Over the past year, sales of sealed, graded video games have joined the collectible frenzy that has seen strong sales of graded sports cards and Pokemon cards.
What Happened: On July 11, a sealed copy of "Super Mario 64" was sold by Heritage Auctions for $1.56 million.
The game was graded a 9.8 A++, the highest grade given by Wata, a top video game grader.
The record breaks a video game record that was set two days earlier with the $870,000 purchase price of a sealed graded copy of "The Legend of Zelda" for NES.
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Why It’s Important: Over the past 12 months, there have been a number of video games that sold for more than $100,000 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 games originally sold by Nintendo Co NTDOY.
Fractional ownership sites like Rally Rd have created a way for investors to own a piece of the growing video game segment.
Rally Rd has a 1987 "Legend of Zelda" game valued at $115,000 listed as coming soon.
Owners of a 1985 NES "Super Mario Bros" game graded 9.8 A+ turned down a $484,505 buyout offer. The game is valued at $690,000 on the platform going from $50 per share to $230 share since its listing.
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