Nintendo World Championships

Welcome to the latest issue of Video Games Insider – FREE VERSION

Today I’m going to look into a copy of the Nintendo World Championships that is IPOing at Otis on Tuesday, July 13th, 2021 at 12 PM EST. It is currently available to VIP members with a 100 share ($1000 minimum).

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Nintendo World Championship NES WATA

About the Asset

This is a copy of the 1990 Nintendo World Championships cartridge for the NES that was originally produced for a nationwide video game competition. It was never released to the public and was only meant to be used in competition — it is estimated that there were 350-400 copies produced but the number of copies known to still exist is unknown. There are also even rarer gold variants, of which only 26 were produced with the number to still exist also unknown. (Though one has been listed on Ebay for $1 million for quite awhile.)

It is graded 8.5 by WATA – though it is not a sealed copy, just a loose cartridge so there is no secondary seal grade. There are two 9.0s currently known to exist, making this the 3rd highest graded copy of the game. Otis paid $200,750 for this copy.

About the Drop

This asset will drop on Otis at 12 PM EST on July 13th for $211,300. There is no retained equity. It is currently available to VIP members with a 100 share ($1000 minimum). Otis has been scheduling their assets for trading around 30-60 days after the IPO funds and from that point it trades every day with a clearing time of 2 PM EST – though they are introducing live trading so that might change by the time this asset opens for trading.

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Recent Sales and Current Valuation

[Detailed Valuation available to Insiders Only]

Category Strength

The Video Game Cartridges category posted a 12% ROI in Q2 2021.

Subcategory Strength

[Insiders Only]

Subcategory Risk

[Insiders Only]

Past Asset Growth

[Insiders Only]

Growth Outlook and Future Catalysts

The video game market is booming — two all-time records were smashed in the same Heritage auction, first by a copy of the Legend of Zelda (that went for $870,000) and then by a copy of Super Mario World 64 (that went for a staggering $1.56MM). The caveat there is that the most recent sale of this asset is from that very auction so that growth is baked in.

Because this is an obscure title known only to die-hards and collectors, I don’t think it will see the same kind of growth as a Mario or Zelda title, particularly because there is the rarer gold variant. The fact that this is a loose game also changes the dynamic — despite its rarity it may not retain the same cachet as a rare sealed game.

Verdict

[Full Evaluation for Insiders Only]

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Author

Adam Katz

Adam Katz

Adam is a lawyer and real estate investor with a finance background. His diverse job experience includes stints in a MLB front office, a major global law firm and the real estate investment fund he co-founded. He is bringing his well-honed research and valuation skills to the world of fractional investing. Born and raised in San Francisco, he currently lives in Brooklyn with his dog, a pit bull mix named Beaux.

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