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Made in 1992, the Super NES CD-ROM was modelled after the successful Super Nintendo Entertainment System (Snes) - but with a disc drive in the base.
It was rumoured to play both Snes cartridges and CD-based games, although no official games were ever released using the CD drive.
However, the console does work. The auctioneers tested it with a Snes Mortal Kombat cartridge and "played a couple of rounds". In addition, the disc drive plays audio CDs.
Most gamers had never seen the console until it was fished out of Terry Diebold's attic by his son.
He’s putting it up for auction, after he turned down an offer of $1.2 million (£1m) for it.
According to Diebold, the offer of $1.2 million came from someone in Norway, but he turned it down in favour of an auction. So clearly he’s looking for substantially more than that.
Forbes reported the buyer’s identity on Saturday. McLemore, 51, has spent 20 years assembling a collection of rare and vintage video games and arcade amusement machines. A 2015 profile in Robb Report noted that he made his first purchase shortly after selling 50 percent of Pets.com to Amazon and turning the company over to a new CEO.
McLemore, to Forbes, called the $300,000 (plus a $60,000 buyer’s premium) that he paid for the Nintendo PlayStation “inexpensive” when compared to recent auctions, like a mint-condition copy of Super Mario Bros. that sold for $100,000; McLemore said he reached out to seller Terry Diebold and made an $100,000 offer for the machine a few years ago.
McLemore told Forbes he intends to loan the Nintendo PlayStation to the University of Southern California’s Pacific Asia Museum, for an exhibit next spring and summer showcasing Asian influence on the video games industry