Scalpers has sold nearly 50,000 Nvidia RTX 3000 graphics cards on eBay and the sneaker website StockX, according to the new analysis, often at double the normal price.
It’s no secret that the RTX 3000 graphics cards are reselling at insane prices. However, a computer engineer named Michael Driscoll, based in Chicago, checked sales on eBay using a computer script to understand the full extent of the scalping.
On Tuesday, it provided an update on RTX 3000 sales after scalpers previously sold 15,224 units on eBay in early December. The number has since shot up to 39,064 units in all RTX models from the 3060 Ti to 3090.
Credit: Michael Driscoll
In addition, Driscoll reviewed the RTX 3000 sales on StockX, a website that is particularly known for selling hard-to-find sneakers from Nike and Adidas. According to his computer script, StockX helped scalpers sell 10,616 units.
Credit: Michael Driscoll
In total, 49,680 RTX 3000 GPUs were sold on both sites, which generated $ 61.5 million in sales. Driscoll estimates that $ 15.2 million went to the scalpers profit, while another $ 6.8 million went to eBay and StockX. “In the case of all four RTX 30 series, there was a sudden increase in sales between Christmas and shortly after the new year,” he said.
Prices also remained high despite the arrival of the RTX 3060 Ti, which normally sells for $ 399. “The 3060 went from 160 percent launch price 1/1/21 to now 210 percent launch price and recently dropped to 190 percent of launch price. The 3080 is a similar story, from 170 percent with Christmas to now 200 percent, ”he added.
Credit: Michael Driscoll
A 25% US tariff for motherboards and GPUs imported from China went into effect again on January 1st. As a result, both GPU vendors and the scalpers themselves have raised prices even further.
Unfortunately, the supply situation for the RTX 3000 graphics cards may not improve any time soon. Nvidia chief financial officer Colette Kress said earlier this month that the units “are likely to remain lean during the first quarter.”
“Our overall ability could not meet the overall strong demand we saw,” she added.
As for Driscoll, he plans to release updates this Thursday and Friday on how many Xbox Series X and PlayStation 5 units have been sold on eBay and StockX.