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Forums - Nintendo - Wii U Price Gouging at a High

runqvist said:

Excuse me?

A "scalper" offers a service to customers, who are more than willing to spend money to use that service. Last time I offered this service, I actually got a postcard after christmas. It was a picture of a very happy kid playing with his Wii and my valued customer expressed his sincere gratitude for my service. I guess he had that "real value" from my service.

Heck, I was so flattered of that card that I sent the kid one of my extra copies of Wii Play in return for free.


No, scalpers create or worsen a shortage to artificially inflate prices for personal profit. There is no product or service provided, there is only creation and exploitation of a problem. Without scalpers individuals and manufacturers would still be able to buy/sell products, while the same can not be (generally) said about retailers. Regardless of whether you scalped the Wii or not, someone (possibly the family you sold it to) would have bought the Wii and would have enjoyed it over the holiday season; you provided no additional benefit to the economy or society in general, you just took people's money.

All versions of scalpers are a form of economic parasite draining the host for no good. Next time you fill up your gas tank and see the prices increase think about those Wall Street speculators who are driving up the price of gas, skimming off the top while offering no value, and realize that you're doing the exact same thing.



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lilbroex said:
superchunk said:


You are wrong.

Topic:

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.

You said "It didn't work for the PS3" which is referring to Francis' comment on selling new consoles well over retail price at launch.

Yet it did.

From the PS3s launch on November 11th until just after Christmas 2006 the PS3's price on Ebay was anywere from $800 to $1200 regularly. However, unlike the Wii, it dropped back to normal very quickly as stock become normalized in January. Wii on the other hand kept very high prices on Ebay for nearly two years due to limited to no stock; especially during 2006 and 2007 holiday seasons.

I live on Ebay. I know for a fact PS3s were at leat $800 and right after black friday up to $1200 for a short time. (i.e. people paid 2x the price for one) I was kicking myself for not doing that for Wii (2006 and 2007) and ps3 (2006).

EDIT: http://money.cnn.com/2006/11/22/commentary/column_gaming/index.htm

That article confirms exactly what I said.

How are you going to tell me what I was relating it too? I just told you what it was a response to. There is no opinion or variability on that matter.

The latter half of your post reconfirms exactly what I stated earlier. People "thought" it was going to work with the PS3 ,but it fell. I've no doubt that there were some individuals who were "trying" to charge 1200 and even  $10,000 for a new PS3 but the "average price" of those that were gouging on Ebay was no more than $800 and it didn't go through. Most made no sale.

I just stated I saw sales with bids and completing from $800 to $1200 myself. That article says the exact same thing for the $800 range. It happenend. PS3 made resellers money from launch through Christmas of 2006 in the same fashion as EVERY new console that launches near the holidays.



superchunk said:
lilbroex said:
superchunk said:


You are wrong.

Topic:

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.

You said "It didn't work for the PS3" which is referring to Francis' comment on selling new consoles well over retail price at launch.

Yet it did.

From the PS3s launch on November 11th until just after Christmas 2006 the PS3's price on Ebay was anywere from $800 to $1200 regularly. However, unlike the Wii, it dropped back to normal very quickly as stock become normalized in January. Wii on the other hand kept very high prices on Ebay for nearly two years due to limited to no stock; especially during 2006 and 2007 holiday seasons.

I live on Ebay. I know for a fact PS3s were at leat $800 and right after black friday up to $1200 for a short time. (i.e. people paid 2x the price for one) I was kicking myself for not doing that for Wii (2006 and 2007) and ps3 (2006).

EDIT: http://money.cnn.com/2006/11/22/commentary/column_gaming/index.htm

That article confirms exactly what I said.

How are you going to tell me what I was relating it too? I just told you what it was a response to. There is no opinion or variability on that matter.

The latter half of your post reconfirms exactly what I stated earlier. People "thought" it was going to work with the PS3 ,but it fell. I've no doubt that there were some individuals who were "trying" to charge 1200 and even  $10,000 for a new PS3 but the "average price" of those that were gouging on Ebay was no more than $800 and it didn't go through. Most made no sale.

I just stated I saw sales with bids and completing from $800 to $1200 myself. That article says the exact same thing for the $800 range. It happenend. PS3 made resellers money from launch through Christmas of 2006 in the same fashion as EVERY new console that launches near the holidays.

Well if you unnaturaly limit the variables "specifically" to only when the PS3 was showing some sucess and only the few areas that it did in that time frame then yes...but I'm not limiting the variables.

When I said "like" the others consoles I specifally pointed out that wasn't true "because" the PS3 only displayed high prices up to christmas. The other consoles kept it up for months and the Wii for years. That is the point I was making from the very beginning.



How about a brand new fat airbrushed With mgs4 and sign by the makers that sold for 21000. Yes ps3 have sold at a higher value than any of the other consoles.



lilbroex said:

Well if you unnaturaly limit the variables "specifically" to only when the PS3 was showing some sucess and only the few areas that it did in that time frame then yes...but I'm not limiting the variables.

When I said "like" the others consoles I specifally pointed out that wasn't true "because" the PS3 only displayed high prices up to christmas. The other consoles kept it up for months and the Wii for years. That is the point I was making from the very beginning.

I don't know what you're talking about. I'm not unnaturally limiting anything. PS3 was within the norm of any other console except Wii.

Wii was the only console to have high Ebay prices after their first Christmas shopping season. That's kind of why Wii was so extraordinary in its first few years as its stock situation was 'sold out' (at least in NA) for over two years. Thus creating two full holiday seasons of crazy Ebay selling and one more of slightly above retail. No other console has been sold out past its first holiday season like that.

Francis said this works with every new console in a thread about WiiU that is sold out at launch. Every console that sells out at launch has profit to be made on Ebay. PS3 was no exception. You said PS3 didn't do it and it did. The CNN article says it did. My personal experience says it did. Others in this same thread says it did.



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superchunk said:
lilbroex said:

Well if you unnaturaly limit the variables "specifically" to only when the PS3 was showing some sucess and only the few areas that it did in that time frame then yes...but I'm not limiting the variables.

When I said "like" the others consoles I specifally pointed out that wasn't true "because" the PS3 only displayed high prices up to christmas. The other consoles kept it up for months and the Wii for years. That is the point I was making from the very beginning.

I don't know what you're talking about. I'm not unnaturally limiting anything. PS3 was within the norm of any other console except Wii.

Wii was the only console to have high Ebay prices after their first Christmas shopping season. That's kind of why Wii was so extraordinary in its first few years as its stock situation was 'sold out' (at least in NA) for over two years. Thus creating two full holiday seasons of crazy Ebay selling and one more of slightly above retail. No other console has been sold out past its first holiday season like that.

Francis said this works with every new console in a thread about WiiU that is sold out at launch. Every console that sells out at launch has profit to be made on Ebay. PS3 was no exception. You said PS3 didn't do it and it did. The CNN article says it did. My personal experience says it did. Others in this same thread says it did.


No it did not. You just verified it yourself while righting off your own statement. The Wii U's situation is likely to be similar to the Wii's. I don't see it going to years straigh but its going to go through the holiday season.



lilbroex said:


No it did not. You just verified it yourself while righting off your own statement. The Wii U's situation is likely to be similar to the Wii's. I don't see it going to years straigh but its going to go through the holiday season.


DUDE! :/

Every console that sells out at launch can be sold on Ebay for $$$$$ above retail.

That is exactly what this thread is about in reference to Wii U.

That is exactly what Francis was referring to when he said "This works every gen with every console, yet I keep skipping this goldmine...".

Then you said PS3 didn't.

Then I said it did, provided my personal experience to show it did, provided an CNN news article from November 22, 2006 that said it was/did, and others in this thread have said it did. Sure the $10k article is crazy, but that was a charity event and there was even atleast one for Wii that I remember as well that sold for thousands.

PS3 was launched on Nov 11 2006. It was sold out immediately through the very beginning of January like every other console that launches in the holidays or close to holidays sells out during Nov/Dec. (well obviously not PSPGo/Vita and others that are simply unpopular consoles)

During those launch months it was selling on Ebay from $800 to $1200 easily. I know people who did it. I was pissed I didn't do it myself (as well with Wii and DSi).

Wii U is now sold out and expected to remain that way, at least in NA, through Christmas. Like the PS3 before it, people will likely make up to 2x the retail price via Ebay. Once its stock normalizes come January like all consoles except Wii did, its Ebay price will normalize as well.



superchunk said:
lilbroex said:


No it did not. You just verified it yourself while righting off your own statement. The Wii U's situation is likely to be similar to the Wii's. I don't see it going to years straigh but its going to go through the holiday season.


DUDE! :/

Every console that sells out at launch can be sold on Ebay for $$$$$ above retail.

That is exactly what this thread is about in reference to Wii U.

That is exactly what Francis was referring to when he said "This works every gen with every console, yet I keep skipping this goldmine...".

Then you said PS3 didn't.

Then I said it did, provided my personal experience to show it did, provided an CNN news article from November 22, 2006 that said it was/did, and others in this thread have said it did. Sure the $10k article is crazy, but that was a charity event and there was even atleast one for Wii that I remember as well that sold for thousands.

PS3 was launched on Nov 11 2006. It was sold out immediately through the very beginning of January like every other console that launches in the holidays or close to holidays sells out during Nov/Dec. (well obviously not PSPGo/Vita and others that are simply unpopular consoles)

During those launch months it was selling on Ebay from $800 to $1200 easily. I know people who did it. I was pissed I didn't do it myself (as well with Wii and DSi).

Wii U is now sold out and expected to remain that way, at least in NA, through Christmas. Like the PS3 before it, people will likely make up to 2x the retail price via Ebay. Once its stock normalizes come January like all consoles except Wii did, its Ebay price will normalize as well.


I already know that, but I was not talking about the thread. I was talkin gabout the comment I made the reply to. The comment that it is the "the same" as the PS3 is false. It will sell at a high price on ebay for much longer than the PS3.



lilbroex said:
oniyide said:
one would think lilbroex would be tired of being wrong, guess not. OT, Chandler already hit the nail on the head.

Awe, passive agression. How cute. I would have to be wrong first to be tired, and history says that I'm not in this case.

The PS3 price gouging lasted only for a moment and at its highest point, it wasn't that high.

Note that I'm talking about the actual "real event results" not what people theorized would happen(like the the article the dude posted).


People certainly "attempted" to gouge with the PS3 but it was unrealistic and they got little to no sells in the short time frame that it was viable. In case you forgot the original statement was that "it works everytime". They tried with the PS3, but ,like I siaid, it didn't work. So, sorry to burst your bubble.

 

I would like to see someone who actually spent $10,000 for a PS3, though.


pretty sure someone bought PS3 at scalper prices, I know cause someone i know did just that. So you are wrong and it did work, just because it wasnt at the level of Wii, doesnt mean it didnt happen.



oniyide said:
lilbroex said:
oniyide said:
one would think lilbroex would be tired of being wrong, guess not. OT, Chandler already hit the nail on the head.

Awe, passive agression. How cute. I would have to be wrong first to be tired, and history says that I'm not in this case.

The PS3 price gouging lasted only for a moment and at its highest point, it wasn't that high.

Note that I'm talking about the actual "real event results" not what people theorized would happen(like the the article the dude posted).


People certainly "attempted" to gouge with the PS3 but it was unrealistic and they got little to no sells in the short time frame that it was viable. In case you forgot the original statement was that "it works everytime". They tried with the PS3, but ,like I siaid, it didn't work. So, sorry to burst your bubble.

 

I would like to see someone who actually spent $10,000 for a PS3, though.


pretty sure someone bought PS3 at scalper prices, I know cause someone i know did just that. So you are wrong and it did work, just because it wasnt at the level of Wii, doesnt mean it didnt happen.

It being at the level of the other consoles what the entire argument...