vb337

I posted a list of six intelligent questions yesterday that were mostly ignored because they didn't suit your incredibly narrow view of the situation. I didn't need to resort to posting memes. But I'm done talking to little idiots like you anyway. I'll see myself out.

My goodness, the amount of confirmation bias in these comments is astounding. The jaded collectors who are ready to take the Youtuber's word as gospel should really look at a list of common logical fallacies and try to improve your debating skills.

You don't think there's a legitimacy difference between one of the biggest auction companies in the world and some guy on the internet?

Wouldn't the Collector's Universe group have done their due diligence before acquiring WATA, PSA, and/or Goldin? These folks are far smarter and more well-versed in the business world than you or me. In a world where "alternative asset" prices have skyrocketed across the board, is it really that surprising that a culturally relevant category like video games followed suit? Why would Heritage risk their reputation doing shady shit when video games make up a TINY percentage of their overall sales? Why didn't the Youtuber ask either Heritage or WATA for comment? That's investigative journalism 101. If the trio bid $100,000 for the game, doesn't that mean there was another bidder willing to pay one bidding increment below that? Same question for the 1.5 million M64 sale. Do gamers understand the difference between marketing and market manipulation? What are these people supposed to say? "Hi I'm Deniz and I think graded games are a terrible investment. That Mario belongs in the trash"

This is the economic principle of reflexivity at work (wiki: reflexivity refers to the self-reinforcing effect of market sentiment, whereby rising prices attract buyers whose actions drive prices higher still until the process becomes unsustainable). I don't know when the process will become unsustainable. It could be six months. It could be 50 years. I don't see it happening while video games are such a significant part of the cultural zeitgeist. The new buyers entering the video game market include large financial institutions and billionaires. These recent prices, which seem unfathomable to gamers, are a drop in the ocean to these folks.

Great stuff. PM sent.