4 ms·

During peak bubble, heists are common, I wonder if there is a deflationary event coming to collectibles in general. They've ballooned astronomically in the past

During peak bubble, heists are common, I wonder if there is a deflationary event coming to collectibles in general. They've ballooned astronomically in the past few years and I wonder if its sustainable seeing that in auctions the buy or sell it to each other in order to increase the valuation in hopes that some billionaire will come and buy their rare super mario bros cartridge. I don't know if you had the money and can't think of what to buy next, you end up collecting these insanely expensive nintendo cartridges that you don't even know will work. The FPGA and CD emulator hardware that lets you run games off SD card seems to have put some liquidity suppression. However, there is a novelty to owning the complete game box, complete with mint condition manuals and covers, so there will always be demand for that. Not a good spot for the owner to be in.

Nextgrid 4y ago
> During peak bubble, heists are common But I didn't get the impression that the thief here really knew what he was after - he seemed to do a really poor job pawning the stolen goods (and settled for a lowball figure in some cases for games that were worth much more). To me it seems like a boring robbery - they went after the safe because those typically contain valuables (in this case it also contained cash and precious metals). I'm not sure he ever realized the value of the games he'd stolen.
- dmonitor 4y ago
  When you're selling a stolen rare "artifact", you have to pay the "don't ask the five people who are known to have one of these" fee
  - Nextgrid 4y ago
    I'm not convinced - if he was aware of the rarity of these items and the difficulty fencing them he wouldn't have taken them. If he was knowingly stealing them in order to pawn them for a lowball figure, he could've instead taken the numerous PlayStations that were also in that store and would've sold for similar amounts while attracting much less attention.

Nextgrid 4y ago

> During peak bubble, heists are common But I didn't get the impression that the thief here really knew what he was after - he seemed to do a really poor job pawning the stolen goods (and settled for a lowball figure in some cases for games that were worth much more). To me it seems like a boring robbery - they went after the safe because those typically contain valuables (in this case it also contained cash and precious metals). I'm not sure he ever realized the value of the games he'd stolen.

dmonitor 4y ago
When you're selling a stolen rare "artifact", you have to pay the "don't ask the five people who are known to have one of these" fee
- Nextgrid 4y ago
  I'm not convinced - if he was aware of the rarity of these items and the difficulty fencing them he wouldn't have taken them. If he was knowingly stealing them in order to pawn them for a lowball figure, he could've instead taken the numerous PlayStations that were also in that store and would've sold for similar amounts while attracting much less attention.