PS3/Wii auction prices plummet: is the rush over?

Posted Nov 27, 2006 at 11:43PM by QJ Staff Listed in: Wii, PS3 Tags: eBay, Sony
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It's not gonna work - you ain't fleecing us for a PS3 anymore.Half the room's saying "hopefully it is (the scalping b...)". ITworld reports that as the launch hype fades into history, so do the auction profit margins for eBay PS3 and Wii resales. Of course we've been observing this trend over the past week - and this doesn't include the ten dollar eBay PS3 (is that a fish I smell?) - but here are the latest final sale prices ITworld has on eBay Wiis and PS3s:
  • PS3: US$ 650 and US$ 910 (ave. retail price for PS3 on eBay: US$ 1,370)
    • MSRP: $599 for the 60GB, $499 for 20GB
  • Wii: US$ 413 postlaunch, as opposed to US$ 428 total average eBay final auction price since Launch
    • MSRP: US$ 250
Okay, it might seem that, at first look, Wii eBay prices might still be standing strong, whereas the rush is indeed over for the PS3 (even considering the MSRP of the 20GB). But looking at the dates of the Wii auctions, as ITworld did, and you'll see that a staggering landslide majority of Wii eBay auctions happened after the launch hype, reflective of the greater number of units Nintendo supplied to stores to meet demand (and dampen the same demand for eBay resales).

Perhaps the most gratifying part of ITworld's report was this line: "Some ambitious sellers had listed (PS3) consoles at prices around $ 1,500 but they had fetched no bids."

Does this mean the hype is over? We suggested this back in the 20th, but in the comments there Kaden and Brian both speculated - with good reason - that those auction prices will go back up when Santa Claus comes to town in a few weeks. True enough. Let's hope that Sony and Nintendo keeps punching those newly-minted consoles out of the plant and sends them into stores at a fair clip then. That should keep those eBay prices down.

 
 
 

Comments [refresh]

by Dj Natas - 2006-11-27 18:30
» After last years hype on the 360

most people are just willing to wait, 1500 bucks is a ton of cash!

by Mercenary - 2006-11-27 20:16
» ebay PS3

ebay PS3's here in the uk are going for around $1200 which is only $600



While that maybe a lot to you yanks to us its only £200 more than retail price.



Also those starting at $1500 do indeed get no bids. There not making as much as you scalpers think they should ;)

by .. - 2006-11-27 20:24
» ..

Maybe because the..





PS3 SUCKS

by nomi - 2006-11-27 23:58
» they will buy

plz.. as soon as christmas buyers get out there people paying 1500$ will come out of the wood works to get the machine.. i meen come on it does so much. all im saying is that theres always desperite people who pay high

by Mr. Common Sense - 2006-11-28 00:50
» I would never buy a PS3

I sold a Japanese 60GB PS3 on ebay on the 17th and got $1825 for it. Now due to a shipping error where it was a week late, the guy wants a refund. I really wanted to tell him f*ck off but I offered $120 back and he still won't take it. Then he makes up BS like he's moving to mexico for the holidays and can't receive it. Guess what I'm keeping it until you tell me how to ship it to you. As*hole. You can never believe this crap from people on ebay and he expects me to take an $800 loss for something not my fault.

by notguiltystyle - 2006-11-28 00:51
» mmmm

People are realizing that its not worth all the hype! Lets face it at this point, (excluding blue-ray) its not really better than an Xbox 360!

by misterspo - 2006-11-28 01:06
» scalpers not all so bad

I live in a small town where we get like..18 of the damn things per shipment. I bought one off a scalper with a game and extra controllers for $50 over retail. not bad..and better than camping out every weekend for a month.

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