Making the most of eBay

Marginal Revolution: Markets in everything, even if they don't quite clear

This was on ebay:

You are bidding on the contact information for my friend who acquired a PS3 by waiting in line outside Best Buy for two days in advance. I was there with him the entire time, but already sold mine. He has in his posession a PS3, extra controller, extra charger, three games (Resistance, Madden, and Ridge Racer), and a 2 year replacement plan. Keep in mind that you are not bidding on an actual system, but only the information where you might obtain one. You will be able to contact him and he is very willing to sell if the price is right. The unit is in the Atlanta, GA area and he would be willing to deliver in person if close by. PayPal is the only payment form accepted.

There were 20 bids and the final price was $1,100.

(Above italicized quoted from Marginal Revolution)

I applaud the innovative individual who thought up this brilliant scheme. I can imagine he had quite a good time this weekend.