A blast from the past inside Japan's retro gaming shops

The online market remains heavily reliant on retro video games from Japan and neighbouring countries

video games
.
Bloomberg
Last Updated : Aug 17 2017 | 10:15 PM IST
Nothing sells like nostalgia.

Renewed interest in vintage Japanese video games is drawing buyers to the country’s online markets and retro gaming shops. While enthusiasts have collected old titles for years, even casual gamers are now snapping up cartridges and CDs, as well as gaming machines that they haven’t played since childhood.

Although retro gaming is considered a tiny fraction of the $109 billion global industry, it’s an attractive niche market. Last year’s re-release of Nintendo first NES/Famicom console sold out quickly, and the same is happening for this year’s follow-up, the classic version of the Super Nintendo Entertainment System. Given Nintendo’s dominance of the home video game market in the 80s, it’s no surprise then that much of the buying and selling is happening in Japan.

“Retro games take me back to my childhood,” said Davide Convertino from Italy, on his fourth trip to Japan to pick up older titles. “Retro gaming is an art. It’s simple but stimulating, you never get bored of it.”

Convertino was shopping at Super Potato, a store in Akihabara, Tokyo’s electronics district. Games and machines from decades past are packed into three floors. There are Neo Geo and Sega Genesis consoles, and multicolored GameBoys and Nintendo 64 controllers hanging neatly along racks. In one glass display case is the holy grail of Famicom titles: the Kinnikuman Muscle Tag Match gold version, estimated to be worth $18,200.

“Akihabara has always been a gaijin hotspot, but the number of tourists in the last four, five years have been especially high,” said Yuhei Kitabayashi, Super Potato’s manager. “Now, we’re making half our revenue from tourists.”

Online sales are also booming, because not everyone can make the pilgrimage to Akihabara. Drew Steimel, who runs DKOldies, a Pennsylvania-based retro game trader, says that he sold almost $3 million worth of vintage games online last year, compared with just a few hundred dollars on EBay when he first started out. “We have been selling retro games for over 13 years and have seen the market grow every year,” he said.

The online market remains heavily reliant on retro video games from Japan and neighbouring countries, with more than half of titles on EBay coming from Asia, based on a search online. Often, games sold via online marketplaces fetch higher prices: a copy of Mario Party 2 offered at 490 yen at Super Potato was listed at 3,000 to 10,000 yen on Yahoo! Auctions and EBay.

“When we first started, our biggest customer was the 30-year-old looking to buy back their past,” Steimel said. “There are now new competitors like Nintendo itself releasing the NES Classic and SNES classic systems, but this is only making the market bigger than ever. We have seen growth in all of our target groups, especially the 20-year-olds.”

Even Sega Sammy Holdings once a major rival to Nintendo before Sony and Microsoft even considered making consoles, is seeking to capitalise on the retro boom. It released this week Sonic Mania, a revival game made in collaboration with the game’s most enthusiastic fans, including artists. For some, however, nothing beats browsing the aisles of a store like Super Potato, where tourists wearing anime T-shirts make their way through the maze of shelves. 

One subscription. Two world-class reads.

Already subscribed? Log in

Subscribe to read the full story →
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

Next Story