How Much Will Physical Games Be Worth 50 Years From Now?
Like many kids my age, I was a baseball card collector.
I had quite the collection, too, and I still have it. At one point, this collection was appraised at nearly $3,000, so of course I wanted to keep it. After all, in the early 90s, this industry had exploded; people were cashing in on cards from the 50s that were worth as much as $50k and $60k apiece.
But then something happened that was inevitable: People started sifting through their attics, garages, basements and crawl spaces to locate previously forgotten about cards. Many found such cards and as a consequence, the value of these collectibles took a steep dive. And it happened really fast; only five years after being appraised at around $3,000, I had it looked at again, and was told the entire thing wasn't worth more than $30. I wasn't the only one who faced such a discouraging diagnosis...but hey, that means a lot of people threw 'em out, right? And the cycle continues; at some point, they'll be worth something again.
But they keep making baseball cards, and they probably always will. They may not always make video games produced on physical formats. So how much do you think your game collection might be worth fifty years from now? Think about it...there's always a market for niche collectibles and when the entire industry has gone digital, such products could become highly sought after. Some rare cartridges from the olden days are already worth a pretty penny; can you imagine what they'd be worth several decades from now? Even the popular titles that sold millions might be worth a significant chunk of change.
People will start discarding these games because A. They're not worth anything right now, B. Most all consoles aren't backwards compatible, C. A ton of games take up space, and D. We are breeding a culture that has no interest in tangible products; they want everything to exist in the digital space. So when all production of games on physical formats disappears forever, I would strongly advise holding tight to what you've collected in the past. ...no, wait, scratch that. Throw it away! Throw it all away! Please do...so I can benefit...... ;)
4/1/2013 9:49:45 PM Ben Dutka