Wata Games, comic dude money, and collecting as an investment

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Comments

  • I hate to bring up more comic book parallels, but these kind of conversations remind me of the early 2000s when CGC first started grading comic books. There was a lot of resistance at first, comic books are meant to be read - not entombed in a plastic case.
  • Interestingly, as a PS1/2 collector I have been noticing a fair few upticks, especially over the last few months. Maybe it's tax season money, maybe it's that people who grew up on the PS2 are coming into money. I've been trying to buy PS2 games I want quickly before they jump too much; a few months of waiting has cost me a chunk of change on a few titles.
  • Originally posted by: ExplodedHamster

     
    Originally posted by: Sign Collector Guy



    Since Mario 100K was mentioned I have to express that holding it made me very moist. Maybe that's what having rare stuff does to some people...............And by moist I mean excited.



    image



    This is why WATA needs armed security. If I saw you doing this at TMG, I’d tackle you like the Office Linebacker. 



     

     

    I rememebr being at Comic Con NYC a few years back and being two feet away from an Action Comics #1 graded something like a 9.6 or 9.8.  It was out on top of the display case while a TV crew was setting up getting ready to film a segment about it.  I believe it had just broken the record for highest selling comic at the time, it went for 1 million or something like that.  Anyway, I rememer looking around and eyeing the exit thinking to myself "just grab it and run, no way anyone can catch me".  Then I came back to my senses.  There was absoluely no security anywhere and I am a fast runner.   



     
  • Originally posted by: PowerPlayers

     
    Originally posted by: skinnygrinny



    I just hope it drops the prices of loose games.





    Already happened, and it will continue to drop after this hype dies.



    The "Current Prices" I listed mostly have little ticks up in the past month, so the percentages actually would have been even lower if not for the new money bringing out all the "FOMO" or panic buyers.



    I have noticed loose prices dropping. This news pleases me. 

     
  • Originally posted by: tbone3969

     
    Originally posted by: ExplodedHamster

     
    Originally posted by: Sign Collector Guy



    Since Mario 100K was mentioned I have to express that holding it made me very moist. Maybe that's what having rare stuff does to some people...............And by moist I mean excited.



    image



    This is why WATA needs armed security. If I saw you doing this at TMG, I’d tackle you like the Office Linebacker. 



     

     

    I rememebr being at Comic Con NYC a few years back and being two feet away from an Action Comics #1 graded something like a 9.6 or 9.8.  It was out on top of the display case while a TV crew was setting up getting ready to film a segment about it.  I believe it had just broken the record for highest selling comic at the time, it went for 1 million or something like that.  Anyway, I rememer looking around and eyeing the exit thinking to myself "just grab it and run, no way anyone can catch me".  Then I came back to my senses.  There was absoluely no security anywhere and I am a fast runner.   



     

    You may have for sure made it out of the place with the comic but I could only imagine the shit storm that would come looking for you................This sounds like a great premise for a family guy

    episode!!



     
  • Originally posted by: ExplodedHamster

     
    Originally posted by: Sign Collector Guy



    Since Mario 100K was mentioned I have to express that holding it made me very moist. Maybe that's what having rare stuff does to some people...............And by moist I mean excited.



    image



    This is why WATA needs armed security. If I saw you doing this at TMG, I’d tackle you like the Office Linebacker. 



     

     

    RUN BITCHES!!!!!!!

    image

     
  • It's clear that SCG's left leg was chained down!!!
  • Originally posted by: Bronty

    Originally posted by: zi



    anyone here follow gary V? he's been on a nostalgic kick as of late which is making collecting (baseball, comics, games) even more mainstream and drawing in folks who generally spend disposable income in other ways.



    No idea who he is, but youtubers and that seem to have more influence on the lower and middle ends of the market.   I've never seen higher end comics or games really influenced by what one single guy is posting.    Group discussions can have an effect but not one dude's channel, not when it comes to high end.

     





    Gary V is the fucking man. The future owner of the NY Jets.
    I find that his resale practice in Trash Talk is not very accurate though. A lot of stuff he buys he over values and is not going to move very fast.
  • I feel I listened to a podcast this morning that was identical to this thread.
  • I collect cuz the games look good on my wall.
  • Originally posted by: MrWunderful



    Ps. Anyone that wants like 5-6 extra social media followers, make sure you buy a sealed game then take a video of yourself opening it.



    Extra hardcore gamer points for such comments as:



    "Let that bitch breathe"

    "Bet that pisses those douche collectors off"

    "You are doing gods work, brother"



    I have a sealed Fatal Frame II that I could do this for once I finish FF1. >_>

     
  • Originally posted by: Sign Collector Guy

     
    Originally posted by: ExplodedHamster

     
    Originally posted by: Sign Collector Guy



    Since Mario 100K was mentioned I have to express that holding it made me very moist. Maybe that's what having rare stuff does to some people...............And by moist I mean excited.



    image



    This is why WATA needs armed security. If I saw you doing this at TMG, I’d tackle you like the Office Linebacker. 



     

     

    RUN BITCHES!!!!!!!

    image

     





    If they caught Miles then they would have caught you too.
  • I remember seeing a video once of a dude who had one of the largest harmonica collections in the world, and he didn't know how to play a single tune on harmonica.



    I don't collect sealed games, but it doesn't bother me if people do. These games are being played, whether it's other copies or emulation or whatever. Preservation is nice, and those shelves DO look good, imo.



    I think the only sealed game I have is Gravity Rush for the Vita, but that's because I had just finished the PS4 version and Walmart was clearing it out at $5.
  • Originally posted by: ne$_pimp

     
    Originally posted by: Bronty

     
    Originally posted by: zi



    anyone here follow gary V? he's been on a nostalgic kick as of late which is making collecting (baseball, comics, games) even more mainstream and drawing in folks who generally spend disposable income in other ways.



    No idea who he is, but youtubers and that seem to have more influence on the lower and middle ends of the market.   I've never seen higher end comics or games really influenced by what one single guy is posting.    Group discussions can have an effect but not one dude's channel, not when it comes to high end.

     







    Gary V is the fucking man. The future owner of the NY Jets. I find that his resale practice in Trash Talk is not very accurate though. A lot of stuff he buys he over values and is not going to move very fast.



    yeah playa! also, yeah, his pickups are all over the place, will take too long to re-sell, and he makes 1000x more selling his brand than flipping a flintstones mug from a garage sale.

     
  • Joe: Loose and sealed have always been separate markets. I've never known any significant sealed collector who spent any significant time/energy/money on loose. So, it's no dramatic change, it's nothing even remotely new or surprising.



    Loose carts dropping a bit isn't too shocking when their main purpose is play value and there are so many cheap or free play alternatives. Ive been saying for at least ten years that play value erodes to zero over time in the same way that reading value for comics approaches zero over time as waves and waves of reprints become available. In the long run most all you have left is collectibility value and if you have the same run of the mill loose double dragon cart that everyone else has, why would it ever go up significantly in price as a collectible? It has to be something more special than that. Loose carts got relatively expensive from what I can remember in the period you're referencing relative to cib and sealed. That never made any sense in the first place.    Loose carts have their place and are their own fun to collect, but they are always going to be third banana value wise, and likely growth-in-value wise too
  • The only time that breaks down is when values get to the point where collectors have to spend everything they can to get any copy at all. Really the only loose cart that even begins to apply to is SE.
  • Originally posted by: a3quit4s

    Originally posted by: WalterWhiteJr.



    To each their own I suppose. I think there are far safer and more lucrative investment areas than vintage video games, but different folks different strokes.



    This "investment area" that seems to be trending in vintage games is mostly focused on sealed NES, from what I can tell. That is a niche group and many of us (myself included) are priced out of that. 



    I collect because I love gaming and have an appreciation for older games - their history and lore. Physical media is awesome. If the value of my collection was cut in half tomorrow or tripled in market value, it wouldn't make a difference to me. But I don't knock people who feel differently. 



    Well said. I'm not going to bother buying a sealed Mario Bros. for $50K because I think its a "good investment". I'm going to buy one loose like a savage and play it because I love gaming and also the history. That's not to say if I found a sealed Mario Bros. I wouldn't take advantage and sell it, because I would. Nothing sadder to me than a sealed game to be honest, they are meant to be played!

     





    Whoever buys that from you wouldn't be opening it...you should open it if you want to make sure it gets played  
  • Exactly. Bullshit detector activated!  
  • Originally posted by: Sign Collector Guy

    Since Mario 100K was mentioned I have to express that holding it made me very moist. Maybe that's what having rare stuff does to some people...............And by moist I mean excited.



    image
    image
  • Originally posted by: Bronty



    Joe: Loose and sealed have always been separate markets. I've never known any significant sealed collector who spent any significant time/energy/money on loose. So, it's no dramatic change, it's nothing even remotely new or surprising.



    Loose carts dropping a bit isn't too shocking when their main purpose is play value and there are so many cheap or free play alternatives. Ive been saying for at least ten years that play value erodes to zero over time in the same way that reading value for comics approaches zero over time as waves and waves of reprints become available. In the long run most all you have left is collectibility value and if you have the same run of the mill loose double dragon cart that everyone else has, why would it ever go up significantly in price as a collectible? It has to be something more special than that. Loose carts got relatively expensive from what I can remember in the period you're referencing relative to cib and sealed. That never made any sense in the first place.    Loose carts have their place and are their own fun to collect, but they are always going to be third banana value wise, and likely growth-in-value wise too



    They have yes, but there was always a clear transition path to grow into bigger stuff. Now the jump from loose to sealed is unthinkable



    My collecting “career” started with buying anything and everything, then focus only on ANY Nintendo, then focus only on loose NES, then CIB NES, then rare CIB, and now it’s sealed fan favorites and 100% CIB stuff. I can't see a way to transition into sealed collecting anymore and we're just at the start of insanity.



     
  • Originally posted by: skinnygrinny



    I just hope it drops the prices of loose games.



    Plus 1 on this.

     
  • Originally posted by: Bronty



    The only time that breaks down is when values get to the point where collectors have to spend everything they can to get any copy at all. Really the only loose cart that even begins to apply to is SE.



    Noo that's the loosie we all need to drop. Quick everyone start predicting that loose SE will drop to $2000! Loose games are soooo 2016.

     
  • Originally posted by: Sign Collector Guy



    Since Mario 100K was mentioned I have to express that holding it made me very moist. Maybe that's what having rare stuff does to some people...............And by moist I mean excited.



    image



    Must...not.....photoshop.....

     
  • Joe you're a rare case then because in my experience people usually pick a condition they like early on and stay with it. People moving from loose to sealed has never been a thing.   Game collectors have been spoiled for a long time in that almost anybody could buy almost anything if they saved for a while .   That’s just not the expectation in other hobbies. 
  • Originally posted by: Bronty



    Joe you're a rare case then because in my experience people usually pick a condition they like early on and stay with it. People moving from loose to sealed has never been a thing.   Game collectors have been spoiled for a long time in that almost anybody could buy almost anything if they saved for a while .   That’s just not the expectation in other hobbies. 



    dan, you're a rare case. not many accountants collect video games!  

     
  • I can't wait until we see this in the hobby. Betting on a few mint Mario and black box games is for wimps. That's blue chip stocks. I want to see wild speculation on Where's Waldo then people hyping up Waldo as a pop culture icon on their Youtube show.



    image



    I'm telling you though, Ghost Rider #28 is going from $4 to $4.75, it's a sure thing.
  • I'm just really glad there's a pretty easy division between sealed and CIB games. The people who are in this to play the money games can stick with sealed and graded crap. Meanwhile, I doubt we will see all that much grading of CIB copies. It'll be there, but the majority of big timers will stick to their cellophane addiction.  If you want a copy of Action Comics #1, I don't think you can get a copy that isn't graded very easily (someone correct me if I'm wrong). Luckily, video games most likely won't be this way. We can live happily in our separate worlds.



    And yeah, loose NES prices are down, SNES are stable, but who didn't expect this? In 10-15 years, don't be surprised when you see some PS3 and Xbox360 games spike. It's gonna happen, it's the natural collector cycles and console generations.
  • Originally posted by: zi

    anyone here follow gary V? he's been on a nostalgic kick as of late which is making collecting (baseball, comics, games) even more mainstream and drawing in folks who generally spend disposable income in other ways.





    Love Gary. He has absolutely nothing to do with any rise in video games or video game collecting. He doesn't know a damn thing about video games other than that they are an easy flip at garage sales. If you were to say the mug and stuffed animals scene has blown up, then sure, I'd point to Gary.
  • Originally posted by: Bronty

    Joe you're a rare case then because in my experience people usually pick a condition they like early on and stay with it. People moving from loose to sealed has never been a thing.   Game collectors have been spoiled for a long time in that almost anybody could buy almost anything if they saved for a while .   That's just not the expectation in other hobbies. 





    This might be because I started game collecting when I was young, but I also transitioned from loose, to CIB, to sealed. I was only 16 when I started so sealed was an anomaly (and "expensive") but in about 5 years or so I was sending shit to VGA haha.
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