Is it not conceivable that video games might be collected in the same way in 60 or 70 years time?
Young people starting to collect now might rationalising their purchases as a bet that the value of such things will skyrocket by the end of their lifetime. I don't think that's such a crazy bet.
EDIT: I said track and field originally.
Why would someone bid multiple times when they already have the highest bid?
In this system, the highest bid always wins -- bid amount being equal, the earlier bid prevails.
This video will explain shows actual game play. http://www.youtube.com/watch?v=KJY7HKJsnAI
Source: I once put a website for sale on eBay. Bids went up to $10M. The press covered it like crazy. Turned out the bids were fake.
For example:
http://www.salon.com/2000/09/11/ebay_deadpool/
There were articles about it in Forbes and Cnet also.
I had imagined that someday I would just be able to emulate the games on future computers, and there was no rational reason to waste space with the dusty relics I was not playing. What was less obvious at the time was that I really had little intention of actually re-playing most of these now collectibles which I had already played to a pulp. The future of perfect hardware and software emulation was as irrelevant as was impossible.
What I gave up for some quick cash was basically a life long historical record with the physical artifacts to match. It will be a bitter sweet day in the future when I visit the Video Game Museum to see my lost history. At least I still have my Marvel cards.
