Its part of a heating market for collectibles thats likely to continue, experts say.
A sealed copy ofZeldas Legend for the NES was recentlysnapped up for $870,000 at auction.
In April, a copy ofSuper Mario Bros. sold for $660,000.
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“We were shocked to see that it turned out to be in the same one.”
As long as something has a perceived value, often because of nostalgia, it will have a market.
“Why are sneakers released in the ’90s selling again?”
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“Why are sports cards from the ’80s selling again?
Understanding the audience and nostalgia behind the classic game experience is the key to this growing market.”
Hancock pointed out that the nostalgia trend isnt entirely new.
Nintendo recently re-released a version ofMario 64for the Switch, Hancock said.
Hancock noted a shift in recent years in which games are more popular.
What that suggests to me is that nostalgia is driving these sales, as much as scarcity.”
As video games age, it gets harder to find the aging consoles to play them, Randall said.
“Technical incompatibilities creep in,” he added.
But will old game prices continue to rise?
Randall agreed the buying frenzy around old games is likely to continue.
