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Man Who Paid $335,000 for Virtual Real Estate Explains Why

Illustration for article titled Man Who Paid $335,000 for Virtual Real Estate Explains Why

Just a week ago, a man sold a nightclub in online sci-fi game Entropia Universe for a mahooosive $335,000. Forbes tracked down the foolish buyer to find out what the heck he was thinking. This is his story:

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Yan Panasjuk paid $335,000 for Jon Jacobs' Club Neverdie in the sci-fi game Entropia Universe. With seven bio-domes, one stadium, a nightclub and mall, the pixels cost around the same amount you could expect to pay for a nice many-bedroomed house IRL. Speaking to Forbes, the 35 year old Boston-inhabitant explained away his purchase in the game he's been playing for a decade:

"When motion pictures were first invented there were a lot of critics saying that it is a novelty act and it would never amount to anything nor will be able to make any real money once the novelty wears off—last time i checked Avatar has grossed 2.7 billion dollars world wide. Most recent example is MTV and Internet but then you know those stories well enough. Virtual Universe is the next logical step in world entertainment and although there are a lot of critics and people shaking heads it is here to stay and take its ranks among the greats."

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Up until now, Panasjuk has been playing 10 to 20 hours of the game a week, but now he's made his large purchase he plans on decreasing the hours spent at his software-developing job, so he can spend between 40 to 60 hours a week on the game. [Forbes]

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DISCUSSION

I read this on Yahoo news a week or 2 ago, and I wanted to reply so badly, but I knew that Yahoo comments are a lost cause; oh boy, it's nothing but retards.

I wanted to explain to them that these are INVESTMENTS. He's not paying for a bunch of pixels that he can stare at and gloat over. He's investing for a bunch of pixels that the community can interact with, and he will profit off this. Probably after he adds some stuff to it.

I don't know why Yahoo! people can't understand this. I can understand why they can't appreciate it...but not understand it?! Holy hell!

Apparently it's okay to play the stock market, but God forbid this guy throw money at a game.

And people think the game may just one day be shut down...Haha, why? Obviously the people playing have money to throw their way to pay for servers and such ;)

Never played it, but I use to play Second Life, and it was one of the coolest experiences of my gaming life.

I walked into a "club" and was greeted by a "dj" that talked to me and my friend through his mic, the same time he played music. And the quality was ridiculously crystal-clear, and It's easy to be drawn in when so many people in the community take it so seriously.

I can imagine Entropia has this same sort of addictive immersion, but you know, for people with money that don't mind taking risks or mind quitting their real jobs.