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There was an article recently about WataGames and/or other insider companies being the anonymous buyers of games that they themselves put up for auction. This
by TedDoesntTalk 4y ago
There was an article recently about WataGames and/or other insider companies being the anonymous buyers of games that they themselves put up for auction.
This happens in the NFT world, too. Auction an item then anonymously bid it up to millions with multiple fake buyer accounts (winning the auction). The only money you lose is the money paid to the auction house in fees. But you’ve now established a new price point for the cartridge or NFT.
- GaelFG 4y agoI totally see the point, and I wonder if true (really high price) buyers exist, the sums are lesser (but still) but there recently was another story, for simply fake rare games : https://arstechnica.com/gaming/2022/06/inside-the-100k-forgery-scandal-thats-roiling-pc-game-collecting/ https://arstechnica.com/gaming/2022/06/inside-the-100k-forge... That I found 'fun' (sorry for the victims) is the amount of storytelling around theses items, it seems there is a lot of roleplaying, storycrafting and even work to create fake old legit copies.
- slowmovintarget 4y ago"Wash trading." Real banking systems have laws making that a crime.