- Post
- #1486865
- Topic
- Can someone explain why this VHS copy of ROTJ is going for $1650.00 ?!
- Link
- https://originaltrilogy.com/post/id/1486865/action/topic#1486865
- Time
Heritage Auctions is pulling the same shady crap they did with the video game market. There’s a documentary about these practices on YouTube called “Exposing FRAUD And DECEPTION In The Retro Video Game Market”.
Here’s their ploy: they create a new category of graded collectibles, then sell them to themselves and other insiders at massively inflated prices, prices no reasonable person would ever pay except their own insiders. This sets inflated baseline prices and balloons that entire collectible market. They then profit massively through their partners’ grading services and subsequent auction premiums. Their insiders also seem to buy up huge inventories of the collectibles in question (in this case sealed VHS tapes) before starting the scam, so they have a corner on the market. It’s quite ingenious, except that it’s borderline illegal.