The Legend of Zelda Wind Waker Scroll is an official promotional item made by Nintendo. I’ve seen this only twice on eBay, and this comes after finding out about the existence of the scroll so I am not sure how many times it appeared on auction in the past, but I heard a few have passed.
I never knew about this item until I became a regular member over at Video Game Memorabilia Museum where one of the moderators actually own a scroll. You can see his Wind Waker Scroll here. However, his is mint and signed by Shigeru Miyamoto & Eiji Aonuma which makes it ridiculously rare. It’s really one of the nicest Zelda Collectibles out there, and although I might have seen most of the rare ones, this one is definitely at the top. But is it “the” rarest? I’ve seen the official Ocarina flute on eBay before, I’ve also seen an Ocarina watch limited to 150 in Japan, and recently someone has shown a couple of rare gems that I don’t believe anyone has ever seen before over at vgmm, but my lips are sealed :).
Anyhow, there’s not too much information about the Wind Waker Scroll except for the fact that it was definitely a promotional item. Where was it given out & how many exist? No one knows. The seller of the current scroll says that it was given out only to the press which would make a little more sense in terms of it’s scarcity.
The one on auction has a buy-it-now price of $1,600 US with no best-offer. Some people might argue that it’s quite expensive. Is spending that much for one of the rarest Zelda Collectibles justifiable? I guess only the person who buys it can say. The only flaw with the scroll is it has a crease near the middle of the scroll which might throw some collectors off, however, the same scroll that appeared on auction last year had a 3-4 inch tear on the side and someone till bought it. I don’t remember the price, but it was somewhere around $800-$1000.
The Wind Waker Scroll is really a beautiful item, and you can appreciate the art behind it.