Heritage Auctions Thread

[GetTheGreg | 105]

For people who can't commit the 2 hours (which I get it, I don't blame you at all) the video does have LOTS of timestamps in the description so you can listen to any specific talking points!

[JeremiahJT | 75]

2 hours ago, Jeevan said:

Says he didn't like the fact that Deniz gave away the private offer info.  Shouldn't have been because it was PRIVATE, and not public.  Says it shouldn't have been used as a benchmark to inflate the game price.  It was PRIVATE for a reason!  **on pawn stars**

 

I never really thought about this being something Deniz should not have done. On one hand if whoever made the private offer confided in Deniz and told him not to make it public then Deniz should have honored that. On the other hand if wanting to keep the offer secret was not explicitly conveyed to Deniz I am not sure he has an obligation to keep it secret.

 

Edit-Of course these private offers having not actually having money change hands could be said to be pointless in assigning value since just because an offer has been made it does not mean the potential buyer would go through with the purchase. Those offers also could have been "shill" offers just to help artificially increase the number on the value estimate.

Edited September 3, 2021 by JeremiahJT

[YOURTURN | 1,257]

21 hours ago, GPX said:

I think it’s about time I ask this, and on behalf of this forum..are you a secret CAS employee/advisor?

Because I could swear I see you mention CAS on more than half your posts! Subtle market manipulation? 

To be honest I love the company because they did one thing right: One of their key members was found guilty of a auction house scandal BEFORE they got into becoming a grading company. That is a very important thing to do if anybody is to be allowed to grade my collectibles. And not during or after, as some companies do things.

Because if they did it while they were preparing to grade my stuff, I would find that be far worse than the fact they have to both inspect and re-case my first two submissions. Which probably was tied to the fact they were moving to a larger location. In either case, they do have somebody there that knew when it was the right time to do an auction house scandal. Which is why I forgave them before FenrirZerogate became a thing.

As for @OptOutgate... I was thinking about him as they have a well known member that resides in Mexico. But he also resides in an area that China considers to be theirs. Which is weird because the United States has two: Canada and Mexico. With Canada residing under Alaska just like Mexico resides under California and a few states that I currently fear to visit. Where I would have called his area China's own Baja California. Then again, I cannot say more than that.

So apologies to the Replicant that we all know, love, admire, adore, and also wonder if @fcgamer is the reason why the Chinese Government did not have a Blade Runner hunt him down. And if my plans to manipulate the market goes as planned, I will use half of the $3.6 million dollars from the graded Phantasy Star Online Ver. 2 sale towards the building of a Heritage Auction/Wata Games brothel.

Because my belief is that if you are going to waste your money knowing that you are going to be fucked, you might as well do just that at the brothel we would own. And yes, you can buy graded porn at the giftshop. Just know that the grades will be on the VHS tapes and we are working on the means of having it on DVD.

[Dumars2001 | 164]

14 hours ago, Crystalis88 said:

There’s a similar thread on the cgc forums and bronty is (indirectly)requesting them to close the thread down. Why is everyone so in love with censorship these days?

Hmm, all this Bronty and Dain talk has got me thinking about the sale of NA, The Carolina Collection and Bronty's sale of his Super Mario Bros. I know that there won't be any tears shed here for Bronty selling his grail Super Mario Bros for a "mere $100,000" (heck, a late print white seal super mario bros just sold for $102,000) to the Heritage people and then it selling for $2,000,000 a couple weeks ago or Dain selling his Carolina Collection for literally pennies on the dollar back in 2018, compared to what his games would sell for these days. 

I just went to Heritage Auctions and looked up the Carolina Collection and those ending prices were basically "nothing," compared to current prices. Today, he could have sold just one of his games from his collection and got the total amount he received from Jeff and the boys back in 2018. His collection is today's market would be worth millions.

I don't know about you guys, but they probably think about this and feel the sting pretty badly every day, when they see these un-godly final sale prices for some of their games today. 

I am still kicking myself for selling my near mint condition first print Genesis Sonic the Hedgehog for $400 ( I bought it for $200 and sold it for $400, so I doubled my return, lol) a few years back. I see that it is already at $144,000 ( I hope it doesn't hit a million, lol) on Goldin Auctions, so I couldn't imagine what they must be thinking about their respective past sales.

Edited September 3, 2021 by Dumars2001

[tidaldreams | 654]

4 hours ago, Jeevan said:

PornPawn Stars

omg i just started watching the video. lmao, you're bad.

[OptOut | 8,892]

15 minutes ago, Dumars2001 said:

hmm, I know that there won't be any tears shed here about Bronty selling his grail Super Mario Bros for a "mere $100,000" to the Heritage people and then it selling for $2,000,000 a couple weeks ago and then Dain selling his Carolina Collection for literally pennies on the dollar, compared to what his games would sell for these days. 

I just went to Heritage Auctions and looked up the Carolina Collection and those ending prices were super low, compared to current time. Today, he could have sold just one of his games from his collection and probably got the total amount he received from Jeff and the boys back in 2019. His collection is today's market would be  worth millions.

I don't know about you guys, but they probably think about this and feel the sting pretty badly every day and they see these un-godly final sale prices. 

I am still really upset that I sold my near mint condition first print Genesis Sonic the Hedgehog for $400 a few years back. I see that it is already at $144,000 on Goldid Auctions, so I couldn't imagine what they must be thinking about their respective past sales.

Yeah, but actually no! Because the grading, sale and hyping of those exact games were the catalyst that propelled the market to its current state. If those games hadn't sold when they had, and if those sales were not promoted in the way they were, none of the present sales we are seeing today would be happening.

Of course, it's kind of a chicken and egg situation, and if HA and WATA didn't have these particular games to pump, they could have found alternative victims to target instead. But in our reality, in our timeline, these are the facts of what happened.

If Dain and Bronty still owned their games right now and never got involved helping WATA pump the market in the first place, their games probably wouldn't be worth anywhere near the values we are seeing today.

[Dumars2001 | 164]

37 minutes ago, OptOut said:

Yeah, but actually no! Because the grading, sale and hyping of those exact games were the catalyst that propelled the market to its current state. If those games hadn't sold when they had, and if those sales were not promoted in the way they were, none of the present sales we are seeing today would be happening.

Of course, it's kind of a chicken and egg situation, and if HA and WATA didn't have these particular games to pump, they could have found alternative victims to target instead. But in our reality, in our timeline, these are the facts of what happened.

If Dain and Bronty still owned their games right now and never got involved helping WATA pump the market in the first place, their games probably wouldn't be worth anywhere near the values we are seeing today.

100% true! So, in their cases, it would have been better, if Heritage found another sealed collector whale to get the market to where it is today and then they unloaded their games now. I know Dain sold his whole collection, but I think Bronty still owns his almost complete Nes sealed collection, so he probably doesn't feel as bad as Dain does today.

I am just assuming that they feel bad, but for all I know, Dain and Bronty are the happiest men in the world today and I hope that they are and everybody on this forum is.

I do love this Denzel Washington's quote below. It really puts it all in perspective for all of us living today.

"You'll never see a U-Haul behind a hearse. Now, I've been blessed to make hundreds of millions of dollars in my life. I can't take it with me, and neither can you. It's not how much you have but what you do with what you have."

Denzel Washington

Edited September 3, 2021 by Dumars2001

[YOURTURN | 1,257]

First off, I truly want to apologize to those I have either confused or offended. It was supposed to be a long-winded tongue-in-cheek response. And also be a distraction from the tongue-between-cheeks relationship both HA and Wata are currently in. With that said, my humor is both older and more British than I am. 

Second off, I want to apologize for the real reason I promote CAS. This is because I want you guys to have options. And not just jump from one hype to another. Because in the end it's your collections and I hate to see anybody here feel like they made a mistake. Which is something I have been experiencing since 2012.

And finally, I relate to how @Dumars2001 felt when it comes to selling a collectible. My experiences for the last 9 years had me do it for reasons similar to why I sold most of my Dragon Quest collection this year. But even then, I have less complaints because up to that point I had no reason to buy any non-import games.

[GPX | 1,374]

3 hours ago, OptOut said:

How is a two hour video too long for people? I have videos rolling pretty much from the moment I wake up to the moment I drunkenly pass out each night, I get through like EASILY 8 hours+ of content per day.

I mainly just listen with it on in the background and get on with whatever else I'm up to, UNLESS there is a bodacious DUDE in a HOT fuckin tankie to distract me, ROWWWWWWWR! 

@Maertens29 

I gotta admit, @Maertens29is not a bad looker. (for a sealed collector)

[GPX | 1,374]

3 hours ago, Maertens29 said:

For people who can't commit the 2 hours (which I get it, I don't blame you at all) the video does have LOTS of timestamps in the description so you can listen to any specific talking points!

Congrats on your early access with @karljobstfor the lengthy interview. Should be win-win for your dedicated viewers. I’ve only seen the first 20 mins during my lunch break, but so far so good. Review for the first 20 mins:

- Karl speaks very well, I’m impressed. And good effort after a bout of   ?bronchitis/Covid19.

- Maertens looks good with a tank top. Knows how to interview using questions that have been regurgitated on this particular thread. I’m glad we can be of your assistance.

[Jeevan | 8,940]

7 hours ago, JeremiahJT said:

I never really thought about this being something Deniz should not have done. On one hand if whoever made the private offer confided in Deniz and told him not to make it public then Deniz should have honored that. On the other hand if wanting to keep the offer secret was not explicitly conveyed to Deniz I am not sure he has an obligation to keep it secret.

 

Edit-Of course these private offers having not actually having money change hands could be said to be pointless in assigning value since just because an offer has been made it does not mean the potential buyer would go through with the purchase. Those offers also could have been "shill" offers just to help artificially increase the number on the value estimate.

I think it was brought up in the video.....this offer could not have existed at all as well.....who knows honestly

[GetTheGreg | 105]

4 hours ago, GPX said:

Congrats on your early access with @karljobstfor the lengthy interview. Should be win-win for your dedicated viewers. I’ve only seen the first 20 mins during my lunch break, but so far so good. Review for the first 20 mins:

- Karl speaks very well, I’m impressed. And good effort after a bout of   ?bronchitis/Covid19.

- Maertens looks good with a tank top. Knows how to interview using questions that have been regurgitated on this particular thread. I’m glad we can be of your assistance.

Hahah I was able to put my hours and hours of reading to good use

[GetTheGreg | 105]

24 minutes ago, Jeevan said:

I think it was brought up in the video.....this offer could not have existed at all as well.....who knows honestly

That's the bigger issue with private offers.  It enters into such a murky world where any kind of statement can be made with no actual proof.

 

Remember the Nintendo PlayStation guy was quoting "private offers" of 1 Million I believe?   It's a quick and easy was to begin anchoring everyone to a price, whether heavily inflated or not.

[Jeevan | 8,940]

43 minutes ago, Maertens29 said:

That's the bigger issue with private offers.  It enters into such a murky world where any kind of statement can be made with no actual proof.

 

Remember the Nintendo PlayStation guy was quoting "private offers" of 1 Million I believe?   It's a quick and easy was to begin anchoring everyone to a price, whether heavily inflated or not.

I didn't realize this was you in the video   Good thing i didn't try to spruce my post up with funnies or whatever.......Anwyay, hope my summary is good enough for ya  

[spacepup | 2,412]

@Maertens29 This is a very good interview, that serves as a great supplement / post analysis and discussion, after the initial video.  For people who are legitimately interested in this issue, I recommend checking it out.  I appreciate the diving into and exploring not only the reasons for the video, but each of your thoughts on some of the individual concerns pointed out.

Honestly, I feel this is a pretty balanced view and discussion of the situation.  I think some people have questioned Karl's motivations, or felt he is out to get attention or to attack WATA and other parties, but I feel he explains his perspective very well in this particular interview and it feels very genuine to me.  

For even the people who have been very defensive of WATA, Heritage, and/or other parties involved, if we take a step back from everything and try to look at ONLY the facts and concerns he presents, I think there is at least SOMETHING in this entire situation, that should change moving forward.

Karl makes it quite clear in this interview, that he was not out to penalize and destroy WATA, and certainly not the individuals involved.  He is pushing for awareness, transparency, and positive change in the industry.  And I honestly think that's something that most of us can agree with.

[captmorgandrinker | 1,650]

8 hours ago, Dumars2001 said:

I am just assuming that they feel bad, but for all I know, Dain and Bronty are the happiest men in the world today and I hope that they are and everybody on this forum is.

Bronty finally got his Contra (Gryzor) art piece, so probably!

[GetTheGreg | 105]

49 minutes ago, Jeevan said:

I didn't realize this was you in the video   Good thing i didn't try to spruce my post up with funnies or whatever.......Anwyay, hope my summary is good enough for ya  

ahah I wouldn't have been offended anyway.  The vibe around here is very good overall and in good fun.  

[Jeevan | 8,940]

34 minutes ago, spacepup said:

@Maertens29 This is a very good interview, that serves as a great supplement / post analysis and discussion, after the initial video.  For people who are legitimately interested in this issue, I recommend checking it out.  I appreciate the diving into and exploring not only the reasons for the video, but each of your thoughts on some of the individual concerns pointed out.

Honestly, I feel this is a pretty balanced view and discussion of the situation.  I think some people have questioned Karl's motivations, or felt he is out to get attention or to attack WATA and other parties, but I feel he explains his perspective very well in this particular interview and it feels very genuine to me.  

For even the people who have been very defensive of WATA, Heritage, and/or other parties involved, if we take a step back from everything and try to look at ONLY the facts and concerns he presents, I think there is at least SOMETHING in this entire situation, that should change moving forward.

Karl makes it quite clear in this interview, that he was not out to penalize and destroy WATA, and certainly not the individuals involved.  He is pushing for awareness, transparency, and positive change in the industry.  And I honestly think that's something that most of us can agree with.

agreed!  That was my take on it for the most part, that he just wanted to bring transparency to the whole thing!

[Guest]

@karljobst needs to start an Offspring tribute band. To me, killer resemblance.

[CodysGameRoom | 2,008]

I just feel like WATA are supposed to be GRADING experts. Not VALUE experts. So why was someone from WATA called in to be an expert in the VALUE of a game, when they are supposed to be GRADERS? I don't think WATA should have anything to do with a game's value, only it's condition, and whatever dumb rule they have about charging a portion of the game's perceived value to grade it is asinine. 

[Guest]

3 minutes ago, CodysGameRoom said:

I just feel like WATA are supposed to be GRADING experts. Not VALUE experts. So why was someone from WATA called in to be an expert in the VALUE of a game, when they are supposed to be GRADERS? I don't think WATA should have anything to do with a game's value, only it's condition, and whatever dumb rule they have about charging a portion of the game's perceived value to grade it is asinine. 

Makes sense, separation of duties.

[AdamW | 713]

4 hours ago, Jeevan said:

I think it was brought up in the video.....this offer could not have existed at all as well.....who knows honestly

I doubt that, because that would've been one of the relatively few things you can say on a "reality" TV show that actually could get you into trouble, I think possibly with both the FCC and FTC. I'd be really surprised if he'd said that knowing it to be absolutely false.

[AdamW | 713]

1 hour ago, CodysGameRoom said:

I just feel like WATA are supposed to be GRADING experts. Not VALUE experts. So why was someone from WATA called in to be an expert in the VALUE of a game, when they are supposed to be GRADERS? I don't think WATA should have anything to do with a game's value, only it's condition, and whatever dumb rule they have about charging a portion of the game's perceived value to grade it is asinine. 

This doesn't seem as odd to me as it does to you. I mean, if you get a gemstone assessed, the same person will decide if it's genuine, weigh it, grade it, and then give you an estimate of its price (and then, possibly, offer to buy it off you). If you get your house assessed, the same person will come and count the bedrooms and check if the roof's falling off and give an estimate of the price. They don't have separate people for each function. They're pretty related functions.

Those aren't perfect comparisons, of course, and there are "checks and balances" in those cases that don't necessarily exist in games yet, but I don't find the very concept that the same person might both grade and value an item weird.

[osg | 52]

11 hours ago, JeremiahJT said:

Of course these private offers having not actually having money change hands could be said to be pointless in assigning value since just because an offer has been made it does not mean the potential buyer would go through with the purchase. Those offers also could have been "shill" offers just to help artificially increase the number on the value estimate.

This is something that's been going on for well over a decade, and I've never liked it. Someone will make a public post saying that the last sale a few months ago was, say, 200 bucks. Someone made a private offer on my copy for 300 bucks. I didn't want to sell, but that was a couple months ago and we haven't seen any new copies for sale since so now it must be worth 400 bucks. Just like that, a game's value has doubled and nothing has happened. Just feels icky.

[CodysGameRoom | 2,008]

27 minutes ago, AdamW said:

This doesn't seem as odd to me as it does to you.

Color me shocked.

27 minutes ago, AdamW said:

If you get your house assessed, the same person will come and count the bedrooms and check if the roof's falling off and give an estimate of the price. They don't have separate people for each function. They're pretty related functions.

I'm not too familiar with the gemstone example. But I will say, the comparison to an assessor is lame. I just sold my house in June. The assessor came, looked around, and left very quickly. I doubt they were there 15 minutes. But it was the INSPECTOR who spent literal hours inside my house, looking at the fine details, trying to find every flaw. I'd say that is much closer to WATA's functionality. But if you asked an house inspector to give a value on your house, there is zero chance they'd even try. 

I still think its a clear conflict of interest to be both determining the condition of a game, and then giving estimates for its value. You're free to disagree of course, because it's just my opinion. 

 

27 minutes ago, AdamW said:

I don't find the very concept that the same person might both grade and value an item weird.

I will say this. I could agree with this statement. However, in this specific example, WATA should be more transparent. If they are going to do both, then put that out there into the world. Don't put all the emphasis on grading it. 

 

Edit: Like honestly, I can find almost nothing on their website talking about value. Except when discussing the cost of getting a game graded.

Edited September 3, 2021 by CodysGameRoom