bokmeow
Ned's Ninja Academy Dropout


- Joined
- Apr 11, 2002
- Posts
- 11,314
I'm sure everyone has been following these Lik-Sang/Lan-Kwei/Play-Asia drama for a while. The fact that they are moving the games at these ridiculous prices is just baffling. Maybe there just aren't demand in Hong Kong, although there seems to still be a steady interest in Japan for the rare titles and in Neo-Geo.com (let's face it, we're doing all the buying here). I've been formulating some theories, and here's the only things that I came up with:
1. Playmore succesfully bid on SNK's property, and are stuck with these games for a console that is no longer produced and has little chance for competing now against The Big N (Big N, Big N, Big N, Big N!) but yet they must recover the capital that went into producing these carts, so they were sold through the Hong Kong internet sites.
Counter argument against 1: Who would bid on some property with such a low profit margin, the way these companies are selling them? Though Lan-Kwei is the exception, they actually had Faselei for 29.00.
2. The recalled stock of US NGPC games were in fact headed for SNK NeoGeo Hong Kong, not Japan. Japan already had a Best Collection series being published, there were perhaps plans for a best collection in Hong Kong too, with the renewed packaging but the same carts from the US, hence none of these carts had the original US packaging. Makes sense, because all the packages had US addresses and US warranty information.
Counter argument against number 2. At the time of the recall, was SNK NeoGeo Hong Kong still in operation?
3. Recalled NGPC games were in stock at some warehouse. Like in America, if the lease expires and the person who signed the lease does not claim his property before the expiration, the group that leased out the warehouse can seize the property and auction the contents.
Counter argument against 3. Same as counter argument against 1. Who's going to bid on this stuff with such a low margin of profit?
Discussions welcome.
1. Playmore succesfully bid on SNK's property, and are stuck with these games for a console that is no longer produced and has little chance for competing now against The Big N (Big N, Big N, Big N, Big N!) but yet they must recover the capital that went into producing these carts, so they were sold through the Hong Kong internet sites.
Counter argument against 1: Who would bid on some property with such a low profit margin, the way these companies are selling them? Though Lan-Kwei is the exception, they actually had Faselei for 29.00.
2. The recalled stock of US NGPC games were in fact headed for SNK NeoGeo Hong Kong, not Japan. Japan already had a Best Collection series being published, there were perhaps plans for a best collection in Hong Kong too, with the renewed packaging but the same carts from the US, hence none of these carts had the original US packaging. Makes sense, because all the packages had US addresses and US warranty information.
Counter argument against number 2. At the time of the recall, was SNK NeoGeo Hong Kong still in operation?
3. Recalled NGPC games were in stock at some warehouse. Like in America, if the lease expires and the person who signed the lease does not claim his property before the expiration, the group that leased out the warehouse can seize the property and auction the contents.
Counter argument against 3. Same as counter argument against 1. Who's going to bid on this stuff with such a low margin of profit?
Discussions welcome.