What do you think about "vaulting" collectibles? Are there real reasons to do it or is it taking things too far and forgetting what collecting is about? Let me know what you think! Get 95% off RexMD and only pay $2 per dosage with our exclusive link: rexmd.com/CUPODCAST -- thanks to RexMD for partnering with us!
Really depends on the insurance. Some of these assets can be 100k+ (as an example the one ring) and not replaceable. Insuring this stuff in your home is costly (usually around 1-2% of the collection value/year). As a result if it is fully insured, even 200/month for a collector makes sense.
This is to commodify items like Ian and Pat said, also to avoid sales tax. I haven't vaulted any of my cards, but if I had a high end card I could imagine vaulting it so I didn't have to worry about securing it at home... The fee to get it out is a thing, and I generally have low trust in others. So I'm a maybe, but a probably not.
I always wonder what it's worth... when you post a game to get valued, you have your value, so does the postal service which you will insure it for, then the company that values it.... what would the insurance company pay if it was lost in either direction? Post/pre value? What is your thoughts guys
Pat, eBay vault isn’t available for video games. Many commenters seem misinformed on this fact. eBay vault and “vaulting” are two different concepts that are conflated in the video.
I think I miss you guys. Lol. So... what's up on a Holiday Super Show? I dont know where he is. Hey Pat. Whe wher uh where you at Pat? Why aren't you on our balls Pat? Why aren't you on our bawwlllls? Balls balls balls balls balls balls balls balls balls.😂 Ahhh the nostalgia nesting doll that is the CU Podcast and Nes Punk. 😅😊
I feel like this hobby has become a parody of itself now. Just think back to when these games were yesterdays outdated .99 cent bargain bins to where no one cared, to only 20 years later now a video game is priceless gold. So weird.
@@ozmond ugh no, you don't get it. I'm saying people's perception of these games have changed into seeing them as priceless gold, not literally priceless because "you're broke". They are still the same cheap old junk that they were in 1998 to me. I still have a shit ton of these games from when I had them in the 80s, who gives an actual shit. Stop putting these on a pedestal and treating them like trophies to put in vaults and plastic coffins. So bad lol
@@dougthomas8968 yea wow. Do you take absolutely everything literally? I'm saying who gives a shit, as in taking an attitude of not putting these games on pedastals as the next coming of Christ. I care about them, but at the same time I am not going to flex these as priceless collectibles that belong in fucking vaults because that is cringe af. So many of you just don't get it and never will, this hobby used to be cool when it made sense to get this junk for pennies on the dollar, now the perception is pure collecting monetary value only elitist trash.
Its kind of funny that the most valuable games I own are from the 90s when everyone was speculating on Beanie Babies and Comics which now basically have no value. If something is called a valuable collectible? Its probably not.
All hobbies end up that way, the value comes later when people want to relive their childhoods. Think about comics originally, they were like 5 to 10 cents each, printed on the cheapest paper out there. Now some of them are worth over a million dollars. Heck, sports cards originally were a bonus item in a pack of gum. The kids would buy the gum to get the card then chuck the gum since it was so bad. That's how sports cards got somewhat popular originally and they stopped making gum.
This all has this weird dystopian, late stage capitalism feel to it, finding new ways for people to pay for ownership rights to ethereal goods they’ll never touch
You realize eBay vault is only for trading cards, right? It’s not for video games. And even if it was for video games, the vault only accepts graded games, which everyone pretty much agrees that the market for graded games is quite small
@@PatTheNESpunkyep, I’m sure there are even auction houses trying other creative ways to transact collectibles. but I think target market is the key differentiator here. We know that sealed collectors (and likely graded collectors) represents a very very small market; they go to auction houses. “Regular” collectors (majority) don’t- but they do use ebay. Summary: video game “vaulting+selling” is segregated to auction houses, the market for graded games is tiny, eBay vault does not accept games, and ebay vault only accepts graded products. I don’t see the concern. Even if vault did accept games, the market is tiny for graded games and probably not worth the transaction fees in most cases. I think a more interesting question is: if eBay offers vault for graded games, will that change the retro collecting scene? I personally think you might see a small bump in graded collecting due to awareness and not necessarily the service. But overall, I think it’d be minimal
At some point they’ll have enough in the “vault” to buy/sell/trade stuff they don’t actually have. As long as everyone doesn’t withdrawal at once nobody will know anyway.
This hobby has gotten so wild that I've been selling my collection off and washing my hands of this whole culture. The amount of obvious babies I've run into that expect 20+ year old items to have zero damage (buy a bootleg, its the only real way to get something flawless anymore) and get all butthurt that "they have to find another one now", demanding refunds or threatening returns is just stupid. The really stupid thing to me is that everybody expects me to care about their life story (this is really nothing new), and complain that they don't have time to be hunting down better copies. If you don't have time to hunt for what you want to collect, you don't have time to collect. Period. Pictures show exactly what you get, and they get ignored. I show the copy for sale working on actual hardware, people claim it doesn't work on their console. Tell me you don't do proper maintenance without telling me you don't do proper maintenance. The absolute dumbest thing I've seen is this broad acceptance in the community for just throwing your collection into a box or tote and leaving it in their garage or attic, with nobody calling them out, is just insane to me. We've gone full circle! Games pulled out from garages, attics, basements, and bought up at local garage sales and flea markets only to go right back into garages, attics, and basements. There is no self reflection in this community.
I think the sad thing is the expectation that the market is going to implode and we'll someday just forget about the NES or retro gaming history. It's a self fullfilling prohecy. Sure, collecting is getting out of reach of your average consumer, but that rarity ensures that the games will be taken care of and passed down to the next generation at all. Money is based laregly on what you believe in, those old piano rolls pats dad threw out could be worth a fortune today. But he didn't believe in them so nobody else did. Sure, maybe pat overcorrected buying and collecting things like he does. And maybe he refers to himself as a loser or whatever or it's all garbage blah balh. But pats additude towards collectables is a change in the right direction. I think it's funny pat is always against these large auctions, saying they're a bubble, when he has perhaps one of the most valuable NES collections in the world. It's almost like he doesn't believe in him self, and he hasn't got the recognition he deserves.
_They could sell something and store something they don't really have!?!?!?_ Cue that dance club epiphany guy meme with the caption reading *IS THIS HOW FIAT CURRENCY WORKS?!* 😮 (Turns out those pesky truthers that have been screaming all along about dollar being back by absolutely nothing weren't tin foil loons after all, but that's neither here nor there).
Obviously I agree with you guys. I have ZERO graded games in my collection and I don't intent to ever buy a graded game... That said, condition is key for me, so I do collect sealed games, but not only. If I want to play a game and it happens to be selaed, I play the game, no issue. It is an enjoyable experience to open a sealed game! That said, I am not running after sealed games, all my purchases are opportunistic...
Ive never been able to get past the part where these games MSRP'd brand new on a shelf for $30-$60. Giving anyone, including the actual developer $600 for a game is insane to me.
Interesting discussion. This also opens the door to things like bots affecting the prices of collectibles. I'd think someone has already figured out a way to do this with regular eBay auctions by now, but this could take it to a whole different level since there's no physical delivery involved - and since sites like eBay are often used to benchmark prices of collectibles, this would kinda suck the soul out of the market for actual human collectors.
The Rex MD ads are hilarious. We're all nerds, getting it up isn't the issue, it's keeping it from fizzing too soon from the rare chance we get to see a woman's bra strap.
Everyone needs to take a deep breath and step back. eBay vault is NOT available for video games-only trading cards for now. Why is that important? Because eBay vault is a solution to a problem, and that problem is NOT retro video games. Vault was likely created to make eBay the de facto place for online card transactions. With the amount of fraud, scams, charge backs on the platform, I doubt any serious card collector would feel safe dropping big money on eBay. Also, if you were to buy, say, a $25k baseball card, guess what that means? You need to store it, insure it and safeguard it. If you have many cards, that bill can rack up. However, if you make eBay your place to buy /store expensive cards, you get quite a bit of benefits. Storage, insurance, verification, and minimal fees. Not a bad deal. Also, we know many collectors eventually liquidate at some point and the biggest obstacle is how to sell. Vault gives you that option with a click of a button. And since eBay vault ONLY allows GRADES products, only a handful of retro gamers would even be interested in it.
You mentioned art. Art is kept in vaults, too. Lots of desirable art is never seen or hung. It's sold back and forth by rich people and their "investment" doesn't get taxed, so people just dump a ton of money into art in warehouses for financial reasons.
The sealed gaming market is very different then the card market. EBAY is not the 1st vault company. PWCC has had a card vault for years, and has been very successful. COMC is a marketplace where you have to send them your cards. And they have MILLIONS of cards in there database. There is a bigger market of people who want to own a Jordan rookie but don’t want to have store it then you would think. I don’t think this would work for games but is it already proven to work for cards
the guy who sold the tecmo bowl game must have laughed all the way to the bank and back when he sold it for 144.000.000$ .. Collecting for value and profit is stupid
The concept of collecting video games that I'll never get to hold in my own hands, and only own in the hopes that I can sell them for more than I paid I just find preposterous. When I buy a game it is because I wish to play it. I don't care about what it might be worth at a later date. I recently replaced all the labels on my Atari 2600 collection. My brother mentioned that they are all worth less now. I don't f'ing care. I wanted them to look nice. I wanted to have the collection I could have only dreamed about as a kid, not a collection of 40+ year old worn out labels that look like crap. All of my consoles and cartridges have been refurbished to look like new. That is worth far more to me than some future perceived value that someone else might be willing to pay for something I never intend to sell anyway.
The problem is collecting is getting known. I don't just mean among new collectors/investors but by criminals too. A friend was robbed. They took all of his magic the gathering cards, comics, and games. He didn't have any expensively rare comics,games, or magic cards. Doesn't matter to thieves because they know it's supposed to be worth money because people are buying these things for MILLIONS OF DOLLARS per every news story shared around on social media. What's funny was his actual expensive collections weren't even touched because people don't discuss watch/clock collecting. It's hard to justify keeping your collection in your home. Another friend just had to put his guitar collection (pedals and guitars) in a vault, despite him needing them regularly, because he was recently robbed too. They didn't take his guitar gear, thankfully. He's a touring musician in a small band so he spends a lot of time away from home. In fact in the guitar world it's now highly recommended you find cheap pedals to replace your main pedals on your pedal board because guitar pedal theft is starting to rise. Especially as stories of some of the rare ones spread. What sucks is this is resorting in live shows sounding slightly off and sometimes worse. Especially if you need to combine cheap pedals to match your modified pedals, because no one mods Flammas.
6:11 Everything on that chart is and will change in one or two years AFTER everyone has their items in there and are too busy or lazy to deal with taking them out. So storage fee's no? (Yes there are of course going to be storage fee's in a year or two). People once invested after a while will of course pay the additional fee's Ebay changes. Its a system completely fabricated to do one thing. Make Ebay money which use to be your money. That's it.
So... was the RexMD commercial because they took a look at your demographics or were they just like, "wait a minute, you know Frank? He's our #1 customer!"
am i wrong in suspecting that the $144k tecmo bowl wasn't a genuine sale? seems a lot more likely to me it would be a deal between confederates to keep the market looking hot, or money laundering than someone really deciding to pay $144 for tecmo bowl
This is horrific for collecting hobbies. Make no mistake, the commodification of collectibles is NOT part of a hobby. The individuals are NOT collectors, they're investors. This not only grossly perverts value, but it artificially inflates cost for the actual collectors to participate in a hobby. It's also poisoning the minds of a lot of real collectors. SO MANY care about what grade they can get for a toy or comic they will never hold again outside of an acrylic case. Value and worth and condition are part of these hobbies, but to the degree they're focused on today is just sad and pathetic.
This "vault" system is gross to actual collectors, the fact that nostalgia goods have been turned into "stocks" and are only cared about for their potential increase in value is simply a bastardization of how these items became valuable in the first place. For some dumb reason I thought this might, just might be one of those "vaults" where the storefront will keep items you buy and then you could get the items in your vault shipped all at once to save on from the multiple shipping fees you would have incurred for multiple items from multiple sellers within said storefront.
It is , I hate to admit it, a sort of devious James Bond villain type of egregiously evil plan. Some exec came up with this and thought ‘there’s no way they will go for this...will they???’ And realised how messed up the whole scene is and sold it to the top brass...this is absolutely mental. And , just like the muppets who buy things like Mario 64 for millions I think that every single person who loses money from this scam deserves If you are DUMB enough to spend crazy money on SEEEEEAAAALED games(or cards or whatever) and NEVER have that purchase in your possession???! You deserve to be burned and ripped off and scammed. It’s going to be the same as the NFT crap...a few savvy people will get in, make bank and bail before 99% of the rest and it will get popular, get press coverage, get crazy and then collapse....
This sounds exactly how countries store and trade gold. It sits in a vault, a country gives another country the gold, the name on the pile inside the vault just changes. Doesn't even leave the building.
This is absurd i think.. Real collectors would like their game collections at home, And enjoy them the way you like... This is more for resellers, And because of these people the retro collection is now very hard because of the crazy prices. Greetz to everyone and from an gamer and collector from holland😬
Are the items even real? What's to stop them from selling an item multiple times and just pretending that it's in the "vault". They could have one black-lotus and sell it multiple times until that one out 10 buyers wants the real item and not the vault storage.
I like to imagine a situation where someone makes an elaborate plan to rob this vault. The day comes, they finally do it but as they're making their getaway the value of everything they stole is rapidly decreasing.
@@qwertz721 So by your logic, if you’re “famous” enough, you shouldn’t keep anything of value in your house? That’s idiotic. Besides, unless he’s doxed, no one should know where he lives. And even more so, if someone is crazy enough to break into his house, not having the NWC cart around isn’t gonna stop them. I mean for fucks sake, the things have serial numbers attached to them. Who would you even sell it to?
I used to have nightmares about this. This is so f--ked up. The only slightly positive thing I can say is that now slabbed games are not totally worthless - this is the type of thing they were made for. 😢
@@StusGameReviews or ever. Did you read eBay vault? They only accept graded cards. So even if games came to the platform, it would only be graded games. And we all know how microscopic that market is. This video and all the comments are fuss about a hypothetical situation that affects a tiny market. Don’t waste your mental energy
As if Ebay is trustworthy enough for this! They already gouge in fees lmao What a joke... I love game collecting but this is all getting so stupid. Half the reason I collect is playing the games and I love having the bookshelves like a library of something I love.
Unless stored in a vacuum with no light, all disc and cartridge based media will degrade and eventually not work. Collecting this stuff is in the end a waste of time unless u do it for short term profits...
TCG player already does this. And it works well because tcg player has established customer. Ebay doesn't have that. They have a huge customer base. I doubt it'll work but we'll see
This is just like buying gold and not actually physically keeping the metal at your home. Collectables like video games are way too volatile though. With precious metals you know will always hold their value. Video games and other similar collectables may be worth a lot of money now but might not hold the same value in 20 plus years. I collect things because they make me happy to own and I enjoy searching for things I want in the wild. I don't collect these things for monetary value, as I don't intend to sell them.
You guys dove way into this. It’s just a way for eBay to make sure things are bought and sold through their site. Fraud protection. Worst case you ask for your card. That’s it. Buy resell. Easy.
Perfect opportunity for a little fraud for the vaulting company. A dishonest vaulting company could hav 10x of a similiar sealed game, and if they are just sitting in the vault they could sell 50% of these flr a little extra money. No one will notice before eveyone decides to "withdraw" the games from the vault...
The first day I heard about the vault for cards on ebay I knew a vault for video games was coming. This is just like nfts tied to real life assets. It is absolutely the future of retro game collecting. People value space. I would rather not have it in my house if I dont play it.
I sold my collection about 7 years ago because guess what… it’s not fun anymore. TH-camrs like yourself might have inadvertently ruined it but I hold nothing against you Pat and Ian… just wish I was back at tag sales seeing Vectrex consoles for $50-$75 because even older people know the costs now… storing things in a vault is the absolute end of the hobby for me! Enjoy ruining things for real collectors scum bags (pat and Ian not actual scum bags)
Lol. They helped drive up prices. Ask Pat where his collection is. Dude talks about how numbers are inflated. Didn't stop him from selling at a peak. Between their gaslighting of other collectors and creators. Their hypocrisy regarding the collectors market. And pat not understanding basic concepts which Ian has to explain to him while also being ill informed. I think I'm done with this channel. And I see the numbers tell me I'm not alone.
Not sure about money laundering, but if this eventually leads people start selling things they actually have it'll be eerily reminiscent of the birth of fiat currency and fractional reserve banking.
Hello Pat my name is Isaiah and I have something important to say to you. You see one day the earth will be taken over not by a human but by evil spirits and their leader Satan who will pretend to be God and he will give you a mark if you and your loved ones take it you will all be goners. But there is hope that hope is Jesus and he loves you and like any father he wants to help you and keep you safe especially from the devil.But I can not force you to believe the choice is ultimately yours have a nice day Shalom Shalom.
What do you think about "vaulting" collectibles? Are there real reasons to do it or is it taking things too far and forgetting what collecting is about? Let me know what you think!
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Really depends on the insurance. Some of these assets can be 100k+ (as an example the one ring) and not replaceable. Insuring this stuff in your home is costly (usually around 1-2% of the collection value/year). As a result if it is fully insured, even 200/month for a collector makes sense.
This is to commodify items like Ian and Pat said, also to avoid sales tax. I haven't vaulted any of my cards, but if I had a high end card I could imagine vaulting it so I didn't have to worry about securing it at home... The fee to get it out is a thing, and I generally have low trust in others. So I'm a maybe, but a probably not.
I always wonder what it's worth... when you post a game to get valued, you have your value, so does the postal service which you will insure it for, then the company that values it.... what would the insurance company pay if it was lost in either direction? Post/pre value? What is your thoughts guys
Pat, eBay vault isn’t available for video games. Many commenters seem misinformed on this fact. eBay vault and “vaulting” are two different concepts that are conflated in the video.
I think I miss you guys. Lol. So... what's up on a Holiday Super Show?
I dont know where he is. Hey Pat. Whe wher uh where you at Pat? Why aren't you on our balls Pat? Why aren't you on our bawwlllls? Balls balls balls balls balls balls balls balls balls.😂
Ahhh the nostalgia nesting doll that is the CU Podcast and Nes Punk. 😅😊
I feel like this hobby has become a parody of itself now. Just think back to when these games were yesterdays outdated .99 cent bargain bins to where no one cared, to only 20 years later now a video game is priceless gold. So weird.
Maybe “priceless” if you’re broke lol. Yeah old stuff gets more expensive the older it’s gets especially if people want it.
@@ozmond ugh no, you don't get it. I'm saying people's perception of these games have changed into seeing them as priceless gold, not literally priceless because "you're broke". They are still the same cheap old junk that they were in 1998 to me. I still have a shit ton of these games from when I had them in the 80s, who gives an actual shit. Stop putting these on a pedestal and treating them like trophies to put in vaults and plastic coffins. So bad lol
@@dougthomas8968 yea wow. Do you take absolutely everything literally? I'm saying who gives a shit, as in taking an attitude of not putting these games on pedastals as the next coming of Christ. I care about them, but at the same time I am not going to flex these as priceless collectibles that belong in fucking vaults because that is cringe af. So many of you just don't get it and never will, this hobby used to be cool when it made sense to get this junk for pennies on the dollar, now the perception is pure collecting monetary value only elitist trash.
Its kind of funny that the most valuable games I own are from the 90s when everyone was speculating on Beanie Babies and Comics which now basically have no value. If something is called a valuable collectible? Its probably not.
All hobbies end up that way, the value comes later when people want to relive their childhoods. Think about comics originally, they were like 5 to 10 cents each, printed on the cheapest paper out there. Now some of them are worth over a million dollars.
Heck, sports cards originally were a bonus item in a pack of gum. The kids would buy the gum to get the card then chuck the gum since it was so bad. That's how sports cards got somewhat popular originally and they stopped making gum.
This isn't game collecting anymore it is just souless greed and profit. Gross. i'm glad you guys keep up with this news.
This all has this weird dystopian, late stage capitalism feel to it, finding new ways for people to pay for ownership rights to ethereal goods they’ll never touch
We’ve taken the items out of collecting. This is ridiculous. I’d sooner start buying Pet Rocks.
You realize eBay vault is only for trading cards, right? It’s not for video games. And even if it was for video games, the vault only accepts graded games, which everyone pretty much agrees that the market for graded games is quite small
@@rc_matic As I mentioned, at least one company (Goldin) has been offering this for video games. It is likely happening already with some collectors.
@@PatTheNESpunkyep, I’m sure there are even auction houses trying other creative ways to transact collectibles. but I think target market is the key differentiator here. We know that sealed collectors (and likely graded collectors) represents a very very small market; they go to auction houses. “Regular” collectors (majority) don’t- but they do use ebay. Summary: video game “vaulting+selling” is segregated to auction houses, the market for graded games is tiny, eBay vault does not accept games, and ebay vault only accepts graded products. I don’t see the concern. Even if vault did accept games, the market is tiny for graded games and probably not worth the transaction fees in most cases. I think a more interesting question is: if eBay offers vault for graded games, will that change the retro collecting scene? I personally think you might see a small bump in graded collecting due to awareness and not necessarily the service. But overall, I think it’d be minimal
We should put all the collectors in a vault.
Kind of hypocritical on a channel like this lol
I think he meant "ironic".
Airtight lol
And do what...
That would include these talking heads
At some point they’ll have enough in the “vault” to buy/sell/trade stuff they don’t actually have. As long as everyone doesn’t withdrawal at once nobody will know anyway.
So, like what banks do with money.
This hobby has gotten so wild that I've been selling my collection off and washing my hands of this whole culture.
The amount of obvious babies I've run into that expect 20+ year old items to have zero damage (buy a bootleg, its the only real way to get something flawless anymore) and get all butthurt that "they have to find another one now", demanding refunds or threatening returns is just stupid. The really stupid thing to me is that everybody expects me to care about their life story (this is really nothing new), and complain that they don't have time to be hunting down better copies. If you don't have time to hunt for what you want to collect, you don't have time to collect. Period.
Pictures show exactly what you get, and they get ignored. I show the copy for sale working on actual hardware, people claim it doesn't work on their console. Tell me you don't do proper maintenance without telling me you don't do proper maintenance.
The absolute dumbest thing I've seen is this broad acceptance in the community for just throwing your collection into a box or tote and leaving it in their garage or attic, with nobody calling them out, is just insane to me. We've gone full circle! Games pulled out from garages, attics, basements, and bought up at local garage sales and flea markets only to go right back into garages, attics, and basements.
There is no self reflection in this community.
How are you even able to sell them? Every re-seller out there is lubing you up and unzipping his pants! Giving you %25 of the game's total value!
I think the sad thing is the expectation that the market is going to implode and we'll someday just forget about the NES or retro gaming history. It's a self fullfilling prohecy. Sure, collecting is getting out of reach of your average consumer, but that rarity ensures that the games will be taken care of and passed down to the next generation at all. Money is based laregly on what you believe in, those old piano rolls pats dad threw out could be worth a fortune today. But he didn't believe in them so nobody else did. Sure, maybe pat overcorrected buying and collecting things like he does. And maybe he refers to himself as a loser or whatever or it's all garbage blah balh. But pats additude towards collectables is a change in the right direction. I think it's funny pat is always against these large auctions, saying they're a bubble, when he has perhaps one of the most valuable NES collections in the world. It's almost like he doesn't believe in him self, and he hasn't got the recognition he deserves.
They could sell something and store something they don't really have!?!?!?
This sounds like short sellers and the stock market being applied to game collecting 🤣
_They could sell something and store something they don't really have!?!?!?_
Cue that dance club epiphany guy meme with the caption reading *IS THIS HOW FIAT CURRENCY WORKS?!* 😮
(Turns out those pesky truthers that have been screaming all along about dollar being back by absolutely nothing weren't tin foil loons after all, but that's neither here nor there).
Obviously I agree with you guys. I have ZERO graded games in my collection and I don't intent to ever buy a graded game... That said, condition is key for me, so I do collect sealed games, but not only. If I want to play a game and it happens to be selaed, I play the game, no issue. It is an enjoyable experience to open a sealed game! That said, I am not running after sealed games, all my purchases are opportunistic...
Mr. Gimmick is getting a Switch re-release. What are your thoughts?
30.000 on the first released game cartridge when sold on auction.
Love it!
Just imagine, 2,000 years from now someone will be rage quitting Bart Simpson vs the Space Mutants since we preserved it.
Ive never been able to get past the part where these games MSRP'd brand new on a shelf for $30-$60. Giving anyone, including the actual developer $600 for a game is insane to me.
If you guys did tank the market then great job. LOL.
Interesting discussion. This also opens the door to things like bots affecting the prices of collectibles. I'd think someone has already figured out a way to do this with regular eBay auctions by now, but this could take it to a whole different level since there's no physical delivery involved - and since sites like eBay are often used to benchmark prices of collectibles, this would kinda suck the soul out of the market for actual human collectors.
The Rex MD ads are hilarious. We're all nerds, getting it up isn't the issue, it's keeping it from fizzing too soon from the rare chance we get to see a woman's bra strap.
So weird... so weird. I can't imagine buying an expensive game, but opt to put it into a vault with Ebay.
I just put a sealed “Anticipation” on NES in a vault….
Everyone needs to take a deep breath and step back. eBay vault is NOT available for video games-only trading cards for now. Why is that important? Because eBay vault is a solution to a problem, and that problem is NOT retro video games. Vault was likely created to make eBay the de facto place for online card transactions. With the amount of fraud, scams, charge backs on the platform, I doubt any serious card collector would feel safe dropping big money on eBay. Also, if you were to buy, say, a $25k baseball card, guess what that means? You need to store it, insure it and safeguard it. If you have many cards, that bill can rack up. However, if you make eBay your place to buy /store expensive cards, you get quite a bit of benefits. Storage, insurance, verification, and minimal fees. Not a bad deal. Also, we know many collectors eventually liquidate at some point and the biggest obstacle is how to sell. Vault gives you that option with a click of a button. And since eBay vault ONLY allows GRADES products, only a handful of retro gamers would even be interested in it.
You mentioned art. Art is kept in vaults, too. Lots of desirable art is never seen or hung. It's sold back and forth by rich people and their "investment" doesn't get taxed, so people just dump a ton of money into art in warehouses for financial reasons.
The sealed gaming market is very different then the card market. EBAY is not the 1st vault company. PWCC has had a card vault for years, and has been very successful. COMC is a marketplace where you have to send them your cards. And they have MILLIONS of cards in there database. There is a bigger market of people who want to own a Jordan rookie but don’t want to have store it then you would think. I don’t think this would work for games but is it already proven to work for cards
When did you get Stadium Events?
If you have something but keep it in a bank vault for your whole life, do you really own it?
I sold a Magic card on eBay for about $700 recently and the buyer told me it was getting sent to the vault lol
idiot! It should be hung on his wall with a thumbtack
the guy who sold the tecmo bowl game must have laughed all the way to the bank and back when he sold it for 144.000.000$ .. Collecting for value and profit is stupid
The concept of collecting video games that I'll never get to hold in my own hands, and only own in the hopes that I can sell them for more than I paid I just find preposterous. When I buy a game it is because I wish to play it. I don't care about what it might be worth at a later date. I recently replaced all the labels on my Atari 2600 collection. My brother mentioned that they are all worth less now. I don't f'ing care. I wanted them to look nice. I wanted to have the collection I could have only dreamed about as a kid, not a collection of 40+ year old worn out labels that look like crap. All of my consoles and cartridges have been refurbished to look like new. That is worth far more to me than some future perceived value that someone else might be willing to pay for something I never intend to sell anyway.
The problem is collecting is getting known. I don't just mean among new collectors/investors but by criminals too. A friend was robbed. They took all of his magic the gathering cards, comics, and games.
He didn't have any expensively rare comics,games, or magic cards. Doesn't matter to thieves because they know it's supposed to be worth money because people are buying these things for MILLIONS OF DOLLARS per every news story shared around on social media.
What's funny was his actual expensive collections weren't even touched because people don't discuss watch/clock collecting.
It's hard to justify keeping your collection in your home. Another friend just had to put his guitar collection (pedals and guitars) in a vault, despite him needing them regularly, because he was recently robbed too. They didn't take his guitar gear, thankfully. He's a touring musician in a small band so he spends a lot of time away from home. In fact in the guitar world it's now highly recommended you find cheap pedals to replace your main pedals on your pedal board because guitar pedal theft is starting to rise. Especially as stories of some of the rare ones spread. What sucks is this is resorting in live shows sounding slightly off and sometimes worse. Especially if you need to combine cheap pedals to match your modified pedals, because no one mods Flammas.
6:11 Everything on that chart is and will change in one or two years AFTER everyone has their items in there and are too busy or lazy to deal with taking them out. So storage fee's no? (Yes there are of course going to be storage fee's in a year or two). People once invested after a while will of course pay the additional fee's Ebay changes. Its a system completely fabricated to do one thing. Make Ebay money which use to be your money. That's it.
The Cyberpunk increases....
Get a Mr. Stud™ Implant. All night, every night and she'll never know.
Suppose this is like that company where you buy gold but they keep hold of it and you never see it. Just seems pointless
Enter fractional reserve collecting. 😀
Aside from the Viagra, the ultimate Nintendo and Super Nintendo guidebooks keep me up all night!!!!
So... was the RexMD commercial because they took a look at your demographics or were they just like, "wait a minute, you know Frank? He's our #1 customer!"
am i wrong in suspecting that the $144k tecmo bowl wasn't a genuine sale? seems a lot more likely to me it would be a deal between confederates to keep the market looking hot, or money laundering than someone really deciding to pay $144 for tecmo bowl
Good ole shill bidding 😐 it's no longer about the games 😔
This is horrific for collecting hobbies. Make no mistake, the commodification of collectibles is NOT part of a hobby. The individuals are NOT collectors, they're investors. This not only grossly perverts value, but it artificially inflates cost for the actual collectors to participate in a hobby. It's also poisoning the minds of a lot of real collectors. SO MANY care about what grade they can get for a toy or comic they will never hold again outside of an acrylic case. Value and worth and condition are part of these hobbies, but to the degree they're focused on today is just sad and pathetic.
This "vault" system is gross to actual collectors, the fact that nostalgia goods have been turned into "stocks" and are only cared about for their potential increase in value is simply a bastardization of how these items became valuable in the first place.
For some dumb reason I thought this might, just might be one of those "vaults" where the storefront will keep items you buy and then you could get the items in your vault shipped all at once to save on from the multiple shipping fees you would have incurred for multiple items from multiple sellers within said storefront.
It is , I hate to admit it, a sort of devious James Bond villain type of egregiously evil plan. Some exec came up with this and thought ‘there’s no way they will go for this...will they???’ And realised how messed up the whole scene is and sold it to the top brass...this is absolutely mental. And , just like the muppets who buy things like Mario 64 for millions I think that every single person who loses money from this scam deserves If you are DUMB enough to spend crazy money on SEEEEEAAAALED games(or cards or whatever) and NEVER have that purchase in your possession???!
You deserve to be burned and ripped off and scammed.
It’s going to be the same as the NFT crap...a few savvy people will get in, make bank and bail before 99% of the rest and it will get popular, get press coverage, get crazy and then collapse....
This sounds exactly how countries store and trade gold. It sits in a vault, a country gives another country the gold, the name on the pile inside the vault just changes. Doesn't even leave the building.
This is absurd i think..
Real collectors would like their game collections at home,
And enjoy them the way you like...
This is more for resellers,
And because of these people the retro collection is now very hard because of the crazy prices.
Greetz to everyone and from an gamer and collector from holland😬
I have a very very hard time believing anyone is paying $90 for a single viagra as that ad copy suggests.
Are the items even real? What's to stop them from selling an item multiple times and just pretending that it's in the "vault". They could have one black-lotus and sell it multiple times until that one out 10 buyers wants the real item and not the vault storage.
$5,000 for Techmobowl I would argue that they made out!😂
Thanks for sharing your experience and wisdom with us.
If I sell my Wally bear and the no gang. Will they put it in the vault? It means a lot to me.
oh my god. It's NFTs for collecting.
I like to imagine a situation where someone makes an elaborate plan to rob this vault. The day comes, they finally do it but as they're making their getaway the value of everything they stole is rapidly decreasing.
Is the irony of this topic hitting for anyone else? Correct me if I’m wrong but doesn’t Pat keep his NWC in a vault?
@@qwertz721 So by your logic, if you’re “famous” enough, you shouldn’t keep anything of value in your house? That’s idiotic. Besides, unless he’s doxed, no one should know where he lives. And even more so, if someone is crazy enough to break into his house, not having the NWC cart around isn’t gonna stop them. I mean for fucks sake, the things have serial numbers attached to them. Who would you even sell it to?
“You’ll own nothing and be happy.” -World Economic Forum
a physical NFT? Lolz
Lold hard at the ad and Ian’s reading of said ad
The amico will strive in this vault system
I used to have nightmares about this. This is so f--ked up. The only slightly positive thing I can say is that now slabbed games are not totally worthless - this is the type of thing they were made for. 😢
You realize that the vault is only for trading cards, right? Not video games
@@rc_matic not yet...
@@StusGameReviews or ever. Did you read eBay vault? They only accept graded cards. So even if games came to the platform, it would only be graded games. And we all know how microscopic that market is. This video and all the comments are fuss about a hypothetical situation that affects a tiny market. Don’t waste your mental energy
This is seeping into other hobbies like Lego now too. It's ridiculous
Pat looks like a Starfield NPC in the thumbnail
As if Ebay is trustworthy enough for this! They already gouge in fees lmao What a joke... I love game collecting but this is all getting so stupid. Half the reason I collect is playing the games and I love having the bookshelves like a library of something I love.
Guy pissed away $144k for a video game 😂😂
The difference with stocks is that when you sell for a profit, you pay taxes.... Can you hear Mr. Taxes catching up to this unregulated market?
It has with art, hence new markets.
Hope all is well. Missing the content 🥺
I do keep CDs, DVDs, and games in drawers and shoe boxes. Hard copies are the best in having ownership to never be altered at any time.
Unless stored in a vacuum with no light, all disc and cartridge based media will degrade and eventually not work. Collecting this stuff is in the end a waste of time unless u do it for short term profits...
This has been art collecting for years and years. Welcome to the void
if something is never in your physical possession do you really own it?
I'm gonna assume these items aren't being stored in a Robovault.
TCG player already does this. And it works well because tcg player has established customer. Ebay doesn't have that. They have a huge customer base. I doubt it'll work but we'll see
i think all Funko Pops should be put into a vault and shot far into outer space.
Wow!! I remember when lootcrate was the main sponsor........
This is just like buying gold and not actually physically keeping the metal at your home.
Collectables like video games are way too volatile though. With precious metals you know will always hold their value. Video games and other similar collectables may be worth a lot of money now but might not hold the same value in 20 plus years.
I collect things because they make me happy to own and I enjoy searching for things I want in the wild. I don't collect these things for monetary value, as I don't intend to sell them.
You guys dove way into this. It’s just a way for eBay to make sure things are bought and sold through their site. Fraud protection. Worst case you ask for your card. That’s it. Buy resell. Easy.
Pat... to be fair your nes carts should be in fort Knox
He sold it to Rick at pawn stars
This whole collecting thing is over. It's all digital for me from here on out.
The Great NES heist is coming to fruition now
Its a huge smoke screen. This is pt.2 of the dentist initiative lmfaoooo.
LMAO, I COME BACK AFTER 2 YEARS AND THEY ARE READING VIAGARA ADS, LOL.
Good for you guys though $$. That's fucking jokes
Last
My NES toaster model is a good enough vault for me.
Does pat have his big collectibles on display at home? Or in a vault?
This is a great setup for a Ponzi scam, if it weren't a large reputable company like Ebay
Like Ian said, its an investment asset for prolly 90% of people who gonna use this so im not really shocked. Ebay just streamlining the process.
I love how Ian is just being held captive in some basement, probably pat’s...
Oh my goodness this sounds just like spread betting
I've been seeing this on the app and only just now understood it with this video lol
its a "pyramid trading".
Perfect opportunity for a little fraud for the vaulting company. A dishonest vaulting company could hav 10x of a similiar sealed game, and if they are just sitting in the vault they could sell 50% of these flr a little extra money. No one will notice before eveyone decides to "withdraw" the games from the vault...
They belong in a museum.
You know what they say about common sense? It's not common.
So in a sense the game/collectible doesn't even need to exist!
1:31
The first day I heard about the vault for cards on ebay I knew a vault for video games was coming. This is just like nfts tied to real life assets. It is absolutely the future of retro game collecting. People value space. I would rather not have it in my house if I dont play it.
I sold my collection about 7 years ago because guess what… it’s not fun anymore. TH-camrs like yourself might have inadvertently ruined it but I hold nothing against you Pat and Ian… just wish I was back at tag sales seeing Vectrex consoles for $50-$75 because even older people know the costs now… storing things in a vault is the absolute end of the hobby for me! Enjoy ruining things for real collectors scum bags (pat and Ian not actual scum bags)
Lol. They helped drive up prices. Ask Pat where his collection is. Dude talks about how numbers are inflated. Didn't stop him from selling at a peak.
Between their gaslighting of other collectors and creators. Their hypocrisy regarding the collectors market. And pat not understanding basic concepts which Ian has to explain to him while also being ill informed. I think I'm done with this channel. And I see the numbers tell me I'm not alone.
Maybe looking TOO far into it but yea I get ya
fractional reserve gaming
pokey man cards 🕶️
Wow pat just got about as low as he can go. Now just a shill for dodgy medical company's way to go you.
Hey Danielle this is going to be worth a million dollars one day? Lmao
She ran back to comics to scam her whatnot following because she couldn't dictate the sealed market
do you think there could be some money laundering going on with all this?
Not sure about money laundering, but if this eventually leads people start selling things they actually have it'll be eerily reminiscent of the birth of fiat currency and fractional reserve banking.
Hello Pat my name is Isaiah and I have something important to say to you. You see one day the earth will be taken over not by a human but by evil spirits and their leader Satan who will pretend to be God and he will give you a mark if you and your loved ones take it you will all be goners. But there is hope that hope is Jesus and he loves you and like any father he wants to help you and keep you safe especially from the devil.But I can not force you to believe the choice is ultimately yours have a nice day Shalom Shalom.
This is fucking ridiculous.
Personally I've been buying stuff sealed to then open it and use it, because why not 😂
This will never work for me. I love to own physical media in my room and actually use or pose it. This will not be for everyone.
You'll own nothing and be happy.....
Ah. So it's a tax dodge for rich people. It's what they do with art, but that's been cracked down on, so new markets are I guess picking up the slack.
Nazis kept art in vaults OUAT. Difference is they stole that art. Not saying anything. Just struck me somehow.
I dont feel sorry, thats good for them