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PS3 Prices Slump
On Monday, PlayStation 3 consoles in their last five minutes of auction were listed on Ebay at prices between $650 and $910. Some ambitious sellers had listed consoles at prices around $1500 but they had fetched no bids. Prices of Wiis in the last five minutes of their auction period varied between $320 and $510.
On Japan's Yahoo ( Read more... )
Not knowing this, many people assume that these will be the only ones available until christmas. The people who ran out and stood in line to buy them were not the people who desperately want them. They were the people who desperately wanted to get rich quick off of them, thinking that if they had the only ones, with no more available for christmas, they could force people looking for the perfect gift to pay thier outrageouse prices.
however that plan mega backfired on most people since three things happened.
The first is the retailers with holding stock till after the craze, the second is no one can afford the jacked up prices this year, and lastly those who really want them are willing to wait until they come out a bit cheaper.
In stores these go for either 400 or 600 depending on the model you get. On ebay people have been selling them for about 6-8 hundred, as the article states. Most people selling them on ebay expected to get at least twice thier money.
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Having said that, rest assured that these "greedy" people as you put it never make out anyway. They may score a "hit" here and there and make a few hundred or even a thousand or 2, but these are basically bottom dwellers on the "greed" ladder. If they put the time and effort they put into this sort of small potatoes operation into something more long term in life, they probably would get somewhere.
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