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(Nerdist)   Seller uses Auction. It's super effective   (nerdist.com) divider line
    More: Interesting, Playing card, Pokmoncard, trading card seller Goldin, expensive Pokmon card, Price, specific rare Pokmon card, Pokmon fan, Nintendo 64  
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1538 clicks; posted to Fandom » on 25 Feb 2022 at 12:35 PM (17 weeks ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook



13 Comments     (+0 »)
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2022-02-25 12:44:56 PM  
After watching the big expose on Heritage Auctions and learning how these scenes are manipulated and scammed, I no longer trust any of these supposed record-breaking auctions, especially when they seem designed to generate headlines.

Now I just assume they're all part of market manipulation scams, and with that in mind, wish Fark would stop linking to them, since doing so directly helps the scammers manipulate the market.
 
2022-02-25 1:30:46 PM  

shoegaze99: After watching the big expose on Heritage Auctions and learning how these scenes are manipulated and scammed, I no longer trust any of these supposed record-breaking auctions, especially when they seem designed to generate headlines.

Now I just assume they're all part of market manipulation scams, and with that in mind, wish Fark would stop linking to them, since doing so directly helps the scammers manipulate the market.


They're like NFTs, only you can stick 'em in your bicycle spokes to go VRRRM-VRM-VRM-VRM-VRM.

/stupid card's not even tournament-legal
 
2022-02-25 1:33:05 PM  
It's easy to see why collectors covet this specific rare Pokémon card.

It is?
 
2022-02-25 1:43:38 PM  

shoegaze99: big expose on Heritage Auctions


This sounded interesting - looks to me like this is where it started:
Exposing FRAUD And DECEPTION In The Retro Video Game Market
Youtube rvLFEh7V18A


But there are a bunch of related writeups that followed soon after. Thanks for today's rabbit hole, shoegaze!
 
2022-02-25 1:55:11 PM  

OccamsWhiskers: shoegaze99: big expose on Heritage Auctions

This sounded interesting - looks to me like this is where it started:
[Youtube-video https://www.youtube.com/embed/rvLFEh7V18A]

But there are a bunch of related writeups that followed soon after. Thanks for today's rabbit hole, shoegaze!


Cheers!

And yes, that's the video I was referring to. I probably should have linked to it when I did.

When I initially came across it I balked at the length, but ended up being glad I watched it. It's very thorough, very enlightening, and it brings the receipts. I've never been able to look at the high end geek collectors market the same way since seeing it.
 
2022-02-25 1:56:27 PM  
And to repeat: Fark should stop linking to this stuff. By doing so, we're doing exactly what these scams hope we do and assisting them in manipulating the market.
 
2022-02-25 4:05:45 PM  

shoegaze99: And to repeat: Fark should stop linking to this stuff. By doing so, we're doing exactly what these scams hope we do and assisting them in manipulating the market.


On the other hand, every time we have a link to one of these sales, the conversation is always about how much bullshiat it is, which can work to educate people.
 
2022-02-25 5:11:26 PM  
I'll stick to my less-than-authentic burobu cards.

Fark user imageView Full Size


They're only blurry if you look at them... and the ink's not the kind that dries.
 
2022-02-25 5:54:40 PM  
Fark user imageView Full Size
 
2022-02-25 6:11:56 PM  

shoegaze99: And to repeat: Fark should stop linking to this stuff. By doing so, we're doing exactly what these scams hope we do and assisting them in manipulating the market.


Do you think people with millions to spare read fark?
 
2022-02-25 6:25:36 PM  

lifeslammer: shoegaze99: And to repeat: Fark should stop linking to this stuff. By doing so, we're doing exactly what these scams hope we do and assisting them in manipulating the market.

Do you think people with millions to spare read fark?


That's not how the scam and market manipulation works. These stories aren't about convincing whales to spend a ton of money on elite items. That's actually irrelevant, because these super high-priced purchases are often FAKE. There is no actual whale with a million spending that money, it's two business partners (official or otherwise) making a bad faith transaction to change the market.

The issue with dignifying these stories is about validating the manufactured prices they are pushing. That is there goal; to make the whole market go up, often under specific parameters. It's not about having rare cards / games / VHS tapes / comics go for six+ figures, it's about all the other stuff they intentionally drive up so not only their own privately swapped collection go up, but more importantly, so that the grading and auction companies that thrive on them make gobs.

That's where the big grift is. The ones who host the auctions and the ones who do the grading.

Watch the video linked above. Many detailed sources. Some people involved have a history of it, to the point of being brought up on federal charges for it.

NeoCortex42: shoegaze99: And to repeat: Fark should stop linking to this stuff. By doing so, we're doing exactly what these scams hope we do and assisting them in manipulating the market.

On the other hand, every time we have a link to one of these sales, the conversation is always about how much bullshiat it is, which can work to educate people.


Now THIS is a good point. If I had faith in people to read more than the headline -- I don't -- I'd be 100% on board and would change my view.

I DON'T have faith in people reading past the headline, though, and think a lot Fark lurkers are headline skimmers just like a lot of Fark commenters!

But that said, you do make a fair point.
 
2022-02-25 10:47:43 PM  

shoegaze99: After watching the big expose on Heritage Auctions and learning how these scenes are manipulated and scammed, I no longer trust any of these supposed record-breaking auctions, especially when they seem designed to generate headlines.

Now I just assume they're all part of market manipulation scams, and with that in mind, wish Fark would stop linking to them, since doing so directly helps the scammers manipulate the market.


You and me both. I have been collecting comics for 35 years and I am on the verge of just quitting and cashing out cause Im so disgusted with the industry right now
 
2022-02-26 9:24:27 AM  

vilesithknight: shoegaze99: After watching the big expose on Heritage Auctions and learning how these scenes are manipulated and scammed, I no longer trust any of these supposed record-breaking auctions, especially when they seem designed to generate headlines.

Now I just assume they're all part of market manipulation scams, and with that in mind, wish Fark would stop linking to them, since doing so directly helps the scammers manipulate the market.

You and me both. I have been collecting comics for 35 years and I am on the verge of just quitting and cashing out cause I'm so disgusted with the industry right now


I've gotten pretty into it in the last 10 years - mostly recreating and massively extending my childhood collection. But I'm doing it as a reader, not an investor. Some of the stuff I've bought has had 'grading', but only by the shop. I've gotten a few that are in poor but complete condition, but most look like they've just been read many times with care.

Anyway, the prices have mostly been extremely reasonable. I think my average price paid is still less than what most new titles retail for. I also don't mind grabbing electronic editions when they have a great deal - not sufficient for issues that are 'important' to me, but pretty satisfying as a reader. I've been to the local big comics convention multiple years and that's been enjoyable too, and my spending is mostly on new books direct from the creators.

One time, I was in line to meet one of the featured guests and noticed a couple guys near me with a slabbed book. It was the owner and someone from one of the big grading companies, they were going to unslab, add another autograph to it, then reslab with a refreshed grade and 'certificate of authenticity' for the autograph. I asked them to confirm - the slabs are sealed, you're never going to read or even look inside the comic again, right? They were *horrified* at the idea - both took a reflexive step away from me. Hilarious!

I track all of mine with a program that gives value estimates based on my grading input - supposedly do have a few now worth hundreds and dozens worth $20 or more. I doubt it's quite that much, but do expect I'd easily get all my money back if I sold it all in a batch.

Just a friendly reminder that this stuff can be enjoyed without getting drawn in to these sketchy financial games.
 
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