One of the rarest pieces of gaming history, the Nintendo PlayStation, is currently up for auction and has become the most expensive item in gaming history.

As the auction continues, bids for the Nintendo PlayStation exceeded $105,000 earlier today, officially making it the most expensive gaming item to date, according to Video Game History Foundation’s Kelsey Lewin.

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At the time of writing, bids for the Nintendo PlayStation have reached $310,000 with a few weeks left in the auction.

The prototype was designed to play NES cartridges and CD games but never came to fruition after Nintendo publicly walked away from its ‘unofficially official’ deal with Sony at the 1991 Consumer Electronics Show.

Owner Terry Diebold announced last year that he would auction off the prototype this February, sharing that he has turned down million-dollar offers for the system over the years.

Diebold told Kotaku that he has decided to part with one of gaming’s rarest treasures because it has become quite expensive to continually showcase the Nintendo PlayStation over the years.

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“I can’t keep losing money. I’ve put a lot of work into this by traveling with it and we have made nothing on it,” Diebold told Kotaku via email. “Every trip that we… have taken with it has cost us money out of pocket.”

With three weeks left in the auction, the prototype will likely only continue to increase in value — the only question is, how much?

What would you be willing to pay for the Nintendo PlayStation? Let us know in the comments below.

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Andrew Smith is a freelance contributor with IGN. Follow him on Twitter @_andrewtsmith

Source: IGN.com Auctioned Nintendo PlayStation Will Be the Most Expensive Video Game Item