The only thing that amazes and perplexes me out of any of this, is that there is still somehow 3,000 to 10,000 people that continue to buy every single game that they release. It's astonishing. How are there that many people buying this stuff? How can there be that many people willing to put up with this obscene amount of 'bad business' tactics just because they think their full PS4 or Switch collections of shovelware games are going to be worth money down the line? Or because they have collector's OCD. It just seems like there are lots of people that have never been long-haul collectors or investors previously with comic books, baseball cards, or Magic and Pokemon cards.
Those days (of video games accruing value) are long over, folks. I would have thought these newspaper / blog stories about some old dude selling his entire vg collection for pennies on the dollar would have been an eye opener for people but apparently not. People read some snippet about a person selling some PSA graded NES game for 100k and they lose their minds.
The only people driving the prices up (on Ebay) ARE these very same people buying everything from LRG right now; the ones buying the occasional title that they missed. No one else is spending that kinda money on these titles. No one is going to care about owning all these titles physically in five years. The demand is entirely vapid. Gone are the days of old PS1 and Sega Saturn games being worth lots of money only because they cannot be acquired or played any other way. Well, these ecosystems are full digital now, and > 50% of new game sales are digital now too. The vast majority of this stuff is going to be available to purchase digitally for pennies on the dollar for decades to come.
People look at recent sales on Ebay and think every game they buy is going to be worth that kind of money in the future. But these are baseball cards. It's the age old rule. People simply don't understand that collectables are only worth what you can sell them for. Are you able sell them? No? Well then it isn't worth squat. This is 'pump & dump' investment at it's finest. It's all artificial demand. 90%+ of these games are going to have beanie baby valuation 5-10 years from now. No one is going to care. People are spending 10s of thousands of dollars on investments that are certain to crash. I thought folks would have figured it out as these titles keep on getting reprinted every time a new (Switch or PS5) system comes out.
LRG has figured out how to sell boxes that would otherwise never sell at regular retail.