Another NWC found

13

Comments

  • Originally posted by: Archon



    Do you guys think that a certain volume of this cart appearing will start to bring the cost DOWN? like say over the next 5 years another 100 unknown copies entered the market. Is that forcing the price down? Or is the hype and demand so high that it wouldnt matter?





    Well, I say that in 5 years another 100 is VERY unrealistic. I would even say 2 a year for the next 5 years is not even realistic. So with that in mind I think with the hype and demand the price would continue to rise in todays market. 
  • Originally posted by: CaLan87

    Originally posted by: Archon



    Do you guys think that a certain volume of this cart appearing will start to bring the cost DOWN? like say over the next 5 years another 100 unknown copies entered the market. Is that forcing the price down? Or is the hype and demand so high that it wouldnt matter?





    Well, I say that in 5 years another 100 is VERY unrealistic. I would even say 2 a year for the next 5 years is not even realistic. So with that in mind I think with the hype and demand the price would continue to rise in todays market. 





    The timeline wasn't the point. The hypothetical was. If a large volume of them got seeded into the market. Would it drive the price down?
  • I don't think people in general realize how many are in collector hands right now, let alone if another 100 manifest themselves.



    The price of $20,000-$25,000 seems a little overinflated if you ask me, but not by much. It is still somewhat a fair price as it's far more common than a CIB Stadium Events, and is also cheaper than a CIB Stadium Events.



    But I think the current price should be more like $15k-$20k (one third that for the two labeless ugly copies) given the known population, the known fact that multiple collectors have more than one copy, and the expectation that population count will only increase as the cartridges already known about are MOSTLY in collector and museum hands right now.



    Again, $20k for CIB SE is laughable, but for NWC it isn't. But then again mr. Atwood has at least 6 sealed and claims to have distributed 12 more SEALED copies of SE...so who knows, and who knows how many other Atwood's are out there.
  • Originally posted by: pegboy



    Yeah but that Nolan NWC was in terrible condition as well if I remember. Finding one without a fucked up end label is somewhat difficult.

    My point was that 17k was far and away the highest known public sale at that point. They were going for like 10 and then sold that one for 17k and we all laughed at the buyer and now he’s the one laughing. The price has skyrocketed, so good for him!



     
  • I also would much rather be a seller than a buyer at the $20k level. You also have to remember that minor deviations are just normal statistical variation, i.e. an item could easily go +/- 10% in any given sale. No one cares about a $10 cart that sells between $9 and $11, but when a $20k NWC could bounce between $18-$22k then that's a decent spread for people only buying as an investment.



    Hasn't even been three years since the last ebay open auction NWC (that was hyped up here) bombed and couldn't even break $10k. To be fair I personally pegged the value around $12.5k then but still, well listed, well hyped and an auction dud.



    https://www.ebay.com/itm/NES-Nintendo-World-Championships-Grey-Cartridge-1990-NWC-100-Authentic-/252383190439



    You never know how high something can go on hype ($20k? $25k? $30k? Etc.) but I also think settling in the $15k-$20k range is more believable long term. If you want to buy it to own forever then you pay what it takes, if you're buying it solely for future value then I'd rather spend $20k+ in other ways.
  • Originally posted by: ExplodedHamster

     
    Originally posted by: pegboy



    Yeah but that Nolan NWC was in terrible condition as well if I remember. Finding one without a fucked up end label is somewhat difficult.

    My point was that 17k was far and away the highest known public sale at that point. They were going for like 10 and then sold that one for 17k and we all laughed at the buyer and now he’s the one laughing. The price has skyrocketed, so good for him!



     

    You must have forgot when these things cooled to $10-$12k too?  Or when DreamTR sold one absurdly high ($25k?) and then bought it back from the same guy for half price when he got shaken out of the hobby.  Who knows if that buyer even still owns the item, these things turn over fairly frequently.
  • Add one more thing:



    Historical / Pop Culture significance is a driving factor in price as well.



    NWC was a huge event that hasn't really been repeated since. NWC Is also technically a Mario game and that alone makes it important.



    Stadium Events I guess was second in place for establishing home versions of Dance Dance Revolution? Eh, Maybe?
  • Originally posted by: jonebone

    I also would much rather be a seller than a buyer at the $20k level. You also have to remember that minor deviations are just normal statistical variation, i.e. an item could easily go +/- 10% in any given sale. No one cares about a $10 cart that sells between $9 and $11, but when a $20k NWC could bounce between $18-$22k then that's a decent spread for people only buying as an investment.



    Hasn't even been three years since the last ebay open auction NWC (that was hyped up here) bombed and couldn't even break $10k. To be fair I personally pegged the value around $12.5k then but still, well listed, well hyped and an auction dud.



    https://www.ebay.com/itm/NES-Nint...



    You never know how high something can go on hype ($20k? $25k? $30k? Etc.) but I also think settling in the $15k-$20k range is more believable long term. If you want to buy it to own forever then you pay what it takes, if you're buying it solely for future value then I'd rather spend $20k+ in other ways.





    Yeah an annual 4% (average "safe" bet in stocks and trades, even with couch potato) comes to $800 a year in growth, relatively non-volatile. Historically 7% over the long term, too. Video games are great as video games, but honestly pretty poor as investments go, at least if you're hopping in now, rather than 20 years ago (and even then only in pretty rare cases).
  • Originally posted by: Archon



    Do you guys think that a certain volume of this cart appearing will start to bring the cost DOWN? like say over the next 5 years another 100 unknown copies entered the market. Is that forcing the price down? Or is the hype and demand so high that it wouldnt matter?



    Hard to tell especially with collectors from other markets starting to trickle in video games. I remember 10k was a stretch then it cooled for awhile and now its over 20k. It comes in waves so if more entered the market I really don't think it drops unless its someone that shows up with 5 at the same time.



    I heard NWC Gold go for 100k not which doesn't make sense to me but hey so is life in video game collecting! 

     
  • Originally posted by: Archon



    Do you guys think that a certain volume of this cart appearing will start to bring the cost DOWN? like say over the next 5 years another 100 unknown copies entered the market. Is that forcing the price down? Or is the hype and demand so high that it wouldnt matter?

    It all depends on the number of copies.  If the number of copies entering the market becomes greater than the number of people willing to pay over $20k, than yes, the price will start droping.  



     
  • Originally posted by: PowerPlayers



    Stadium Events I guess was second in place for establishing home versions of Dance Dance Revolution? Eh, Maybe?



    Wherever you assign the dubious credit for that, it probably goes to FFF Athletic World or the Power Set and not SE  
  • Originally posted by: Archon



    Do you guys think that a certain volume of this cart appearing will start to bring the cost DOWN? like say over the next 5 years another 100 unknown copies entered the market. Is that forcing the price down? Or is the hype and demand so high that it wouldnt matter?

    I imagine you could find enough collectors to snap up every copy that it wouldn't change current demand.



    Even if somehow a warehouse full of thousands was found, the original 90 finalist copies, or at least those that were verified as being such, would still command a ton of money.



     
  • Originally posted by: Tulpa

    Originally posted by: Archon



    Do you guys think that a certain volume of this cart appearing will start to bring the cost DOWN? like say over the next 5 years another 100 unknown copies entered the market. Is that forcing the price down? Or is the hype and demand so high that it wouldnt matter?

    I imagine you could find enough collectors to snap up every copy that it wouldn't change current demand.



    Even if somehow a warehouse full of thousands was found, the original 90 finalist copies, or at least those that were verified as being such, would still command a ton of money.



     





    I'm just saying if we are thinking there are 360 copies, and weve only located like half that, there is a theoretical possibility that we could see a significant increase of them entering the market
  • Originally posted by: Archon



    I'm just saying if we are thinking there are 360 copies, and weve only located like half that, there is a theoretical possibility that we could see a significant increase of them entering the market

    Theoretically, yes, but everyone who came up with one to sell would first try to get what the last few got, roughly $20k. Everyone wants to get as much as possible. There would have to be a significant number of them sitting unsold for years and enough sellers willing to sell for well under $20k for a dip to come about.



    And I still think any verified as actually being an NWC finalist cart would still command a premium if that happened. Most found right now happen to be finalist carts, so that hasn't happened yet.



     
  • Originally posted by: jonebone

     
    Originally posted by: ExplodedHamster

     
    Originally posted by: pegboy



    Yeah but that Nolan NWC was in terrible condition as well if I remember. Finding one without a fucked up end label is somewhat difficult.

    My point was that 17k was far and away the highest known public sale at that point. They were going for like 10 and then sold that one for 17k and we all laughed at the buyer and now he’s the one laughing. The price has skyrocketed, so good for him!



     

    You must have forgot when these things cooled to $10-$12k too?  Or when DreamTR sold one absurdly high ($25k?) and then bought it back from the same guy for half price when he got shaken out of the hobby.  Who knows if that buyer even still owns the item, these things turn over fairly frequently.



    When did they cool to 10-12k? That Nolan sale was like 2 years ago, right? Did a bunch go for cheaper after that? We’ve had a member here offering significantly more for like a year. Now, assuming this is legit, a 23k offer for a blah condition one. And I think one sold at a convention for 25k last year.



    Was that 25k a gray, or was it the gold that sold for 100k and was sold right after to 50k?

     
  • Originally posted by: ExplodedHamster

    Originally posted by: jonebone

     
    Originally posted by: ExplodedHamster

     
    Originally posted by: pegboy



    Yeah but that Nolan NWC was in terrible condition as well if I remember. Finding one without a fucked up end label is somewhat difficult.

    My point was that 17k was far and away the highest known public sale at that point. They were going for like 10 and then sold that one for 17k and we all laughed at the buyer and now he's the one laughing. The price has skyrocketed, so good for him!



     

    You must have forgot when these things cooled to $10-$12k too?  Or when DreamTR sold one absurdly high ($25k?) and then bought it back from the same guy for half price when he got shaken out of the hobby.  Who knows if that buyer even still owns the item, these things turn over fairly frequently.



    When did they cool to 10-12k? That Nolan sale was like 2 years ago, right? Did a bunch go for cheaper after that? We've had a member here offering significantly more for like a year. Now, assuming this is legit, a 23k offer for a blah condition one. And I think one sold at a convention for 25k last year.



    Was that 25k a gray, or was it the gold that sold for 100k and was sold right after to 50k?

     





    A couple changed hands in the low to mid teens this last year. I've had a bounty up for awhile in the $21-22K range, but to be fair, it doesn't involve all cash. I was looking to trade a stadium events plus cash for one. Nobody up to this point has been interested.

    http://nintendoage.com/forum/messageview.cfm?catid=56&threadid=180703
  • Just out of curiousity, have you considered just selling the stadium Events and just offer the cash?
  • Originally posted by: PowerPlayers

    Just out of curiousity, have you considered just selling the stadium Events and just offer the cash?





    I feel like it's good trade bait to maybe shake one loose. Sometimes it's easier for a seller to move a $12-13K cart, than a $20K cart outright
  • Originally posted by: 98ViperGTS

    Originally posted by: PowerPlayers

    Just out of curiousity, have you considered just selling the stadium Events and just offer the cash?





    I feel like it's good trade bait to maybe shake one loose. Sometimes it's easier for a seller to move a $12-13K cart, than a $20K cart outright





    Easier, maybe, but still not exactly easy unless you have networking to line up a buyer. I mean, they're both five figure cartridges.
  • Originally posted by: 98ViperGTS

     
    Originally posted by: ExplodedHamster

     
    Originally posted by: jonebone

     
    Originally posted by: ExplodedHamster

     
    Originally posted by: pegboy



    Yeah but that Nolan NWC was in terrible condition as well if I remember. Finding one without a fucked up end label is somewhat difficult.

    My point was that 17k was far and away the highest known public sale at that point. They were going for like 10 and then sold that one for 17k and we all laughed at the buyer and now he's the one laughing. The price has skyrocketed, so good for him!



     

    You must have forgot when these things cooled to $10-$12k too?  Or when DreamTR sold one absurdly high ($25k?) and then bought it back from the same guy for half price when he got shaken out of the hobby.  Who knows if that buyer even still owns the item, these things turn over fairly frequently.



    When did they cool to 10-12k? That Nolan sale was like 2 years ago, right? Did a bunch go for cheaper after that? We've had a member here offering significantly more for like a year. Now, assuming this is legit, a 23k offer for a blah condition one. And I think one sold at a convention for 25k last year.



    Was that 25k a gray, or was it the gold that sold for 100k and was sold right after to 50k?

     







    A couple changed hands in the low to mid teens this last year. I've had a bounty up for awhile in the $21-22K range, but to be fair, it doesn't involve all cash. I was looking to trade a stadium events plus cash for one. Nobody up to this point has been interested. http://nintendoage.com/forum/mess...

    What a strange market. Some sell for 12k and others for 25? 
  • So few change hands that the market is pretty much what the buyer and seller agree on a price at that particular time.
  • There are so many factors that come into play with the sell price of these things: timing, availability, how badly the buyer wants it, how badly the seller wants to sell it, condition of the item, and so on. It's fairly tough to nail the "right" price for something like this, especially when the market is limited to a small pool of big ballers who probably already own it.
  • Originally posted by: 98ViperGTS

     
    Originally posted by: PowerPlayers



    Just out of curiousity, have you considered just selling the stadium Events and just offer the cash?







    I feel like it's good trade bait to maybe shake one loose. Sometimes it's easier for a seller to move a $12-13K cart, than a $20K cart outright



    It does seem like a LITTLE bit of an overcomplication. Not meaning to bag on you, but just an observation... Trading loose SE plus cash up to equivalent value of NWC seems logical, but you've got the psychological factor here of trading a much rarer item for a less rare item, plus cash which is probably NOT a huge deal for someone who owns an item like NWC. I myself, of course, do not own either, but if you offered me the choice between NWC or SE plus equivalent cash, I'd take the NWC all day.

     
  • Originally posted by: 98ViperGTS

     
    Originally posted by: PowerPlayers



    Just out of curiousity, have you considered just selling the stadium Events and just offer the cash?







    I feel like it's good trade bait to maybe shake one loose. Sometimes it's easier for a seller to move a $12-13K cart, than a $20K cart outright



    Not good trade bait for an NWC..... anything else sure but not an NWC. 



     
  • NWC caters to a very Niche market. Yes it has its place in Nintendo history, but so does SE. At least you need SE for a complete NA NES set. Maybe somebody with an NWC wants to throw together a complete NES set
  • Originally posted by: 98ViperGTS



    NWC caters to a very Niche market. Yes it has its place in Nintendo history, but so does SE. At least you need SE for a complete NA NES set. Maybe somebody with an NWC wants to throw together a complete NES set
  • Originally posted by: Archangel3090

    Originally posted by: 98ViperGTS



    NWC caters to a very Niche market. Yes it has its place in Nintendo history, but so does SE. At least you need SE for a complete NA NES set. Maybe somebody with an NWC wants to throw together a complete NES set
  • Originally posted by: 98ViperGTS

     
    Originally posted by: Archangel3090

     
    Originally posted by: 98ViperGTS



    NWC caters to a very Niche market. Yes it has its place in Nintendo history, but so does SE. At least you need SE for a complete NA NES set. Maybe somebody with an NWC wants to throw together a complete NES set
  • Originally posted by: Mr. CIB

    Originally posted by: 98ViperGTS

     
    Originally posted by: Archangel3090

     
    Originally posted by: 98ViperGTS



    NWC caters to a very Niche market. Yes it has its place in Nintendo history, but so does SE. At least you need SE for a complete NA NES set. Maybe somebody with an NWC wants to throw together a complete NES set
  • After going through yet another folder in my PC, I've confirmed more NWCs with photos from the web.



    P.S. #0026 is extremely blurry but I can't find another picture for it. The only reason I know it's #0026 is because the owner (previous owner?) says so.

     
    1 2 3 4 5 6 7 8 9 10
    11 12 13 14 15 16 17 18 19 20
    21 22 23 24 25 26 27 28 29 30
    31 32 33 34 35 36 37 38 39 40
    41 42 43 44 45 46 47 48 49 50
    51 52 53 54 55 56 57 58 59 60
    61 62 63 64 65 66 67 68 69 70
    71 72 73 74 75 76 77 78 79 80
    81 82 83 84 85 86 87 88 89 90
    91 92 93 94 95 96 97 98 99 100
    101 102 103 104 105 106 107 108 109 110
    111 112 113 114 115 116 117 118 119 120
    121 122 123 124 125 126 127 128 129 130
    131 132 133 134 135 136 137 138 139 140
    141 142 143 144 145 146 147 148 149 150
    151 152 153 154 155 156 157 158 159 160
    161 162 163 164 165 166 167 168 169 170
    171 172 173 174 175 176 177 178 179 180
    181 182 183 184 185 186 187 188 189 190
    191 192 193 194 195 196 197 198 199 200
    201 202 203 204 205 206 207 208 209 210
    211 212 213 214 215 216 217 218 219 220
    221 222 223 224 225 226 227 228 229 230
    231 232 233 234 235 236 237 238 239 240
    241 242 243 244 245 246 247 248 249 250
    251 252 253 254 255 256 257 258 259 260
    261 262 263 264 265 266 267 268 269 270
    271 272 273 274 275 276 277 278 279 280
    281 282 283 284 285 286 287 288 289 290
    291 292 293 294 295 296 297 298 299 300
    301 302 303 304 305 306 307 308 309 310
    311 312 313 314 315 316 317 318 319 320
    321 322 323 324 325 326 327 328 329 330
    331 332 333 334 335 336 337 338 339 340
    341 342 343 344 345 346 347 348 349 350
    7 5 11 2 13 9 5 7 2 12
                       
    #0??? Mario     64 Confirmed
    #0??? Nameless     11 Unconfirmed
                75 Total



    (P.S. Someone REALLY needs to find some ending in 4, or 9)
Sign In or Register to comment.