Earlier this month, a sealed copy of Super Mario 64 sold for $1,560,000 at auction, a staggering price that nearly doubled a record set just two days before by a similarly pristine copy of The Legend of Zelda. The auctions could mark just the beginning of even more eye-poppingly large video game sales. It seems very likely that Mario’s first 3D adventure won’t be the last game to command a million-dollar sum.
“I think we’ll see more million dollar games, probably sooner rather than later,” Chris Kohler, editorial director at Digital Eclipse, a developer that works on rereleases of classic video games, tells The Verge.
Collecting and selling stuff — both physical and virtual — for expensive prices has become a popular trend. Pokémon cards are massively popular. Some NFTs, a form of digital collectible, have sold for millions of dollars. And people have been pouring huge amounts of money into assets like cryptocurrencies and GameStop’s stock.