PS3 auctions fail

Thousands of unopened PS3s are being returned to shops across the US as eBay opportunists fail to sell their consoles online for a huge profit. This is largely thanks to Sony managing to push out a fresh batch of PS3s before the Christmas break, lowering interest in the auctions.

Canadian newspaperThe Hamilton Spectatorrecently interviewed a number of disappointed eBay sellers who plan to return their unwanted consoles. One person adds that it'll be "the 'scalpers' who really lose out." Poor things.

There're currently over 2,500 PS3 auctions running on but, apart fromone ridiculously high bidding war, many sellers are without even a single bid. One system is even selling forless than the retail priceat just $475, with no bids in place at the time of writing.

January 2, 2007