I see many old N64 games slowly becoming more expensive…. eBay, CEX, and most independent shops have almost the exact same prices.
I realise they all maybe copying each other, but where did the first price increase begin and why?
In: Technology
Let’s say a game sells for $25 normally
Not every seller is going to list it exactly at that. Some will list for $20, some will list for $30. The $20 will probably go fast. The $30 will probably sit for a while and if it ever sells, may even be marked down to $25
but let’s say the game experiences a surge in popularity – maybe it’s discussed on a TV show or something and people start thinking about it again
Those $30 listings will no longer languish waiting for a buyer – they’ll move fast. So new sellers will push the envelope and try $35. Maybe $35 goes fast so they push to $40 and those languish. Market price is probably $35 in that example
It’s not perfectly rational or anything because it relies on the behaviors of buyers and sellers and there will always be outliers lol
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