Get All Access for $5/mo

The World's Largest Video Game Collection Sells for $750,000 Michael Thomasson, the seller, has auctioned off two video game collections before; the first paid for Sega Genesis, and the second paid for his wedding.

By Laura Entis

Opinions expressed by Entrepreneur contributors are their own.

Sometimes, obsession pays.

For years, Michael Thomasson has collected video games. Lots and lots of video games. Spending about $3,000 a year on them for the last two decades, he managed to amass the largest collection of video games in the world, as verified by the Guinness Book of World Records.

The collection contains over 11,000 games, many still shrink-wrapped. Earlier this month, Thomasson put the entire thing up for sale and on Sunday, it sold for $750,250.

The auction kicked off on June 4 with a starting bid of $1. On June 11, things started getting heated when a bidding war broke out between two potential buyers. (Palmer Luckey, co-founder of the virtual reality technology company Oculus -- which recently sold to Facebook for $2 billion -- bowed out relatively early after placing a bid of just over $90,000).

Related: 3 Things Video Games Can Teach You About Being a Better Business Leader

Thomasson, who worked at several independent gaming stores in the '90s and has been employed at a gaming chain store for the past 10 years, says he decided to sell his collection due to family obligations. "I simply have an immediate family and extended family that have needs that need to be addressed," he explained in his GameGavel listing. "While I do not wish to part with these games, I have responsibilities that I have made to others and this action is how I will help meet them."

This isn't the first time the New York resident has auctioned off his collection of video games. In 1989, he sold his then-stash to buy a Sega Genesis. By 1998, he had acquired complete sets for the Sega Master System and TurboGrafx-16, which he sold to pay for his wedding. "A decade and a half later I still have no regrets," he told Retro Magazine.

As Thomasson prepared to sell his 11,000-plus games, he was already thinking about his next collection. "I've already started buying duplicates of my favorite games," he told Retro. "So, yes, I'm already back to my "bad habits!'"

If only all bad habits were this lucrative.

Related: Bottle of Macallan Whisky Sells for Record-Shattering $628,205

Laura Entis is a reporter for Fortune.com's Venture section.

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Editor's Pick

Growing a Business

Customers Are Changing – Is Your Business Ready?

Follow these four strategies to adapt to changing customer demands and leverage them for success

Business News

'Let It Go': A Couple Has Spent $400K Suing Disney After Being Banned From the Park's Exclusive 33 Club. Social Media Reactions Have Not Been G-Rated.

After getting banned from the exclusive members-only club for alleged bad behavior, a California couple has spent a fortune trying to get back to paling around with Mickey.

Business News

The August Jobs Report Didn't Live Up to Expectations — Here's What It Means For Interest Rates

Economists expected U.S. employers to add about 20,000 more jobs in August than reported.

Employee Experience & Recruiting

From Hire to Hero — 4 Strategies for Onboarding Senior Executives

Setting up high-level hires for success requires forethought, the right environment and a flexible runway.

Franchise

Taco Bell's New Mountain Dew Baja Blast Gelato Is Causing a Frenzy — But Fans Have One Big Complaint

The company released the dessert to mark the 20th anniversary of the iconic Mountain Dew Baja Blast, which has garnered a cult-like following since its debut in 2004.

Data & Recovery

One of the Hardest Parts of Running a Business, Solved

Take your time back with this simple gadget.