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Wata Games, the company that rated recent record copies of THE Legend of Zelda and Super Mario 64, was acquired by Collectors Universe, which ranks coins, collectible cards, and other collectibles and memorabilia. The purchase signals the growing importance of video games in the collectibles world, which has recently garnered a lot of interest due to the rising value of things like Pokémon cards.
“Collectibles of all categories, including collectible cards and sports memorabilia, are now firmly viewed as an alternative investment class by enthusiasts and investors,” said Nat Turner, executive chairman of Collectors Universe. , in a press release. “With these categories having recently seen a stratospheric increase, we have identified video games as the next area ready for similar expansion. We partner with Wata because they are the experts in video game scoring and there is simply no other way to recreate the amazing and trustworthy business they have built.
Wata will continue to operate as a stand-alone company with its current leadership, according to the press release.
This isn’t the only recent business change in the collectibles world; Collectors Universe itself was acquired by a group of investors in February. And a different investment group that includes Jay-Z’s Roc Nation acquired the Certified Collectibles (CCG) group, which owns CGC, the comic book and collectible card appraiser, earlier this month. CGC also wants to enter the video game classification market, after announcing on July 8 the hiring of video game experts for a new division, CGC Video Games.
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