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In a technology-intensive and deeply dependent society, consumers are constantly hoarding shiny new things.
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According to Statista, global information technology spending on devices (phones, PCs, tablets, printers, enterprise software, communications services and data center systems) will weigh in at $4.26 trillion by 2021. This number is expected to grow to around $4.43 trillion. 2022.
This number does not include video game-related equipment, which is a large category of its own. According to a report from The NPD Group, people spent $12.35 billion on video games in Q2 2022 alone.
Consumers are clearly turning away from new technologies, but what’s happening to old — especially vintage — tech?
It is being auctioned for thousands of dollars.
Vintage tech and gaming gear go for luck
A new study from Simple Ghar in collaboration with Neomam Studios has compiled a list of the 10 most expensive tech items seen on Maven.
- Nintendo 64 Lawson Ticket Site J-League: 64,646 dollars
- Nintendo Game Boy Advance: 24,000 dollars
- Apple iPod Classic 1st Gen White (Boxed): 20,000 dollars
- Nintendo Game Boy Advance Charizard (Packaged): 15,008 dollars
- Apple iPhone 1st Gen Black (Boxed): 11,900 dollars
- Apple Macintosh M5126: 10,155 dollars
- Apple Macintosh Mac SE: $10,150
- Nintendo Game Boy Advance Pokemon Center Groudon: 10,010 dollars
- Apple iPhone 3GS Black (Boxed): 8,001 dollars
- Nintendo 64 Launch Edition: 8,000 dollars
Check out the full list here.
What makes these items so useful?
“What makes these items so valuable is that they’re in mint condition,” says Luke Doyle, distribution team leader at Neomam Studios. “You’ll notice that most of them are ‘packaged’. Also, some top-grossing items are limited edition.
Although these price tags are shocking, they are not exactly surprising.
“It’s no surprise that many old electronics are now fetching ten times their original value,” says Doyle. “We live in an age where buyers define rarity, retro design, performance and nostalgia – and collectors are willing to pay thousands for these qualities.”
An amazing discovery
What is somewhat surprising is that nostalgia does not seem to value some of the vintage items that one might consider valuable.
“While high-vintage consoles like the NES, SNES and N64 tend to sell for thousands of dollars, the vintage gadget market has not been kind to the Atari 2600,” Doyle said. “Even the most expensive sample of this popular console of the late 70s did not break the $700 barrier.”
Got a technology to sell? Go to eBay
If you have one of these high-priced tech items, your best bet to sell them for top dollar is to head to eBay.
“Ebay seems to be the best platform to sell old technology for a fortune,” Doyle said. “It’s where most of the most expensive gadgets are sold to online bidders around the world.”
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