Video game auctions are events where individuals can buy and sell video games, consoles, and related memorabilia. These auctions can take place online or in person, allowing collectors and gamers to bid on rare or valuable items. Popular auction platforms often feature listings for vintage games, limited editions, and collectibles from franchises like Super Mario or The Legend of Zelda. Participants in video game auctions typically place bids on items they are interested in, with the highest bidder winning the item at the end of the auction. Prices can vary significantly based on the rarity and condition of the items, making these auctions an exciting way for enthusiasts to expand their collections.