SEALED Game Crash Update -- 90%+ LOSS In Price!
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- Опубликовано: 28 сен 2024
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We look at some heavy sealed game market losses, with some games losing over 90% of their market value.
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As a collector, this is the outcome I was rooting for. I don’t want investors in the hobby. I just hope a majority of those non-hobby investors are the one who lost big.
I hope so too these idiots. They were making a quick buck bought it back fired on them hard
It blows my mind that anyone would pay more than $30 for a sealed Madden or Tomb Raider.
All I could think about was how FF 7 was on the lower tier of the list lol. Truly shows these spectators aren't gamers.
Why pay for anything I can get for free on emulation
I’d do $40
I would love a sealed first release copy of madden
My thing is that the people that get up every Sunday and go to the swap meets in these hard to find gaming stores and travel out of state to find an unsealed version of the game they want to play and they've been doing it for years are not the ones that made Millions when these auction companies hyped it up it's fucking people that don't even play these games🤬 nor care about community.
I feel comfortable saying that the only people losing thousands of dollars or more in the video game market are stupid speculators. NOT any real game fans. That makes sleep well at night. REAL game fans will get back In the market when these idiots are gone.
People with just a bunch of money and games, they don’t need the money. I DO but the few hundred carts I have I’ll sit on, along with the consoles n pass it on when dead n it is what it is.
You calling it a market is part the problem
The retro game market in general is correcting back to pre-pandemic levels. It's amazing that people paid such high prices for these games, even loose carts, thinking the prices would just keep going up and up.
Yep, all the extra money pumped into the economy with people stuck at home drove that spike. I have my collection on gameye app and alot of them are trending down from 2021-2022 peaks.
I was at a local comic convention last month, and a retro game seller had Legend of Zelda and Adventure of Link sealed for $6000 CDN. When I heard about the BS Heritage auctions of Super Mario 64 at $1M plus, considering the millions of copies sold (and unsold) I couldn't wrap my head around it.
This is what happens when gambling becomes the norm. Everybody wants to be in on the ground floor of the next big thing. Well guess what, if you’re hearing about the next big thing on any social media platform, you are ages too late. A fool and his money…
Even $5000 for a playstation game sounds insane to me
Only time that would make sense is its one of the great games, still sealed and signed by like the director/producer of the game. Heck, imagine having a SMB1 or Zelda signed by Shigeru Miyamoto!
$100 for any game is fn stupid lol ppl act like retro games are antics when most em not even 30 to 40 years old smh its just ppl being greedy
Right
It's partly bc the economy/overall market in general is insane.
Watch out, incoming crypto and NFT addicts complaining that pat is engaging in FUD!
Hey, cryptos and NFTS are up! Let's not ruin the bull cycle!
I want nice clean CIB games for a fair price. And ill pay for the CIB. I will not pay a penny more for "sealed" or "graded" anythjng! I WANT GAMES I CAN SHOVE IN MY PHYSICAL SYSTEM AND PLAY!!!😂😂😂
Having a complete collection of sealed games seems the most pointless thing ever. That's investment or museum territory. Having the entire collection and actually playing them is perfectly fine.
My ex wife has a sealed long box
lol
markets gonna market. when stuff gets tough people dont want to pay as much for niche luxuries and the people holding on to them need to get rid of them faster.
I think telling people who aren't investors to buy the dip is reckless. It's still woefully inflated.
Madden for 400k is GD nuts
Funny about 10 years ago I bought a Sealed Commodore 64 Dave Winfield Baseball for $99 from a place called Elisoftware and then 7 years later I see someone on Ecrater with a stock of them selling for $14 each. Then just yesterday after 10 years of owning it I was moving games around I touched my Dave Winfield and accidentally pushed my finger thru my precious seal on the side of clam case. I heard the seal make a crack like sound. Hahahaha! I can’t believe I spent $99 on it.
When the dip happening is going to go back to the same price as what Pat says about the State of Video Games. It'll go to about $1K sealed game and the next biggest retro will be Gamecube, PS2, and OG Xbox Games and next will be Wii, PS3, and Xbox 360 after 10-20 years later.
There are plenty of auctions on Ebay slipping below raw or intuitive value + price of grading so I would say buy the dip on those. Can't go wrong there but don't buy the dip on the titles that were once very common new old stock and pumped because they were simply iconic.
Anytime I go to cons now my friends and I have a good laugh when we see booths selling Graded Games and they are still there unsold on the last day of the con
Grading is a scam. Something does not get more expansive just because it is in a Plastic Case. The only ones who actually make Money are those who put the Stuff in there.
Uhhh comics, cards and coins have maintained values for many decades and have only trended upward
@@ucfvideogamesBut they have to be vintage sports cards and comics and coins. Newer cards are overpriced because people like to speculate on players. And everyone hopes to get the next Mike Trout rookie card. But all it takes is a serious injury, or a couple bad seasons, and people will move on to the next best thing.
Yes and no. As UFC stated it can have a purpose, but sadly we have entered an age where it truly is hard to tell what is proper value. With how easy it is for people to get their hands on repo's and how untrustworthy companies like Wata have become.
To an extent I can see value in having something graded and then let it sit for a decade or so. At that point the console it was made for may be considered retro and as the game isn't as widely available the price for a physical product has gone up. The problem is as Pat and Ian have stated is like other markets ( the cards and comics UFC brought up amongst others) you have people who want to believe what they have is worth more then it truly is. That causes others to see they made such money and the prices among normal merch rise, rinse and repeat lol. Knowing you are buying / owning an item in mint condition can be a benefactor, but with the prices out now I would gladly yell no lol.
Also if you truly want a ridiculous example of grading I remember a few months back youtuber Jacob R posted a picture of a person trying to sell a graded copy of Tears of the Kingdom for over $1000 lol.
@@ucfvideogames Sure the Stuff inside has Value and will likely go up and up. But something Worth $100 today does not suddenly raise the Value to $500 just because it is in a Plastic Case. It is still the same.
@@retroprogamer7009 Yes it does. 10s fetch premiums over anything else across all collectibles. If you grade something and it gets an 8.0 or something, then no it doesn't increase the value at all.
In 2017 I got my first good job. I wanted to buy complete copies of the old GBC and GBA games I played as a kid because I could. But when I looked, sealed copies were only a little more. So I figured why not but sealed copies? I got Advance Wars, Metroid, and all the Pokemon games from Crystal onward. I still have the Paypal receipt that I paid $400 for a graded copy of Pokemon Crystal. I think I sold it for $4000 or something. Looks like it's worth alot more now 😂
Don't forget that these come from a "special" collection to add some sort of made up prestige to it
I've got a copy of Wii Sports once owned by Elon Musk. I want 2 million dollars for it, no less!
@@bretton_woods It's cursed and tainted. You must burn it.
Probably the Carolina collection
That transition at 9 minutes blew my mind.
Graded game prices are likely going to just steadily decrease in value over time. Sure there will be spikes, but the overall long-term trend going forward seems to be down.
Agreed. It's because it's not people who are looking to collect, but those looking to make money. Unless it's a person desperate to complete a collection / or experience the troubles with original hardware on the gamer side people will just emulate which offers a better experience lol.
@@TheCommanderTaco Agreed, most of these collectors don't realize that the folks that purchased these are the kids that grew up in the 80s.
You can look at how much first edition books cost... A first edition Dickens is around $1000. A book by an unknown author is mostly postage and packaging.
Having dealt with this guy back during the silver crash in the 80’s. I firmly do not believe most of these games were reaching these prices at all. There is a scam of auction companies bidding the wall
I've never seen a market called so accurately on the way up and down. I wonder if Pat sold any of his collection. There was life changing money to be had during the peak, which Pat called perfectly.
"Should they buy the dip?"
"Don't buy the dip. It can always go lower."
Oh gee, ok. Let me just wait literally forever then. Makes sense. Nice contribution there Ian.
I went to a sports card show in Las Vegas the past spring, and there was a guy who had 20-30 glass cases of sealed video games for sale. I went to see what was for sale, and almost every dealer was chomping at the bit to get a sale. Almost every dealer asked "what are you looking for?" I replied "nothing in particular, just looking." I did notice one dealer had 4 Michael Jordan Rookie star cards all graded 9's next to each other. I don't know if he was just flexing his "wealth", or what the deal is. Scarcity is something that sells items. When you display 4, each becomes less desirable. Noone is going to buy all 4, so displaying all 4 is stupid. One guy had like 10 great numismatic coins for sale in his case of cards. He said he was getting out of coins because there is way more money in sports cards. I bet he has massive regrets on that. He must've had $500k or more "worth" of cards on display. Coin collecting has been a hobby for hundreds of years. Sports cards where another "crypto-bro get rich quick scheme."
Removing the sold listings sounds like Sony no longer revealing PS Plus numbers after they raised ybe the price.
My brother had JP2 on GB when we were kids, but we traded it in I think. I'm constantly looking back and regretting trade-ins. My parents made us though.
No no no... Everythings fine... It's all great. I'm sure prices will be back up in no time 😁
That's what we're afraid of
Don’t hear much from that Dentist anymore😂
I kept a sealed atari 2600 breakout game for years, i think grandma accidentally bought me a second copy or something. I sort of wish i had held onto it but I'm not much of a collector and at some point i moved and never saw it again. Oh well 😃
Wait, a ps1 Tomb Raider for 144k???????? I have a pristine Tomb Raider in my room and guess how much its worth, 40 bucks at the most! Scammers all of them.
This needs to happen with the pinball market. It is absolutely ridiculous.
I found a sealed copy of NHL 99 in an old box, already had the game and forgot about it.
Thats not an amazing find but it shows that even me found a sealed game by accident in my collection.
Time for the hoarders to open up their graded cases and actually play their video games.
Can You imagine how many germs are on Ian's right sleeve at any given moment :)?
It's "still sealed"... I resealed it myself using my shrink wrapping machine. That means it's extra rare and you should sell your house to buy this $40 cartridge for $500k.
Sadly even if the graded market crashed, it still destroyed the retro game collecting hobby...
Thanks!
You guys were right about market crashing, I was with you guys from the start great show as well
I was watching the rerun of pawn stars with the sealed Mario, hahaha,
The bubble was always going to burst. How many people on this planet want to pay $480k for John Madden on the Genesis? How many would even pay $20k (not many I would wager)
'And that's not a good investment.'
“SEEEEAALLLED!!!”
the pokemon game is amazing to me, the wii was one of the most popular consoles ever, almost every game there was printed and sold to hell and back, even more something like pokemon, that is not rare at all! how do people think it would ever reach a price like that
I only own one "big money" game
The only reason i want to sell it is to add to my collection of atari and Nintendo games that i play.....my games are not encapsulated and never will be.i want to play them and collect. Ive owned many since age 11-12 so i will make money either way lol. I am glad its coming down in price. Thats ridiculous. People just need to stop paying the money for it. Most shops and average joes think everything they are selling is worth 10x what it really is.
MONEY LAUNDERING
4:01 Ian is spot on here. These people have the money to blow and can create these bubbles with no real consequences.
I'm far too cheap for sealed collecting. I can't see myself paying more than $100 for any one game.
Tecmo bowl is still a big deal. Annual tournaments are still a thing
Pretty sure it was two or three friends selling these games to each other to bump the prices up. If you have a ton of money, there are plenty of better investments.
Pat was probably a multi millionaire during this sealed games deal. Hes got everything.
Not because of it, though. Because he is a businessman, and isn't scamming people like WATA games and heritage auctions.
But he didn't get the plastic to protect the plastic that is wrapped protecting the plastic in the plastic, so unlikely.
I don't own a ton of sealed games.
3:51, *cough LEGO. Hehehe oh the black hole that LEGO Star Wars created.
My wife fell for the true classic tee bit, I look just as fat, if not fatter in them. 😢
Emulation helps drive down prices.
Awesome video keep up the good work!
It makes me truly happy that those people lost money.
90% dawn on game prices
Its not a loss .. Its a tool for money laundering
I hope this happens with used cars so I can start finding the older stuff I want for the prices I used to.
"BuY hIgH aNd SeLl LoW!" All the plebs and normies love that strategy! 😅😂
A few years ago my local game store had a box of brand new sealed copies of Shaq Fu for Sega Genesis. I bought one for $30.
My game collecting app often puts this game over $200. I've seen it as high as $800. It's a joke. Probably inflated by the BS you fellas are talking about.
The reason that game is so high is because of a meme and there's someone who is buying up every copy of the game to destroy them. So a group was started to buy every copy to save them from him.
@@booksmeow1633 I thought that was an old story from the 90's or something. I bought this copy in December of 2018.
Pokemon cards are crashing now too
sealed game collecting is dumb, it's pointless even if it was next to free, what was the reason these were made for again?
Yay
Just goes to prove the adage "a fool and their money are easily parted."
Lmao. Took me 10 minutes to realize that Pat was also on Zoom.
I'd buy that for a dollar!
I just saw a Gameboy SP AGS-101 for sale locally for 7000CAD (Vancouver).
sealed and graded to 90 points by VGA... My guess is that he lost a lot of money and is trying to get rid of it.
I'm surprised that WATA and Heritage still exist at this point, and that the people behind them have not been sent to prison for collusion.
I do like the aesthetics and appreciate the novelty of a sealed and slabbed cardboard NES/SNES era game. For ~$50-$100, I can appreciate the service that a grading company provides. A slight uptick on a mint v near mint item, ok, fine it displays better. BUT 10s/100s of thousands is absolute lunacy. It was a shill bid money grab and I hate that an innocent hobby of grabbing a handful of cheap NES games to kill a few hours on a weekend has turned into this and thankful that the market is coming down to Earth.
I have several thousand sealed black diamond labeled Disney VHS tapes worth billions if anyone wants one 😂
SEALED!
The games might never being paid for in the first place… then the second time it’s sold with 93-97% lost… it might be used to get taxes return for « investment losts »??? It might being a big market manipulation to make of course money by auctioning mostly THEIR games… then making losts for taxes fraud!
Is it really a “crash” if the games were never worth that much to begin with?
Id open any sealed game and play it f this graded and sealed crap. Ppl that buy those just to look at em aint true gamers tbh 😎just posers
So glad to see this, “this is the next big thing??!!!!?” Idiots everywhere, now they’re clutching their pearls lol EVERYONE trying to unload their graded crap 😂😂🎉🎉🎉
It’s easy to see how annoyed Ian is with Pat here.
Was able to get one of my favorite psp games sealed today for $25 so maybe the world is healing
I have a sealed copy of PS4 Judge Eye(Taiwanese Version), because PS+membership gave me a copy before i got to the game. So i never have to open it.
Vintage game auction, I'll be coming in 20 years!
Emulation makes every old video game worthless. You may like to play on original hardware, but super Mario Bros will never be with money because it will be digitally available forever. Remember that in 30 years there will be no one left to collect this stuff. Investing in something that noone will want in the future is dumb.
I found a place near me that recycle cd/dvd boxes so I just put all my games (except a few big box pc games) in a couple of those big wallets. Very satisfying 😊
I wonder if Pat has seen Karl Jobst newest revelation??
saw someone posted a link to it earlier, but somehow it disappeared
Scam
if i was stupid rich like elon musk i'd just buy these to make twitch streams of me breaking them open and playing them live more so anything graded by watta
If I had the money, I’d buy a graded game, and on camera, open the case and seal, and then play it.
It’s about time the muppets that tried gouging the prices on this stuff started looking like foolish. If I had the money I’d buy one of these things get delivered to me house, get a camera and smash the plastic protector and open it on camera then sell it for a reasonable price but I doubt I’d ever have the money to burn like that
They'll go lower, and as collateral damage non-sealed games both complete and loose have been dropping, noticeably dropping if you pay attention in the slightest. It's not bottomed out, there's more to die, don't let them con you into buying now because of the 'dip' the only 'DIP' is the one paying now think they're some mensa level investor.
Same thing happened in sports cards and the market is in the same condition as the gaming one, too. Cards, even of top players, are down 75-90%+ from the top of the hype bubble. It was insane in 2021 and, now, it's finally getting back to being reasonable for collectors again.
somewhat getting back. prices still need to come down another 50% from here to make them justifiable
Well......looks like the 47k I paid for a sealed 98 grade Kung Fu Panda on X box 360 may have been a foolish investment:(
good riddance, the "SEEEEEEEEALLLLLED!" Game Market has been redonkulously overpriced, i hope that the Retro Market has a similar crash, so that we the common folk can actually collect again. 3-4 digit prices to play a game is f-ing nuts.
Can’t wait to hear on the completionist
Don't hold your breath 🤯
I noticed you didn't do an add for erection pills of some sort. Good call. Would have been redundant. Who needs them with news like this doing 10x a better job. Am I not supposed to be enjoying these people's losses that much? Because I'm not sorry.
Was just thinking about Karl's recent video, about a "youtuber" that was running events for a charity founded by them. Some speculation as to if the money has ever been donated over the last 10 years..... 🤔 This kind of thing makes me question everything...
Its stupid to sell video games that high why sega genesis games the games are very cheap like $5 or $10
I have a sealed super black bass for the SNES. I’ll let it go for only $50,000.
Always appreciated your coverage of the market. You and Ian rarely talk about the CIB or loose market though anymore and I miss that. I feel these markets are only moderately connected.
Sealed Nintendo games are easy to find because nobody wants to open them to play that crap.
even at 90% off highs they still haven't come down enough
I have a few sealed games (not graded) so if they too are decreasing in value then I'm disappointed.