Many will just wait till new stock arrives, but what about others who are not constrained by money or a lack of desire? What are their options? They’re the ones who fall for it, and they’re the ones who play straight into the scalper’s hands.Pre-orders for the launch day are now available. The Xbox One X was sold out in 14 minutes, and the PlayStation 5 was sold out in an hour. Hundreds more consoles are now available for purchase online at outrageous prices.
It’s not illegal to sell consoles at double their retail value on auction or online sites.
Adam said he was simply selling the console with a plan to use the money gained to buy his own PlayStation 5.
Adam* listed a PlayStation 5 on Facebook Marketplace, recently pre-ordered from JB HIFI, for $600 more than the recommended retail price.
“For me to be able to afford to have one I needed to sell one online to be able to afford one for myself,” he said.
Adam says he’s not the only one doing it, his friends have consoles up for sale too, with one selling on eBay for $1500.
I asked Adam to put me in touch with his friends.
“You can look on eBay for yourself,” he said. “They are well off with money, they just doing it because they want to make extra money. One is a banker and one is an engineer.”
Adam admits he does feel guilt for scalping, but attempted to justify the sale by comparing it to big retailers. “We are living in a capitalist country, where these things are permitted,” he said.
After speaking to Adam, we challenged a few other scalpers online. One said she was “just selling for a friend”. Another felt so guilty after being contacted by 9news.com.au they lowered their price.
Scott*, dropped the price in his Facebook listing from $1100 to $990, telling me he lowered his price to be “more reasonable and negotiable”. EB Games and JB Hi-Fi have temporarily closed their pre-orders for both the PlayStation 5 and Xbox Series X. We’ll look to keep you updated when pre-orders reopen.