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Gulag Joe

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Posts posted by Gulag Joe

  1. 1 minute ago, OptOut said:

    I'm not really bothered, I'm just feel kinda... pity? I guess? You have clearly invested a lot in this, whether it be emotional, financial, whatever. It is just a little sad to see, you are one of their victims too, clearly.

    I’ve never bought a graded game in my life. I’m an OG sealed collector. Hey, at least we are good content creators on VGS. This is a “hot thread”!

    • Like 1
    • Agree 1
  2. 10 minutes ago, OptOut said:

    You're just talking to yourself at this point dude. How many times do you need to tell yourself this to make you feel better? And, more to the point, WHY? Isn't it obvious that the damage has already been done. Do you really think sealed prices are going to bounce back to where they were after this?

    Why do my words bother you so much? You can use your posts to hate on Wata and the hobby all you want. I’m going to continue to spread positivity. Now say it with me: nothing is going to happen!

    • Haha 2
  3. For the racketeering, the plaintiffs will have to prove that their games were intentionally held indefinitely so Wata could sell other, similar games for the high amounts. I think the only remote way for this to work is if one of them had, for example, Tecmo Bowl, which sold for $144k. And then the next one sold for half that amount. But because Wata held on to their game for so long, the plaintiff couldnt capitalize on the sale of their game because wata wanted to sell their own game first.

     

    Sounds even clearer that nothing is going to happen.

  4. 10 minutes ago, CIB_Wholesale said:

    United States District Court, Central District of California, Southern Division. Case no. 8:22-cv-00967-DOC-KES

     

    July 28, 2022 Filing 31 TEXT-ONLY ENTRY - RECEIVED Notice of Receipt of Electronic Case Transfer from District of Colorado, 1:22-cv-01873 filed 7/28/2022. (rolm)

    Last action was over a year ago. CU had the case moved to Colorado likely because the charges were prior to CU’s acquisition of wata. Sounds like nothing is going to happen other than maybe 3 dudes will get their money back for inaccurate turnaround times on grading. Hey my games took more than a year to grade too, maybe I need to sue!

  5. CU has been sued for market manipulation a hundred times over. Remember awhile back some guy on here and Reddit said he was a lawyer and was going to start a lawsuit to sue them and it got tons of traffic and millions of views? Those threads have since been deleted. Anyway, these types of accusations are nothing new, and CU is undefeated. Let’s wait and see if there’s a docket for this, but I will bet my sealed Al Unser Jr Turbo Racing that nothing is going to happen.

    here’s the link to one of those old substacks that has the now deleted Reddit post- https://retrostack.substack.com/p/breaking-news-a-federal-class-action

     

    IMG_3699.jpeg

    • Haha 1
  6. 23 hours ago, Chaos Control said:

    Whoah!! I knew that this one and both editions of FIFA 19 were the rarest non limited edition retail releases but did this sale actually happen, or was it re-listed? 

    It was delisted and then I think it sold for $600. Or maybe $400

    • Like 1
  7. 11 minutes ago, CIB_Wholesale said:

    what perverted investments, get the gunk games, and puke and ian get wrong is that the sealed market is very very small. most of it is owned by rb and anything that happens to the market would also happen to rb

    all you have to do is ask him. 'did you get 10x offers from years previous in the last 5 years?' the answer might surprise you

     

    sort of like saying: lets talk about basketball in the 90s but dont mention the bulls at all

    let me draw you a picture

     

     

    asdfasdfasdfasdvvbasdfewerasr.png.3961c989468704e4405ffa48b46cdf46.png

    Puke and Ian be like

    IMG_3379.jpeg

  8. 27 minutes ago, a3quit4s said:

    For sellers yes, for buyers not so much who get to pay a premium just for the privilege of buying overpriced games

    We don’t have to care about those buyers because they choose to be uninformed. Buy from eBay, sell on HA

  9. 6 hours ago, CIB_Wholesale said:

    correct. terms like profit, revenue, gross sales, sales, refferal fees, and commissions are being  misused

    terms like expenses, advertising fees, costs, marketing, parent company are being  omitted

     

     

    dont forget the sage advice from the great oracle: it only takes 2 people to determine a price

     


     

    HA > ebay

    • Haha 1
  10. 1 hour ago, jonebone said:

    Heritage is not indicative of fair market value, ebay is a better pace of that.  HA is just much more volatile with more uninformed bidders.  All collectors use ebay.  Many collectors do not go after HA items and it is more reflective of speculators and investors. 
     

    Make more money selling through HA than eBay.

    • Sad 1
  11. 2 minutes ago, jonebone said:

    PC is speculative.  I sold a raw that was probably about 80+ a couple months back at auction for $350ish?  $400-$500 is fair value of an 80+ yes.

    I think either people get excited at Heritage auctions, or the buyers in those auctions are simply a different demographic and have no time to waste on peasant eBay auctions.

  12. 6 hours ago, Code Monkey said:

    Sure..........that's the definition of peak. If they didn't decrease in value, it wouldn't have been a peak.

    People here don't seem to realise why the values rose. Sure it had some to do with Covid but the real reason is the extra disposable income that arose from the Bitcoin halving. I've said this before, every 4 years Bitcoin goes through a halving process which causes miners to receive half of the amount of Bitcoin they did for the previous 4 years. This causes a scramble to purchase it and cryptocurrency explodes from all the purchasing, it happened in 2016, 2020 and it will happen again in 2024. Each time the halving occurred, Bitcoin jumped by a multiplier of about 2.5 which means next year when Bitcoin halves and makes another run, video game prices will once again explode and you'll see another 2 million dollar Mario game sale.

    If you want to guarantee a triple on your investment, put everything you can into Bitcoin for the next 1-2 years.

     

    IMG_3278.jpeg

    • Haha 1
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