The outside-of-the-game market for items in MMO games has existed for a long time. As soon as people figured out that they could sell their items in game to other (stupider) users for real-world money, they started to do it. Nowadays, gold/item sales and character powerleveling starts within a month of any MMO's release (usually quicker than that).
Snail Games, a Chinese developer and creators of the upcoming MMO Age of Wulin, decided to take it to the next level. They held an online auction for in-game items and gametime for their own game - even though it hasn't been released yet. The prices of these items started rather high and the bidding pushed them even higher.
The craziest of these items? A sword that sold to one man for $16,000...
I can't believe how crazy this man is. Not only did he buy a virtual item for 16 grand, he bought it for a game that he hasn't actually played. In fact, the game hasn't even entered beta yet. Such a waste of money for something he doesn't even know was worth it yet...
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