Yahoo Finance $64k for Nintendo 64: The old tech selling for a fortune online
If you’re one of those people who never throws away your old tech it might be time to consider selling it.
Product-review website Simple Ghar reviewed hundreds of auction listings for older electronics, with some of them bringing in tens of thousands of dollars.
Items like the Nintendo 64, iPhones, iPods and Gameboys are fetching a pretty penny for tech-lovers.
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Multiple product entries were collected for each product category and consumer electronics were ranked based on their most recent sale price.
With the exception of gaming consoles, only electronics sold individually were included.
Taking out the top spot was a 1997 Lawson’s Ticket Station J-Leage Nintendo 64, which recently sold for $64,646 – the most valuable vintage electronic from the analysis.
Many of the most expensive vintage video game consoles were themed, limited-edition runs like the Zelda Minish Cap Game Boy Advance, the Zelda Control Set SNES, and the Pikachu Yellow Game Boy Color.
“New releases every year make years-old technology instantly obsolete – or valued for its scarcity,”the Simple Ghar analysis said.
“Less than 10 years after its release, a factory-sealed iPhone 3GS sold for more than 25 times its original retail price.”
While the latest iPhone retails for around $1,000, a sealed, original, 1st generation iPhone recently sold for $11,900.
Nostalgia sells
It may not come as a surprise that people are willing to pay more to relive their old favourites.
“Nostalgia is one of the most powerful marketing trends of the 21st century,” Simple Ghar said.
“Collectors will pay huge sums for electronics from their childhood, creating serious opportunities for anyone with a well-preserved console, computer, or audio device.”
Top-selling products
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