In-Console-Able<< The Internet: Where Doomed Shows Go To Die | Main | MediaFlo A Go >> Joseph Laszlo | December 29, 2006, 01:33 PM My colleague Sapna and I have both been hoping to secure Nintendo Wii's for ourselves this holiday season; alas, a new round of them made available on Amazon just today sold out in the blink of an eye. Neither of us being desperate enough to resort to the secondary market, I haven't been paying attention to prices on eBay. But Michael over at Kotaku has just done an analysis of PS3 sale prices at auction, with rather interesting findings (and a nice chart, it's worth clicking over). Basically, where one might've expected PS3 sale prices to peak as folks got desperate approaching Christmas Eve, in fact auction prices for the PS3 tanked pretty quickly after hitting an obscene high of over $2 grand in mid-November. Nowadays according to Kotaku speculators who bought PS3s are actually returning them to the store; the profit margin from auctioning 'em off is too thin to be worth it. It's an interesting look at a particular case of supply and demand. And it helps highlight the way that markets can veer from irrational back to rational over time. With the holidays soon to be behind us, I feel pretty certain supply chains will fill up, and these things will be much more available. If you didn't get one in December, relax, there's always Presidents Day. |
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