Heritage has worked tirelessly for more than four decades to ensure the best possible experience for our consignors and clients. The company and its founders want to ensure all those who love the hobby as much as we do that Heritage has always acted with the utmost integrity and has never falsely inflated the collector video-game marketplace or any other. Heritage Auctions has seen the recent speculation about alleged market manipulation in the collector video-game marketplace. Update ( 4:00 PM ET): Heritage Auctions has since offered a statement on the video, denying the collusion and fraud allegations. Watch Karl Jobst's exposé on YouTube here. Jobst did not contact us to give us the opportunity to correct him." The claims in this video are completely baseless and defamatory and it is unfortunate that Mr. We're humbled by the support of our thousands of customers who trust us to provide accurate and transparent grading. " Wata Games is the trusted leader in collectible video game grading and we're honored to play a key role in this booming industry that we are incredibly passionate about. Heritage Auctions has since denied these accusations, with a spokesperson claiming that Jobst’s video contains “ many misstatements.” A company spokesperson from Wata Games gave the following statement to Screen Rant. Furthermore, very few of the games being sold off at Heritage Auctions were actually purchased by game collectors. He claims that Heritage co-founder Jim Halper and Wata Games president and CEO Deniz Kahn were the ones leading this fraud operation, as Wata directors artificially raised the value of games they’ve graded. Related: The Bizarre Evolution Of Mario’s CapeĪs reported by VGC, journalist Karl Jobst recently posted a bombshell YouTube video claiming that Heritage Auctions has been part of a scheme to inflate the prices of old video game cartridges for an increased profit. Both of these games were sold at Heritage Auctions, which has auctioned off other priceless relics of gaming history like a prototype of the unproduced Nintendo PlayStation console. After that, a sealed early NES R copy of The Legend Of Zelda broke the record for Most Expensive Game with a final price tag of $870,000 in July. This retro gaming price boom began back in March, where an unopened copy of Super Mario Bros. have been selling at auctions for millions of dollars, shattering world records almost as soon as a new one was set. All year long, mint copies of vintage games like The Legend Of Zelda and the original Super Mario Bros. A recent surge in the value of retro Nintendo video game cartridges is allegedly the result of fraud by grading company Wata Games and collectibles auction company Heritage Auctions, according to one journalist’s exposé.
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