It looks like some people are confused about how the market works. Sellers can't just "charge 100 times the value" of a game. They can
ask for that much, but it takes two people for a transaction to complete. If someone lists a game for sale at $25,000 and then someone else comes along and buys it at that price, you
cannot argue that it was not worth that price for the two people involved.
If multiple sellers are listing, and selling, a particular game at a particular price, then the game is worth that price to those people, period. Just because you may not feel that game sealed in an acrylic case, verified to be a legit factory seal to the best knowledge of people familiar with such things, is worth a premium, there are many people who do.
The true issue with VGA, and grading in general, is that you place the value of your graded item literally in control of the people doing the grading. It is entirely possible that two games in identical condition may receive different grades. VGA in particular has the silver/gold distinction. A grade of 85+ earns a "gold", which commands a significant premium over a game that is "silver". A game right on the border of gold/silver could lose $1000 in value if the reviewer "feels" it is not gold.
Which brings us to...who the fuck are these people *paying* these grossly inflated "graded" prices?!
The same can be said for
every level of collecting.
People who collect sealed, but not VGA: "who are these people paying inflated prices for VGA?"
People who collect CIB, but not sealed: "why pay so much for shrink wrap?"
People who collect cart with instructions: "who the hell pays for cardboard?"
People who collect cart-only: "Why pay extra for the manual?"
…and so on.