PS3 prices *crashing* on eBay!

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DragonMasterAlex

2[H]4U
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Jun 24, 2005
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Just wondering if anyone else had noticed? A few days ago they'd topped out around 3 grand or so, but right now it appears that most are topping out at just over a grand, maybe $1200ish. I just watched 6 different PS3 20gb auctions end in the $865-987 range a little bit ago.

So what's the cause? Glut of consoles on ebay far outweighs the number of folks willing to pay high prices? People realizing it's a glorified Xbox 360 with a BluGay drive and no great games to speak of? What gives?
 
Agreed. The smart resellers are waiting till about a week and a half before christmas before listing them. I bet at that point prices will be back edging 2k.
 
The reason the prices are down is because too many PS3's flooded the market, causing the price to go down. Unlike the preorders were they were few and far between...the actual consoles were listed like crazy and therefore greatly expanding the bidders choices.
 
A rapid deflation in prices was inevitable, considering over 60,000 US consoles (out of an estimated 150-200k) were put on eBay yesterday. This giant supply has momentarily passified demand, but once the initial shipments are sold, prices will start going up and will continue in an upward trend all the way until Christmas.

At least, I think that's what I learned in economics...
 
I heard there is more shipments coming in before x-mas ....like every week so that might be another reason.

They have to lower the prices if they want to get rid of their systems or they might get stuck with them.
 
They won't get stuck with them because they can still return them.

Best bet is to wait til black friday atleast.
 
My poor friend (a female who has no interest in video games) waited 36 hours in line to pick up a PS3 and couldn't sell it on Ebay for more than $1100 (which she didn't want at all).
 
Aww the poor thing what ever is she gonna do since she cant triple the profit. I guess shes gonna have to stick with the free $1100 or so she can get. :(







:rolleyes:
 
Oh, I don't really feel too sorry for her. Anyone who waits in line that long...well...I kinda lose all sympathy for 'em.
 
Why is anyone surprised by this? There's only so many rich idiots to go around. Yes, before xmas will be the next price surge and if you aint got rid of it by the new year you wont be seeing any major profit.
 
Well I hope it goes right down to retail, I have four systems set up so far, and if and when I get Solaris working on the PS3, I hope to have atleast 20.
 
well im glad for the people who hired homeless people on the side of the street just to sit there and wait ...
 
DragonMasterAlex said:
Just wondering if anyone else had noticed? A few days ago they'd topped out around 3 grand or so, but right now it appears that most are topping out at just over a grand, maybe $1200ish. I just watched 6 different PS3 20gb auctions end in the $865-987 range a little bit ago.

So what's the cause? Glut of consoles on ebay far outweighs the number of folks willing to pay high prices? People realizing it's a glorified Xbox 360 with a BluGay drive and no great games to speak of? What gives?
Click to expand...


90% of the people who bought the ps3's.. did so in order to sell them...



forgetting the fact that they really aren't in all that high demand.. no decent games out IMO... i'd like the blue-ray player, but it's probably a POS anyway
 
Verge said:
90% of the people who bought the ps3's.. did so in order to sell them...
Click to expand...
It's more like 1 in 3, but the smart thing to do was get in line and sell your place.
 
I think its pretty sad to see profiteers scalping these new game systems when they could/should be in the hands of kids who really want to game. I have no sympathy for those looking to capitalize at the expense of real gamers. :(
 
Wait....only $1200 how could anyone possibly go that LOW!!!

gimme a break. IMO only a rich idiot or a parent who doesn't know how to raise a child would pay $1200+ for that system. And while I am sure there are many of these types of folks, there are only so many that want the PS3.

If you are upset for only getting $1100 instead of $3000 then you are just being greedy. Again, that is just IMO.

-Ed
 
anyone know anything about later shipments of ps3's? if/when?

 
CopyCat said:
gimme a break. IMO only a rich idiot or a parent who doesn't know how to raise a child would pay $1200+ for that system. And while I am sure there are many of these types of folks, there are only so many that want the PS3.
Click to expand...

You realize that a stand-alone blu-ray player already retails for close to that amount? It's not really that outrageous given the current state of the technology.

If you are upset for only getting $1100 instead of $3000 then you are just being greedy. Again, that is just IMO.
Click to expand...

Agreed.
 
CopyCat said:
Wait....only $1200 how could anyone possibly go that LOW!!!

gimme a break. IMO only a rich idiot or a parent who doesn't know how to raise a child would pay $1200+ for that system. And while I am sure there are many of these types of folks, there are only so many that want the PS3.

If you are upset for only getting $1100 instead of $3000 then you are just being greedy. Again, that is just IMO.

-Ed
Click to expand...

I don't begrudge those trying to resell the system at all. Let's be honest-PS3, as a gaming system, is 110% overblown hype, and it's not worth *nearly* it's pricetag when it comes to *gaming* value.

I'm sure it will surge again in the few days before Xmas, but I also tend to agree that if it's not sold by the first of the year, give or take, you aren't going to make a huge profit. Not many people are willing to pay $500, let alone $600, to say nothing of $1200 or more, for a *toy*.
 
i know guys that paid $30k+ for toys, i call them cars tho.

why not just wait and see how the PS3 does over time, before blathering away, DragonMasterAlex? calling it "blugay" over and over hardly gives you a worthy opinion.
 
PikachuMan said:
You realize that a stand-alone blu-ray player already retails for close to that amount? It's not really that outrageous given the current state of the technology.
Click to expand...

Yes, game consoles make great movies players.

Just ask the 10 million people with dead optical drives on their XBOXes and PS2s.
 
Prices for the 60GB seem to be holding steady at around $1200 for a premium. I just saw a 20GB go for $800 so those have dropped quite a bit. My auction was won by what seems to be a deadbeat buyer as he hasn't emailed me back since winning my auction yesterday, plus he hasn't bought anything on ebay in 2 years. Unfortunately I gave him 3 days to pay which in hindsight was stupid. I'm tempted just to open it up and if I don't like it I'll try and sell it used (or 'like new') around Christmas if they are still in short supply.

Sure it is an expensive toy, but for those in the market for a Bluray player it is a great deal (MSRP wise). It is comparable to the standalone players on the market and also plays games as a bonus.
 
Rocketpig said:
Yes, game consoles make great movies players.

Just ask the 10 million people with dead optical drives on their XBOXes and PS2s.
Click to expand...

the 360 is the ONLY DVD player hooked to my home theater system, soon to be replaced by the HD-DVD addon, no problems here, other than it si louder than any standalone player, but the HD-DVD drive apparently is as silent as as standalone player, so that problem is solved

ontopic:

has anyone seen or heard any sort of responses from Sony on the matter of such a large percentage of their consoles being horded by greed mongers to make a quick buck off of those that had a realistic expectation of getting one for the Sony set retail price of $500-$600?
 
nobody_here said:
the 360 is the ONLY DVD player hooked to my home theater system, soon to be replaced by the HD-DVD addon, no problems here, other than it si louder than any standalone player, but the HD-DVD drive apparently is as silent as as standalone player, so that problem is solved
Click to expand...

The 360 also uses an umpteenth generation DVD drive. The bugs are worked out of it now.

I used my original XBOX as a DVD player and it died in a year and a half. I know several others with PS2s who had the same happen to them.

I'll never buy a game console with the idea of using it as a movie player again, but the HD-DVD add-on might work well. I'd rather have a stand-alone unit though.
 
in my opinion i think that everyone on here should realize that the PS3 will have problems right out of the box just like the Xbox 360 had. so why would anyone by a system for $600 or even $3000, that you were promised to be able to play your old PS2 and PS games on only to find out that it will freeze or crash or just wont work at all. im just ganna sit back and watch everyone wine and scream when there system screws up because they didnt wait for it to be fixed in the later releases of the console. and ive read something about sony saying that if they would have waited till thanksgiving they would have all there stuff togeather right and they wouldnt have had these problems.
im just going to sit back and wait for everything to smooth out (glitches, crashing, burning up, compatability, ect.) with all the system and to see who has the best games. the battle is still not over.
 
They'll just hold out until closer to Christmas, no doubt...which is all well and good, as long as they just shut up about it.
 
Rocketpig said:
The 360 also uses an umpteenth generation DVD drive. The bugs are worked out of it now.

I used my original XBOX as a DVD player and it died in a year and a half. I know several others with PS2s who had the same happen to them.

I'll never buy a game console with the idea of using it as a movie player again, but the HD-DVD add-on might work well. I'd rather have a stand-alone unit though.
Click to expand...

i had a standalone player, a good one, a Toshiba Upconverting model with HDMI and it already died on me, which is why i use the 360 now, it does just as good a job and is one less component to hook up

and the $200 HD-DVD addon for the 360 performs the same as a standalone HD-DVD player that costs $500 thanks, not to mention it can be hooked to any HTPC for HD-DVD capability instead of buying a $500 standalone player that is as big as a first gen VHS player, the 360 is not required to use it

i understand what you are saying, but using a console as a player is pretty common these days, my best friend still uses his PS2 as a DVD player as well with no probs

so yeah, i see no reason to
 
Scotch77 said:
maybe thats because the ps3 pretty much sucks.
Click to expand...


I would not say it sux, but its not all that....at least not yet. Just got back from best buy and I saw Motorstorm.....it looks nice, but it was not running all that smooth. So I picked up a couple X360 games.

I always get the new systems @ launch....no matter what since I have pretty good hook ups, but I decided to skip the PS3 for now. I wasnt even looking forward to it since GTHD was not a launch title.
I think the Wii rox though... ;)
 
CopyCat said:
gimme a break. IMO only a rich idiot or a parent who doesn't know how to raise a child would pay $1200+ for that system. And while I am sure there are many of these types of folks, there are only so many that want the PS3.
Click to expand...
http://forums.extremeoverclocking.com/showpost.php?p=2522709&postcount=174

You are just being human if you have regret about listing late. :rolleyes: $1100 is a tidy profit, but $3000 is much tidier. :) Average price seemed to be about $2500 if you sold it day of.

nobody_here said:
has anyone seen or heard any sort of responses from Sony on the matter of such a large percentage of their consoles being horded by greed mongers to make a quick buck off of those that had a realistic expectation of getting one for the Sony set retail price of $500-$600?
Click to expand...
If Sony was smart, they would have set the price higher to capitalize on the low supply. The only thing that changed is instead of the money going to Sony, it was shared with some guys who wasted their time in line and some was lost to those who planned on keeping it. That's capitalism. If you live in the USA - love it.
 
I got $2000 for the first one, and $1050 for the second.

So 2000+1050 = 3050
- $1270(2 systems) - $64 (one game) - $14 (2 hdmi cables from monoprice) - $200 roughly in ebay fees and shipping.

Grand Total Profit: $1502

I'm not complaining. I have another coming from Walmart in the next 3 weeks. I think itll be a decent hit right before Christmas, pulling in up to 2k. Anything over retail is fine, honestly, I'm not THAT greedy ;)
 
sleepeeg3 said:
If Sony was smart, they would have set the price higher to capitalize on the low supply. The only thing that changed is instead of the money going to Sony, it was shared with some guys who wasted their time in line and some was lost to those who planned on keeping it. That's capitalism. If you live in the USA - love it.
Click to expand...

of course, if the vast majority of the public would have accepted a pricetag of $1500 they would have, but for obvious reasons, like customer retaliation they wanted to stay as low as possible, that and at least perceive to be doing the right thing, doing the right thing is selling a $800 console for $600 when you could have sold it for $1500

doing the right thing is not selling a $600 console for $1500 "because you can", obviously, if capitalism was working as well as you like to think it does, Sony would have been selling these for at least $800 if not more, "because they can", but they chose not to, so here we have a situation where the people bitching about Sony ripping people off in the past are doing the ripping off to their own people, while Sony does the right thing



personally i think Sony should have priced them at $2000, then when all of the idiots were done paying through the nose for them, drop the price to $1500, then after that wave drop to $1000....etc....etc......until it hit the $600 mark

this would have put more money in their pockets to help absorb the impact of R&D to make the PS3, would give them more money to put into things like their online system, better games development, and a more capable future console, instead of the extra money getting blown on trivial things by nobody's which is probably where most of that money went, other than the few that put it towards houses or cars
 
Tutelary said:
I got $2000 for the first one, and $1050 for the second.

So 2000+1050 = 3050
- $1270(2 systems) - $64 (one game) - $14 (2 hdmi cables from monoprice) - $200 roughly in ebay fees and shipping.

Grand Total Profit: $1502

I'm not complaining. I have another coming from Walmart in the next 3 weeks. I think itll be a decent hit right before Christmas, pulling in up to 2k. Anything over retail is fine, honestly, I'm not THAT greedy ;)
Click to expand...
See, I don't hate people like you. I'm jealous of people like you. :D ;)
 
sleepeeg3 said:
http://forums.extremeoverclocking.com/showpost.php?p=2522709&postcount=174If Sony was smart, they would have set the price higher to capitalize on the low supply. The only thing that changed is instead of the money going to Sony, it was shared with some guys who wasted their time in line and some was lost to those who planned on keeping it. That's capitalism. If you live in the USA - love it.
Click to expand...
ya that makes a lot of sense. Everyone hated Sony for charging $600 dollars so they should have sold it for $1500? Turns out Sony is losing quite A LOT of money selling their system for $600 and all the people who bitched about it are screwing over other people who probably didn't bitch about it.

Turns out its the people who are money hungry....pretty ironic.
 
CopyCat said:
ya that makes a lot of sense. Everyone hated Sony for charging $600 dollars so they should have sold it for $1500? Turns out Sony is losing quite A LOT of money selling their system for $600 and all the people who bitched about it are screwing over other people who probably didn't bitch about it.

Turns out its the people who are money hungry....pretty ironic.
Click to expand...


yep, more or less what i said two posts above......before launch all we saw here was posts about how a $600 price was rediculous, now all we can find is people saying, WOW, only $1000 !!! what a great deal !!! ROFL
 
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