Last week, Nintendo announced that it was discontinuing the much-loved NES Classic Edition in North America. This news drove fans to try snag up any second-hand console they could find. According to eBay, on the day the announcement was made, an NES Classic Edition was sold on the auction site every two minutes.

But it didn't stop there. With supply of consoles now officially ended, and seemingly increasing demand, prices have been skyrocketing. People are listing consoles for as much as $25,000, but we've seen no sign of them actually selling for that price. They are selling for around $400 dollars though — which is still more than six times the $60 retail price.

Whether this is one-time panic and prices will actually go down — or whether the demand will just keep increasing, is yet to be seen. Either way, if you have an old NES sitting in your wardrobe, it could be wise to keep an eye on things.

Now, watch how racing video games have evolved over time.