Great Video on Game Grading & Auction House Fraud--Parallels to Trading Cards

SmokeyJ · 08-23-2021, 06:35 PM

This works as a good primer for how grading and auction houses can work together to raise prices and work the market.

https://www.youtube.com/watch?v=rvLFEh7V18A

(Not my video, btw)

mlbfan10 · 08-23-2021, 06:36 PM

Just watched myself. Great video

Sent from my Pixel 5 using Tapatalk

corockies · 08-23-2021, 06:47 PM

Tagging this so I can watch it later.

Nodnarb · 08-23-2021, 06:52 PM

Awesome, I'll bookmark, I've always wanted to learn how to grade cards.

MoreToppsPlease · 08-23-2021, 07:57 PM

Ten minutes into this video, it’s completely obvious that the same situation happened/is still happening in cards.

Grading companies and auction houses doing all they can to make collectibles more expensive with their moon bois all over social media pumping and shill bidding as hard as they can.

Thanks for finding this and posting it here.

pip · 08-23-2021, 08:03 PM

Thanks for the link. I see many parallels between WATA Games and PSA. There is a lot of market manipulation that pushes the idea that PSA is the "best" when in fact, there's really not that much difference between them and any other major TPG. Values for PSA are largely driven by sustained slick insider exploitation--the manipulation of buyers--not by reality.

Everyone should watch at least the first 20 minutes.

pip · 08-23-2021, 08:26 PM

Please watch 24:36 to 27:10

https://youtu.be/rvLFEh7V18A?t=1476

Testimony by David Wilson of Collectors Comics (Comic Book Investments on Youtube) that Jim Halperin (part-owner, founder of HA) puts his own items (comics) in Heritage Auctions and then shills them up. Pretty devastating if true.

Could this possibly explain Heritage's use of the "make the 'owner' an offer" and "buy it now" features on its website? Shill up an HA-owned item over time, create a false perception of value, then sell it directly to a real, unsuspecting buyer. Is this the usual modus operandi?

I'm thinking that maybe HA should have received a higher percentage of votes: https://www.blowoutforums.com/showthread.php?t=1472990

pip · 08-23-2021, 08:38 PM

Sure hope the FBI is paying attention to this thread.

GOCubsGo32 · 08-23-2021, 08:42 PM

Okay, a small disclaimer this video is 52 mins. (I know, I know it's long) ....however....

Every second watching it? WORTH IT.

Seriously, this maybe one of the most informative Youtube videos I've watched in a very long time.

Every collector should consider watching this video & sharing it.

Thank you for sharing this video with us!

JRX · 08-23-2021, 08:49 PM

So far I'm most impressed by all the pixel perfect clips they're showing from super mario bros lol

MoreToppsPlease · 08-23-2021, 08:55 PM

Quote:

Originally Posted by GOCubsGo32

Okay, a small disclaimer this video is 52 mins. (I know, I know it's long) ....however....

Every second watching it? WORTH IT.

Seriously, this maybe one of the most informative Youtube videos I've watched in a very long time.

Every collector should consider watching this video & sharing it.

Thank you for sharing this video with us!

Yes, can this thread and/or the link to that video be stickied to this board?

Rooftop · 08-23-2021, 09:00 PM

Heritage is trash

pip · 08-23-2021, 09:07 PM

173,744 views in less than 24 hours. This youtube video is in the process of going viral. Some very powerful and wealthy individuals (e.g. Halperin) are going to be really upset at the allegations. It wouldn't at all surprise me if the youtuber who published this video (Karl Jobst) gets de-platformed in the near future. Watch it while you still can.

superdan49 · 08-23-2021, 09:16 PM

Just a reminder that ¶21 of Heritage's "Terms and Conditions of Auction" declare the following:

https://www.ha.com/c/ref/terms-and-c....zx?view=terms

JRX · 08-23-2021, 09:19 PM

Seems pretty much a given that Fanatics will grade their own cards and open their own auction house given the kinds of people in charge.

MoreToppsPlease · 08-23-2021, 09:22 PM

Quote:

Originally Posted by JRX

Seems pretty much a given that Fanatics will grade their own cards and open their own auction house given the kinds of people in charge.

Which is fine if everyone knows about it.

People should know grading was never what it was cracked up to be…not even close…in terms of $$$.

imbluestreak23 · 08-23-2021, 09:26 PM

The guy creating this video is a pure game nerd!

His background music is the music in Mass Effect when your on the Normandy. Just thought everyone should know.

JRX · 08-23-2021, 09:26 PM

The coin grading example is probably the best cautionary tale for games and cards.

Rooftop · 08-23-2021, 09:30 PM

Quote:

Originally Posted by imbluestreak23

The guy creating this video is a pure game nerd!

His background music is the music in Mass Effect when your on the Normandy. Just thought everyone should know.

Amazing you would know this

MoreToppsPlease · 08-23-2021, 09:32 PM

Quote:

Originally Posted by JRX

The coin grading example is probably the best cautionary tale for games and cards.

And tulips.

imbluestreak23 · 08-23-2021, 09:32 PM

Quote:

Originally Posted by Rooftop

Amazing you would know this

Every hardcore gamer should know this lol!

pip · 08-23-2021, 09:39 PM

Quote:

Originally Posted by superdan49

Just a reminder that ¶21 of Heritage's "Terms and Conditions of Auction" declare the following:

https://www.ha.com/c/ref/terms-and-c....zx?view=terms

SGC has the same disclaimer about those who may submit cards for grading.

JRX · 08-23-2021, 09:40 PM

Well I finished the video, its pretty much a given that wata and heritage is a massive scam.

SmokeyJ · 08-23-2021, 09:41 PM

Quote:

Originally Posted by imbluestreak23

The guy creating this video is a pure game nerd!

His background music is the music in Mass Effect when your on the Normandy. Just thought everyone should know.

I came across his channel by watching his breakdowns of world record Super Mario speedruns. I didn't even know of such a thing at the time but the video was so well done. It's fascinating the skill involved and the glitches that have bern discovered. He does a great job of breaking down a complex topic.

He also has a great probabilistic breakdown of how certain Minecraft records must have been achieved through cheating (tool assisted runs while not indicated as such).

Sent from my LM-G710VM using Tapatalk

SmokeyJ · 08-23-2021, 09:45 PM

Quote:

Originally Posted by JRX

The coin grading example is probably the best cautionary tale for games and cards.

Yes. I had never heard that story, but it sure seems much like we're seeing these days.

Sent from my LM-G710VM using Tapatalk

08-23-2021, 06:35 PM	#1
SmokeyJ Member Join Date: Oct 2019 Posts: 1,086 smokeyj628	Great Video on Game Grading & Auction House Fraud--Parallels to Trading Cards This works as a good primer for how grading and auction houses can work together to raise prices and work the market. https://www.youtube.com/watch?v=rvLFEh7V18A (Not my video, btw)

08-23-2021, 06:36 PM	#2
mlbfan10 Member Join Date: Nov 2008 Location: Myrtle Beach, SC Posts: 4,720 coastalcardcollectivellc mlbfan10	Just watched myself. Great video Sent from my Pixel 5 using Tapatalk __________________ Go Braves!

08-23-2021, 07:57 PM	#5
MoreToppsPlease Member Join Date: Dec 2018 Posts: 8,676	Ten minutes into this video, it’s completely obvious that the same situation happened/is still happening in cards. Grading companies and auction houses doing all they can to make collectibles more expensive with their moon bois all over social media pumping and shill bidding as hard as they can. Thanks for finding this and posting it here. __________________ IRS Tax Tip 2022-57 A hobby is any activity that a person pursues because they enjoy it and with no intention of making a profit. People operate a business with the intention of making a profit.

08-23-2021, 08:03 PM	#6
pip Member Join Date: Jul 2019 Location: French underground Posts: 4,009	Thanks for the link. I see many parallels between WATA Games and PSA. There is a lot of market manipulation that pushes the idea that PSA is the "best" when in fact, there's really not that much difference between them and any other major TPG. Values for PSA are largely driven by sustained slick insider exploitation--the manipulation of buyers--not by reality. Everyone should watch at least the first 20 minutes. __________________ Dealers to avoid -- https://www.blowoutforums.com/showpost.php?p=14831085&postcount=1

08-23-2021, 08:26 PM	#7
pip Member Join Date: Jul 2019 Location: French underground Posts: 4,009	Please watch 24:36 to 27:10 https://youtu.be/rvLFEh7V18A?t=1476 Testimony by David Wilson of Collectors Comics (Comic Book Investments on Youtube) that Jim Halperin (part-owner, founder of HA) puts his own items (comics) in Heritage Auctions and then shills them up. Pretty devastating if true. Could this possibly explain Heritage's use of the "make the 'owner' an offer" and "buy it now" features on its website? Shill up an HA-owned item over time, create a false perception of value, then sell it directly to a real, unsuspecting buyer. Is this the usual modus operandi? I'm thinking that maybe HA should have received a higher percentage of votes: https://www.blowoutforums.com/showthread.php?t=1472990 __________________ Dealers to avoid -- https://www.blowoutforums.com/showpost.php?p=14831085&postcount=1

08-23-2021, 06:47 PM	#3
corockies Member Join Date: Jan 2013 Posts: 3,312 corockies corockies	Tagging this so I can watch it later.

08-23-2021, 06:52 PM	#4
Nodnarb Member Join Date: Mar 2021 Location: NorCal Posts: 173 mercdawg82 Nodnarb82	Awesome, I'll bookmark, I've always wanted to learn how to grade cards.

08-23-2021, 08:38 PM	#8
pip Member Join Date: Jul 2019 Location: French underground Posts: 4,009	Sure hope the FBI is paying attention to this thread. __________________ Dealers to avoid -- https://www.blowoutforums.com/showpost.php?p=14831085&postcount=1

08-23-2021, 08:42 PM	#9
GOCubsGo32 Member Join Date: Oct 2019 Posts: 62	Okay, a small disclaimer this video is 52 mins. (I know, I know it's long) ....however.... Every second watching it? WORTH IT. Seriously, this maybe one of the most informative Youtube videos I've watched in a very long time. Every collector should consider watching this video & sharing it. Thank you for sharing this video with us!

08-23-2021, 08:49 PM	#10
JRX Member Join Date: May 2020 Location: Charlotte, NC Posts: 15,954	So far I'm most impressed by all the pixel perfect clips they're showing from super mario bros lol

08-23-2021, 09:00 PM	#12
Rooftop Member Join Date: Oct 2013 Posts: 3,531	Heritage is trash

08-23-2021, 09:07 PM	#13
pip Member Join Date: Jul 2019 Location: French underground Posts: 4,009	173,744 views in less than 24 hours. This youtube video is in the process of going viral. Some very powerful and wealthy individuals (e.g. Halperin) are going to be really upset at the allegations. It wouldn't at all surprise me if the youtuber who published this video (Karl Jobst) gets de-platformed in the near future. Watch it while you still can. __________________ Dealers to avoid -- https://www.blowoutforums.com/showpost.php?p=14831085&postcount=1 Last edited by pip; 08-23-2021 at 09:12 PM.

08-23-2021, 09:16 PM	#14
superdan49 BODA Join Date: Mar 2015 Posts: 4,272	Just a reminder that ¶21 of Heritage's "Terms and Conditions of Auction" declare the following: https://www.ha.com/c/ref/terms-and-c....zx?view=terms __________________ Cardboard Detective Emeritus superdan49@protonmail.com — Anonymous Tip-line

08-23-2021, 09:19 PM	#15
JRX Member Join Date: May 2020 Location: Charlotte, NC Posts: 15,954	Seems pretty much a given that Fanatics will grade their own cards and open their own auction house given the kinds of people in charge.

08-23-2021, 09:26 PM	#17
imbluestreak23 Member Join Date: Mar 2012 Location: Meandering the matrix code that the hobby/forum overlords spit out Posts: 17,854 shortslabs	The guy creating this video is a pure game nerd! His background music is the music in Mass Effect when your on the Normandy. Just thought everyone should know. __________________ @shortslabs I'VE WITNESSED HOW THE SAUSAGE IS MADE HERE...IT'S ROTTEN https://www.youtube.com/c/TylerShort

08-23-2021, 09:40 PM	#23
JRX Member Join Date: May 2020 Location: Charlotte, NC Posts: 15,954	Well I finished the video, its pretty much a given that wata and heritage is a massive scam.