139
A rare sticker-sealed copy of Super Mario Bros. just sold for $3 million
(www.engadget.com)
This is a most excellent place for technology news and articles.
I thought all of this speculative market around preserved game boxes was dead, but I see it isn't. I hope we get past this, let it die, and just keep being dead.
It never will be.
This asset can be used as collateral for leverage. So now the owner has it, they can use it to put up maybe around $30,000,000 if they have a good enough relationship with a broker.
Because of the way America is right now too, they can give trump a 10m cut if he slides a particular stock one way or another.
President gets 10m, punter gets got knows how much, and nobody is any the wiser.
It's the same with art, but with art, it's a lot more speculative, which is why you have so many god awful contemporary pieces, because again they'll pay an appraiser to say it's worth 100m when it's a handful of beans on a canvas, and then use that as collateral.
These are just infinite money glitches for the rich.
In all seriousness, there's nothing stopping you and your friends and their families from doing the same thing, but because it's not the system they designed they're going to be skeptical of it and not want to do that.