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Train wreck said:
lilbroex said:
FrancisNobleman said:
This works every gen with every console, yet I keep skipping this goldmine...

I gotta learn how to succeed at life.


It didn't work with the PS3.

http://news.cnet.com/8301-17938_105-9663795-1.html

 

PS3 crosses $10,000 barrier on eBay

Bids for the coveted PlayStation 3 consoles have skyrocketed to three and four times their purchase prices.

 November 17, 2006 3:25 PM PST

Whatever you want to call them (opportunists, price gougers, geniuses), the slew of sellers auctioning those PS3 consoles they waited in line for could soon be laughing maniacally all the way to the bank.

(Credit: discounts-from-philly )

We reported earlier that bids for Sony PS3s hadreached $9,000 this morning. By Friday afternoon bidding on eBay had jumped over $10,000 for a new, unopened 60GB unit. (Thanks to Evan J. for the tip.)

One entrepreneurial young man, asking $16,000, pleads on his seller's page, "FREE OVERNIGHT!!!! Help fund my college education!" The accompanying grainy photo of him holding his receipt and PS3 is slightly reminiscent of those ransom videos where a kidnap victim is forced to hold that day's newspaper to prove he or she is still alive. But despite the creepiness factor, we can't fault "discounts-from-philly"'s desperation for higher education. But we can if he just uses the money to get bigger tires and a paint job for his truck.

 

Who are you trying to fool with that? I remember the reports of how everyone thought it was going to be a repeat of the PS2 myself, but it wasn't.

There was this one dude that they interviewed who had bought up a bunch of PS3's at launch. He said there was a "small" moment during the end of December where the ebay prices hit around $100-$150 more than shelf price. He held off on selling for another week to see if it would go higher, but they immediately plummeted. He ended up selling them a a loss to get them off his hands.

Reality didn't play out like the assumptions at all. The Wii, on the other hand, stayed hard to get for 2 years. I remember the havok that caused.

This is looking to be worse.