General Category > General Discussion
The Tim Atwood Story
Superchop:
--- Quote from: segamer on May 20, 2016, 09:30:59 AM --- will people in 100 years desire our game collections? Yes! Working games will be lost to time and therefore, working items will be highly sought after.
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I actually disagree with this...I honestly don't believe that our collections will be really sought after. Judging by the way "gamers" today easily sell everything they have to move onto the next big thing, I doubt that they'll care about anything 2+ generations before the current gen. Right now the market is for people who have a nostalgic connection to the retro stuff or resellers (resellers of course don't care about anything game wise besides the value). Once we reach die our kids or grandkids won't have that same connection to it but instead they'll have a connection to Xbone and ps4 or whatever was out during their childhood years.
My 18 y/o brother for example started with the 360 and now moved on to the xbone...he does not care at all for anything that came before it. He might play with me a bit but at the end of the day he just simply doesn't care. Even his poor x360 hasn't been turned on since he got the xbone. Other kids/teens his age are exactly the same.
Granted there will always be a few people who will want to collect older stuff but it won't be anywhere near the level that it is at now. Supply will eventually increase when current collectors start selling off stuff but the demand may not be there :/
segamer:
This is what your not understanding, many of these collections will not exist in 100 years. Some will be lost to fires, floods, natural disasters; others will be lost to corrosion or disc rott. Much will simply be lost to time. There's a point where items graduate from nostalgia to historical. In 50 years, the population will be at 9 billion people and a quarter of these collections will exist; you're arguing that the value will decline because there won't be enough people who care? I'm mean, it's not like we don't have examples of this in real life. Silver and Golden age comics are 4 to 5 generations removed from most youth. No one care, that's why you can buy Spider-Man number one for a dollar, right!? In a hundred years, no one will really want it and Spider-Man number 1 might be fifty cents? Your logic is that time reduces the number of people who care and as a result, prices drop.
If you're waiting for prices to fall or some bubble (that doesn't exist) to burst, you're going to be waiting forever because it will never happen.
wiggy:
Prices will fall.
ALL collectible commodities gain and lose value, and the faster and larger the gain in value, the harder and faster that they lose value. The bubble will burst. Find an instance of collectible commodities which hasn't gone through this cycle, I dare ya.
segamer:
--- Quote from: wiggy on May 20, 2016, 09:06:22 PM ---Prices will fall.
ALL collectible commodities gain and lose value, and the faster and larger the gain in value, the harder and faster that they lose value. The bubble will burst. Find an instance of collectible commodities which hasn't gone through this cycle, I dare ya.
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80's Star Wars action figures. At no point in collecting history have the prices fallen, they've only increased. The comparison is similar to the collecting of vintage video games. The initial rise in price started in the early 90's due to nostalgia. 100 of millions of Star Wars action figures were produced.
It's not a bubble. A bubble is a summer of kids collecting Pogs. People have been collecting games since the 80's and 90's. Millennials entered a pre-existing world of video game collecting. Yes, many will sell of their collection and buy a car or something. That's been happening over the last decade. Only a mass exodus would cause prices to fall.
Megatron:
I think people are focused a lot on extremes, either super expensive or dirt cheap. When the "bubble" pops, prices will drop. But they'll likely never be what they used to be.
Going back to the OP, Tim Atwood is introducing games in the market no one knew (or very few people knew) were there. That is going to bring down the value. Sure, Stadium Events will still go for thousands of dollars, but not as many thousands. My hope is that if situations like this continue to happen, and values start to slide, the people who do only collect in order to resell and make a profit will sell it off before their ship sinks.
Once people who collect because it's popular get out of the game, their collections are likely to return to the market as well, creating additional supply. It has already been said, but nothing stays popular forever. I just hope we see a nice decrease soon. But with the youtube craze the way it is, more and more people are getting in to the hobby.