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"This particular copy is especially extraordinary as it comes from the offices of its famous namesake," Heritage said in announcing the new record.
Madden, a legendary former NFL coach and broadcaster, died in December at the age of 85.
"Heritage will be donating the buyer's premium of the sale of the game to a charitable foundation created in Madden's honor," the auction house said.
A sealed copy of Super Mario Bros. for the Nintendo Entertainment System became the most expensive video game ever sold in August 2021 when it fetched a price of $2 million.