claims to expose "fraud and deception" in the
secondary market for classic video games. As has been widely reported, the
record auction price for a pre-owned game has recently been broken several
times. The clip alleges that this is due to market manipulation and insider
dealing at game grading company Wata Games
post on VGC
summarizes the key points. There's a lot to this, here's an
Last year, Wata told the
New York Times that Wata employees were “not allowed to have games graded by
the company or sell those that were”.
“So what you have,” Jobst summarises, “is the president of Wata Games saying
that employees are not allowed to grade or sell graded games, but meanwhile a
director of the company is grading his entire collection.
“But not just grading it, grading it in a special privileged way by naming it,
therefore increasing the value, and immediately selling them through auction
houses at insane prices for profit.