Someone resold a PS5 on Ebay Australia for $ 50,100

Many Australians got a PS5 yesterday, but not many more. And with every piece of consumer technology that is hugely popular, there will always be scalpers – and unfortunately there will also be ones who just can’t miss it.

When people finally started picking up their next-generation PS5 consoles for the first time, user marketplaces and auction sites in Australia saw a flurry of new offers for the new console. But it’s one thing to list a console for double its MSRP – it’s another thing if people actually pay for it.

Image: eBay

That’s pretty bad, especially when you consider There are hardly any next generation games. The console is not worth that much! But there are understandably people who feel they have no other choice, parents who just want to make their children happy, and for them the extra premium is somehow justified.

But then you come to some of the other offers that have been sold and … things are just getting out of hand.

Image: eBay

That’s ridiculous. This is a console that retails for $ 749. But then there are cases where people are literally bidding thousands of dollars.

And it’s not like list prices (although there are plenty of scalpers out there who do) started that badly. Several PS5 deals I reviewed this morning all started with relatively low list prices: $ 900, $ 850, or even $ 800. Still more expensive than the console, but certainly not in the $ 2000, $ 2500, $ 5000, or this range that was bought on Wednesday for $ 15,100.

But then there’s the worst: a console that sold for $ 50,100 on eBay. The seller’s account is still active on eBay.

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Image: eBay
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The highest entries on eBay Australia at the time of writing all come from September when the first wave of PS5 pre-orders began. Not all of the crazy $ 20,000 deals were sold – some were re-listed while others just ended. But there are other offers that, while not in the $ 50,000 range, are definitely path too much to pay for a damn PlayStation.

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(If you look at the bid amounts and times and it seems completely wild, you are not alone. EBay bidding is a world of its own, and the platform has its own challenges with bots and automated proxy bidding, our sister site Gizmodo has a great one Scalper bots report released when the RTX 3080 was not for sale and this is a must-see.)

As I mentioned yesterday, if this sounds completely crazy to you, we’re going to see a lot more of it in reality. The rise and attention of scalper bots and cooking groups has been on the periphery of consumer technology for years. And because unfortunately they are people indeed Taking out ridiculous amounts of money to circumvent a lack of supply becomes a part of life every time a new piece of hardware is dropped.

You know how we have repeatedly pointed out that pre-ordering video games is bad business for consumers? Well, you may have to get used to the fact that hardware is bad business too. Until companies come up with a smarter solution for the offer – or use machine learning and other neural networks to do something against these automated bots – we will only see more of it.

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