The legendary Nintendo PlayStation prototype is up for auction

erek

erek

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Dark12 said:
After spending taxes on $1.2 million dollars and paying off debts you will end up with nothing?

Does this guy know how money works?
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You make it, someone takes it. :p

“I can’t keep losing money,” Diebold told Kotaku in an email. “I’ve put a lot of work into this by travelling with it and we have made nothing on it. Every trip that we... have taken with it has cost us money out of pocket.”

Nobody ponied up money for this guy to tour with it!? Mmm, wow.
I take it this is the one Ben Heck fixed.
Just imagine it only sells for a fraction of the 1.2 million someone decided to offer. OUCH!
Or some yuppie rich prick wins it and decides to smash it like those early buyers that wait in days old lines just to smash the limited numbered items infront of others hoping to get one.......
 
I'd be happy to break even and debt free. Didnt cost him much to get it in the first place.

No one made him to go on tour with it to pump the price up. A few articles online would of been just as good.
 
Was this thing advertised before the deal fell through? I remember being in a Toys R Us and seeing something about a new console called Play Station or PlayStation (it was some kind of a display with no working demo) and thinking the name was really stupid, but it was long before the actual PlayStation came out. The NES was still out and my friend bought a TurboGrafx-16 that day, so I'm assuming it was late '89.

It's a really vague memory though, maybe I dreamt it... lol
 
prime2515102 said:
Was this thing advertised before the deal fell through? I remember being in a Toys R Us and seeing something about a new console called Play Station or PlayStation (it was some kind of a display with no working demo) and thinking the name was really stupid, but it was long before the actual PlayStation came out. The NES was still out and my friend bought a TurboGrafx-16 that day, so I'm assuming it was late '89.

It's a really vague memory though, maybe I dreamt it... lol
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I don't recall a stand alone unit at the time, only sources was Nintendo Power tho, AFAIK, Philips was going to do the CD add-on.
 
Looks like an old pc.. might as well buy a pc since the console is headed that way anyways.
 
Dark12 said:
After spending taxes on $1.2 million dollars and paying off debts you will end up with nothing?

Does this guy know how money works?
Click to expand...

I was thinking the same thing - those must be some fairly substantial debts. Then again, it's possible he's including his mortgage in there even though that's not standard practice for people who aren't accountants.

He's owned it long enough that he could count it as long term cap gains. His cost basis is essentially zero, so, worst case, he's still left with $1.02MM after LTCG. Split that 50-50 and he's down to $500k. Even that amount would make massive dent in a Bay Area mortgage. In the rest of CA, it would buy the whole house. Funny that this guy would look down on that as "nearly nothing."
 
erek said:
Anyone else also goin' to be biddin on this bad boy?

"That’s why it’s likely that some big money will be splashed out in this auction. “We turned down 1.2 million from someone in Norway,” Diebold said. He said that after paying taxes on that amount, splitting the remainder 50-50 with his son, and paying off all his outstanding debts, he “will pretty much end up with nothing.”"

https://www.kotaku.com.au/2019/12/nintendo-play-station-prototype-will-be-auctioned-off-in-february/
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1.2 million what? Because 1.2 million Norwegian Krone = $135,894 USD or $194,895 AUD. Notice that it is weaseled by not specifying the currency.

Guy is an idiot, but I'm sure even bigger idiots are going to part with their money at the forthcoming auction.
 
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