Millionaire bids $360,000 on rare Nintendo PlayStation prototype - Business Insider

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A millionaire who got rich selling his company to Facebook is bidding hundreds of thousands of dollars on an incredibly rare Nintendo prototype game console

Over 20 years ago, Nintendo and Sony weren't rivals in the video game console business – they were partners.

At the time – the late 1980s and early 1990s – Nintendo was facing increasingly serious competition from the likes of Sega and its "Genesis" console. Worse: it was rumored that Sega had a CD-ROM add-on planned for the Genesis. Sony, meanwhile, was looking to get more serious about the video game business, having developed a piece of the Super Nintendo's internals and seen a strong return on investment.

Olafsson is exactly the kind of guy who might have an extra prototype of the "Nintendo PlayStation" hybrid console. As of Friday morning, the highest bid stands at $360,000 — and the auction continues for another 21 days. But who in the world has just shy of half a million dollars to spend on a video game console prototype?

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