Rare NES Game Sells for $17,500

[megapenguinx]

I never noticed this before but, the old NES games look kind of like over-sized Gameboy games

 

[Abedeus]

How do retarded people get so much money?

I'm sorry, but I can't think of other name for someone who wastes $17000 on some old games that aren't even good...

 

[atv_chic_18]

17k for a rare game that lasts 7 mins?! No thanks, I'll take that 17k and put it in the bank for something more useful.

 

[obisean]

Well it is a collectible to it's likely to increase in value not depreciate. So it's basically the stock market, but you happen to be a little more attached to it then your one millionth percent of a share of Jack's Apple Pie Shop.

And the entire market could drop out instantly when people realize they're paying 17,500 for cartridges that are inferior to regular games.

Collectibles are not traded on the value of their actual worth though. Babe Ruth cards are not valuable because he was the world's greatest baseball player and the DeLorean is certainly not the best car ever made, but they are valuable because of their scarcity. Now you can argue that value should not be based on rarity, but this is one of the building blocks of most economic systems. It's simply supply and demand. The supply of this cartridge is extremely limited. There is also a demand to go along with this, people obviously want to acquire this(sure it might seem silly to us, but it's his money he can do what he wants). Limited supply with a demand for the items equals a nice fat payout.

I know scarcity is a big thing in driving up demand (Uncle Scrooge taught me that, in a lesson that involved merpeople. God I love those comics), but the demand itself seems to be purely creating the scarcity. To put it another way, if Uwe Boll had only made one copy of his game, it would be sought after. But, if the people who were pursuing got some perspective and slapped themselves in the face, and realised that $17,500 is, like, a lot of money, the market for that thing would evaporate as demand dies down.

Of course, that depends on these collectors suddenly becoming rational human beings.

I agree with creating the rarity. Ever notice how diamonds cost an arm and a leg, but there are thousands of shops filled with them? You'd think with the number of shops. I think they like to make you think that they are rare, so that they can continue charging the outrageous prices for them. If Blood Diamond is to be believed, as it is a (I believe) fictitious story based on the real diamond industry, I am right.

 

[Daedalus1942]

I'm sorry but that is the biggest waste of money. I mean just try to imagine how many hookers you could get with that kind of money. You tell me which is the better buy

Comparative to hookers, the game.

 

[The Shade]

That's a lot of money just for nostalgia/collection.

Of course, I'm being driven to find a copy of Pokemon FireRed/LeafGreen just so I can play classic Pokemon on my new DS, and those run upwards of $50 or $60 CND. So who's more the fool?

 

[mattttherman3]

Good thing I am not a collector, I've seen what it does to my house, all my dads junk is everywhere.

 

[Booze Zombie]

Talk about disposable income.

 

[Sevre]

I've spent a fair bit of cash on Collector's Editions but this is just ridiculous.

 

[Citrus]

I will never understand why people do things like this.

 

[Vanguard_Ex]

Maybe he's just part magpie.

 

[Aardvark Soup]

Actually I can kinda understand it, considering this is the rarest (or certainly most wanted) videogame of all time. And this is the only copy in possession of an actual collector (all the other ones are owned by people who won them in a Nintendo Power competition as kids and probably have no idea how much money they have lying somewhere in their parent's basement).

 

[yeah_so_no]

This, boys and girls, is why you should never throw away ANYTHING. You never know what 'junk' you paid $20 for that twenty years from now will be worth enough to buy a car.

 

[Bomb_The_Yanks]

The most Pricey thing i've ever bought is the limited edition Resident Evil 4 Red ps2 Chainsaw controller which is gathering dust in my back room as I speak.

 

[BillBarilko]

I'm with ya tho, to me this would be so far down my list of priorities it'd be in danger of being inflated by Digdug.

Very nice. I just may steal that some day.

 

[The Rockerfly]

He paid over 9000?

Wow, 17,000 I wonder what price Crysis would go for in 20-30 years...

How much crysis worth?
....
...
..
.
OVER £9000!!!
Sorry, I will stop this now.

Oh and I will take your text advice for the future, assuming I don't get killed by you/mods/anyone who goes on the site a lot/me

 

[BLOONINJA 503]

Dayum... retrofags are serious...