PS3: Faces of Opportunism

Image redacted.

Here’s a lovely collage of the first people to try to sell a PS3 (for thousands of dollars more than it’s worth) on eBay last night. Aren’t they adorable?

PS3: the product everyone wants… to sell on eBay.—MEGHANN MARCO

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  1. PS3: the product everyone wants… to sell on eBay.-MEGHANN MARCO

    Couldn’t have put it better myself.

    May I suggest a “Hall of Suckers” for the ebay user accounts that actually pay the egregious markups for these things?

    Nothing like a little internet vigilantism to set things straight.

  2. AcilletaM says:

    I like that idea. Post ebay users and how much they paid. Maybe a picture of a big sucker ala the Bugs Bunny cartoons.

  3. Pelagius says:

    Here’s one that went for $89,000,100. That is not a typo – eighty nine million and one hundrd dollars.

  4. cindel says:

    ^ Is that real? Dang, I should have stand in line too.

  5. AcilletaM says:

    Pelagius, this might be the most important thing for these would be sellers from your link:

    It also complies with eBay’s new stronger measures for Playstation 3 pre-order sales from Safe Harbor:

    “Due to the high demand and limited supply of PlayStation 3 systems EBAY has taken strong measures to protect both buyers and sellers in the eBay community. Therefore sellers must meet the following requirements in order to pre-sell a PS3:”

    1. Sellers must have a Feedback of 50 or more.
    2. Sellers Feedback score must be 98% or above.
    3. Sellers may only list one system. Sellers may list 1 PlayStation 3 and 1 Nintendo Wii with a photo of your pre-order receipt for each system.
    4. Sellers must accept PayPal as your only payment option.
    5. Sellers must include a photo of your receipt in the listing.
    6. No Buy It Now will be allowed.
    7. No one day listings will be allowed.

    (these are rules for the seller, not the buyer).

  6. andyj76 says:

    “Here’s a lovely collage of the first people to try to sell a PS3 (for thousands of dollars more than it’s worth) on eBay last night.”

    To be fair, a product is worth what someone is willing to pay for it. These are the people who jumped through whatever hoops, or trampled whoever was in their way to get the first PS3 consoles.
    If they then choose to trade those efforts for a greatly inflated price, that’s their business.
    As for the people who buy them at the inflated price, they are trading their excess dollars for not having to trample or be trampled. They value that more than paying the standard retail.

    As for myself, I’ll wait until:
    (a) there enough consoles that I don’t have to wait weeks for my order
    (b) there is at least one game that I just can’t resist (probably a Rock Star games title or Metal Gear Solid type game)
    and possibly (c) they have released the second generation smaller version ;-)

  7. Chairman-Meow says:

    The only thing missing from these pics are profile shots and the number of the jail who is processing them.

    Anyone who buys a PS3 on ebay for more than its worse deserves to be ripped-off.

  8. J DTZR says:

    Now that you mention it, the goth chick geekette is kind of adorable. The fat nerds? Not so much.

  9. aka Cat says:

    Here’s one that went for $89,000,100.

    So, what’s the penalty on eBay for entering a bid you have no intention of honoring?

  10. Here’s one that went for $89,000,100. That is not a typo – eighty nine million and one hundred dollars.

    I have a feeling that auction was ended by another form of internet vigilantism known as the “fake bid” Looks like the last “real” bid was around $3.4k by bajan1234.

  11. William Mize says:

    Personally, I’m waiting for the P-p-p-playstation 3.

    Apologies to the P-p-p-powerbook guy.

  12. c0nsumer says:

    I’m impressed by this because it’s fair capitalism at it’s finest. People are willing to work hard either by acquiring preorders or waiting in line over night, then selling them to people who are willingly paying these prices. No one is screwing anyone over, and it’s simple supply and demand.

  13. aka Cat says:

    FYI, the $89,000,100 auction has been removed from eBay.

  14. It is simply taking advantage of market failures, a shortage in supply without a commensurate increase in price or decrese in demand. No one is being tricked. No one is having their arm twisted. Real capitalism at work: if the market will bear it, you raise the price.

  15. Trai_Dep says:

    Hey, eBay mavens:

    I understand the first several sellers’ restrictions that eBay places on the auctions. But why last four? It doesn’t seem like it’s more secure, or easily faked.

    4. Sellers must accept PayPal as your only payment option.
    5. Sellers must include a photo of your receipt in the listing.
    6. No Buy It Now will be allowed.
    7. No one day listings will be allowed.

  16. d0x says:

    True there is nothing really “wrong” with doing this BUT the reason the price is so high is because of these very people.

    A gamer who wants PS3 to play it wont sell it on Ebay but the problem is 90% of the people who bought the damn thing only did so to put it on ebay. Now all the real gamers are left out despite going through the same efforts.

    This has gotten so out of hand people have died, and if Ebay was to say “No PS3′s on our site until after Xmas” most of these problems wouldnt have happened.

    Sony created this situation by not delaying their system. There was no reason to release it now because even if they missed the Holidays it still would have sold out. They should have delayed it until they had enough to come somewhat close to a reasonable # of launch units. Say somewhere near a million.

  17. Ben says:

    bbbb-but look at that lower right hand picture:

    Bounce for $4.88? I gotta get me some of that!

  18. Pelagius says:

    Sony intentionally manipulated the “supply and demand” mechanism mentioned elsewhere. It’s interesting to see the widespread eBay vigilantism that is taking place against the opportunistic sellers.

    Regardless, a lot of people are going to feel pretty stupid in four months when anyone can waltz into any store and pick a PS3 up for a couple hundred bucks. Remember the XBOX 360 riots?

  19. LTS! says:

    Yea.. but in 4 months the losers who paid excessively for the PS3 will be better at Madden than you!

    There’s a craiglist post in Buffalo, $2500 for a PS3… that dude’s gonna get robbed by someone.

    Oh well.. all the power to them, and for those who choose to buy… well, I wonder what you’ll pay for a “A Real Life 3.0″.

  20. timmus says:

    4. Sellers must accept PayPal as your only payment option.

    I see eBay is in on the greed, too!

  21. peejaybee says:

    And then there’s this guy, who I am glad to see is not getting fucked with.

  22. adamondi says:

    ” timmus says:

    4. Sellers must accept PayPal as your only payment option.

    I see eBay is in on the greed, too!”

    Well, considering the fact that eBay OWNS PayPal, it would be pretty hard for them to NOT be in on the whole thing.

    On a separate note, I enjoyed the story of people lining up for the PS3 being shot with a pellet gun. If only the bullets had been real, a good chunk of society’s bottom feeders would have been eliminated.

  23. schvitzatura says:

    This kid, all growed up…the upper left pic young entrepreneur…thinks his Ponzi scheme is going to net him enough to buy more PS3s and more Wiis.

    Emo Girl…she’s obviously looking to trade up to a HG digital camcorder for her YouTube posts…

    Jack Black’s deformed clone? You call this one…

    Lower right? Next Columbine-in-waiting…

  24. Mr. Gunn says:

    That charity auction? It doesn’t make him any less of a opportunist. It’s a cunning bit of Machiavellian strategy, though.

  25. x23 says:

    “Well, considering the fact that eBay OWNS PayPal, it would be pretty hard for them to NOT be in on the whole thing.”

    pretty sure that was his point.

  26. The Reviewer says:

    A ps3 that is purchased by a person and that person pays 10K for it, is worth 10 thousand dollars.

    Many things purchased in the world have a inflated ownership value that is above and beyond that of the physical value. Any piece of Art is proof. Hell any first edition of certain books. I sold one of my first edition hard backs recently for 65 bucks, that I bought for 24.95. These people are providing a service to those that can afford to pay for the service. The price of the playstation might have been 600 bucks. But the price of the service is added into that. If there is a market it will be filled by someone. I say good job to the fatty’s and goth girls. Way to make a quick buck.