On the seller's side: there's an additional fee that will be taken out of that $300,000 plus any taxes which will need to be paid on this.
I mean, I wouldn't spit on that.That's correct. HA charges fees for both parties (seller and buyer).
The seller also has to file Schedule D (Form 1040) for capital gain tax on the sale. Since he bought it for $75, the capital gain taxes would be huge. I think he will get around $150K after all fees and taxes.
The interest has been there since the beginning, but I'm thinking the money wasn't. Does anyone remember the book they were trying to get published about the console? It was a book all about the Nintendo PlayStation and went onto Kickstarter, which failed to meet the minimum goal they set.
I like how, just because they stumbled upon the Playstation prototype, they feel that they are suddenly experts on the subject and can write a book about it. I bet they didn't know jack about this until they realized it was worth money and started asking around the gaming community to find out more. It's no wonder the book failed, as it would probably contain everything we already knew about the subject. But that's just my humble opinion.
The interest has been there since the beginning, but I'm thinking the money wasn't. Does anyone remember the book they were trying to get published about the console? It was a book all about the Nintendo PlayStation and went onto Kickstarter, which failed to meet the minimum goal they set.
The seller thought it was worth at least $3 million, but the public had a chance to buy it. The market has spoken: this console is worth $300,000 not $3 million.