iPad 2: Sold out and selling for $13,500 on eBay

One eBay auction of an iPad 2 allegedly fetched the seller $13,500.

By Sarah Jacobsson Purewal, PC World |  Hardware, eBay, ipad

What's that? You didn't manage to pick up an iPad 2 last weekend? Don't worry, I have a solution for you: pick one up for $4000 on eBay UK. What? You live in the U.S.? Even better--you can pick one up for only three times that price: $13,500.

[ See also: 15 must-have accessories for your new iPad 2 ]

Yeah, you read that right. The Tech Herald reports that predatory eBay sellers are all over the iPad 2, with the most outrageously priced iPad 2 priced at 2,495 British pounds, or $4000. Never fear, for that is the 64GB, Wi-Fi + 3G model (thank goodness!). The Tech Herald reports that the lowest price they've seen is 570 British pounds, or $920.

Apparently buying and reselling Apple products is a lucrative business--and not just in other countries. The iPad 2, which launched last Friday, is already sold out in the United States, and more won't be shipped for another 4 -5 weeks, according to Apple's website.

Selling cutting-edge technology overseas at a mark-up is nothing new or special--The New York Post reports that a top-of-the-line iPad 2 can be re-sold in both the United States and in China for twice the price: $1700, instead of $830. Meanwhile, The Wall Street Journal reports that iPad 2's are going for $2,000 in Hong Kong's "gray markets."

I live across the street from an Apple store, and now I feel like somewhat of a chump for not getting in on this business. I went ahead and checked out eBay.com to see what the iPad 2 is going for in the U.S. market--the most expensive iPad 2 is currently selling for a Buy It Now offer of $13,500 (64GB, Wi-Fi version, which normally goes for $700). The cheapest iPad 2 is currently going for a Buy It Now offer of $700 (16GB, Wi-Fi version, which normally goes for $500), and the seller will even throw in a free smart cover.


Originally published on PC World |  Click here to read the original story.
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