DoctorEncore | 3,693 Posted August 13, 2020 Share Posted August 13, 2020 If you thought prices were getting ridiculous before, well now you can join 3,000 of your closest friends and contribute to the problem by purchasing a 1x1cm square of SMB for $50. I didn't see this story posted anywhere, but this is certainly interesting. Apparently there is a company called Rally that buys collectibles and then sells shares in the item (it's slightly more complicated than that, but you get the point), hosts a marketplace for those shares, and then resells the item at a later date if a lucrative opportunity arises. https://arstechnica.com/gaming/2020/08/investment-platform-pays-record-140000-for-sealed-super-mario-bros/ Anyone interested? 1 Link to comment https://www.videogamesage.com/forums/topic/4827-sealed-smb-sold-for-140000-to-crowdfunding-investment-company/ Share on other sites More sharing options...
DefaultGen | 5,970 Posted August 13, 2020 Share Posted August 13, 2020 This is a fantastic investment. If they sell $150,000 of “shares” to “investors” they’ll have $150,000 AND the Mario game. Win/win! 1 1 Link to comment https://www.videogamesage.com/forums/topic/4827-sealed-smb-sold-for-140000-to-crowdfunding-investment-company/#findComment-110835 Share on other sites More sharing options...
TylerBarnes | 184 Posted August 13, 2020 Share Posted August 13, 2020 I'll buy my 1x1cm share only if they cut me off my piece. 1 Link to comment https://www.videogamesage.com/forums/topic/4827-sealed-smb-sold-for-140000-to-crowdfunding-investment-company/#findComment-110836 Share on other sites More sharing options...
a3quit4s | 4,545 Posted August 13, 2020 Share Posted August 13, 2020 Wata Games President Deniz Kahn said in a statement. "This is the 1-of-1 highest graded copy of Super Mario Bros. in existence, considered by many collectors to be the ‘Holy Grail’ of the hobby. It’s the Action Comics #1 of video games." Deniz has been kidnapped and replaced with a clone of GoCollect Jim 3 1 6 2 Link to comment https://www.videogamesage.com/forums/topic/4827-sealed-smb-sold-for-140000-to-crowdfunding-investment-company/#findComment-110842 Share on other sites More sharing options...
O.G. CIB | 423 Posted August 13, 2020 Share Posted August 13, 2020 (edited) A fifth print for how much???? Pump and dump just like the dot com boom. Edited August 14, 2020 by Mr. CIB 1 Link to comment https://www.videogamesage.com/forums/topic/4827-sealed-smb-sold-for-140000-to-crowdfunding-investment-company/#findComment-110843 Share on other sites More sharing options...
ThePhleo | 2,309 Posted August 13, 2020 Share Posted August 13, 2020 What a great scam. Like @DefaultGen you get a paid to sell a virtual portion of the collectible, and you still have the collectible in your vault. It's a win-win if you find enough idiots. I think I passed by a place that does this kind of thing for artwork by the Lincoln Tunnel in Manhattan yesterday. I was literally thinking about this for other collectibles. Link to comment https://www.videogamesage.com/forums/topic/4827-sealed-smb-sold-for-140000-to-crowdfunding-investment-company/#findComment-110849 Share on other sites More sharing options...
Richardhead | 2,997 Posted August 13, 2020 Share Posted August 13, 2020 I’ve spent $50 on worse things. I won an auction for Howard the Duck CIB for the Commodore 64 earlier this week for $61. I don’t even have a fucking Commodore 64. 3 7 Link to comment https://www.videogamesage.com/forums/topic/4827-sealed-smb-sold-for-140000-to-crowdfunding-investment-company/#findComment-110853 Share on other sites More sharing options...
DefaultGen | 5,970 Posted August 13, 2020 Share Posted August 13, 2020 (edited) The terms and conditions of this site are WILD. The best bits are hidden in the SEC filings too. This is a huge scam, lmao. Here are some good bits actually on the site: An investment in an Offering constitutes only an investment in that Series and not in the Company or directly in any Underlying Asset. There is currently no trading market for our securities. An active market in which investors can resell their Interests may not develop. There is substantial doubt about our ability to continue as a going concern Members of the expert network and the advisory board of the Manager are often dealers and brokers so may be incentivized to sell the Company their own collectibles at potentially inflated market prices. No shit The best bits from the dense and labyrinthine SEC filings are the fees, all conveniently missing from the website itself. Besides the plethora of sourcing fees (presumably the bonus $10,000 on top of the Mario price), you get to pay all these operating expenses out of your shares. And any free cash flow above and beyond the operating expenses, half of that gets paid to the asset manager twice a year! Boy it sure sounds better to OWN a real asset than to "OWN" a fractional share of a "series of interests specific to one or more collectible underlying assets"! Edited August 13, 2020 by DefaultGen 2 2 2 2 1 Link to comment https://www.videogamesage.com/forums/topic/4827-sealed-smb-sold-for-140000-to-crowdfunding-investment-company/#findComment-110855 Share on other sites More sharing options...
Tulpa | 3,771 Posted August 13, 2020 Share Posted August 13, 2020 Back on NA I once (jokingly) floated the idea of a "community Stadium Events," where people could pay into a pot, the game sat in a safe deposit box somewhere, and everyone who paid in could claim the game for their collection. I never thought someone would actually come up with a variation of that idea that's even more fucked up. 1 5 Link to comment https://www.videogamesage.com/forums/topic/4827-sealed-smb-sold-for-140000-to-crowdfunding-investment-company/#findComment-110857 Share on other sites More sharing options...
Richardhead | 2,997 Posted August 13, 2020 Share Posted August 13, 2020 2 minutes ago, DefaultGen said: The terms and conditions of this site are WILD. The best bits are hidden in the SEC filings too. This is a huge scam, lmao. Here are some good bits actually on the site: An investment in an Offering constitutes only an investment in that Series and not in the Company or directly in any Underlying Asset. There is currently no trading market for our securities. An active market in which investors can resell their Interests may not develop. There is substantial doubt about our ability to continue as a going concern Members of the expert network and the advisory board of the Manager are often dealers and brokers so may be incentivized to sell the Company their own collectibles at potentially inflated market prices. No shit The best bits from the dense and labyrinthine SEC filings are the fees, all conveniently missing from the website itself. Besides the plethora of sourcing fees (presumably the bonus $10,000 on top of the Mario price), you get to pay all these operating expenses out of your shares. And any free cash flow above and beyond the operating expenses, half of that gets paid to the asset manager twice a year! Boy it sure sounds better to OWN a real asset than to "OWN" a fractional share of a "series of interests specific to one or more collectible underlying assets"! I trust your investment advice ALOT! Do you think it was a wise investment to get a Howard the Duck C64 cib? I’m hoping to flip it for thousands. Thanks In advance. Link to comment https://www.videogamesage.com/forums/topic/4827-sealed-smb-sold-for-140000-to-crowdfunding-investment-company/#findComment-110858 Share on other sites More sharing options...
Code Monkey | 2,244 Posted August 13, 2020 Share Posted August 13, 2020 A 1x1 square? Theoretically they can sell infinite slices of the square since the item is 3 dimensional and they're only selling you a 2 dimensional portion of it. This is a stab at people that consistently confuse a square with a cube. 4 Link to comment https://www.videogamesage.com/forums/topic/4827-sealed-smb-sold-for-140000-to-crowdfunding-investment-company/#findComment-110859 Share on other sites More sharing options...
DefaultGen | 5,970 Posted August 13, 2020 Share Posted August 13, 2020 1 minute ago, Richardhead said: I trust your investment advice ALOT! Do you think it was a wise investment to get a Howard the Duck C64 cib? I’m hoping to flip it for thousands. Thanks In advance. IMO you should have hedged your risk by creating an offering issuing membership interests in a series of an LLC that segregate assets, liabilities, profits and taxes pertaining to the underlying asset. If you're being prudent that is. Link to comment https://www.videogamesage.com/forums/topic/4827-sealed-smb-sold-for-140000-to-crowdfunding-investment-company/#findComment-110860 Share on other sites More sharing options...
arch_8ngel | 1,597 Posted August 13, 2020 Share Posted August 13, 2020 11 minutes ago, Tulpa said: Back on NA I once (jokingly) floated the idea of a "community Stadium Events," where people could pay into a pot, the game sat in a safe deposit box somewhere, and everyone who paid in could claim the game for their collection. I never thought someone would actually come up with a variation of that idea that's even more fucked up. Evidently you missed out on a whopping 50% management fee Link to comment https://www.videogamesage.com/forums/topic/4827-sealed-smb-sold-for-140000-to-crowdfunding-investment-company/#findComment-110862 Share on other sites More sharing options...
Tulpa | 3,771 Posted August 13, 2020 Share Posted August 13, 2020 3 minutes ago, arch_8ngel said: Evidently you missed out on a whopping 50% management fee That and replace "safe deposit box" with "my collection." 1 Link to comment https://www.videogamesage.com/forums/topic/4827-sealed-smb-sold-for-140000-to-crowdfunding-investment-company/#findComment-110863 Share on other sites More sharing options...
DefaultGen | 5,970 Posted August 13, 2020 Share Posted August 13, 2020 Another weird thing in the disclaimer: Quote Membership Interests offered under Rule 506(c) are being offered and sold only to “accredited investors” within the meaning of Rule 501 of Regulation D under the Securities Act, pursuant to the Memorandum and related subscription documents. Individuals are accredited investors only if they meet certain minimum net worth or sustained annual income thresholds. Entities are accredited investors only if they hold assets of at least $5 million or are completely owned by accredited investors. Other membership Interests are being offered and sold to “qualified investors” under Tier II of Regulation A under the Securities Act, pursuant to an Offering Circular as qualified by the SEC. So their business model is essentially set up so college kids can own a piece of the dream, no doubt their target audience, but legally only millionaires can actually buy a $50 piece of a copy of Super Mario Bros. Cool. 2 Link to comment https://www.videogamesage.com/forums/topic/4827-sealed-smb-sold-for-140000-to-crowdfunding-investment-company/#findComment-110864 Share on other sites More sharing options...
RH | 5,429 Posted August 13, 2020 Share Posted August 13, 2020 I'd almost bet money that two years after all the shares are sold, this thing is "stolen". Link to comment https://www.videogamesage.com/forums/topic/4827-sealed-smb-sold-for-140000-to-crowdfunding-investment-company/#findComment-110866 Share on other sites More sharing options...
Richardhead | 2,997 Posted August 13, 2020 Share Posted August 13, 2020 19 minutes ago, DefaultGen said: Another weird thing in the disclaimer: So their business model is essentially set up so college kids can own a piece of the dream, no doubt their target audience, but legally only millionaires can actually buy a $50 piece of a copy of Super Mario Bros. Cool. Jesus. I’m only allowing VGS members a piece of Howard the Duck. Rich, poor, stupid, redneck. Anyone want a piece? PM me. Only $25 a share and there’s 100s to be had. I’m keeping it at my place though. 3 Link to comment https://www.videogamesage.com/forums/topic/4827-sealed-smb-sold-for-140000-to-crowdfunding-investment-company/#findComment-110867 Share on other sites More sharing options...
ThePhleo | 2,309 Posted August 13, 2020 Share Posted August 13, 2020 (edited) 47 minutes ago, Tulpa said: Back on NA I once (jokingly) floated the idea of a "community Stadium Events," where people could pay into a pot, the game sat in a safe deposit box somewhere, and everyone who paid in could claim the game for their collection. I never thought someone would actually come up with a variation of that idea that's even more fucked up. I’ll put up my copy so Let’s start it up! I’ll open an LLC, make 1000 shares of the company, and sell them for $50 a pop. Of course the corporation will have to have a physical location so we’ll make it at my house to keep costs low and I’ll only charge the corporation a small fee....then the corporation needs a CEO and I’ll be willing to take minimum wage......so $50,000 over $10/hr min wage plus a modest $1000/mo for office space allows for almost two years of uninterrupted operation! ...oops company is bankrupt, gotta liquidate all assets to pay past debts. Did I mention that the corporation took out a loan to purchase the item from the CEO? Well oops yeah he owns it now since we can’t pay the loan back,....ok wait that’s me! Maybe we can delay the inevitable by opening up an unsecured unmonitored and untraceable app marketplace where you can sell your shares and we only take a 10% cut out of each share sold for administration! When the value of the game goes up, your share is worth more! It’s like bitcoins only even LESS secure Edited August 13, 2020 by ThePhleo 2 3 Link to comment https://www.videogamesage.com/forums/topic/4827-sealed-smb-sold-for-140000-to-crowdfunding-investment-company/#findComment-110868 Share on other sites More sharing options...
DoctorEncore | 3,693 Posted August 13, 2020 Author Share Posted August 13, 2020 59 minutes ago, Code Monkey said: A 1x1 square? Theoretically they can sell infinite slices of the square since the item is 3 dimensional and they're only selling you a 2 dimensional portion of it. This is a stab at people that consistently confuse a square with a cube. Infinite slices = Infinite shares We'll all make a fortune! 1 1 Link to comment https://www.videogamesage.com/forums/topic/4827-sealed-smb-sold-for-140000-to-crowdfunding-investment-company/#findComment-110872 Share on other sites More sharing options...
JamesRobot | 6,274 Events Team · Posted August 13, 2020 Share Posted August 13, 2020 5 Link to comment https://www.videogamesage.com/forums/topic/4827-sealed-smb-sold-for-140000-to-crowdfunding-investment-company/#findComment-110875 Share on other sites More sharing options...
jonebone | 1,336 Posted August 13, 2020 Share Posted August 13, 2020 Just when you think the prices and hobby can't get any nuttier... And I thought Facebook raffles were bad! Link to comment https://www.videogamesage.com/forums/topic/4827-sealed-smb-sold-for-140000-to-crowdfunding-investment-company/#findComment-110877 Share on other sites More sharing options...
Reed Rothchild | 10,083 Editorials Team · Posted August 13, 2020 Share Posted August 13, 2020 I got it! Video game timeshares. You're all allowed to come over and play my games for 4 days a year, for a one time fee-I mean investment, and some small quarterly fees for upkeep. Weekends are an upgrade that costs a bit extra. 2 2 Link to comment https://www.videogamesage.com/forums/topic/4827-sealed-smb-sold-for-140000-to-crowdfunding-investment-company/#findComment-110879 Share on other sites More sharing options...
Tulpa | 3,771 Posted August 14, 2020 Share Posted August 14, 2020 14 minutes ago, jonebone said: And I thought Facebook raffles were bad! Oh, God, I remember those, and when NA blew up over a couple of them. Link to comment https://www.videogamesage.com/forums/topic/4827-sealed-smb-sold-for-140000-to-crowdfunding-investment-company/#findComment-110881 Share on other sites More sharing options...
a3quit4s | 4,545 Posted August 14, 2020 Share Posted August 14, 2020 26 minutes ago, Reed Rothchild said: I got it! Video game timeshares. You're all allowed to come over and play my games for 4 days a year, for a one time fee-I mean investment, and some small quarterly fees for upkeep. Weekends are an upgrade that costs a bit extra. Is that new game room done yet? If not I’m buying into @Archon 1981 timeshare Link to comment https://www.videogamesage.com/forums/topic/4827-sealed-smb-sold-for-140000-to-crowdfunding-investment-company/#findComment-110885 Share on other sites More sharing options...
TheBiRD | 137 Posted August 14, 2020 Share Posted August 14, 2020 2 hours ago, Richardhead said: I’ve spent $50 on worse things. I won an auction for Howard the Duck CIB for the Commodore 64 earlier this week for $61. I don’t even have a fucking Commodore 64. An investment 1 Link to comment https://www.videogamesage.com/forums/topic/4827-sealed-smb-sold-for-140000-to-crowdfunding-investment-company/#findComment-110886 Share on other sites More sharing options...
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