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Super Mario 6 sold for million-dollar- and it wont be the last

Super Mario 6 sold for million-dollar- and it wont be the last

Earlier this month, a sealed copy of Super Mario 64 was sold for $1,560,000, an astonishing price that was almost double the record for the equally flawless copy of The Legend of Zelda two days ago coupled with amazing sales of big video games. Mario’s first 3D adventure seems likely not to be the last million-dollar game.
I think we’ll see more million-dollar games, probably sooner rather than later,” says Chris Kohler who works on rereleases of old video games.

Collecting and selling physical and virtual items at high prices is trendy nowadays. For example, Pokemon cards are very popular. Digital collections have been sold for millions of dollars. Video game’s popularity is still growing (more than half of Americans started playing video games during the pandemic lockdown), and retro games have recently become collectibles.

More than a year ago, a sealed copy of “Super Mario Bros.” claimed to be the most expensive video game ever, priced at $114,000-a huge number at the time, but less than the value of “Super Mario 64”, One-tenth to be precise. Those who start collecting top games may find that the supply is much lower than other collector markets. “I think we will continue to see record sales of [games],” said Dennis Kahn, president and founder of Wata Games, which evaluated the quality of The Legend of Zelda and Super Mario 64 before the auction. “In the end, these old video games are not enough to meet demand.

Another thing that can push up prices is games that are sold in public auctions, which means that anyone can see the price of a potential sale. Before, Kahn said, “When the sales of video games reached five figures, this was a big problem four or five years ago. I knew it, and maybe the other 10 people knew it. Everything happened secretly.

The people who bought Super Mario 64 for $1 million did not publicly announce it, so it’s not clear why they only spent so much money on one game, but Heritage Auctions’ video game sales director Valary McLecky said that no matter who bought the super -Rare games, nostalgic. “People who buy these games are looking for absolutely good examples of games they played when they were young,” he said in an email.

Kahn suggested that Nintendo 64 games might give some people a sweet spot of nostalgia. “I think [for] the generation that really likes alternative assets, for example, the Nintendo 64 era has a lot to do with demographics,” he said. I think this may also be why we are all surprised that the first video game worth more than one million dollars is the Nintendo 64 game. I think no one can foresee this, but it shows the power of emotion. Despite all the other demand drivers, nostalgia and its huge role play.

Super Mario 6 sold for million-dollar- and it wont be the last

Image Credit: The verge

OVERVIEW:

Earlier this month, a sealed copy of Super Mario 64 was sold for $1,560,000, an astonishing price that was almost double the record for the equally flawless copy of The Legend of Zelda two days ago coupled with amazing sales of big video games. Those who start collecting top games may find that the supply is much lower than other collector markets.” I think we will continue to see record sales of [games],” said Dennis Kahn, president and founder of Wata Games, which evaluated the quality of The Legend of Zelda and Super Mario 64 before the auction.”In the end, these old video games are not enough to meet demand. The sales of these records may have a positive impact on the preservation of video games, which is already a daunting challenge due to technological change and decline.

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