Xbox 360s fetching $2,500 on eBay
Published November 23rd, 2005
People fortunate enough to get their hands on Microsoft Corp.’s new videogame console when it was released yesterday immediately resold them on eBay, occasionally fetching thousands of dollars for packages that sometimes also included games and other add-ins.
The online auction site said about 1,800 Xbox 360s were sold there between midnight and noon Pacific time yesterday. Retailers across the country had opened their doors at midnight so gaming enthusiasts – and, apparently, entrepreneurial eBay users – could get their hands on the console immediately after it came out.
Internet retailer Amazon.com Inc. and the Web sites for Circuit City Stores Inc., Best Buy Co. and Wal-Mart Stores Inc. all listed the consoles as being sold out yesterday.
EBay said the average price for consoles, including those sold with games and other add-ons, was $660. However, the company said some console packages were selling for as much as $2,500, with bidding and sales prices varying widely.
The North American retail price for the consoles is $399.99, while a slimmed-down version without a detachable hard drive and wireless controller sells in stores for $299.99.
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