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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: 3, Touché) by Runaway1956 on Tuesday July 13 2021, @03:02AM (2 children)
I don't know about that. I've heard the claim that they ARE hoarding money a number of times. How credible are those claims? I can't really say - but the claims are easy to find.
https://www.huffpost.com/entry/rich-americans-hoarding-cash_n_3720941 [huffpost.com]
https://www.financialsamurai.com/why-the-rich-hoard-so-much-cash/ [financialsamurai.com]
https://www.alternet.org/2014/06/5-reasons-rich-are-ruining-economy-hoarding-their-money/ [alternet.org]
https://www.rt.com/business/476400-worlds-super-rich-hoarding-gold/ [rt.com]
Whether they are actually hoarding or not, I don't see a lot of investment in things that stimulate the economy. The economy is contracting. The super wealthy have an ever increasing percentage of the wealth, and the rest of us share an ever shrinking percentage. Wages go down, automation increases, jobs are offshored, money disappears into offshore accounts - and the economy grows less healthy.
Yes, of course I understand that virtually all economists agree that stagnant money is wasted money. It's got to be invested, it's got to be in circulation, or the guy who owns it is losing money. I understand that. So, where's the money?
(Score: 2) by fakefuck39 on Tuesday July 13 2021, @04:57PM (1 child)
You don't know what "economy" means. It does not mean wages and how much cash the poor have. It means the GDP and stock prices. Which have both been steadily increasing.
You are also confused about what "rich" means. Your NBC study sites "half the millionaires" are holding cash. It's the huffpost - a shitty headline grabber site that calls them "rich." A house on my block in Chicago goes for about $2mil. People close to retirement have over $2mil in their 401k+IRA. Those are not rich people. Those are middle class people, close to retirement, who own their house, and as they get close to retirement they move more and more assets into cash and bonds. They might have $3mil in assets total, $2mil is their house, then 500k in stocks, and half in cash and bonds. This is a standard investment plan for fidelity and schwab.
Then you site a site with sentences like "The rich are bullish on the economy just like the investing middle class," and Moscow Times - a Russian propaganda network. Are you freaking kidding me?
The investment in the economy comes all from rich people. The poor have nothing to invest. You know how Bezos has wealth? It's amazon stock. You can pretend that it's cash, but that just makes you mentally handicapped. With their money, the rich invest in companies, buy up land, and don't put any cash in their mattress. Thinking they do just shows you have the mind of an angry 15yo.
(Score: 2) by Runaway1956 on Tuesday July 13 2021, @06:32PM
Oh, that's nice to know. So, all those people who hover under and above the poverty line contribute nothing to the economy. Interesting. Obviously, there isn't much point in investing in businesses that might tap into all that labor potential. Just as obviously, it wouldn't benefit the economy to help them out of poverty.