Super Mario Bros. Sealed Game Sold for a Ridiculous Amount.

I had just learnt to wrap my head around the idea that unopened copy of video games of yesteryears are considered collectibles and they go for crazy amounts–like thousands of dollars.

It has been reported on Verge that some anonymous person paid a whopping $2 million for a never-opened copy of Super Mario Bros. The crazy thing is that the sale price broke the record that was set less than a month ago (Super Mario 64 had been auctioned for $1.56 million).

However, this $2 million Super Mario Bros. sale has not been done through the auction route but has been sold through a platform called Rally, which has a unique model of selling collectible items.

According to its self-description, Rally is a platform for buying and selling equity shares in collectible assets such as video games. The “rally to make investing behind ideas, emotions, and communities safe, easy, and accessible.

Basically they acquire valuable items from collections and individuals from all over the world and turn that item into “a company” via regulatory qualification, then they split it into equity shares. Then on the platform an “Initial Offering” is opened where investors can purchase shares and build their portfolio. If someone makes an offer to buy the collectible, then those investors have a say whether to sale it at a particular price through a vote.

The $2 million sale of the video game classic is eye-popping for one more reason: Rally had bought the the unopened Super Mario Bros. for $140,000 last April only. So, quite a profit for investors in a very quick time.