Video game collector Greg McLemore, who founded Pets.com and Toys.com during the dot-com boom, won the console, outbidding other collectors including Oculus VR founder Palmer Luckey.
"It's the single most expensive thing I've ever bought outside of a house," McLemore told CNN Business in an email. "I believe I got a great deal... To me it was worth it, especially when combined with the rest of my collection, the whole of which tells a story I want to save for society."
McLemore's collection includes coin-operated arcade games like Atari's "Pong," which is the first commercially successful video game.