It would cost a new Overwatch 2 account in the region of $12,000+ to unlock all Overwatch 1 skins, items and cosmetics for all heroes. While it's a given most new accounts won't do this, it's worth discussing the potential impact this might have on the game a few years down the line, especially in regards to balance and meta concerns.
Source
I did the math... all OW1 cosmetics would cost new players ~$12,000 USD to purchase from Overwatch
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