Sealed Video Game CRASH Continues
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- Опубликовано: 8 сен 2024
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The sealed video game market continues to crash, with some games losing $100,000+ of valuation in a year or less.
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78k for tecmo bowl? I want whatever drugs those buyers are on.
As a recovering heroin and crack addict... These muppets SHOULD get into those drugs... It will cost less! 😂
Crypto and Sealed Games both in free fall…. Ahhh what a great time to be alive!
The graded game scene has been over run with speculators from other hobbies, but things will eventually stabilize when enough of them get burned and exit the market.
that, my friend, is the true meaning of capitalism!
In hindsight, did they really believe the market would continue to explode? This was never going to sustain itself. The more the prices got out of control, the more they limited their buyer audience. I remember 2 years ago some investors I spoke with in both sealed games and Pokémon cards laughed at me when I said this couldn’t sustain itself, “this is never going to fall” they said.
Your wrong, the market is here to stay so get bent, I sunk over a million in games, they better go back up in value or I am gonna legally go after pat for millions
@@cobrakai9969 You're right. Any collecting hobby will always be limited the amount of money a real fan and someone passionate about the product is willing to spend. At the end of the day, someone has to want the thing because they want the thing. If you're only buying it to sell it to someone for more, it will inevitably fail.
@@juliedunken1150 😆 🤣
it's hard to feel bad for people who lost money doing this because they obviously had no interest in playing the games, they only wanted to snatch the games away from people who did want to play them and see how much money they were willing to pay to get it back
no one us buying sealed games and opening them why would you ever do that when you could buy an opened one the sealed games now are never ever going to be played
Funniest thing about sealed games is that the chips in the carts will age out and die and you'll have no idea... what makes the game worth anything if it has never functioned as a game and might never function as a game? If it's not valuable because it's a game, why is it valuable? Ah, right- it's not.
@@johnr.1592 yes, you're right, its not valuable, except for its insanely high value. And the insanely high value of old sealed toys as opposed to loose ones. Or comics. yeah theres no value in a sealed ninja turtle unless, at 50 , I open it up and play pizza part with them in my bed. Lol
@@FlyingSoloRPG The key comic books from the 1960s and especially earlier are valuable because they're made from an incredibly fragile and hard to care for material. The toys inside the blister cases are still definitely brand new with all the accessories intact... The condition grading of both those products is related to the owner's ability to use them for their intended use.
The chips inside of cartridges will age out and stop working. The cartridges themselves will survive a nuclear blast, and there's hundreds of thousands to millions of them
They will cease to function, and the cellophane (which "increases" the value) will cover up the cartridge's lack of ability to be used for its original purpose: to be a software delivery mechanism.
Sealed games are bullshit.
Do you know anyone who was going to buy a sealed copy of Final Fantasy for thousands of dollars so they could play it?
As you mentioned, my favorite part is how cheap these games were a few years ago. Some of these garbage NES or Atari games could be had sealed for anywhere from $10-$50 depending on the title. Suddenly, sealed collector's want people to believe they're worth $10,000+ 😂
Obviously they're incredibly rare gems no matter what game. You know, because they have plastic on the cardboard.
I could never see myself paying more than $25 for a CIB copy of Tecmo Bowl. I don't understand how anyone would want to pay more than $200 for it sealed. The prices are fucking bonkers, and it's good to see them come back down to earth.
Bought F-Zero years ago at MAGFest for like 5 dollars. The vendor said "If you wanna throw in an extra 35 bucks I'll give ya a sealed one. You can open it in your hotel room like Christmas 1991!" Comical how crazy this world has gotten.
@@_NoDrinkTheBleach I wouldn't by tecmo for more than 25 cents
There's something oddly therapeutic about seeing Miz realize he overpaid for the majority of his sealed collection.
Especially knowing what we know now.
I read this comment before watching the video and thought the wrestler screwed himself.
Ahh such sweet schadenfreude to see some rich streamer get burned “investing” in graded sealed video games
😌
Because people with too much money (who arguably have no business having that money to begin with) acting like fools with their purchases is inherently kind of funny.
Its the best
Uh oh, I guess this means Mad Dog is going to be making a new video soon.
Also that guy's screaming reaction to the auction result was incredible 😂
Where I come from there is a saying... it says when some one talks bollocks they are " full of mad dogs shite "....
Funny the guy has same name
Sure thing. He removed the jobst pat video too
That was the first thing that came to my mind as well, lol.
What I find amusing is that MadDog thought he was going to sway the market with his fricking video. All he did was hand matches to everyone, and pour gas on himself. Hubris and clout are a bitch.
That 180k drop on Final Fantasy is crazy! I would hate to be the idiot that bought it.
He's probably a hedge fund manager and just laughed it off.
@@ObsessedCollector An L is still an L.
@@ObsessedCollector nobody ever laughed after losing that much money; this is real life, not a cartoon.
@@CuCuz305 it's called a tax write off.
@@ObsessedCollector not if the money they used to buy it has already been taxed either income or capital gains from selling off stocks, crypto or real estate. And even if they bought it as part of some fractional investment company the loss in value would go into the books if they sold it at the new lower price, then they could use that loss to reduce their taxable income. But even for some hedgefund billionaire losing that big a percentage on a pocket change investment is an embarrassment because of the opportunity cost where that money could have been sitting in an ETF and adding to their wealth. The whole reason millionaires dabble in speculative markets is score a few highly profitable short term flips from an unregulated market. If that endeavor tanks like that they’ve lost not only money but also time.
Those prices are insane. For context, for what someone paid for that 1080 Snowboarding 9.6, they could've gotten a Giant Sized X-Men 9.2 (1st appearance of Storm, Nightcrawler, Colossus, & more) with $1,500 to spare. That Mario Bros 9.6 could've gotten an Amazing Fantasy 15 7.5 (1st Spider-Man). Absolutely insane.
Even better, they could have gotten out of debt with a rainy day fund
@@cpagz9763 I do. Just bought one the other day.
This makes me so happy I only buy/collect games I like and want to play and I definitely don’t keep them sealed.
Same here
Maybe it's just schadenfreude, but these are my favorite videos, hands down. Clicked for "SseeeeeeeeeeeaaalllllleeeeD." Not disappointed.
14:12 here we go 🤤
Same. I started watching this channel to learn about the Chameleon back in the day, and drifted off after that debacle ended. But then with the Amico and now the crypto-market crashing taking down the video game investor market has kept me interested.
I have a sealed Tecmo Bowl! It still has the JCPenny price tag of $14.99 on it and a red clearance sticker for $2.99. It's in really good condition as well! But I just dont see myself shipping it out to be graded when its doing a fine job sitting in my entertainment stand with all my other games. Lol
If you'd like to keep it in optimum shape, I might suggest buying a hard plastic or acrylic case to put it in. It's not semi-permanent like getting it slabbed by a grading company and it protects the integrity of the case.
@@crimsonskullradio4200 any recommendation for brands of plastic protecters for boxed SNES and NES games? I'm always seeing mixed reviews about the protecters being too loose or too tight or cracking.
This is just like back around 2008 when people were buying houses thinking they could just sell them in a couple of months for huge profits. Its unrealistic, weather houses or collectibles you need to hold onto them for a long time to normally get big profits like that.
Serves them right!! These game were never worth that much in the first place
No matter what happens, never stop covering this topic. I love seeing the investor tears.
My god-awful local game store got into this market right before prices started to crater. Maybe this is the kick in the teeth that finally does them in.
It did mine in and good riddance. They were already marking up their prices way too much. I'd resorted to going to flea markets and getting way better deals.
Mizkif is a prime example of what happens when a young person gets too much money.
I gotta imagine a lot of the people losing big in this market are dudes that lucked out with crypto before the crash.
They're stupid investors that got lucky and now they're going to lose all they made with more bad investments because luck doesn't last forever
There's something satisfying about seeing the sealed market crash,around the very people who screamed bad press, and created the problem in the first place.
When Mizkif was talking about the value going up a while back, he said he would never sell and he would "die with his boxes". After seeing this auction, he quietly referred to them as "worthless junk". Which means he was either lying to everyone about being passionate about the games, or he had convinced himself he actually loved them and wanted them. It is very easy for collectors who just dive into something to convince themselves they love the item, but really people are in love with the idea of having something special and getting good deals they can make money off later.
None of these should be worth more than a few hundred bucks (at most) of a regular sealed copy, let alone THOUSANDS or even tens of thousands. At this point it's just better to buy your own UV protective acrylic cases for your favorite games that you want to preserve the box art for.
All this kind of brings a question to mind: What once sold for crazy amounts of money, but now it's practically worthless? The NES zone - or any zone - totally qualifies.
My girlfriend always calls me an idiot because every time pat says "sealed!" Right as he reaches for the soundboard I usually beat him to it, so all she hears or sees is me randomly saying Seeeallleeedddd!!!!! With zero context. Every show lmao.
I still can't believe these graded game investors are real, it just seems like such a joke to me. Gotta be the biggest suckers ever.
Two words. Money laundering.
the Sonic game dropped a quarter of a million dollars!!
Cards and Games are ballooning right now. There's no way that the next few years aren't the peak value we will see from these things.
Grading is going to kill it. That market for nostalgia is far too small for these kinds of prices.
Everyone wants that rare, expensive item..until you're stuck with it.
I just want to say, I found a sealed PS1 game in a thrift store recently. It was called ‘Mort the Chicken’ from 2001, a late ps1 platformer.
Anyways I promptly opened it and played it, and yeah it’s not very good. But for $5 who cares.
Fair play! Having fun with the product like it was intended...not one of these muppets who screech about being collectors and have no emotional attachment to the games.
All I wish i could do is get back my saturn and the games I had for that. I wont. Its crazy how much games go for. I was buying Saturn games in 1999 for 9.99 irish pounds...i got Christmas Nights for free in Sega Saturn Magazine... I had all the Panzer Dragoons, yes including Saga... Burning Rangers...Nights with the analogue pad....
All lost to a fire.
But that's all I want back. And to play.
That is actually rare I would of gave u 4k if it was in good condition
Oh man, Mort! Love that game, $5 sealed is a great price.
Fun fact: Mort is making an appearance in the upcoming indie game Pizza Tower.
That seal thumbnail really shouldn’t have made me laugh as hard as it did
Crypto is crashing as well. Money is leaving these purely speculative markets and then either held as cash to ride out in looming recession or into traditional investments. Party’s over for the “line go up” crowd. Some made a fortune, others lost their shirt.
Market may go up again in 2-3 years once the economy improves. But within reason.
You can tell Pat is super done with dealing with the SEALS.
I wonder if the guy that bought the Super mario 64 for more than 1.5 million dollar last year is still living or if this guy jumped off a bridge somewhere at this point because this guy at least lost a million dollar for sure on that "investment" and holy hell if i would lose a million dollar within like a year i don't even know what i would do ..............
Wow I guess when investors get into a humble market it doesn't always work out well for them
I collect cart only NES and it’s nice to see markets returning to reality. I can start acquiring a lot more.
I got a sealed majoras mask that I had forever. Now u telling me it's worth nothing
Donkey Kong 3! It happened!
It's pretty bad when the losses are rivaling the loss porn of r/wallstreetbets
At this point, why is anyone even trusting the grades themselves ? Whoever agreed that the idiots at WATA know what the heck they are doing ? I would not trust ANY of the grades that they have issued. The only thing that they seem to have developed skills on is counting on idiots to continue to submit games to them for grading even after this scandal broke.
It's sad that so many people got screwed by them, but at this point if anyone is continuing to submit games for them to be "graded" then they have no excuses for such stupidity.
Thank God I can finally afford to relive my favorite childhood pastime!
It always fascinates me when people argue this from an emotional standpoint. We get it, we all love classic video games. We all appreciate why you would want to own and keep one in mint condition. The problem is when carpet baggers who do NOT care about classic games come in and artificially drive the prices sky high, which makes owning these classics much more difficult for those of us not spun from golden thread. In theory it benefits those who have held these valuable pieces the longest, but THAT'S NOT WHO HAS THE TOP MARKET WATA PIECES. They are conducting inside trading in the collectibles arena, plain and simple.
Just like with anything speculators lose money on, it's kinda satisfying to see.
I’m so glad to see this blowing up in their faces in real time. Having people STILL try to convince me an arbitrary number makes the games worth 40X the initial cost makes ZERO logic. Probably graded by some young kid that never even seen a sealed 2600 cart on the shelf 😂😂
4:26 Ian verbalized my exact thoughts about the original Mario Bros game.
Sealed video game BOX collecting. Collectors can't know for sure what's even in the box or if it works. Which is fine, up to the person buying.
*"Bwaaa! Hey Pat, why do you hate sealed games?! 😭You want to kill the industry! 😡I'm gonna find you at some event and make an ass of myself, just you wait!😤🛫"*
(parody)
Just remember the grading company and auction company are still making money since they drove the prices up. The owner didn’t really pay for them as they were his. He simply created a demand.
I own sealed non graded Xenia and Commander and Conquer for N64 that I bought on clearance back in the day I have loose copies to play. They are just a fun conversation pieces to me lol
Aw, even Sonic went down haha. But as much as I love Sonic, such a common game is not worth that much! And yeah, I can't imagine collecting those sealed! The hard plastic case would bust through the cellophane like you said, and that case already protects the game enough.
Anyone can say X is worth $Y, and if you have enough friends you can trick a few people into thinking X is worth $Y, but at the end of the day if nobody is willing to buy X at $Y then it's worth what it is sitting in your collection, which is $0. This is a lesson the Comics Book industry learned and is once again relearning, and it is a lesson that every secondhand market, and hell, some firsthand markets, will learn eventually. Your crap is worth what people are willing to pay for it and not a penny more, it doesn't matter how many + or Seals you put on it, a boxed Turd is still a Turd.
Ahh such sweet schadenfreude to see some rich streamer get burned “investing” in graded sealed video games
😌
Thanks Pat and Ian been a rough week for me and this video was just what i needed atm. It validated not only by what Shawn from reserved investments has been saying this whole time but also what I’ve felt about over paying for ya game collection and calling it an investment
Something I'd like to see is a more in depth discussion about the rare games that aren't selling for as high as they maybe should or would be expected to. But I guess the issue is that a lot of the rare games only have value to people who are trying to complete a set of games from a console. Would love to hear the opinions about this on the podcast.
Found a Smash Brothers sealed but not graded on eBay 20,000. Definitely the price has gone down but would it be too much to say that the prices were inflated to begin with?
Of course. It was a massive campaign to create a speculative market. The original investors are long gone, leaving the suckers who bought the hype to hold the bags.
Have you seen Karl jobsts video on how this whole thing got started? It's really interesting.
A lot of these “high” insane prices that sold at the beginning I believe was fake bids by Wata/HA people who owned the games trying to set super high standard prices. Which is why they are crashing. 😊
yes the whole video is moot because I do not believe this money ever actually changed hands at these prices
What’s the story with the baseball, football and hockey cards? Are they failing/crashing too?
I dropped my Diet Coke can when I saw the Super Smash Bros decrease (crash) in price. Do I contact Pat or Ian for a new Diet Coke can?
If only there was a way to short these sealed games.
Atwood could if he released his warehouse collection
@@ObsessedCollector I don't think you understand what shorting is.
@@northofnashira2575 shorting is when you believe an item will drop in value, so you burrow said item from a client and sell it and hope it drops so when you return the item you buy it cheaper and you keep the difference from the 1st sale. I want Atwood to flood the market on the other hand lol
@@ObsessedCollector Then you are hoping for an old man to die. That's the only way his collection is hitting the market.
@@northofnashira2575 he's sold 1 6 pack of Stadium Events and hundreds of other games.
That European Mario Bros. game is part of the Classic series. That port is based on Kaettekita Mario Bros.
Rich peoples tax write offs. They knew what they were doing and will end up w the games for free by the time it’s done and the loss will benefit them and their other businesses.
I remember about 10 years ago I bought a brand new sealed copy of Mario Golf. I was a little tripped out at the fact that it was brand new, 15 years old. When I got home, I opened it and played it. That's what video games are for. If you want a trophy, you can buy a trophy (you know, if you can't earn a trophy).
After seeing the video game market drop like crazy,I will wait cause I am not paying any crazy priced for games.
So who are the people actually getting hurt by this bubble?
The other factor would be covid pricing. In alot of other industries priced sky rocketed for no reason and people were paying it. Now those prices are gone and alot of people made terrible investments
I think I'll just carry on buying my games from the charity shops... 🤔☺
Rare or not... Those prices are insane! 😊
Seriously though - Who _actually_ pays these prices for them? 🤔
This is why I have no interest getting any of these expensive sealed graded games because as you pay amount of money with them, trying to re-sell it in auction again you're not going to getting exactly more money then you originally thought you were going to get. "IF YOU ARE LUCKY" But at the end of the day you already losing money.👎💰
That's also the original Tecmo Bowl. It's an okay game but not the one that is actually sought after. Super Tecmo Bowl is the one people are still playing and updating.
I don't usually do the sealed thing, but I have a sealed yellow Metroid that I'm going to hang on to. Got it graded, too. It's a 9.0. It might be fun to see where it goes...
Now crash the price of Chrono Trigger cib's so I can buy mine back lol
Gotta point out that Tecmo Bowl was similar to Mario Bros in that it didn’t hold that prestige like Super Bowl did. TSB is THE game everyone played.
This reminds me of the speculator boom in comics in the early 1990's
Thank God. Anybody else have awesome memories of making a day out of going around to all your local flea markets/thrift stores/yard sales and picking up hauls of old games dirt cheap? I have bought hundreds of retro games at under ten dollars a pop. I used to find stacks of games and walk away disappointed because I ALREADY HAD THEM ALL.
I stopped bothering with collecting games this way because for years selling retro games has been becoming more and more of an industry rather than a hobby. Go to any flea market and the only games you'll see are in huge booths that are basically just retro GameStops run by guys spending their off time meticulously looking up what games are going for on ebay and then adding five bucks to that number as their price.
Example - ten or eleven years back I paid $15 for NES SMB3, Ninja Gaiden and Genesis Sonic and Knuckles all together. $5 per game. Today this would cost $50 easy.
Anybody remember the comic book bubble in the 90s? Comics jumped in popularity and price after the average Joe heard about copies of Action Comics #1 going for $50,000 and decided to start collecting comics as an investment, not realizing that the prices on those old comics are all about rarity and fan love. Comic dorks (like me) love Superman, and his very first appearance is a grail item because there are so few copies left that we're willing to pay exorbitant prices. That doesn't mean all #1s will eventually be worth thousands and thousands of dollars. In fact, the best selling #1 of the time, Spawn #1, has LOST value, going from $1.95 to an average of about 25 cents.
THIS IS EXACTLY WHAT IS HAPPENING ALL OVER AGAIN WITH RETRO GAMES. This is all going to come crashing down exactly as the comic book bubble did and these morons spending their life savings to buy a $300,000 Super Mario Bros 3 cartridge aren't going to be happy when it goes back to being worth about ten bucks.
Sorry so long, all that to say that if anyone reading this has a stack of sealed and graded NES games in a safe somewhere, pull them out and sell them RIGHT NOW before the bubble bursts. I've seen this situation already. It doesn't end well.
@@Alma-B in all honesty I actually wanted to PLAY the games
So now I just have a decent computer with a really large hard drive
Haha the Sonic… Obviously not sealed but I’ve seen not for sale Sonic games at thrift shops before so they aren’t super rare. I just don’t get the sealed graded video game market.
all collectibles have taken a dive since the pandemic overpaying spree. sportscard are done 65% .. it is what it is.
the more sealed games that get slabbed the more the price of sealed wata games will drop.
I have no clue for sure but the Tecmo Bowl could possibly have some crossover value from the sports side of things. Somewhat unique that it doesn't have the NFL license, but does have the NFLPA license? Again. Not sure. Just speculating.
I wonder how much Pokémon Plant'em went for
When are people gonna hold WATA accountable for this fraud?
Problem is gaming in general with these current gen push digital getting people use to digital. When that happens video game collecting becomes pointless. Becomes why pay 100 bucks for this game when I can download a emulator and rom. Years ago it was all about building collections enjoying the fact you hunted something down bought it and now own it. That’s all gone these days and will continue to go away the more and more current developers and the industry allows it.
I own sealed copies of pilotwings and F-zero on snes. Not the players choice versions they are from launch... I bought them at toysrus over 20 years ago for nothing lol. They are safe in my collection
I admit my bias: I buy games to play them!
We need more Fleamarket Madness
8:20 Don't forget Lee Carvallo's Putting Challenge for the NES
POWER DRIVE
@@PatTheNESpunk Ball is in. PARKING LOT!
WATA Games/Heritage Auctions: The gifts that keep on giving the whole year.
Wish I had $144,000 to waste on a video game in a plastic box.
For the cost of 1 game you could hire someone to find you the complete NES American release's.
They are not down they were never worth what you think they were unregulated market pump & dump at it's finest
I love your thumbnail! Made me giggle!
Careless about sealed hope it crash and burn for a while and have people lose a bunch of investments and money. I still go for used games and play it.
So for comparison, a first edition Harry Potter is $30k. A first edition Dicken's Christmas Carol is $70k. But go for something less well known and Dicken's Martin Chuzzlewit is only $2k. So that's your long term comparison (and TBH books are going to hold their value much better). These games will be $2k in the longer term...
You guys seen the WATA Maximum Carnage segment on Pawn Stars yet?
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THX GUYS!!!!
.
Still better than crowd-investing in the Amico.
That Super Smash Bros. consistently dropping really highlights how wrong this graded thing got. It’s the same grade (essentially) all the way through the year and it dropped worse than Meta stock.
The is seems crazy to me. I can pick up Super Smash Bros on N64 for £70.00 on eBay - several copies. WATA is falsifying the market and is going to ruin it for actual gamers
Just watching the game chasers, there are several episodes where they go places and man... Not only are there a dozen or more of some games just at 1 place, but they're sealed.
Personally I think this is where it will just become dumb to buy graded games. I get that for a younger generations it's their NES, but imo the console was pretty shitty save for a couple of titles, maybe a handful of hidden gems.
I can respect the fact that for some people it's their top system but for me it's on the bottom.
Anyone in the industry who would trust these crooks is an idiot at this point and deserves to lose money for shilling for a company that allows and basically endorses market manipulation.
Thank God the cib market is crashing. I can finally afford MOST cib NES right now. My collecting problem is, my favorite console of all time.Sega Saturn. I wish people would stop being crazy with prices that do not need to be that high. Millions were printed on some of this stuff.
"If you would've invested in bitcoin it wouldn't drop that bad!" LOL
I wonder how many of these sales are investors cashing out at the end of the year to rack up some capital gains deductions
Donkey Kong 3 is my favorite of the three original so I don't know what you mean about that especially the arcade version it's awesome
SEALED!
Why does it give me much joy to see people lose so much money in Crypto and Sealed Games?... oh yes because we told them it was a scam and no one listened