The only conclusion I can come to is that rabid video game collectors are a special kind of stupid.
Unethical? Huh? Ethics is concerned with morality; with right and wrong. There's nothing inherently wrong about paying large sums of money for beat-up bits of electronics. It's just plain ol' stupid.
I think people who spend huge amounts on diamonds are stupid, but everyone has their reasons.
Is it not conceivable that video games might be collected in the same way in 60 or 70 years time?
Young people starting to collect now might rationalising their purchases as a bet that the value of such things will skyrocket by the end of their lifetime. I don't think that's such a crazy bet.
I'm not arguing against collecting games. I'm saying that paying (almost) six figures for a cart that historically sells for about five times less, a cart that can't even be readily identified, is dumb.
The cart can be identified by the switches on the front, also since only 90 cart were produced (and gave away, you couldn't even buy one) makes it collecting value fairly high.
One can disagree about the irrationality of a collector with money, but I wouldn't call stupid something that I don't understand, it's rude and potentially incorrect.
I'm not arguing from a position of ignorance. I've been collecting NES games for close to 20 years. I think I know what's what. But don't take my word for it; see for yourself what the NES collecting community makes of this auction:
http://nintendoage.com/forum/messageview.cfm?catid=3&threadi...
EDIT: I said track and field originally.