Just auctioned the last of the wii u preorders I had (actually had 29 of them, I still have 1, but I'm keeping that one for myself).
Sorry I haven't been able to respond personally to any of the comments from the previous posts and the direct messages that were sent were answered as much I could. If I missed you, please feel free to post a comment here or just DM me again. Twitter usually works well too if you happen to be following.
Anyway, with all the dust settling, here's the final tally...
- 29 total Wii U preorders in hand (Sept/Oct)
- 10 Basic ($299)
- 12 Deluxe ($349)
- 28 listed and sold on ebay:
- 8 were sold for +$300 or more
- 15 were sold for +$400 or more
- 5 sold for +$500 or more
- Total profit for 28 was $11,400 (this takes into account shipping/handling, tax on the preorders, etc.)
- 1 for me :) (it's basically free, now)
A few things to note: both deluxe and basic sets sold well, but with relatively slow start at the beginning of the auction (that is expected) with more action at the end. I used 3-day and 7-day auction formats, never used BIN and never had a reserve. 3 and 7 days showed about similar sales figures... it boils down to I think people are looking at auctions ending that day to bid on. One got re-listed because the seller backed out. Thats fine, I actually had a higher final price on the relisting anyway. Had two preorders for games (new SMB), but those don't go for much and should be in stores (somewhat).
So, what's next? Well, preorders were just the start. Much of this madness is due to a couple of things: this is the first console in a long time, its Nintendo and the Christmas season. Lots of people are looking for this and they all know that this will not be one of those "pick it up a week before Xmas" thing. From now until *whenever*, there should be a very profitable reseller market... I remember the original Wii (2006/2007) I actually got four at or near launch, sold them for $1,200 but could never got my hands on any more. Never saw them back in stores for a good six or seven months down the line!
Its different now days and with online retailers and everything, I'll be looking to buy as many as I can online. I'll post links below if anybody's interested, but basically bestbuy, walmart.com, target, gamestop, etc. are your best bets. They will probably get some stock in throughout the next few weeks. But no guarantees. And no guarantees that if they are in stock, you'll be able to get in before they sell out. If I can get another 20... who knows what they will go for on ebay, could go higher as time runs out before xmas... Another 20 units should move for at least $7500.
My advice: Unless you have 20 or 30 preorder slips laying around, use an inventory tracking site to monitor the websites mentioned above. They basically will sell out in minutes, but it is possible to get in during that 10 or 15 minute window IF you get notice when they do. Forget the individual website "email me when in stock" notices. Although they do go out, but they are meant for items that don't sell out in minutes. Usually the earliest you'll get these is an hour or so after they are in stock. Too late for WII U's!
The one I used to get my preorder Wii Us was wiiu4me.com and it worked fine. It's normally $19 to get the text and email alerts, but they run codes for $10 off making it $9.99! Try this link for the promo code, if it's still valid: http://wiiu4me.com?promo=SUPERMARIO
It's not really that complicated and takes a little bit of work. It won't last forever and I am not quitting my day job, but it's definitely worth it for now.