Too bad i didn’t pre-order a couple. Sell them off quick and buy a Custom Guru Chrono. crazyness.
Thats cheap some have been going north of $2K
.
There really are a lot of stupid people in this country.
They are going for much more than 2K. There’s a couple north of 25k, and one above 50K on eBay right now. Insanity. Who’d have thought you would really need to look at a video game console as a near term investment opportunity. Turn $600 into 50K? Sounds good to me.
I agree. On Craigslist in St Louis they are going for 3 grand. I can’t imagine how insane some people get.
I’ve been wasting as much time on eBay as on slowtwitch lately. As of 8:30 Sat. there’s been 18 of em sold for $9,999 or more. 1 for $99,999,999 and one for $110,000, but both of those buyers are no longer registered users. I’d bet a bunch of BS bidders and scam sellers. eBay has a special rule, just for these new game units, that the seller must show a picture of the actual unit, with their eBay user ID visable in the picture. Most sellers are not doing it yet.
Below is from the eBay site.
The item must be in your possession at the time of listing. The listing must include a unique photograph of the item in your possession. Your User ID must be clearly displayed within the photograph (watermarks will not be accepted). The listing must include a clear, readable copy of the sales receipt(s) or other proof of purchase. For your protection please black out any personal information. If multiple quantities are being listed, all consoles must be included in one unique photograph. The same photograph must be used in each listing.
I wonder how many of these auctions actually get legit buyers. While the profit may seem high, so too will be the fraud.
Just checked ebay, the going price seems to be around $900-$1000 now. I bet a lot of people who were expecting a windfall are getting disappointed. Classic boom-bust scenario.
Another sign the apocolypse is near.
Wolfwood,
I have a friend who has a reasonably successful side business on eBay. By “reasonably successful” I mean that he makes about $15,000 a year and spends about 15-20 hours (between him and his wife) a week at it. Normally he goes to local auctions and buys stuff for discount when they start to combine lots. His most profitable stuff is the junk that he calls “bottom of the box stuff.”
I mention this because he tried the get rich quick thing with the XBox 360 last year. He managed to get hold of 2 of them and listed them on eBay. One of his auctions got up to almost $2000 and the other got to $1500. Both ended up being fraudulant bidders. He ended up second-chancing them and eventually sold them for about $900. It was still a hefty profit, but it still ended up costing him several extra hours of work that he normally doesn’t spend on an auction. There was also the added labor of acquiring the machines in the first place.
I would be surprised if more than a handful of the PS3’s sell for that much. I’m sure some idiot will pay though.
Bernie
It doesn’t suprise me at all that the overbidded auctions have buyers that are bailing. When prices fall so much so quickly, who would actually send the money just to save their ebay rating? That’s like over $1000 just to avoid a negative mark. Few people would actually bite the bullet and pay up.