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I watched a really eye-opening video on Youtube last night that pretty succinctly exposed the blatant fraud behind the whole graded/sealed video game market.
Needless to say, Super Mario Bros. selling for $1.5 million dollars is all based on a whole lot of fraudulent market speculation, and it's a house of cards being propped up by an auction house and a grading company that were founded by the same people who caused the coin collecting bubble back in the 1980s.
It's all a bubble, and it's going to pop sooner or later.
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@LeeJ07 I agree those prices are astronomical! Where specifically is the fraud that you're referring to? Was there a specific incident of fraud? Rip-off report? "Bubbles" are not necessarily fraudulent any more than trends or pet rocks. I think the current price of gas the past few months is "fraudulent"
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@Justin I'll link the video here.
It's a bit of a long watch, over 50 minutes, but the video creator went extremely in depth following the money and laid it all out much more succinctly than I'd be able to.
This is the link: https://youtu.be/rvLFEh7V18A