to become the comic book market. Not sure. Is Money laundering a possible answer? Quote Link to comment Share on other sites More sharing options...
vaxick Posted July 14, 2021 Share Posted July 14, 2021 1 hour ago, imthesoldier said: Not sure. Is Money laundering a possible answer? This just came out today and it does seem a little bit convenient given the timing. Collectors Universe Expands Into Video Game Authentication & Grading with Acquisition of Wata Games WWW.BUSINESSWIRE.COM Collectors Universe, a leading provider of value-added authentication and grading services, announces it is expanding into the collectible video game Quote Link to comment Share on other sites More sharing options...
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