ebay auction of PS3 exceeds $ 4,000.00 ea

[Rob Tomlin]

Originally Posted by JTK

People have been planning for roughly a year to stock up on extra PS3's and deliberately try and take advantage of Ebay and a shortage situation whereas the 360 situation a year ago happened with a lot less deliberate planning.

As expected, the result was, ironically, an overglutted aftermarket.

These greedy people competed against themselves and down the prices are coming.

Exactly.

The free market system still works in this case, and it has been interesting watching it do so.

It is hilarious thinking back to some of the $3000.00 "buy it now" auctions that I remember seeing! And people who pictured themselves with their new PS3, thinking that they had just won the lottery!