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Contra
Wata 9.2, A+ Sealed, NES Konami
$
10
.00
IPO SHARE PRICE
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Contra was released on NES in February 1988. The game features two commandos, Bill Rizer and Lance Bean (the game’s players), who are set to destroy the evil Red Falcon Organization after they set up base on the fictional Galuga Archipelago with the intention to wipe out humanity. Given the fact that this iconic game is more than 30 years old, acquiring a high grade sealed version is incredibly rare.

Thesis
Contra stands out among other NES games because it is incredibly difficult to finish and it includes simultaneous co-op gameplay. For these reasons, Contra has become a timeless classic-- it was initially released more than 30 years ago and continues to sell in the latest video game formats, such as the Nintendo Switch thereby cementing its cultural relevance.
The Game
This game is a high-grade copy at a Wata 9.2 A+ seal in a “Round SOQ” (Round Seal of Quality) variation, which is an early print of the game. This high grade game in a sealed box is all the more rare given that the game was released more than 30 years ago.
Recent Sales
There are no direct comparable sales for this game but there is one recent, similar sale that highlights the potential value of this game: Contra 9.4 A Seal sold in July 2020 for $21,600. Note that this game is a higher grade, but a lower seal rating and the video game market has changed substantially since this sale.
Macro Trends
The collectible video game market gained traction in 2020, breaking a record high public sale in November 2020 of $156,000 for Super Mario Bros. Given the scarcity of high quality vintage games and the amount of people engaged with the category, we are excited about the market's future potential.
Risk
This category has grown significantly this past year, and there is a possibility that such growth isn’t replicable going forward. Further, if more high quality versions of this game hit the market scarcity and value could decrease.
Game Type
Nintendo NES Konami
Wata Grade
9.2
Seal Grade
A+
Release Year
1988
Seal of Quality (SOQ)
Round
IPO Share Price
$10.00
Market Cap
$32,800
Drop Market Report
Our team prepares extensive research and financial analysis for each drop on Otis.
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