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A copy of 'Super Mario 64' sold for over $1.5 million, the most ever paid for a video game:
A copy of "Super Mario 64" has sold for more than $1.5 million, smashing the record for the most expensive sale ever of a video game at auction.
The sealed copy of the classic Nintendo 64 video game fetched $1.56 million including fees on Sunday.
Dallas-based auction house Heritage said it was the first time a game had gone for more than $1 million. The sale topped a record set just two days ago, when another Nintendo game, "The Legend of Zelda," was sold for $870,000, the auctioneers said.
[...] "After the record-breaking sale of the first game in the Zelda series on Friday, the possibility of surpassing $1 million on a single video game seemed like a goal that would need to wait for another auction," Heritage Auctions video games specialist Valarie McLeckie said in a statement.
"We were shocked to see that it turned out to be in the same one! We are proud to have been a part of this historic event," she added.
Previously:
"Legend of Zelda" Auction Sets Bar for the Most Expensive Video Game at $870,000
Unopened Super Mario Bros. Game from 1986 Sells for $660,000
(Score: 0) by Anonymous Coward on Monday July 12 2021, @11:24PM (1 child)
Oops, I said it wrong:
pays sales tax *AND* income tax. The whole sale is a profit (you already paid the expense, last year), so you'll be paying 7% sales tax and 40% tax on $1.6mm, possibly with inventory tax if you hold it through the year's end.
So, net, if you pull in $1.6mm, it doesn't matter how, tax is due.
(Score: 2) by fakefuck39 on Tuesday July 13 2021, @12:07AM
I'm not here t explain tax law to you if you think an llc pays income tax and don't know what a cost basis is. Indeed, you did 'say it wrong.' Because you have no dea what you're talking about.