I watched eBay last week trying to decide if to sell my PS5. I don’t want to dream of becoming a scalper, but it’s hard to ignore how much it costs. My daughter and I were beaten Astro Bot and Miles Morales, so I thought I’d peek into the resale market. Wow, it’s worth a lot!
And it’s not just the PlayStation 5 – I’ve found that the Xbox Series X and S, the Nvidia RTX 3090, 3080, 3070 and 3060 Ti graphics cards and the competing AMD RX 6800 and 6800 XT GPUs are incredibly high in the resale market. It no longer surprises me how every big holiday gadget sells almost immediately whenever they are re-stocked; incentive for scalpers is too high. They are so high that even people like me who have bought one who wants to use it may have to think twice. (This is capitalism for you.)
Example: A full PlayStation 5 with a disc drive sells for $ 499.99. But it’s easily worth it double that on eBay: I the average actual final selling price of hundreds of PS5, by subtracting a few superficial outliers to arrive at the street price $ 1024. Keep in mind that this is not the asking price: this is what people actually pay for these consoles.
I ran with the same numbers for the PS5 Digital Edition, the new Xboxes and all six graphics cards. Here are the results:
Street prices for PS5, Xbox and GPU: Holiday 2020
|Item||Retail price||Street price|
|Item||Retail price||Street price|
|PS5 (disc)||$ 499||$ 1024|
|PS5 (digital)||$ 399||$ 990|
|Xbox Series X.||$ 499||$ 835|
|Xbox Series S.||$ 299||$ 471|
|Nvidia RTX 3090||$ 1,499||2076 USD|
|Nvidia RTX 3080||$ 699||$ 1,227|
|Nvidia RTX 3070||$ 499||$ 819|
|Nvidia RTX 3060 Ti||$ 399||$ 675|
|AMD RX 6800 XT||$ 649||$ 1,232|
|AMD RX 6800||$ 579||$ 841|
To avoid these numbers, I didn’t discard any open boxes or use consoles, and you can easily see how strong the demand for the PS5 in particular is: even the PS5 Digital Edition (without a disc drive) has almost the same value as the disc version sold for another $ 100.
While scanning, I also saw that including other games, drivers, or accessories wasn’t even necessary: sometimes it was enough to justify another $ 100 or $ 200, but the PS5 didn’t need to rake in $ 1K or more. (Some Xboxes with extra accessories seemed to be worth $ 50 to $ 100 more than others, but of course people buy the consoles themselves.) This means that if the situation doesn’t change drastically, scalping won’t stop in the near future.
If there is a clear place for potential buyers of consoles, it is that not all PS5 and Xbox listed on eBay are actually sold, although there are enough. In terms of volume, the PS5 and the new Xbox ran around 1,000 units on eBay every December 3, but some listings of the PS5 and $ 850 Xbox Series X for $ 1,000 ran out without selling. (Most PS5 Digital Editions and Xbox Series S seemed to sell, but there were also far fewer than disc models.)
On the PC side, the new Nvidia and AMD graphics cards seem to be incredibly few, according to eBay listings. Almost every single card I saw found a buyer, except for the highest priced RTX 3090 prices – and even there were several sales of $ 2,400 and $ 2,500.
The shortcoming is very real: perhaps a hundred RTX 3080 cards changed hands on December 3, even fewer RTX 3070 cards and only 27 new AMD cards brought buyers to eBay that day.
As we have repeatedly discussed at The Verge, all of these items are currently virtually impossible to buy in a real store at their retail price. If you’re unlucky, unconnected, or willing to pay for robots or scalpers, you may not be able to find them at all – and retailers don’t have the right incentives to fix it.
We’d like to think we have some fast and savvy deal hunters, but many of us are still trying to find a new GPU, PS5 or Xbox. Every supposed opportunity to buy is another shitshow. “Coming soon” almost always follows “Out of stock” and if we can get one into our digital shopping cart in the blink of an eye, it often disappears in front of the checkout. The launch of the Nvidia RTX 3060 Ti on December 2 was no exception, retailers failed to launch on schedule, and the others left before they actually appeared to be in stock.
Best Buy was a special joy:
It’s also fun to see GameStop and Newegg “replenish” these products – which means “replenish” sell us on bundles with unwanted accessories. But can you blame them that when eBay shows that even those buyers can get their money based on current supply and demand?
This pattern has already taken place many times and it is likely that supply will eventually catch up. Usually, these companies do not intentionally create a shortage, although it seemed to me in early 2008, when I camped all year round in the freezing Best Buy parking lot for the Nintendo Wii. after the console has been started.
Right now, however, we are experiencing an unprecedented time when companies like Microsoft and Nvidia are signaling that it may take months for things to settle. Even with so many essential items, I can’t remember the holiday season: Tickle Me Elmo, the early Power Rangers and the Nintendo Wii were usually disposable!
I’m still relying on selling my PS5 on eBay; I like the idea of trading the AMD RX 6800 as I suggested in my review, but it’s not easier to find this GPU; Looks like I would need most of the profits I’ve seen from console sales to buy a card on eBay as well.