Giant video game collection for sale

https://www.yahoo.com/tech/worlds-largest-video-game-collection-is-up-for-sale-88373680764.html

You can get in on the bidding at $100,000! Makes my paltry 300ish steam games look pitiful.

 

I'd buy it, but then I'd be like.. "Okay.. which game do I play? I don't know anything I want to play"

 

A lot of the games are factory sealed. You don't play them, you collect them!

 

That sounds overwhelming. The task of organizing that sounds fun though.

 

If you go to the actual auction page, he totally beat the stock market: http://www.gamegavel.com/item.cgi?show_item=958029

If I read the article correctly, he invested about $3K per year invested over roughly 30 years ($90K investment), and so far is going to net about $690K for that hobby.

$690K / 90K = 766% return. The stock market historical average is something like 10 to 14 %.

 

So it would probably be cheaper to just buy the games on their own then...

 

Historical average per year for stock market is not 10-14, it's like 8% but if you look at s&p index from jan 1984 to now it went from ~160 to 1936. 12.1x your money, about an 8.6% return yearly (take 1.086 ^ 30 and you get roughly 12.1). So stock market would've edged out his video game collection by quite a bit.

However that's not always the case, if you had bought s&p at the peak in 2000 around 1500, you'd only be up like 30% or like 2% a year. So timing has a ton to do with it.

 

some of the games may already hard or impossible to get. What I know some of the rare video games one of them can cost like $100 per piece.

And now the last bidder is peeps_10091970 with $750250.00 bid.

From the bidding history: http://www.gamegavel.com/bid_history.cgi?show_history=0000958029

it seem the only opponent of his bid is catch123 and both seems doesn't have any buying or selling history, I worry if it is a scam, because they way their bidding seems they are playing around especially peeps_10091970 by keep adding $250 to whatever the highest bid bidding and I hope it is not a scam.

 

“I have over 11,000 individual and unique games, and growing. I purchase on average about two games a day. I keep to a regimented budget and have limited myself to approximately $3,000 a year for the past 20 years,”

 

Also you aren't accounting for inflation. $3000 in 1984 was worth about $6900 in today's terms.

 

Mexican games with no battery to save !!!!
Iam pretty sure most games are money losing prospects, look at collectors edition, they decrease in value over time. Some of the older very rare vintage games would increase value.