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Rare Nintendo Play Station console sells for $360,000 at auction

A prototype of the Nintendo play station fetched $ 360,000 at an auction over the weekend. Greg McLemore, founder of Pets.com and Toys.com had the winning bid.

The console is one of only 200 prototypes created from a failed 1991 partnership between Sony and Nintendo. The other 199 prototypes were destroyed when the sony/nintendo deal fell through.

A prototype of the Nintendo play station was discovered by a man named Terry Diebold in a box of stuff once owned by former Sony Computer Entertainment CEO Olaf Olaf olafsson. Diebold and Diebold had both worked at advanta corporation and when that company went bankrupt, the console was one of many items that ended up at private auction.

The collection includes more than 800 coin-operated machines. It also includes smaller games, magazines, and art. Mclemore wants to create a permanent museum.

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