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   /  General Technology (No Console Threads)
      /  Exposing FRAUD And DECEPTION In The Retro Video Game Market
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number6 
Exposing FRAUD And DECEPTION In The Retro Video Game Market
Posted on 27-Aug-2021 16:36:12
#1 ]
Elite Member
Joined: 25-Mar-2005
Posts: 11259
From: In the village

@all

Extremely well researched and detailed video (long) from the other day:
https://www.youtube.com/watch?v=rvLFEh7V18A&t=2772s&ab_channel=KarlJobst

I see the opposition has issued a response:
Heritage Auctions Responds To Allegations Of "Fraud And Deception In The Retro Video Game Market"

I get the sense this could be a big story.

#6

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saimon69 
Re: Exposing FRAUD And DECEPTION In The Retro Video Game Market
Posted on 27-Aug-2021 18:27:22
#2 ]
Regular Member
Joined: 7-Dec-2007
Posts: 284
From: Los Angeles, CA

@number6

Waiting for the Amiga Scalpers episode ^___________________^

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number6 
Re: Exposing FRAUD And DECEPTION In The Retro Video Game Market
Posted on 27-Aug-2021 22:13:32
#3 ]
Elite Member
Joined: 25-Mar-2005
Posts: 11259
From: In the village

@thread

725,000 views of the vid so far, plus it's spreading like a wildfire.

Author's twitter

Basically...more coming.

#6

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klx300r 
Re: Exposing FRAUD And DECEPTION In The Retro Video Game Market
Posted on 29-Aug-2021 20:36:28
#4 ]
Elite Member
Joined: 4-Mar-2008
Posts: 3683
From: Toronto, Canada

@number6

what a joke it's always been buyer beware in every single type of collecting market (hobby)! Any seller can ask any amount of money for his/her item BUT that doesn't mean they will get it..this type of stupidity has been happening on EBay for decades..."RARE, one of a kind, graded by God himself, 11/10 etc etc



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fishy_fis 
Re: Exposing FRAUD And DECEPTION In The Retro Video Game Market
Posted on 31-Aug-2021 1:49:58
#5 ]
Super Member
Joined: 29-Mar-2004
Posts: 1967
From: Australia

@klx300r

So, you didn't watch the video or read anything about the topic at hand then?
This has *nothing* to do with inflated ebay, etc prices.
Its about ACTUAL fraud. Organised between a few well established entities.

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fishy_fis 
Re: Exposing FRAUD And DECEPTION In The Retro Video Game Market
Posted on 31-Aug-2021 1:52:51
#6 ]
Super Member
Joined: 29-Mar-2004
Posts: 1967
From: Australia

I'm more curious as to why *this* particular video went viral.
This has all been public knowledge for a long time.
The auction house has been caught multiple times inflating prices with fake bids going back a few years.

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number6 
Re: Exposing FRAUD And DECEPTION In The Retro Video Game Market
Posted on 31-Aug-2021 15:07:46
#7 ]
Elite Member
Joined: 25-Mar-2005
Posts: 11259
From: In the village

@fishy_fis

True regarding basic knowledge of this over the years.
I've watched quite a few videos from people who own large collections and therefore have a vested interest. You could say they offer a different view.

However, there seem so far to be 2 specific points that have surprised even people with a vested interest in keeping prices high...

(1)The same people being involved in grading/auctioning/and as both seller and buyer.

(2)The history of the same people from the last time they were identified doing something similar and the monetary consequences to them for that actiivity.

btw-there is a flood of information on this now. this is not going away.

https://sethabramson.substack.com/p/breaking-news-national-video-game
note: Update links to newer information

And hours ago another posting on the author's (Jobst) twitter from Seth:
Quote:
Video Game Grading House WATA Told the New York Times That Its Employees Can't Sell WATA-Graded Games Due to Conflicts of Interest. So Why Did One of Its SEC-Listed Co-Founders Just Sell Me Three?

the actual article about the above from just hours ago


Also mentioned is a followup video on the way from Karl.
Quote:
your mind will be blown


#6

Last edited by number6 on 31-Aug-2021 at 03:23 PM.

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klx300r 
Re: Exposing FRAUD And DECEPTION In The Retro Video Game Market
Posted on 31-Aug-2021 22:05:59
#8 ]
Elite Member
Joined: 4-Mar-2008
Posts: 3683
From: Toronto, Canada

@fishy_fis

Yes I did & whether a 'well known entity' or a lone idiot selling online I stand by my post above. When I know what I'm taking about on my hobbies I don't give a rats arse about anyone or company trying to tell me about what something is worth!

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