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Technology Stocks : Sony Corp - Sony
SONY 27.89+0.5%Oct 31 9:30 AM EST

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From: TimF11/17/2006 5:26:08 PM
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Opinion: Payday - The $15,100 PlayStation 3

Aaron McKenna

November 17, 2006 12:07

Myself and Wolfgang Gruener have just sat, with our mouths agape, as a Playstation 3 bidding war on Ebay reached $10,001.00 a few minutes ago. We nearly fell off of our chairs when it went to $15,000 with mere seconds to go; and finally the winner of the hotly contested bidding war, which began at $1, was a user from the UK who bid $15,100 to become to proud new owner of a Playstation 3.

For the hundreds, if not thousands, of students and savvy businessmen who lined up - or paid others to line up - weeks before the PS3 went on sale in the US, today is payday. At the time of writing there are around 8200 PS3s on sale on Ebay alone; and heaven knows how many are being circulated by other means or have already been sold on.

This is simply amazing. At launch the Xbox 360, which suffered some shortages, got bidding of up to about $,000 on eBay. For the PS3 that's more the norm than the upper-limit exception. Guys and gals: It's a friggen games console, more units of which will be delivered between now and Christmas, and many more in the years to come. Is it really worth $15,000 or $10,000 or even $2000 to you to get a $600 product a few weeks or - God forbid - months before most everyone else?...

tgdaily.com
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