Other Copy of Sonic the Hedgehog sells for $430,500

[Demon_Skeith]

A 'WATA Certified' copy of Sonic the Hedgehog on the Genesis has sold for $430,500, and Yuji Naka, the game's creators, comments on the sale.

"Is it a scam? That's a scam, right?" before musing, "I wondered if it was time for Sonic to reach a high." After this, he quotes Goldin Auctions from the day before, where the bidding was only at $150,000, before apologizing, saying, "I saw the news that Mario was sold at a high price recently, so I though Sonic was also a high price, but it's different. I'm sorry." Prior to Super Mario 64 setting the record for largest single video game sale, it was broken in April, when a copy of the original Super Mario Bros. sold for $660,000.

 

[Grungie]

I’m admittedly too lazy to see which auction house this came from, but I know WATA got caught under a few scandals a month ago with their practices and them being owned by Heritage Auction, and the allegations of them being involved with artificially inflating the market. Then there’s the whole bit of the owner of Heritage Auction having a history of actually getting in legal trouble by doing the same thing in the coin collecting market 30+ years ago.

Here’s the video, warning, it’s almost an hour long.

I know all the collectors were super suspicious, because these price hikes for the graded games are only a couple years old, on top of WATA advertising that these games are significantly rarer than they really are. The collectors know several collectors who own shipping boxes of sealed games that are allegedly ultra rare according to WATA, who also doesn’t have population reports, despite it being standard practice in other collecting markets.

 

[froggyboy604]

Wow, that is a lot of money for a copy of Sonic the hedgehog.

 

[Demon_Skeith]

I’m admittedly too lazy to see which auction house this came from, but I know WATA got caught under a few scandals a month ago with their practices and them being owned by Heritage Auction, and the allegations of them being involved with artificially inflating the market. Then there’s the whole bit of the owner of Heritage Auction having a history of actually getting in legal trouble by doing the same thing in the coin collecting market 30+ years ago.

Here’s the video, warning, it’s almost an hour long.

I know all the collectors were super suspicious, because these price hikes for the graded games are only a couple years old, on top of WATA advertising that these games are significantly rarer than they really are. The collectors know several collectors who own shipping boxes of sealed games that are allegedly ultra rare according to WATA, who also doesn’t have population reports, despite it being standard practice in other collecting markets.

I did hear past sales were all bogus but couldn't find anything offical. I'm not surpised this is still going.

 

[Grungie]

I did hear past sales were all bogus but couldn't find anything offical. I'm not surpised this is still going.

It’s only been a month and it’s all based on one YouTuber doing some digging. Also within the past couple days, two more auctions from other places also auctioned off a identically graded Super Mario 64, and those didn’t go nearly for the same price as before.

That’s not confirming or denying that the first one that went for $1.5 million was completely bogus, but more so saying that some of those games going for ridiculous prices aren’t exactly rare to find factory sealed. There was a Spider-Man game on the Atari where the first one went for almost $10K and people went “wait, I have sealed copies of that lying around….” And then the auction site got flooded with them, so the price on that plummeted.

So that’s why people are saying the grading companies need population reports to show the actual rarity of the game, as opposed to just selling them on fabricated rarity.

 

[Sincerem]

It isn't a scam, sonic video games have been selling tremendously high. It shows that, they are producing exciting and interesting games that's why gamers keep patronizing them.