isiolia wrote:pook99 wrote:Does anyone else think the retro grading system is the dumbest thing in the world? For those of you who dont know what I'm talking about, you can send your retro game to a company, they grade it on its condition and then they seal it up in an airtight case with a letter grade, never to be played again. This process can increase the value of some retro games by a decent amount.
To me, the general concept is fine. It's similar to what comics and trading cards and whatever else has had for a long time. Preserving the condition makes sense if the point is collecting a pristine copy - the folks that paid millions for Action Comics #1 did so for the item itself, not as reading material.
Even the process itself, go look at Wata's order form - if you paid for next-day service and all the options, the whole process would cost a little over $200. Significantly less if you're not in a huge rush, or don't need them to tear down, test, photograph the PCB, etc. If you're a collector spending hundreds on a new/sealed copy of something, when you could go buy it for $5 loose, then spending an extra, say, $100 to have it verified and preserved isn't really terrible.
I think where things get really, really dumb is people turning around to try and sell graded copies for outlandish amounts. It's likely just an extension of sellers over-valuing things on eBay/etc anyway - IE, since it was mentioned, there's a $35 CiB copy of Top Gun NES listed on eBay atm. There's also one listed for $900. The graded copies I see are $1500 and $3500...for a game that's typically sub-$10 loose.
So, I'd say it's really less the practice of grading games, and more just the hype/speculation around collectible items. Video games in this case. I'm not sure who (if anyone) actually buys graded games at those prices - or vastly overpriced new/sealed copies for that matter.
Sealed collectibles have always been ridiculous. Also, Action Comics #1 had cultural significance that NES Top Gun will never have. The collectible mentality is just perverse, and the sooner the bubble bursts and these greedy morons lose their money, the better.