The Retro Video Game Market Has Officially CRASHED

What's the old saying? A fool and is money are soon parted? If you are dumb enough to spend that much on old $50 games I don't sympathize very much!

its nice to see the prices drop but even the dropped prices are insanely high i think at one point i had 4 copies of sonic one

Irrelevant to the video topic, but your accent suggests you are Australian, yet you refer to Sega's 16 bit game console as the Genesis rather than the Mega Drive, which is what the system was called in most parts of the world except for Canada and the USA. Is this to cater to an American audience?

Knowing Wata is being sued made my day.

"ItS nOtHiNg LiKe ThE tUlLiPs" - those down bad right now after being so sure of their investments 2 years ago.

i love to get the games i used to own but some are like 200 which is crazy so priacy is my best bet with those expencive games

you have to be a special kind of mongoloid to pay a million bucks for a plastic cartridge

Dumb buyers or fake buyers lost, should be good for the rest of us

No it hasn't

There needs to be an investigation, the game never left the auction house? Sounds like the auction house inflated the price to make an inflated medium price. It's a win/win for them.

if you lost a million bucks for a game that is in a plastic shell to never be used for what it is intended, you deserved it.

I don’t not feel bad for any of these people. I highly doubt the vast majority are even collectors. They are probably mostly businesses and coked out speculators hemorrhaging the market.

Everyone selling or buying these things should just have their money taken from them.
That they'd so flagrantly waste more money than most will see in a lifetime on plastic shows that their priorities are insane. They've either got too much money for their own good at this point, are stupid and being taken advantage of, or are sociopathic speculators who are preying on the former people.

People who buy graded games are douchebags. People who grade games and then artificially inflate their Market can suq a diq. - a gamer

Anyone who bought a sealed graded Madden game deserves everything they get lol

WATA smells like money laundering

I don't know about that. I've been selling off some of my collection. Still selling well. Now, I don't sell graded copies of games, so the title is rather generalized.

"beanie babies" had a similar scam ... ridiculously high prices with the hope of making more money - when the "balloon popped" thrift shops were throwing them in the garbage !! ... nobody wanted them !! .. even at .25 cents !!

the whole scenario is full of scumbags. The only way to win is to not play this game and emulate everything.

Yep, in addition to whatever fraud was going on, it was your typical modern bubble. Big Money Investors look to jump in and flip things for a profit while leaving the "foolish" smaller investors to buy it at the top. What you see in these Bubbles is lesser desirable stuff "tag along" and get boosted way up since people can no longer afford "the best" items. These always are you looser products. I'm sure there are amazing Prototypes and crazy Rare items out there that will increase value over the years, but keep in mind that many of these games sold in the TENS OF MILLIONS. Oh sure, not many are sealed, but when you have a game that's $50 in used condition and $50,000+ in sealed condition, you have a market that isn't stable.

So in other words: they’re treating these unopened games as NFTs?

This is applicable maybe for those ridiculous wata and VGA-boxed games, but not for regular loose carts or CIB. I don't see Earthbound's price dropping

Colectors win, flippers lose. I am all for it.

It warms my heart when speculators lose money. I celebrated when the bitcoin miners started failing to sell off their rigs

oh no! All my 401k was in viseo games. Thank god i srill have my NFTs, FTT and Tulip Bulbs ro fall back on.

No Karl Jobst, YOU are the superstar for highlighting Wata Games/Heritage Auctions scam. Clapping intensifies

im reckon a lot of the games for the stupid high prices never actually sold in the first place and were only serving to buff the prices

Ten years ago, I bought a near mint, complete copy of Super Mario Sunshine for $7. Twenty years ago, I bought a complete, with box and manual in pristine condition, Sonic & Knuckles for $15. Now we have... this. What a time to be alive...😢

It sure must be nice having a kind of money to throw away on a video game like those bozos did.

great video, very thankful for individuals like this out there exposing fraud for the rest of us.

Mizkif punching the air rn

I'm sorry, but Yuji Naka asking if something is a scam made me lose it 🚓

To paraphrase the content of this video: Stupid people lost a lot of money by being stupid.

I've long maintained that video games are almost always a poor "investment". Unless you're investing in fun. Paying for video games, collecting them, for the sake of fun, can be a great idea. Trying to "flip" them, notsomuchpal.

This could be a tax evasion scheme. If you are a big company making money and have to write a lot of tax off, you could "buy" an inflated game and then sell at a loss to another company you own and thus not having to pay that loss amount in earnings you made in your current year. I may be mistaken but there could be some of that at play here.

congrats to the genius who lost thousands of dollars on games that can be bought for a dime on Aliexpress

thank you for putting a voice on common sense, which sadly seems Need looking at the comments of so many lost blind souls.

About time

These people forgot that games are meant to be played and not just for display a sealed game is useless to me if I can't open and play it no matter how rare it is

Graded games are just silly. Graded comics are silly. Graded trading cards are silly.

I totally believe the bubble has popped. I've noticed regular games have finally stagnated or gropped in price, I've noticed the rarer games are taking longer to fall.

I went on ebay about a week ago and was astonished at how low most of the games I've been wanting to get have dropped.

👍👍👍❤❤❤🕹🕹🕹

Another great video! Glad to see prices are coming back down from the absolutely absurd highs they had reached. Hopefully this will trickle down to reasonable prices so that we collectors can afford to get the games we actually want to have and appreciate for what they are.

It'll never not be funny seeing speculators losing millions.

I like the review, but the criticism of those who buy and sell for profit as greedy is ridiculous. If the product is worth that much, then people will pay that much, regardless of who the seller is. In fact, the 'scalpers' actually keep pricing down in many fields. Say you want one of these games, and you need to buy it off of another collector instead of a person wants to sell for profit? You'll likely have to offer even more money, since that person wants the item as well, they aren't looking for a profit. This is demonstrated by the fact that if anyone pays $200k for a game, or a concert ticket, or anything from a scalper, where were all the other people with the game or ticket? Clearly they weren't willing to sell theirs for $100k. People wouldn't buy from scalpers, if they were the cheapest option. So the moment all these items are in the hands of collectors who truly do not want to sell, the price goes higher.

They aren't bad people doing bad things. They are offering a service, intending to make a profit, and take the risk of losing, which you clearly illustrate how possible that is. They had no power to force people to pay more than people wanted to pay, they had to lower their prices and take losses. So when they are selling, they are the cheapest source, when they aren't selling, they lower their prices. Yet people love to label this as 'greed'.

I wouldn't call it so much of a bubble, but more of a manipulation of an unregulated market by unscrupulous people.

Hope amiibo prices will fall too. I really wanna buy some missing amiibos but pricing for used ones is too high for my liking -_-

Mario 64 in box should be like 80 bucks. Not thousands!