Video game collectibles begin smashing auction records

The superior user engagement of the video game industry saw it surpass the global revenues of the music industry and the movie industry more than a decade ago, and it is forecast to grow for the next five years at a compound annual growth rate (CAGR) of nearly 13 percent. In 2020, video game revenues totaled US$159 billion, compared to $43 billion in 2019 for the world movie box office (which retracted in size in 2020) and $57 billion for the music industry. Now there is a growing indication that video game memorabilia values will reflect the size and importance of the current games market, and perhaps even exceed the values of movie and music memorabilia.

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Category: Collectibles, Lifestyle

Tags: Game, Video Games, Auction