$1.5 Million Super Mario 64 Price CRASHES

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  • čas přidán 10. 09. 2024
  • Go to thld.co/geolog... to take the free skincare quiz to save up to 40% off on your 30-day trial! This video is sponsored by Geologie.
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    The price of the $1.5 million sealed Super Mario 64 has plummeted by nearly 50% in only two months. We discuss recent auction results and why the drastic drop.
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    #gradedgames #wata #gamecollecting

Komentáře • 431

  • @ThatsOnYoutube
    @ThatsOnYoutube Před 3 lety +146

    The year is 2046. Pat the Wii Warrior goes to the flea market, meeting Robo Frank 2.0 along the way. In a bin next to the Avengers 7 Red-Ray is the sealed $1.5 million dollar Super Mario 64 - marked down to $19.99 Bezos Bucks.

    • @juicyfruit6311
      @juicyfruit6311 Před 3 lety +9

      In the next booth, a robot, of small stature, ambles up to Robo-Pat.
      "Hey what's up buddy? My name is Tommy."

    • @integer0verload948
      @integer0verload948 Před 3 lety +3

      Cyberpat 2077 🤔

    • @beefyappa
      @beefyappa Před 3 lety +2

      Okay this seriously made my entire day, so hilarious.

    • @itzhiyate9809
      @itzhiyate9809 Před 3 lety +3

      And Cyber Warrio is still trying sell at EBay prices this far into the future

    • @FIXTREME
      @FIXTREME Před 3 lety

      Will 'Robo Frank' just be a repeating gif in the corner of the screen like those QAnon Trump videos with the fake narrator gif, while he "speaks" random funny voice clips?

  • @film79
    @film79 Před 3 lety +54

    Actually I'm the person that bought the Mario 64. I just messed up i mean to bid $150 but I had a muscle spasm and hit the 0 a few more times and then enter. Any way it was a fun game but not quite worth 1.5 Mill. On the bright side GameStop said they'd give me $4 of store credit for it.

    • @gyroninjamodder
      @gyroninjamodder Před 2 lety

      Why didn't you just buy it off ebay?

    • @jrs4516
      @jrs4516 Před 2 lety

      don't kill yourself just yet. buy every other mint grader mario 64 you can find and destroy them until you have the only one in existence.

    • @whunt5533
      @whunt5533 Před 2 lety

      Hahahahaha

  • @RamenWolf1485
    @RamenWolf1485 Před 3 lety +118

    Ian’s frustration regarding Pat now knowing who Yuji Naka was has got me rolling.

    • @Protoman00
      @Protoman00 Před 3 lety +5

      Ian was so done lol

    • @mickael486
      @mickael486 Před 3 lety +4

      I can relate to Ian. The way he looks at Pat... How many times do we need to repeat ourselves until we can move on? We get it! lol.

    • @oppyh
      @oppyh Před 3 lety +5

      That was excessive and prick like. Who the hell remembers odd names of Japanese video game creators? I barely know any American game creators, and I'm a hardcore "game person" for 35 years. Sometimes I feel bad for Pat, as it seems he wants Ian for a friend, and is always getting rejected by him. Ian just seems to despise Pat outside if the podcast. A lot of loathing, and snide comments on Ian's end.

    • @ParallelUniversity
      @ParallelUniversity Před 3 lety +4

      ​@@oppyh They seem to get along most of the time, but their personalities definitely clash in certain instances. Ian seems more knowledgeable about video games, and Pat seems more knowledgeable about business and practical matters of moves in the industry. Pat is the ego-driven go-getter and Ian is the more introverted intellectual. I think Ian gets most annoyed when Pat treats him like an employee more than an equal partner. Pat seems frustrated when Ian doesn't contribute in ways that he expects him to, but he usually makes a joke about it rather than show frustration, which gets under Ian's skin.

    • @oppyh
      @oppyh Před 3 lety +1

      Cuzjudd
      Why? What are the names of the creators of Pac Man, Space Invaders, Outrun etc.? I don't know. I don't care, but I can recognize the importance of the games. You can be a 40 year old hardcore gamer, and not recognize Japanese names of the games origin. Not sure why that is a thing.

  • @IanNewYashaTheFinalAct
    @IanNewYashaTheFinalAct Před 3 lety +55

    4:22 "the _person_ who bought the [$1.5m] is not too happy"
    **organization, *collective, or *entity maybe. No **_person_** in their right mind would pay for that thing*

    • @JBird401
      @JBird401 Před 3 lety +10

      *Cough Inside trading *Cough

    • @moonbot7613
      @moonbot7613 Před 3 lety +4

      @@JBird401 its money laundering and done with art for years

    • @LarryLopez91
      @LarryLopez91 Před 2 lety

      *Collectionist

    • @IanNewYashaTheFinalAct
      @IanNewYashaTheFinalAct Před 2 lety +1

      @@LarryLopez91 the collectionist got outbid, that’s why his dad took him out for some Jumbo Jacks 🍔

  • @iraplikeyoubreathe
    @iraplikeyoubreathe Před 3 lety +42

    Fun fact : Yuji Naka has no idea who pat the nes punk is.

  • @Sperminski
    @Sperminski Před 3 lety +115

    I’m not sympathetic to these investors. These “people” are a detriment to every hobby they enter. Let them all go bust.

    • @bobafett4265
      @bobafett4265 Před 3 lety +2

      Yep, let's watch them destroy themselves eh? 😈

    • @marktubes3419
      @marktubes3419 Před 3 lety +2

      Hear Hear!!

    • @saddq1
      @saddq1 Před 3 lety +4

      Indeed. These people know nothing about videogames, have probably never played one and couldn't tell Mario from Pac-Man. They DO have a shitload of money to burn though. Let it burn, burn!

    • @jesuszamora6949
      @jesuszamora6949 Před 3 lety +5

      I don't disagree, but I always find it funny when guys like Pat abd MetalJeausRocks complain about this. It's a problem these hoarders have created and exploited. When they complain about Wata/Heritage, it always smacks of "only WE should be able to do this stuff!"

    • @jewwario9214
      @jewwario9214 Před 3 lety +2

      Wata they mad about?

  • @MonguzTea
    @MonguzTea Před 3 lety +5

    The 1.5m was a wash sale to establish the price, the second sale was the real scam. This happens in NFTs all the time.

  • @iron101
    @iron101 Před 3 lety +42

    Even though im pretty numb to rich wankers who have thousands to blow, I get where youre coming from Pat. Their stupidity when purchasing these games ultimately effects everybody that is into old school games.

    • @Ret_Chrogames
      @Ret_Chrogames Před 3 lety +3

      I see this argument comes up all the time about “everybody who is into retro games.” I literally see Mario 64s on eBay for 30$ still 2 months after the 1.5 million “sale,” and Sonics are still going for 10$ on eBay, so how is it affecting “everyone who is into retro games?”

    • @davidlloyd1526
      @davidlloyd1526 Před 3 lety +4

      Actually, rich people really hate losing money. It's a game played like a highscore for them.
      When prices spike like this, it's just two people who know each other trading... I could pay you 1.5mill for something, if you agree to give me the money back straight away :)

    • @vendora1
      @vendora1 Před 3 lety +1

      @@Ret_Chrogames sealed vs unsealed dude

    • @Ret_Chrogames
      @Ret_Chrogames Před 3 lety +5

      @@vendora1 so that’s not “everyone who is into retro gaming” then, right? People who are collecting to “play the games” aren’t usually going after sealed copies. The sealed collectors are their own circle, us average game collectors is a different scene, so why is it being framed as “it affects everyone?”

    • @vendora1
      @vendora1 Před 3 lety +4

      @@Ret_Chrogames because it influences the floor of the price for unsealed AND sealed games simple economic theory man jfc there is always overlap and yes even in your own groups niches cliques it can be affected its called greed just like a virus it infects EVERYONE no matter how siloed you are

  • @ReservedInvestments
    @ReservedInvestments Před 3 lety +55

    Grading arcade cabinets is going to be the next big thing! You heard it here first! (Now how do we get a plastic slab on this thing?)

  • @rojoshow13
    @rojoshow13 Před 3 lety +43

    I'm sure the price would have crashed eventually anyway, like you guys said, bubbles burst. But I like to think that your recent videos and Karl Jobsts videos, exposing the BS and corrupt business tactics was directly responsible for it happening so soon. I hope all non video game collecting speculators start losing their ass on their investments.

    • @rojoshow13
      @rojoshow13 Před 3 lety +1

      I'm just hoping the price of the Mario N64 game is an indication of a coming trend. That's all.

  • @575forza
    @575forza Před 3 lety +18

    If Nintendo has any liquidity issues later on, they should just give wata all their dead stock. I bet they have over "100 million dollars worth" of copies of this game. So silly.

    • @migueldias8546
      @migueldias8546 Před 3 lety

      Nintendo is a Japanese company, they don't carry dead stocks (not in any proportion you may imagine). They don't even keep stuff usually. Preservation is not a Japanese thing, they always look forward.

    • @shootermcgavin1208
      @shootermcgavin1208 Před 3 lety +3

      @@migueldias8546 They sure do love selling you their older library of games over and over again with every new console.

    • @575forza
      @575forza Před 2 lety +3

      Look up a Kotaku article called "Inside A Nintendo Storage Room, Where They Keep Their Old Stuff" Its an article about all their old stock they definitely dont still have in a warehouse anymore.

  • @thomasj5024
    @thomasj5024 Před 3 lety +10

    the reason the 1st copy went for 1.5 million is because that bidder and the winner of the most recent 800k auction were battling it out. now both of them own one. it's gonna get lower from here. not that many people want to pay close to a mill for mario 64.

  • @Toonrick12
    @Toonrick12 Před 3 lety +9

    Just a heads-up, an auction for Sonic 1 went for $430,500. It's noteworthy because Yuki Naka basically said in a reply "Is this a Scam?" and Goldin went on the PR defensive.

    • @HES9
      @HES9 Před 3 lety

      Really?? Incredible.

  • @DoneRandomLee
    @DoneRandomLee Před 3 lety +11

    80l for a sealed mortal kombat? Gosh just buy the arcade machines at that point. You can probably get a pristine cabinet and a fully perfectly refurbished and future proof cabinet to enjoy. I thought the tcg market was crazy but at least that makes sense. Having a sealed alpha box of magic the gathering not only is rare but it assures it hasn't been tampered with so no one found a way to open it up, open the packs, take out the black lotus and seal it all back.

    • @superbn0va
      @superbn0va Před 3 lety +2

      It’s a matter of time before Arcade cabinets become very very expensive

    • @johnr.1592
      @johnr.1592 Před 3 lety +4

      @@superbn0va Full sized arcade machines are not portable enough to change hands often enough for these fake values, too easily damaged during transport as well.

    • @ManaDrain315
      @ManaDrain315 Před 3 lety

      There was no such thing as a factory sealed MtG Alpha booster box, and the wax packs were completely searchable for every set up to Fallen Empires. I wouldn't trust any Alpha booster to be unsearched.

  • @parakathepyro
    @parakathepyro Před 3 lety +12

    You know who needs to get into the game grading service? Soulja boy

  • @superscatboy
    @superscatboy Před 3 lety +1

    I don't remember ever seeing seals on Megadrive games back in the day.
    I'd pick up the case off the shelf, take it to the checkout, they'd go out back and get the cartridge, put it in the box and give it to me.

    • @freddiejohnson6137
      @freddiejohnson6137 Před 3 lety +1

      Most stores did that but if you got games from certain places and the game was fairly new chances are they had a load of stock out back still sealed. Same if you were to buy something from a mail order place they would still be sealed.

  • @mickpatel5126
    @mickpatel5126 Před 3 lety +3

    Nobody actually spent 1.5m on the game. It was WATA and their goons just bid shilling…

  • @SuperMoleRetro
    @SuperMoleRetro Před 3 lety +19

    Good analogy. Graded games and NFT's are meme stocks.

    • @Dre2Dee2
      @Dre2Dee2 Před 3 lety +2

      They are not even meme stocks, because as stupid as they are, its still a company' stock. Thats a legitimate asset (even if its a bad one)
      Graded games are BEANIE BABIES

  • @theeiszeitmann928
    @theeiszeitmann928 Před 3 lety +2

    Super Mario 64 CIB is what $40-$50 so the shrinkwrap is worth about $1,4999950. Wau shrinkwrap is the most valuable substance on the planet .

  • @garyarsenian2819
    @garyarsenian2819 Před 3 lety +3

    There is a scenario where the guy who bid 1.5 million didn't get screwed over but in fact came out ahead. What if that auction was another shill bidding? And this guy who bought in for the 799k is the one who got conned thinking the value was higher because of the 1.5 mil sale?

  • @otaconz1147
    @otaconz1147 Před 3 lety +15

    after i thought about my skincare, i would love to see someone sues WATA

  • @bluesmokegamer272
    @bluesmokegamer272 Před 3 lety +6

    We're still assuming the $1.5 million actually changed hands. We've still not seen any financial transaction records to prove someone actually paid the $1.5 million.

    • @Ret_Chrogames
      @Ret_Chrogames Před 3 lety +1

      Someone did confirm being paid the 1.5 million on Facebook in one of the sealed groups.

    • @phillipshultz3446
      @phillipshultz3446 Před 3 lety

      @@Ret_Chrogames someone claimed they paid a kings ransom for a graded video game that was printed into the millions, on a facebook group no less.....lets think about that and how credible it is :()

    • @Ret_Chrogames
      @Ret_Chrogames Před 3 lety

      @@phillipshultz3446 I’m saying the person who sold it came forward snd confirmed he was paid.

  • @tysondogg242
    @tysondogg242 Před 3 lety +8

    so basically the 2 people who wanted it the most have been taken out of the bidding picture, and the price will continue to drop. The amount of people willing to pay close to a milly for that game can probably be counted on 1 hand.

  • @SquidRider
    @SquidRider Před 3 lety +5

    There are still cases of this game out there lol. (6 games per case), I know of 2 or 3 people in the N64 collector's groups on facebook alone that have a CASE. What's funny is you KNOW a CIB Sculptor's Cut wouldn't bring a million in because people that aren't into collecting, don't know what it is xD. Idk man this is silly goosery.

  • @zackschilling4376
    @zackschilling4376 Před 3 lety +11

    Yeah, when those sealed Atari games went for that much my Bravo Sierra indicator went haywire. There are probably so many shipping boxes of sealed Atari 2600 games still out there as the market crashed at the peak or near the peak of its popularity so sellers got stuck with a lot of product. Now I remember later Atari games being cheap but Im sure there were plenty left.
    Well not everywhere was selling Atari games for cheap. My local Ace True Value was selling ET for pretty much its release retail price. They even had it in the window for years.

    • @cabbusses
      @cabbusses Před 3 lety

      Wait, your Ace True Value has video games?
      I'm pretty sure mine doesn't.

    • @zackschilling4376
      @zackschilling4376 Před 3 lety

      @@cabbusses They had "a" game, I dont know why. It sat in that damn window for years.
      It just shut down a lil while ago. RIP Adzia True Value Hardware

    • @cabbusses
      @cabbusses Před 3 lety

      @@zackschilling4376 D'awww. Maybe I shoulda tried getting that copy, I don't have an E.T. in my Atari collection.

    • @Blue-zw8er
      @Blue-zw8er Před 3 lety +1

      @@cabbusses Go dig a hole in your backyard. You might find one.

    • @cabbusses
      @cabbusses Před 3 lety

      @@Blue-zw8er Sadly, I'm not anywhere near New Mexico.

  • @ahdnoh
    @ahdnoh Před 3 lety +3

    I am inclined to believe all dislikes on this channel are from Tommy Tallarico.

  • @David-sx9km
    @David-sx9km Před 3 lety +8

    There is a big rip in that sealed Sonic that went for 400k, bottom right on the font big rip.

    • @madjoe8622
      @madjoe8622 Před 3 lety +2

      yeah WATA grading is a joke. I see very often 9+ games on ebay with damage box/seal, dirty seal, wriggled seal, etc.

    • @mattdubovik3082
      @mattdubovik3082 Před 3 lety

      @@madjoe8622 wow you sound clueless lmao

    • @madjoe8622
      @madjoe8622 Před 2 lety

      @jshowa o I agree 100%

  • @juannunez5767
    @juannunez5767 Před 3 lety +5

    If you can't explain the value of something then the value isn't real. We can explain why a game has artistic or historic value. In some special case, we can even make a case that it's very rare. But no one can explain why a grade should inflate the value of an item 10x 100x or even over 1000x. If you're investing in graded collectibles, you need to think about that.

    • @BainesMkII
      @BainesMkII Před 3 lety

      Grade in theory is a guarantee of physical quality, and physical quality very much affects value. People don't question that a "Very Fine" 9.0 Graded copy of Action Comics #1 might sell for 15x what you'd get for a "Good" 2.0 Graded copy, because the grade represents the physical condition. People also wouldn't question an ungraded copy selling for less than the 9.0 copy, because the 9.0 copy has (at least in theory) been judged by authorities to be of 9.0 grade, while the ungraded copy could be hiding anything number of value-lowering factors behind its cover.
      As for the value of art, at a personal level it is entirely subjective while at larger levels it can start to fall into vested interests and scam/collusion territory.

    • @juannunez5767
      @juannunez5767 Před 3 lety +2

      @@BainesMkII ​ In theory, the function of a grading system is to guarantee a certain standard for physical quality, but in practice there isn't a true standard to judge physical quality. It's all totally subjective. I'm familiar with the coin market, which is very old and as been using grades since the 1980's It's pretty common practice for people to resubmit the same coin for grading multiple times inorder to get the best grade possible because the grading is up to whoever is grading. If you sell coins to a dealer, the dealer will always ignore the grade and judge the coin themselves when determining the price. Grading isn't even a guarantee of authenticity since slabs can be faked. You can buy them off Aliexpress. Items need to be authenticated everytime even if graded. In practice, a graded copy of Action Comics #1 sells for more than ungraded copy because it's a graded copy. Not because the grade itself serves any real function. There is no real guarantee.

    • @vendora1
      @vendora1 Před 3 lety

      is why there needs to be UNIVERSAL STANDARDS not what it is now tbh across all collectibles

  • @Cowinspace
    @Cowinspace Před 3 lety +6

    Almost like the original was artificially pumped up to benefit the companies involved.

  • @darkspartan566
    @darkspartan566 Před 3 lety +3

    its awesome to have a sealed game but just imagine if you have an unopened battery save cartridge and the battery busted all on the pcb?

  • @hsuevents
    @hsuevents Před 3 lety +1

    It's because Wata etc are buying at that price and no actual money is being exchanged

  • @mjcook3922
    @mjcook3922 Před 3 lety +3

    The shitty thing is that when the price does come tumbling down even 100k will look like a deal to some joker compared to 1.5 mill

  • @kaneda4102
    @kaneda4102 Před 3 lety +4

    I’m questioning how legit the sale was of the 1.5 mil Mario. With so many of these probably sitting in a store room at heritage it smells of manipulation.

  • @JohnSmith-zl8rz
    @JohnSmith-zl8rz Před 3 lety +10

    The dentist lost millions this week.

  • @FreezeInfinite
    @FreezeInfinite Před 3 lety +3

    I don't think the guy who bought that $1.5m Mario lost money because it was BS to begin with. It was a scam sale. It was never worth that.

  • @electronash
    @electronash Před 3 lety +7

    The best videos start off with... "IAN!..."

  • @WilSan74
    @WilSan74 Před 3 lety +3

    I want to see a grader that grades WATA and VGA gradings and then puts another acrylic box over the acrylic box.

  • @JMLRetroRoom
    @JMLRetroRoom Před 3 lety +2

    WATA will just initiate POP control and the next ones won’t get near that grade.

  • @KamakazeEkun
    @KamakazeEkun Před 3 lety +1

    Okay was this purchased by an individual or from a member of Wata? Because just a few weeks ago its was discovered that someone from Wata was purchasing these games.

  • @perezkoala
    @perezkoala Před 3 lety +2

    I doubt that someone would spend 1.5 Mio if there are similar offerings in Ebay.
    I wouldn't be surprised if they find some money laundry, financial books manipulation (ie, can ask a loan based on the value of your game collection), or similar.

  • @inthefade
    @inthefade Před 2 lety +1

    I appreciated the Gem and the Holograms reference even if no one else did.

    • @Solodolo84
      @Solodolo84 Před 2 lety

      "Glamor and glitter, fashion and fame. Jem"🎶🎶🎶

  • @slusheewolf2143
    @slusheewolf2143 Před 3 lety +2

    I think the real pronunciation of the lowest point of the zenith is Nuh-deer. Don't ask me. It's not like some of us have it as first names tho lol

  • @jamespaters8665
    @jamespaters8665 Před 3 lety +1

    someone should build a website that tracks all sales of wata items , then count how many times that sold and how much, just like
    other websites.

  • @preslove
    @preslove Před 3 lety +12

    I think this one went for half because it's a different auction house, so the shill bidders from the heritage/wata scam didn't bid up the price.

    • @JJ-et7il
      @JJ-et7il Před 3 lety +4

      I'm positive whoever bought the first one is in business with the seller. No way anyone does that unless they're trying to set a precedent. The 2nd one should have probably only sold for like 80-100k but because of the first one... they got 800k. Plus other auction has their own shills. The grading scene for auctions is a shit show. All these whales elevating the value by hoarding top cards and buying their own cards with alt accounts at high prices. PCCW or whatever got kicked out of ebay for shill bidding. It's a really common thing sadly.

  • @ARDIZsq
    @ARDIZsq Před 3 lety +1

    I'm glad this bubble seems to be beginning its burst. I swear, even cart only games are insane. A loose cart of Gunpey for the Wonderswan with a fucked up label will cost you $30 on eBay, but a compete in-box copy in Japan will set you back $8. That's almost 4x the price for a vastly inferior product. I own a Wonderswan, but no games because the prices are too much for me. (I don't have a job due to the world situation currently and I have no other source of income)

  • @joshvgame
    @joshvgame Před 3 lety +2

    I get Pat's point about the snes boxes, cardboard is so much harder to keep it nicer looking.

  • @adamcheesman1270
    @adamcheesman1270 Před 3 lety +1

    VGA do have pop reports you have to email them to get it though saying what game you want a report on

  • @freddiejohnson6137
    @freddiejohnson6137 Před 3 lety +1

    They artificially tried to raise the price of a game with a fake auction then are surprised when no one want to buy it off them for more? I could have understand when it was some of the rarest games that had ver few copies produced going for high prices just because it is practically one of a kind to still be in near perfect condition. However to think people will believe the value of three of the most common games are worth more is proof they never thought it through very well as there are multiple versions of those games in near perfect condition going for a fraction of what they were sold for. This is obviously thinking the name on the box is worth more than the rarity of the actual games.

  • @kkjhn41
    @kkjhn41 Před 3 lety +1

    You're missing the point about the most crazy and perhaps shady aspect of the Sonic copy. It's graded at 9.4 yet it has obvious tears and damage of the "seal" which by any stretch of the imagination makes that grade look completely fake. This seems to be a blatant attempt to pump up the value of Sega games and jump on the Nintendo inflated price bandwagon without even making a pretense at realistic grading.

  • @Jerakk30
    @Jerakk30 Před 2 lety +1

    I don't trust anything coming out of WATA or HA because of their artificial inflating of prices. HA has already been nailed before for doing the exact same thing that they've been doing for the video game market.

  • @The90sGamingGuy
    @The90sGamingGuy Před 3 lety +1

    Its absolutely crazy Super Mario 64 sold for 1.5 million when millions of carts were made and sold. I am very happy to hear that price crashed. At most a sealed copy is worth 150.00 USD in my opinion. Also the game being available for Wii,Wii U, flash carts and Switch will likely keep a super high price at bay. Very interestimg story one for the news outlets to run with and have a great day.

  • @kyleolson8977
    @kyleolson8977 Před 3 lety +1

    Valuable art is unique, the original copy or close to it, and is still more than just rarity.
    The value of the Mona List is not the shape, and it's not even *entirely* the art, it's the reputation of that thing. Wikipedia notes it became famous in art circles in the mid 19th century, but even then the public wasn't familiar it. The Mona Lisa didn't reach the status as the most famous painting in the world until the early 20th century when it was stolen for two years. While it's an amazing work, that extra history has value.
    There are plenty of unique works by artists now and past with little value. You can make one right now!
    Old comics that have high value are simply hard to find as a whole. Action Comics #1 in any shape has value. The best quality copy of X-Men #1 isn't worth anything.
    One of the most common video games ever in a really nice box is not special. There could literally be a pallet of these somewhere lost no one has discovered waiting to be graded by someone to slowly sink the market.

  • @elysiumguard
    @elysiumguard Před 3 lety +1

    Pat - the 95 VGA is UNCIRCULATED!! that means that it is from a factory case of 6 games. CASE FRESH!! There are 5 more of these with possibly the same grade!

  • @carpetpunter158
    @carpetpunter158 Před 3 lety +2

    It's PSA (Nat Turner) not CGC which owns Goldin now.

  • @av4010
    @av4010 Před 3 lety +1

    the look on Ian's face at 16:21 LOL

  • @mazzith
    @mazzith Před 3 lety +1

    Most likely the seller and buyer are the same person and they own heritage. They did that to sell off all the other used game they paid pennies on the dollar for to get someone to pay 250k for a game they paid 5k for.

  • @clownworld5474
    @clownworld5474 Před 3 lety +1

    Some of the bidders/buyers aren't legit. The grading company and the auction house are
    just pumping up prices. The VGA game and auction was probably legit though. I doubt anything that comes from Heritage/WATA

  • @SkateSoup
    @SkateSoup Před 3 lety +1

    Beyond the shills pumping their grading company's stuff, the VGA 95 selling for 1/3-1/4 of the price of the WATA proves the people buying this stuff don't know shit about the games and grading and are just chasing the headline. Speculators just going "it's that exact thing in that exact slab, I'll have one of those", and when you speculate with zero information about the commodity you're going into, 99 times out of 100 you're gonna lose a ton of money.

  • @64jcl
    @64jcl Před 2 lety +1

    I recently bought a very nice condition Mr. Do's Castle by Parker Bros for the Commodore 64 for €80 - a game I have likely seen no more than 3 times in over 10 years of collecting. That is a rare game, not this sealed Super Mario 64 nonsense. The investment collectors business is a joke.

  • @robertjcarr123
    @robertjcarr123 Před 3 lety

    I hope the price drops out because I need a copy but people on ebay seem to think a junk cart with a bad label is worth 35-40$ that's nuts for Mario64

  • @uselessDM
    @uselessDM Před 3 lety

    I wonder whether we will see games getting ungraded or unsealed to raise the values of the copies that have been sold at a very high price. I mean if you are rich enough to buy that 1.5 mill copy, you can probably buy some more copies if they get really cheap comparatively (like 20 or 30k) and just basically destroy them to raise the value of your game.
    Unless there is an basically endless supply of sealed copies in fantastic condition, which might well be the case. There could easily be hundreds or thousands out there.

  • @DownKneeFresh
    @DownKneeFresh Před 3 lety +1

    It's worth noting that even population reports aren't fully accurate because people will break open cases and resubmit things if they aren't happy with a grade.

    • @MREHUSTLER3043
      @MREHUSTLER3043 Před 3 lety

      I can only imagine that if population reports were being published then seal cracking for a new grade would be less common because that would artificially inflate the number of copies know to exist and that would drive the value down faster.

  • @sgr7th
    @sgr7th Před 2 lety

    thing is, when the first copy drops by 600,000 dollars, it psychologically hurts the game's image and people will know that the game isnt that hot. thus making them pay less and less when they realize more of those copies can circulate the market at any time. its kinda like trading cards where everyone's getting all hyped up and overpays, then all of the sudden somebody dumps their shit on the market or everyone involved catches ADD.

  • @sebastienmillon6149
    @sebastienmillon6149 Před 3 lety +4

    Similar deal in sport's cards with the 86 fleer mj psa 10 run-ups. Lot of shady manipulation going on in bg, but at least with cards we have pop reports.

    • @rogersherman5391
      @rogersherman5391 Před 2 lety +1

      Just gotta stick with psa, sgc or bgs with sports cards. I wouldn’t buy anything Jordan currently though his stuff is way too high been collecting other rookies like Peyton Manning, lebron, Tom Brady though as they could rise.

    • @sebastienmillon6149
      @sebastienmillon6149 Před 2 lety

      @@rogersherman5391 yeah, I personally tend to stick to mostly goat-level players, MJ/Kobe/Bron (Bron main focus), then some Curry, KD, and Duncan. I like the rarer inserts/and some case hit cards from panini era. If I collected football def be buying Brady and Manning. Brady is gold standard, would be trying to find some of his nice but off-beaten path cards that haven't mooned yet.

    • @sebastienmillon6149
      @sebastienmillon6149 Před 2 lety

      @@rogersherman5391 also, I think a lot of really nice cards of strong hof players from 90s basketball are good value, like Pippen and Hakeem

  • @PurpleFoxArcade
    @PurpleFoxArcade Před 3 lety +1

    Heritage auction was a hustle.

  • @AlbertoGonzalez-hi1og
    @AlbertoGonzalez-hi1og Před 2 lety

    My first computer was a c64..I'm glad you finally took the time to revisit this forgotten treasure coming straight from the 80s

  • @maindave1
    @maindave1 Před 3 lety +2

    When you grade a sealed copy of a game, how do you know if it’s even in the box?

  • @thromegaawesome
    @thromegaawesome Před 3 lety +1

    I think they'll start buying them all up to create a false scarcity in order to bring the amount back up and keep it there.

  • @xgringox5417
    @xgringox5417 Před 3 lety +1

    It sold for so much cause they rigged the market before they were called out. If it was a One of a Kind only 9.8 aa+ rating I could see that high of a price of 1.5mill but there is no way its worth that much in any way as a collector or not when it's not a One of kind!!

  • @gallycat99
    @gallycat99 Před 3 lety +1

    Nice Jem reference, Pat @4:35

  • @cloudtx
    @cloudtx Před 3 lety +5

    Kinda offtopic but Sega were really ahead of their time with their packaging. Those old cardboard boxes for SNES/64 sucked.

    • @sickregret
      @sickregret Před 3 lety +1

      Cardboard is way better for the environment then millions of plastic cases that never decompose.

    • @cloudtx
      @cloudtx Před 3 lety

      @@sickregret Fair enough. I respect your view but personally, as a collector? I prefer all my games to be in good shape with everything including the packaging/container.

  • @RetroHabit82
    @RetroHabit82 Před 3 lety +1

    There will be more 9.8 Probably came from the same sealed case.

  • @2wheelsoffroad730
    @2wheelsoffroad730 Před 3 lety +1

    One comparison that I feel never gets made that makes it obvious these aren't video game enthusiasts is because why would any one get ONE sealed common game they can't play that costs as much or more than what it would cost to buy every CIB game they like for every game system ever. 1+ million dollars can buy ALOT of games lol

  • @travisr1324
    @travisr1324 Před 3 lety +1

    Actually a lot of later Genesis games did come in cardboard boxes. Also, Ian mentions that you can buy a nice CIB Sonic at his store for $20, that's probably the NFR version, which is a lot more common.

  • @FIXTREME
    @FIXTREME Před 3 lety +1

    I still don't see the point of buying old games in the age of Everdrive and repro carts

  • @Walaoumpa
    @Walaoumpa Před 2 lety

    Funny enough on sealed Dreamcast: I pick-up sealed intact PAL /EU Dreamcast games when I see a decent deal because the case is beautiful but also very fragile (just opening the case a few times likely damages it). It’s also relatively cheap (most games are in that 20-60$ range, and then the heavies are worth more).
    Certainly has nothing to do with the WATA craze or any investing - they just have heavy nostalgia to me and are unique items compared to any other video game case I’ve seen.

  • @brady9592
    @brady9592 Před 2 lety

    It does affect regular people getting taken for a ride with the promotion of buying shares of games. I continue to see it, CZcams retro game channels with sponsored segments cheerily telling audiences they can get a piece of Wata graded games on Otis.

  • @jonathankulesa
    @jonathankulesa Před 3 lety

    I purchased a graded game like 10 years ago, which is a crazy story... I was looking on eBay for a copy of Data East Classics on Wii and came across one sealed... GRADED, AND ENCASED!... The price the seller was asking was essentially the same price as a going sealed copy of that game... Needless to say, I made the purchase and contacted the seller and they proceeded to tell me that there was a "strong protective plastic case" around the game, and that they thought about removing it after finding it at their local Goodwill in Coral Gables, FL... The only graded game in my collection... lol... Wild...

  • @quezcatol
    @quezcatol Před 3 lety +1

    The bubble is already happening, someone paid 800k for a mario 64 and think he made a super good deal!

  • @Pupppeteer
    @Pupppeteer Před 3 lety +1

    I feel bad enough buying new games and losing value immediately never mind buying Super Mario 64 and losing 1.3 million of value on it a few weeks later

  • @_PatrickO
    @_PatrickO Před 3 lety +2

    I get doing ads, but can't you guys just try the stuff out and then give a normal pitch rather than read a cringe script?

  • @Beowulf891
    @Beowulf891 Před rokem

    I collect PC games and I unseal just about everything I get. SHRINKWRAP is actually bad for cardboard boxes, especially the flimsy stuff big boxes were made out of. Unwrap it and put it in a protector... if possible. I've had to do a little work on sealed boxes because the shrink straight up damaged the box.

  • @IanNewYashaTheFinalAct
    @IanNewYashaTheFinalAct Před 3 lety +7

    16:45 ngl, I had to google who he was to find out that he is basically to Sonic as Shigeru is to Mario

  • @shane_MK
    @shane_MK Před 3 lety +3

    Thank God there's no such thing as sealed arcade cabinets.

    • @undamned
      @undamned Před 3 lety

      There have been warehouse finds with an unopened arcade cab, but it's quite rare.

  • @randylewis1779
    @randylewis1779 Před 2 lety +1

    I wonder if the grading company is having personal bidders they are friends with buying these games at outrageous prices to try and build the hype no one unless there smoking heroin would ever think of buying a common for these prices there trying to cash in on the public. Shame on them .

  • @KartKing4ever
    @KartKing4ever Před 3 lety +2

    It makes sense. Spending $1.5 million on an N64 game really is insanity.

    • @theeiszeitmann928
      @theeiszeitmann928 Před 3 lety +1

      Yeah and than tomorrow someone finds a pallet with 5,000 Sealed copies and the resale value goes $5. i mean if there sold 10 million they properly made 11-13 million copies.

  • @DarkstarArchangel
    @DarkstarArchangel Před 3 lety

    There's no reason for a regular game to be set at a HIGHER price for what you purchased for those official 'Nintendo World Championship' carts.

  • @unique_mushroom
    @unique_mushroom Před 2 lety

    its crazy that the grading company also gets a big percentage upfront of whatever the game’s speculated value is. it makes sense that they would want the most common games to be highly valued so when all these people send in their copies to be graded they’ll profit off all of them. they’re scum.

  • @ryanmcintee
    @ryanmcintee Před 3 lety

    Can someone drop a source for the price drop? I havent been able to find one.

  • @matthewbryant2972
    @matthewbryant2972 Před 3 lety +2

    I worked at a store... with the most hilarious backroom, where 4 years ago, there were formerly sealed N64 games, with torn seals... from being stored on the ground in a pile of $1 comics and other crap.
    What was more hilarious is I brought it up to the owner and he was all, "oh yeah, the seals broke. ...it's fine, you know we can reseal those right? There's nothing special about the wrapping." And he claimed to test out the authenticity by getting a sample new game resealed. The games were sealed and not tampered with, but, in Nor Cal, the veterans all know they can reseal them and nobody can tell.

  • @Darkdjinn79
    @Darkdjinn79 Před 3 lety

    Can’t explain it???? What??? It’s auction houses and a few buyers bloating the prices for a quick buck. None of these big games are worth it.

  • @DTailorUK
    @DTailorUK Před 2 lety

    I love this podcast format on this channel!

  • @spatoola
    @spatoola Před 3 lety +3

    Pat can't wrap his head around people collecting things he doesn't.

    • @neatuhfajita9128
      @neatuhfajita9128 Před 3 lety

      Thing is he does collect sealed

    • @spatoola
      @spatoola Před 3 lety

      he’s practically saying a brand new sealed sega game is silly to collect.

    • @PatTheNESpunk
      @PatTheNESpunk  Před 3 lety

      @@spatoola It is.

    • @spatoola
      @spatoola Před 3 lety

      @@PatTheNESpunk fair enough

  • @InfiniCalendar
    @InfiniCalendar Před 3 lety +1

    I miss Tales from the Game Store😢

  • @Schooner316
    @Schooner316 Před 3 lety

    It probably wasn't an individual who bought that 1.5mil cart. It was probably a collective who bought those shares in a game as an investment. Likely many Joe Blow's lost their skin.

  • @stephendallasdraws2929

    I think most people who buy these objects for $1.5 million are planning to hold them for 30+ years. So they probably understand that it's going to generate buzz and have more games go into circulation. Knowing that I think that all of these perfect WATA games are going to definitely break those boundaries, even with 20-30 copies in circulation. Confusing short-term, flipping mentality with long-term investing throws these little bubbles all the time.

  • @JohnSmith-zl8rz
    @JohnSmith-zl8rz Před 3 lety +8

    Imagine open the VGA copy and damage it on the process, grading is so stupid.

    • @garystinten9339
      @garystinten9339 Před 3 lety

      Each grading should be recorded and a video made to justify each grading and therefore no arguments after an official grading has been recorded into an official catalogue

  • @Clay3613
    @Clay3613 Před 3 lety +2

    The person that bought the million dollar Mario ain't a person, it was Wata/Heritage themselves.

  • @philipcohen7192
    @philipcohen7192 Před 3 lety +3

    Jem is excitement glamor glitter fashion and fame

  • @crazymike8057
    @crazymike8057 Před 3 lety

    I Kind of call bullshit on these people, because when I bought the first games (released on the N64) being Mario 64, Pilotwings 64, Wave Race 64 and Killer Instinct Gold they were in boxes and only sealed by a sticker. It may have only been a limited run (I remember games and controllers were hard to find that holiday season) but they were the first released.
    They were sold in Toys R Us and Target, before games had those stupid bar codes on them. I remember opening them and pointing out they didn't have shrink wrap, so how they fuck are they legit copies when they're not wrapped properly and graded that way?