Will the surge in prices cool off or do you expect it to last years?

General and Gaming > Classic Video Games

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shawndude82:

--- Quote from: undertakerprime on September 03, 2021, 09:59:35 pm ---I think prices will cool off over the next couple years, for two reasons:

First, once the “unspecified virus of unknown origin” finally passes, demand will go down.

Second, it’s recently come out that Heritage Auctions and WATA have likely been colluding to artificially increase market prices (hence that ridiculous $2 million price on a WATA-graded SMB, which was bought partially by someone with ties to both the auction company that sold it and the company that graded it). Hopefully all that BS will be stopped and game prices will come down closer to actual market value.

--- End quote ---

First, I'm no longer confidant it will pass due to so many morons passing it around, so that point becomes moot. (I have friends in Australia, and I live in America, we've lost hope in humanity ;))

Second, yes, but don't underestimate collectors. They will always try to sell for more than something is worth. I've seen Pawn Stars and American Pickers, so I'm an expert on that subject. (j/k, don't hate :p)

But all that said, I do think video game collecting will eventually even out to a more manageable, if not cheap, price. For most newcomers that are spending thousands for a copy of Kiwi Kraze and jackin up the price god bless em, this "vidyuh game collectin thang" is just a new fad for a quick buck. Like Beanie Babies or Pogs. Us real collectors are still gonna be around after the posers move on to the next big thing.

I have to believe that, or I'll lose my mind. And then who'll look after my Tick pogs?

bikingjahuty:
I've been trying to predict where the market would go for years and every time I'm sure it's going to do one thing, it starts doing another. One thing I do know is prior to the lockdowns and stimulus checks some retro game platforms were seeing a plateau or decrease in overall prices, mostly as a result of more common, desirable games losing value. Of course there were several older consoles that were gaining before all this too and did so even more afterwards along with everything else.

At this point I'm inclined to believe prices will steadily fall back down to earth a little, but who knows. At this point I can see prices going back to being around what they were pre pandemic in a year or two, but I could also see them being worth 20-50% more due to how much the dollar has lost its value. I guess we'll see.

sworddude:

--- Quote from: shawndude82 on September 04, 2021, 10:23:09 am ---
--- Quote from: undertakerprime on September 03, 2021, 09:59:35 pm ---

--- End quote ---

Like Beanie Babies or Pogs. Us real collectors are still gonna be around after the posers move on to the next big thing.

I have to believe that, or I'll lose my mind. And then who'll look after my Tick pogs?

--- End quote ---

Can we really compare it to those fads

beanie babies or pogs have no substance it's pretty much only to collect. aside from the looks what's so memorable about them. What are you going to do with those aside from looking at them. With games you can play them, gaming in general is one more fun passing times. Looking at pogs and beanie babies gotto be near the bottom of the list of having a fun time aside from collecting them.

Games have music fun gameplay multiplayer in some occasions excellent stories wich result in pretty in nice memories. Heck 2d games today are even playable among the younger generations that didn't even grow up with it.

I don't think there is a comparison because games where never there to be a collectable. It ain't even their main thing. Games have to much going for them to be compared to actual fads like beanie babies. Iconic mascots from Nintendo definitely help aswell.

kazumn:
Pretty sure your average joe is more resposible for scalpers making a small fortune on ps5/xbox series x consoles then they are responsible for the crazy retro game prices. But as always with these threads you're just looking at the north american market where eveybody is after the same stuff it seems.

I think wheter pricing will go down or not is how much people will stay into collecting over the years, collectors come and go and i've seen even the biggest collectors sell up and move on towards something else, changes are in few years time many games that are peaking now may be avaible fairly easy therefore drop a lot in price.

also a factor would be that Most of the generation that is 20 years old and under are used to digital content so can't see many of those people suddenly getting into collecting physical games.

Also i've never understood those crazy prices for vga / wata graded games what makes it suddenly worth 5 times more then the actual market price if a console manufactor like nintendo would do it, i could see the value. But in the end it's just a third party grading games, adds zero extra value for me to be honest

shawndude82:

--- Quote from: kazumn on September 05, 2021, 09:46:12 am ---Also i've never understood those crazy prices for vga / wata graded games what makes it suddenly worth 5 times more then the actual market price if a console manufactor like nintendo would do it, i could see the value. But in the end it's just a third party grading games, adds zero extra value for me to be honest

--- End quote ---

Eh, it's the same with graded cards or comics. It doesn't really make them more valuable, it's all just opinion of the buyer. You can buy Bionic Commando on the NES right now for around $40 bucks. Get it graded, and suddenly it's a $300 item. It never made sense, but that's how it is.

Personally, I don't care how mint or poor the condition of the box is, as long as the game still plays. But I'm not above buying some cheap games to be graded to make a cool profit (and spend it on more games to play!)

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