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Is A Sealed NES Castlevania Worth $55,000?

In theory, someone though so.

Like it or not, the fact remains that VGA graded games now fetch significantly more money than their regular counterparts. Not a small amount though, significant multiples of a normal price. Double, triple or even more what what have been considered a normal price.

Look at the game in question. The same buyer purchased heavy hitters like Castlevania Legends Gameboy for $12,500 and NES Mario 3 for $20,000. I would have once dismissed these as fake, but I`m starting to question that. The buyer has spent a lot of money as late, buying items all over the board in the $500 – $2000 range. Top end gaming collectibles, and several have been purchased from buyers who I know.

In the past 90 days there have been 21 VGA auctions that ended for greater than $10,000. That is insane. Several are obvious fakes, but there are a surprising amount of legitimate sales at this price range. One buyer alone spent over $30,00 in April on VGA games. Auctions which according to all sources were paid for.

This post doesn’t really have a point to be honest. Just I need to get off my chest I don`t understand where retro collecting is going.

12 Comments

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  1. They must be bidding against someone, so other than shills who are the losing biggers? And does it look like people are buying everything or just trying to make a set?

    • He/she is buying BIN auctions, so there is no bidding against others, no shills, etc. And even if there were shills, the guy would still have to be willing to pay those crazy prices in the first place for all of those auctions, etc.

      And as to the rhyme and/or reason for his purchases, if you go to the Castlevania auction and check the Buyer’s feedback, you can see the feedback left by the purchaser of the $55,000 Castlevania. You can than, creepily, rummage through his feedback and check all of his purchases…

      Seems mostly random or as to what he feels like collecting. Some rich Russian gamer, maybe?!?!?! haha. Either way, the guy has hundreds of thousands in disposable $s to drop on collecting video games that will likely never be worth what he has paid on the open market…

  2. I’m wanting to sell my sealed near minty-copy of SNES Hagne… I’ve considered getting it graded just from looking at the prices these things are getting.

    I know I’m horrible for even considering it… but man, those dollar signs are pretty.

    • UB – I know a lot of guys who hate VGA – BUT when getting an item graded means your sale could end up hundreds of dollars higher, its hard to say no.

      • That’s what I’m thinking. Looks like it might cost $70 to get it verified, so if that adds $70 to the final value (considering the thing is in *super* condition, aside from two very, very small dents in two different corners from shelf ware), I’m really, really inclined to do it.

        If any of those folks who hate the VGA want to talk me out of it… make an offer. 😉

  3. > Is A Sealed NES Castlevania Worth $55,000?

    No.

    > In theory, someone though so.

    That person is wrong.

    > Several are obvious fakes

    They’re all fakes. No one is stupid enough to buy into this bullcrap to that degree.

    I call shenanigans on all of this. If anything, it’s a high-level scam by the VGA crowd to try to lend legitimacy to a niche part of the scene.

    Frankly, I really wish Game Sniped would stop giving so much attention to VGA auctions. It just serves to further their goals of inflating the industry for personal gain.

    • I wish they were all fake, I truly do. I don`t think they are however. As I said, I know for a fact that some of these are getting paid for, as I know a couple sellers on a real life, personal level.

      As for attention on VGA, I would honestly love to never mention them again. But the insanity that is surrounding them currently won`t let me.

  4. There is a seller, who is buying up lots of VGA stuff. He’s hitting the BIN’s on these very high priced games. What he then does is negotiates down prices. I’m sure the seller is left with a huge final value fee, but this guy is paying which is really the disturbing part.

    • Even at $55,000, your final value fee is only $1,000 or so. If anyone is willing to part with his money so easily, well then good for the sellers–I guess.

      As to the guy calling this all a scam, I don’t see how it could possibly be a scam by VGA people, or whatever. As already stated, these aren’t open auctions and a majority of buyers out there aren’t even paying attention to these auctions with $5,000+ BIN’s. This is just some guy sitting on a bunch of money feeling the need to drop $$$ on pristine condition stuff.

      Call him crazy, eccentric, etc., but I’m so tired of hearing all the baseless conspiracy nonsense. IT’s bad enough it’s in politics, but the buying of video games as well?!?!? Come on…At least have some circumstantial evidence aside from the mere fact that you’ve concluded they only have the possible motive to do so…

    • Stu, from what I understand he`s done that to RareBucky, the Bros. Repo and several others. Sucks to do that, but still the sellers are getting more than they should honestly expect.

  5. I still don’t buy it.

    Even if this buyer is talking them down on these auctions, the implication is still that he’s spending thousands of dollars here. This would mean he sees VGA as a valuable thing… surely to god he would have looked into things and realized that he could just track down sealed (but not slabbed) games, and get them graded himself for about 1/100th the price.

    Sure, it’s easier to just plunk down the money for something that VGA has already graded, but even if he talked the Castlevania guy down to 10% of the price, that’s still $5,500…. At that price, he could buy several sealed copies and get them graded and just sell off the ones that didn’t grade as high.

    I’ve seen some really stupid people at NA, with far more money than brains, but not THIS stupid. If this is a real person, spending real dollars on these things, then he really needs professional help.

    I still believe this is some scam. It’s not hard to scam things on eBay, since those of us on the outside really have no information beyond what the seller tells us. If RareBucky tells us that the deal went through, how would we know if it was just some fake account? Pay the $1000 in eBay fees to trick fools on NA into paying more for other stuff later on. How would we ever know?

    Feedback means nothing to me anymore. There used to be a guy on eBay who kept putting up rare CD32 games for auction, but they were obviously just burned discs he’d sell for $20 or so. I reported him at least a dozen times, eBay would take down all the auctions and ban him, and he always came back with a different name with at least a hundred feedback and the same auction descriptions. I don’t know how he did it, but where there’s $$$, people will find a way.

    • If the buyer and seller are cooperating (or are the same person) to inflate prices, wouldn’t it make more sense to do fake auctions at a high but believable price? $2k for a game instead of $20k as the “advertised” selling price. People will see 20k and think it never completed, while they might point to a 2k ending price as legit.

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