Posts Tagged 'grey market'

Copping on the Grey Market

I’m surprised how uncomfortable the majority of my friends are with dealing on the grey market. It’s a really good place to find bargains for items which are otherwise ludicrously expensive at retail. My trades over the past four months are detailed in the table below.

Item Purchase Price
Price Sold
Market Value4
Call of Duty 51 $40 $68
Metal Gear Solid 4 $40 $35 $68
Nintendo DS+R42 $208 $140 $208
Planet Earth (new) $40 $80
DualShock 3 (new) $40 $62
Folklore $40 $40 $68
Killzone 23 (new) $50 $80
Street Fighter IV $50 $80
Totals $468 $255 $714

Notes

  1. I got CoD5 free during a Christmas promo when I purchased my PS3
  2. I bought my NDS + R4 two years ago at full retail price, and decided I didn’t use it enough. Thus I sold it before the DSi rendered my unit obsolete
  3. Killzone 2 was pre-ordered on amazon – not really grey market, but it was well under MSRP
  4. Market Value includes taxes

As can be seen, I’ve been able to obtain items for a minimum 35% off retail prices. I’ve also managed to re-coup most of my expenditures through re-selling items I have lost interest in. My highest loss was my NDS, sold at 67% of it’s initial value. However, considering how infrequently i used it + 2 years depreciation + new model being launched… that’s not a bad price to let it go.

My latest victory purchase has been SFIV. Retails for $69.99 + taxes at most brick & mortar stores. The game has actually been out of stock for the ps3 since it’s release last month due to it’s extremely high demand. Copped it for $50 – perfect condition.

Of course, there are scammers out there, so it’s best to use common sense when dealing through Craigslist and Kijiji. If you don’t know your product, don’t buy it grey. If you don’t know how to deal with strangers, don’t buy it grey.

I may come back to this topic sometime later regarding how to avoid being an ass-hat when trading on the grey market.

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