Retro video games auction for millions of dollars more than 30 years later

Retro video games auction for millions of dollars more than 30 years later

Yahoo Finance's Dan Howley discusses the demand for retro video games among collectors.

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Retro video games auction for millions of dollars more than 30 years later

Tue, August 30, 2022, 6:11 AM

Yahoo Finance's Dan Howley discusses the demand for retro video games among collectors.

Video Transcript

[AUDIO LOGO]

RACHELLE AKUFFO: All right, well, moving on to another collector's market, retro video games. Now, they've proven to be quite lucrative as well. For more, we have Yahoo Finance's resident gamer, Dan Howley. Good to see you, Dan. I myself used to get the blisters on my thumbs from overdoing it on the Nintendo as well.

DAN HOWLEY: That's right, Rachelle. And basically what's going on here is we're seeing more people getting into retro gaming. We saw an explosion during the pandemic, along with the rest of gaming, where people had needed something to do when they were essentially glued to their couch for months on hand-- on end. And so they reached for their games. If they didn't have them, they went back and looked for older games that they may have played and wanted to get back into. So we've seen this kind of growth in the market, and we have a few stats on some of the best-selling games that-- in terms of price that you've seen in history.

There have been some that have gone for several thousand dollars, millions of dollars. Obviously that Mario Brothers game right there, and then that Super Mario 64 game. But we also have the consoles. And so I'm personally building my own collection with my wife. We're not getting anything that's worth a million dollars or anywhere near there, but, you know, we're doing what we can. And so I have a few of them right here. I'll just go down the line from the latest-- just a few of them.

We have an original Playstation here that we still have. We actually managed to buy this. We have an old Super Nintendo. I actually just bought this from someone off of Reddit. But unfortunately, it's broken, so I'm going to be sending that back to them. And then, this is the one that we picked up. We were in Canada, we happened to stop by a store. So we have an original Nintendo here. And so the big deal with a lot of these is that, you know, if you can get them in great condition-- these are all used, and, you know, there's some scuffs on them and things along those lines. One obviously doesn't work.

Retro video games auction for millions of dollars more than 30 years later