Super Mario Bros. The game was sold for $2 million.


A former Super Mario Bros. announced that the video game sold for $2 million, breaking the record for the most expensive video game sales ever. just set weeks ago.

The 1985 game for Nintendo’s original console was never opened—a rare occurrence for older video games,’ said Rob Petrozzo, co-founder of the collectibles site. rally. An anonymous buyer bought it, he said.

Along with many other forms of investment during the pandemic, the demand for collectibles has increased as people stuck at home looking for ways to spend their money. People have spent millions of dollars on digital artworks known as immutable tokens. internet memes and highlights National Basketball Association players. physical goods, including old cars and sports cards, Have its value rose as well as last year.

But Mr Petrozzo said video games are still a new market. Interest in buying old games It has picked up some in recent years, but many old games have been opened and played, which has caused them to lose value and investors are often afraid of entering an industry they are not familiar with, he said.

Recently, however, a couple of dizzying sales have shaken up interest in the playground. A 1987 Legend of Zelda game cartridge Sold for $870,000 It was considered a record in early July, until the 1996 Super Mario 64 game hit $1.56 million a few days later.

“I think ‘What else? What are the things that have that nostalgia, that have increased in value since childhood?’” said Mr Petrozzo.

The last two record sales were made via an auction. Rally uses a different system. The company buys physical collectibles like comics and cars and invites people to invest in shares of individual items like a stock. When someone makes an offer to buy one of the items outright, Rally receives that offer to investors who vote to sell and cash out their dividends or decline.

Rally, Super Mario Bros. purchased his game for $140,000 in April 2020, and investors turned down a $300,000 offer for it last year. Mr Petrozzo said the $2 million offer from the anonymous buyer, a collector who “makes big bets on the video gaming space”, had the approval of three-quarters of gaming investors.

Ed Converse, a graduate student from Green Bay, Wis., invested $100 in the game last year and said he made $950 from the sale.

“I am very excited about this,” said Mr Converse, 32. “It’s crazy to think I invested in this because of nostalgia for playing video games as a kid, and now it’s selling for $2 million.”

Mr Petrozzo thought the splashy discount might be just the beginning for game collectors.

“I think it didn’t reach the masses,” he said. “You will start to see more people paying attention and doing research.”


Source link

Leave a Reply

Your email address will not be published. Required fields are marked *