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Thread: Something fishy is going on with Retro Game Sales...

  1. #1
    Hero of Algol TrekkiesUnite118's Avatar
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    Default Something fishy is going on with Retro Game Sales...

    So a friend of mine pointed out how some common games are suddenly spiking on ebay and you can see it on Price Tracking sites. I figured "eh people are probably just buying stuff during Quarantine." but when I looked into it I noticed some things seem really fishy. For example looking at a game like Sonic R:

    https://gamevaluenow.com/sega-saturn/sonic-r?gameid=199

    Apparently now it's worth over $100, which no matter how look at it doesn't seem right (it was a $20-$40 game just a few months ago). Looking at the sales history things get weirder. First we have this listing:

    https://www.ebay.com/itm/Sega-Saturn...-/202964637231

    Listed with an opening bid of $175 with no takers than right at the last second gets a best offer of $175 and it sells.

    Then this:
    https://www.ebay.com/itm/254579829278

    Listed and sold for $200, then relisted and resold the next week for $400:
    https://www.ebay.com/itm/254583012948

    These are being factored into these price charting sites and it's raising the "value" of these games artificially. I looked at other games and there's some similar fishiness going on. I'm not saying there's a conspiracy or something, but it just seems that sellers are starting to game the system. Probably due to being stuck home wanting to get more money for their more common games during this situation.

    Has anyone else noticed this?

  2. #2
    Underground Sega Nut BonusKun's Avatar
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    Yeah I've started to see this shit also. Atari complete 2600 games have started doing this as well.
    05/05/15

  3. #3
    Hero of Algol
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    I think it has been going on for quite some time, just more aggressively now.

    I used to import a lot of games from Japanese ebay sellers back in 2010-2012 and while you can "understand" games such as MUSHA getting overpriced after the CGR review, several other games never sold well and had lots of copies available and yet their prices were constantly elevated to the point they are today.

    Aside from the mechanism you cited, there's also big sellers inflating their whole listing of unwanted games so they can justify the absurd prices of the good ones.

    If it was really just supply and demand you should still have some CIB games such as Fastest 1 on the MD going for $1 (like they were for years) because nobody ever wanted those copies.

    I haven't imported or bought any used games in several years 'cause it just became a market driven by thieves, inflated prices, fake copies, etc.

    For you guys who can trade locally in forums like this it maybe possible to find some decent deals here and there, but the auction sites are just terrible for retro games these days.

    By the way, do you fancy some Twinkle Tale?
    https://www.ebay.com/itm/Sega-Mega-D...QAAOSw5nBeF2ex

  4. #4
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    It's a bubble. This isn't going to last.

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    Mega Driver Hedgehog-in-TrainingMaster of Shinobi Gryson's Avatar
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    Quote Originally Posted by TrekkiesUnite118 View Post
    So a friend of mine pointed out how some common games are suddenly spiking on ebay and you can see it on Price Tracking sites. I figured "eh people are probably just buying stuff during Quarantine." but when I looked into it I noticed some things seem really fishy. For example looking at a game like Sonic R:

    https://gamevaluenow.com/sega-saturn/sonic-r?gameid=199

    Apparently now it's worth over $100, which no matter how look at it doesn't seem right (it was a $20-$40 game just a few months ago). Looking at the sales history things get weirder. First we have this listing:

    https://www.ebay.com/itm/Sega-Saturn...-/202964637231

    Listed with an opening bid of $175 with no takers than right at the last second gets a best offer of $175 and it sells.

    Then this:
    https://www.ebay.com/itm/254579829278

    Listed and sold for $200, then relisted and resold the next week for $400:
    https://www.ebay.com/itm/254583012948

    These are being factored into these price charting sites and it's raising the "value" of these games artificially. I looked at other games and there's some similar fishiness going on. I'm not saying there's a conspiracy or something, but it just seems that sellers are starting to game the system. Probably due to being stuck home wanting to get more money for their more common games during this situation.

    Has anyone else noticed this?
    You're missing the obvious here: The Sonic the Hedgehog movie came out Feb 14, which precisely coincides with the rise in price. It's standard increase in demand.

    Those two cases you posted are just exceptions and not really affecting the average.

    You can see the increase for Sonic games with other titles.

    3D Blast:

    https://gamevaluenow.com/sega-genesi...ast?gameid=586

    Sonic 3:

    https://gamevaluenow.com/sega-genesi...g-3?gameid=590

    etc etc

    They all went up.

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    Hero of Algol TrekkiesUnite118's Avatar
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    Quote Originally Posted by Gryson View Post
    You're missing the obvious here: The Sonic the Hedgehog movie came out Feb 14, which precisely coincides with the rise in price. It's standard increase in demand.

    Those two cases you posted are just exceptions and not really affecting the average.

    You can see the increase for Sonic games with other titles.

    3D Blast:

    https://gamevaluenow.com/sega-genesi...ast?gameid=586

    Sonic 3:

    https://gamevaluenow.com/sega-genesi...g-3?gameid=590

    etc etc

    They all went up.
    But it's not just Sonic games and it's not just Saturn games. For example this Gamecube game goes from a $50 game to a $200 game in under a month:
    https://gamevaluenow.com/gamecube/sp...lls?gameid=435

    Skies of Arcadia Legends practically doubles in a few months:
    https://gamevaluenow.com/gamecube/sk...nds?gameid=418

    Yet the Dreamcast version doesn't:
    https://gamevaluenow.com/sega-dreamc...dia?gameid=177

    This really just sticks out as odd to me.

  7. #7
    Mega Driver Hedgehog-in-TrainingMaster of Shinobi Gryson's Avatar
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    Of course a lot of factors could be involved there, some hard to figure out. But in the case of Sonic, the connection is pretty clear. All Sonic games shot up in price in Feb.

    There's also just random market fluctuation, and of course there could be people manipulating prices, although I'm not convinced that's actually profitable in many cases.

  8. #8
    Death Bringer Raging in the Streets Black_Tiger's Avatar
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    This was rampant 10 - 15 years ago. ebay went and made is harder to discern with changes like hiding bidders names. But misc "retro" gaming forums have always had people who brag about returns on their investments.

    The "market" has been articially inflated and manipulated as long as a majority have prioritized collecting over playing games. Too many people consider their sales inventory/store stock their and game collection to be the same thing.
    Quote Originally Posted by year2kill06
    everyone knows nintendo is far way cooler than sega just face it nintendo has more better games and originals

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    Raging in the Streets Sik's Avatar
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    Quote Originally Posted by axel View Post
    It's a bubble. This isn't going to last.
    It's not a bubble, it has been going on for years. These games are old enough that they're attracting collectors who aren't interested in playing games but in taking up "museum" artefacts, especially if they can go around bragging about how much "value" their collection has. It doesn't help that grading companies are encouraging collectors to bump up the prices as much as possible.

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    Quote Originally Posted by Sik View Post
    It's not a bubble, it has been going on for years. These games are old enough that they're attracting collectors who aren't interested in playing games but in taking up "museum" artefacts, especially if they can go around bragging about how much "value" their collection has. It doesn't help that grading companies are encouraging collectors to bump up the prices as much as possible.
    I get that I just don't see collectors doing this long term, video games are not like stocks or real estate, sooner or later they will lose value relative to other investments.

    But that's just my view, I could be wrong...

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    WCPO Agent Mad Moham's Avatar
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    There's nothing new going on here, we're just noticing more of the same scummy tactics that have always been used. The sellers with insane BIN prices are just chancers, they're fully aware they've overpriced their games. This happens with everything that has a collector's market, since dealers obviously have an interest in seeing values climb.

    As for the bubble bursting, I doubt that will happen. The only examples of bubbles bursting that I can think of are when a temporary shortage has occurred and then supply has increased to meet demand (early 90's comics, Viceroy tulips, Beanie Babies). So unless you can find a way to get old games back into mass production, values will only climb further. Or, if you're willing to wait that long then you might see values decline in about 50-60 years when the current generation of collectors starts to die off and there's fewer people with any nostalgia for 1980's gaming.

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    Extreme Procrastinator Master of Shinobi Flygon's Avatar
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    People are bored being isolated at home and buying stuff that they find interesting.

  13. #13
    Master of Shinobi
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    Do we even know of a single instance where a retro games price decreased after being inflated?

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    Raging in the Streets Sik's Avatar
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    Quote Originally Posted by axel View Post
    I get that I just don't see collectors doing this long term, video games are not like stocks or real estate, sooner or later they will lose value relative to other investments.

    But that's just my view, I could be wrong...
    Have you seen the comic book market? Old comic books just keep going up in price non-stop.

    Old things eventually decay or outright get lost or destroyed, so anything in even remotely good shape suddenly starts becoming more valuable due to becoming rarer over time. Add to this that most people don't have a suitable setup to play those games (and it's only going to get worse over time), making their status as "artefact" even bigger. And the interest on gaming increasing means that there will be more people interested on old games more as a history piece than for what they were…

    Yeah, if anything I'm surprised that the Sonic games aren't going for four digits by now.

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    End of line.. Hero of Algol gamevet's Avatar
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    Everyone got stimulus checks recently.

    I know that after that stimulus check came out, my local MicroCenter got overloaded with customers. Now, if you want to my a Ryzen system, your stuck with a really cheap B450 motherboard, or going with Thread-Ripper, because all of the motherboards are sold out.

    I was wanting to get an RTX 2080 Super card for my PC, but shortly after the check came out, prices jumped up about $100, even for the crappy blower style cards. I was lucky that the $620 open box card at my local MicroCenter never got snatched up, because it kept getting held in reserve limbo.
    A Black Falcon: no, computer games and video games are NOT the same thing. Video games are on consoles, computer games are on PC. The two kinds of games are different, and have significantly different design styles, distribution methods, and game genre selections. Computer gaming and console (video) gaming are NOT the same thing."



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