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Record video game auction prices may be a result of “fraud”

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video games may be a result of collusion between an auction house and a games grading company, alleges a new report.Australian journalist Karl Jobst has claimed that grading firm Wata Games and auction company Heritage Auctions worked in concert to artificially spike the costs of retro video games, potentially for the benefit of figures involved in both companies (thanks, VGC).In a nearly hour-long investigation, Jobst alleges that Deniz Kahn, CEO of Wata, worked with Jim Halperin, co-founder of Heritage, to influence the second-hand market by claiming the value of vintage games would continue to rise, positioning them as investments more than collectibles.Wata Games was founded in 2018 and rates the quality of physical video games,.

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