Auctions (Other) MYNT Auctions

lgsteelers

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Are people out there really paying these prices? :hmmmm2:
plus 20%+ commissions

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after the auction i recv the following for the ROTJ...
and the auction listing says the item is in NY but the message says MI

Hello,

Thank you for your interest in the Atari 1983 STAR WARS Return of the Jedi Arcade Machine RARE!

This piece is still available for purchase as the reserve price has not been met. We are pleased to offer you the Buy Now price of $8,636 (inclusive of all fees), aside from shipping. Applicable state sales tax may apply. Estimated S&H cost is $650.

Please note that the above shipping quote is an estimate and the determined cost will be added to your final invoice. Alternatively, this lot can be picked up in Michigan.

If you are still interested, please let us know. We would be happy to reach out to the consignor regarding your inquiry.

We look forward to hearing from you!
 
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Hello,

Thank you for your interest in the Atari 1983 STAR WARS Return of the Jedi Arcade Machine RARE!

This piece is still available for purchase as the reserve price has not been met. We are pleased to offer you the Buy Now price of $8,636 (inclusive of all fees), aside from shipping. Applicable state sales tax may apply. Estimated S&H cost is $650.

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My theory on Mynt auction spam:

They find for-sale cabinets, like eBay etc, list them for $10 starting bid, then bid them up to a set amount right when the auction closes. Hoping that they can drop ship someone else's cabinet. It's totally something sketchy and you're not allowed to view the cabinet beforehand even if you're right near where they have it listed.
 
I recently noticed something was off with their listings and the alleged auction pricing with many of them selling for $2700.
 
My theory on Mynt auction spam:

They find for-sale cabinets, like eBay etc, list them for $10 starting bid, then bid them up to a set amount right when the auction closes. Hoping that they can drop ship someone else's cabinet. It's totally something sketchy and you're not allowed to view the cabinet beforehand even if you're right near where they have it listed.
well, you are correct on the ebay items Seller: Pinbulbz and Arcades
Most all of these games are coming up in MYNT auctions
not sure why it says SECURITY, its a link to their sale items on ebay



maybe they are just using Live Auctioneers to drive eyeballs to their items but something just doesnt seem right about this
 
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Is this the seller or just scraped photos? I had a game that I sold on E-bay that had the photos scraped and he was trying to sell a game that was already sold. It sounds fishy to me.
 
Could just be a lead generator?

List as an auction at $10 starting. Collect names and contacts of the bidders. Shill it to a set price, or minimally outbid the highest bidder. Then offer it to all the bidders at the price they wanted to sell at all along. Use the final 'sale' price as an anchor to indicate what a bargain they're offering?
 
that's exactly what i was thinking but how does it work?


Seller sets up a business to sell arcade games, and submits games to auction. Seller coordinates with 'buyers' to bid games way up. Seller gets paid (probably cash on the spot). Seller pays premium to auction house, and walks away with clean cash.

Games are relatively untraceable, as they can always be claimed to have been bought or sold on Craigslist, pulled out of warehouses, etc, and can be disappeared just as easily. And if you aren't actually in the hobby (and know what normal prices are), it's harder to tell when a sale isn't legit, so it's going to fly under a lot of radar.
 
I feel like there are easier things to do money laundering with than arcade games. I'd go with someone trying to generate hype to sell off stuff, like when that copy of Mario Bros. for the NES went for like $150K or something.
 
I feel like there are easier things to do money laundering with than arcade games. I'd go with someone trying to generate hype to sell off stuff, like when that copy of Mario Bros. for the NES went for like $150K or something.

Who said there are actually any arcade games being sold, or any good changing hands at all?
 
I contacted Live Auctioneers about Mynt. They gave me the lawyer run around, and they will "look into it".
 
@rod90, no offense, Live Auctioneers is making money from the transactions and they dont care about your opinion. Contact the New York Attorney General if you actually want something to happen. Use words like 'knowingly' and 'tax fraud'.
 
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