Sales of sealed, graded video games have joined the collectable fever that has witnessed robust sales of graded sports cards and Pokemon cards over the last year.
What happened was this: Heritage Auctions sold a sealed copy of “Super Mario 64” for $1.56 million on July 11.
Wata, a prominent video game grader, gave the game a 9.8 A++, the best possible score.
The new record tops a $870,000 purchase price for a sealed graded copy of “The Legend of Zelda” for NES established two days prior.
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The Reason for Its Importance: Several video games have sold for more than $100,000 in the last year, including “Super Mario Bros.” for $114,000 in July 2020, “Super Mario Bros. 3” for $156,000 in November, and “Super Mario Bros.” for $660,000 in April 2021, all of which were initially sold by Nintendo Co. (OTC: NTDOY).
Sites like Rally Rd have made it possible for investors to own a piece of the rapidly increasing video game industry.
A 1987 “Legend of Zelda” game worth at $115,000 is on the way from Rally Rd.
A $484,505 buyout bid was rejected down by the owners of a 9.8 A+ NES “Super Mario Bros” game from 1985. Since its listing, the game has increased in value from $50 per share to $230 per share, valuing it at $690,000.
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