Saturday, November 18, 2006

PS3 resale market so far

I've been keeping tabs on the PS3 auctions on eBay for the last couple days, just out my own curiousity.

On Friday morning, the average price for a PS3 on eBay was around the $2600 mark, although up to $4000 wasn't unheard of. By 5 or 6 PM, the average price had already dropped to the $1500-$1800 mark. Waiting a mere 12 hours could have saved a lot of people well over a thousand dollars.

By this afternoon, the average price was in the $900 to $1200 range (mostly around the lower end of that scale, and with a game in many cases). Auctions with a starting price over $1400 were ending without any bids. The profit margin is shrinking fast, and I think there's going to be a lot of disappointed scalpers out there. It's hard to predict how the Wii launch tomorrow will affect the prices, but I can't imagine it's going to help.

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