Karl jobst has just released a documentary about the shady dealings going on in game collecting which has resulted in game prices being heavily inflated allegedly by the game grading company wata games and the auction house heritage auctions. Auction and grading companies face fraud allegations over high retro game prices.
It's a brave stance but insanely stupid.
Video game auction fraud. The clip alleges that this is due to market manipulation and insider dealing at game grading company wata games. Following on from yesterday’s accusations about “ fraud and deception” in the retro video game market, a heritage auctions spokesperson has now issued a statement. A recent surge in the value of retro nintendo video game cartridges is allegedly the result of fraud by grading company wata games and collectibles auction company heritage auctions, according to one journalist’s exposé.
In his video, jobst sums up the situation like this: “so what you have here is the chairman of the auction house buying a game for a record price, and then creating a press release about his own purchase, in which himself and the president of the grading company are stating that the value of games is going up. It “strongly refutes” allegations of its involvement in shill bidding.
Rgw20014life, kruis, clem84 and 1 other person. In 2019, it sold for over $100,000. So the grading company and auction house worked together to try to boost auction prices.
Auction house worked with a grading company to pump up video game auction prices. All year long, mint copies of vintage games like the legend of zelda and the original super mario bros. This isn't a washed up 80's video game player that he is going up against this time.
Exposing fraud and deception in the retro video game market ignored exposing fraud and deception in the retro video game market. Report blames surging retro game auction prices on fraud. We've completed a tech update with changes to thread prefixes, copy and paste support, the way posters can insert tables, and more!
It's a auction company that sold $850 million dollars worth of items in 2017 alone. Record breaking prices for rare or historically important video games may be a result of collusion between an auction house and a games grading company, alleges a new report. This company can crush him.
Collusion and dishonesty to manipulate the market for personal profit. And a new video documentary claims. Having sold a separate super mario bros.
Have been selling at auctions for millions of dollars, shattering. Selling for $2 million this month. A new video claims to expose fraud and deception in the secondary market for classic video games.
A post on vgc summarizes the key points. Recent sales of retro games for insane prices were essentially a marketing effort for a video game grading service and auction house. Pretty much zero evidence of actual fraud and deception so regardless of the some of the interesting points in this video, the clickbait title just comes across to me as typical trashy youtube content.
Interesting video on the high end rating and auction scene going on, but particularly interesting as it touches on na, dain, and gocollect:. A new report alleges fraud in the grading and auction process which has seen a recent surge in retro game auction prices, most notably leading to a copy of super mario bros. It effectively charges auction houses, game graders, and certain collectors with conspiring to manufacture a retro game bubble and get rich in the process.
To the extent that the owner of the auction house bought a game for 100k to basically write a press release about it to hopefully create a speculative bubble. Having set up in 2018, wata's often considered an authority in video game grading, providing collectors a numerical grade depending on their quality. Heritage auctions responds to allegations of “fraud and deception in the retro video game market”.
I enjoyed the video and hope him the best but he really needs to be more careful. Guy behind the auction house did the exact same thing with coins back in the '80s. Following on from yesterday's accusations about fraud and deception in the retro video game market, a heritage auctions spokesperson has now issued a statement.
It's all alleged at the moment but the evidence is pretty.