Originally posted by: jonebone
Originally posted by: BeaglePuss
Originally posted by: icarwngs55
Originally posted by: arch_8ngel
Originally posted by: icarwngs55
4. For above reason I considered tossing mine up, but in the end I love collecting and being young will be able to cherish this for a long while
When you are talking about silly-money, I think the chance of regretting not cashing in might outweigh the joy of sitll having it down the line, but to each his own.
Oh trust me it's a struggle! Though Mark didn't disclose exact amount paid, if it is CLOSE to that $17,500 number; that is why this is so hard. I just worked so hard to find/get it! I mean I (and plenty of others here) have had our I FOUND A LITTLE SAMSON FOR $1! moments, but kept and didn't cash in. Some did. But then I suppose you could argue the difference between a $500 profit and a $10,000 profit. All very difficult I am a NES gamer and collector and will be for foreseeable future. I consider NWC the height of NES collecting and to give it up is tough. Wish I wasn't attached to material things. Not sure how Mark and Matt let so much go... outside of the cash
The best offer was not used. The game sold for the asking price. There's no secret as to what it sold for.
Mark and I still have a complete loose, licensed NES collection. Now we have a complete collection and an additional $17,500.
You'd have to be out of your mind not to make the deal we just did.
We're still in the game for sure. We just took advantage of the market at the moment.
What if the next one at auction hits $25k, $30k or some other Earth shattering number? Nothing wrong with taking a guaranteed profit, but the NWC market may get quite volatile in the upcoming months.
That other one at auction could either make you like a genius or a bit trigger happy. Time can tell. Just have no regets, not that you would anyway.
That's an excellent point, and one that Mark and I have talked a great deal about lately. Here's how I can justify it (or at least try to):
Mark and I are saving for an additional duplex. We need to put about $100K down to make it worth our while. Rent per unit around these parts is approximately $2,000 a month. If we purchase a duplex like our own, we would potentially be able to pay it off in 10-15 years, and from there collect $4,000 a month from the combined units. While the cart may go through the roof in the future, I can justify selling it now for shorter cash as it will help me earn an additional $50,000 a year through a rental property, not to mention the $500K+ the property will be worth paid off. The loss I'll have suffered will be shrug-able in grand scheme of things.
I know that seems like a lot of what-ifs, but it's a plan that's been in place for awhile now and is close to becoming a reality. We're extremely close to that $100K savings point, and I was actually looking at open houses today when Mark told me that the cart had been sold. I would be unfased if the next sale was $50K honestly. Good for them. And, well, good for me.