not just the extra business that helps grading companies as they also take a percentage of the market value when grading a game take heritage auctions for example oh i already know this they get NUMBER_TOKEN of whatever the price is so if it sells for NUMBER_TOKEN you're paying a hundred and twenty thousand dollars to here to auction which is where all of the current record-breaking video game sales are taking place they charge a NUMBER_TOKEN buyer's premium on every sale so if you buy a video game for NUMBER_TOKEN million dollars you need to pay the auction house NUMBER_TOKEN NUMBER_TOKEN dollars on youtube just for ships and giggles they also take five percent from the seller as well you can begin to see why grading companies and auction houses would really want prices to go up it's it's why i will never buy from heritage auctions and it's why i never have and i never will i agree i think there's scum i think it's trash i think it is not fair what they do and they rip people off especially in this massive bubble but their business what are you gonna do in there unless someone comes up with a new one trist maybe only also why grading companies and auction houses should never be speculating on the price of goods or impacting markets directly they have a huge conflict of interest and whenever you see a grading company or an auction house talking about how valuable games are you know it's because they want to drive prices up president and ceo of water games is dennis khan and he is a key player the other important company heritage auction NUMBER_TOKEN by steve ivey and jim halperin steve ivey isn't very important to this story but jim on the other hand i'm critical i am all for this video chat i am all for this video let's see what the PROFANITY_TOKEN happens PROFANITY_TOKEN water harry potter are in the business of selling rare collectibles and memorabilia they sell coins comics art anything you can collect that has value and in NUMBER_TOKEN they started selling video games but not just any video games only games that had been graded through water games the interesting thing about the relationship between water and heritage is that it seems to have existed before water even began grading games on the initial website of water when it launched it had a dealer spotlight section where it listed key relationships one was heritage auctions where it stated that water certified video games will be featured in heritage online auctions okay and this doesn't make sense the entire point of certification is to guarantee authenticity and quality but a guarantee is worthless if you haven't established a history of accurate work why would heritage auctions a prestigious auction house agreed to sell games from a company that hadn't graded a single game okay i see what's happening here why would they trust a business that hadn't even done any business to begin with when there was already an existing grading company that had been grading games for NUMBER_TOKEN years the only explanation to me is that heritage auctions was involved in some way in the creation of water games and knew that it was on board with their mutual goals and if you needed any further evidence of this pre-existing relationship jim halperin oh no way heritage auctions was listed on the water website as an advisor am i PROFANITY_TOKEN and to make potential buyers aware that a market is building
NO_SEGMENT_TOKEN