Selling a PS3 - Advice please

rsulway

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So I've acquired a new MGS 80gb PS3 bundle that I don't need and am looking to sell.

The question is whether I should hold onto it for 6 months/a year or more and hope it increases in value, or should I sell as soon as possible in case there's a PS3 price drop soon?

Does anyone have any thoughts/opinions?
 
So long as the new PS3 models don't offer backwards compatibility, yes that bundle should increase in value. However, its value will also decrease due to price drops being inevitable. This is where the guessing game comes in.

I'd take the safe route and sell it right now. But if you're feeling lucky, and think PS3 price drops won't be huge, keep it and sell it later with the primary focus of your advertisement being on its backwards compatibility.
 
Yes in all honesty, these consoles will never increase in value to such a point that you are significantly increasing your value over time, i.e. let's say you can sell that particular model quite readily today for $500.

What's the most you will be able to get for it in the future, $550? $600 max? Versus say $500 today? That's a 10-20% increase in value in most likely over a year minimum...not bad but certainly nothing to write home about. There are better investments out there (and a hell of a lot more liquid) if that's all you're concerned with, and remember, your investment will also be "tied up" in the console while you hold it, not to mention taking up space and being virtually unusable as a sealed boxed unit. Now if the value were to somehow go to $1000 or beyond within a year, the chances of which are none and none, then we'd be talking.

Take the money now, I wouldn't be surprised if Sony brings back backwards compatibility in a future version, possibly at a slight premium, but consoles virtually always get cheaper over time, especially EXTREMELY mass produced ones.
 
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[quote name='DAWG26']Sadly the value has already dropped significantly. But I will take pity on you and buy for $200 shipped.[/quote]

I'll offer $201 shipped. :lol:
 
OK thanks for all the advice everyone.

I've decided I'll put it up on ebay shortly. I'll post the link if you guys want, but the price might be a little high for you Cheap-Asses ;)
 
Yeah, you will gambling on a demand for partial backwards compatibility and some extra for the most part non-game important inputs on that ps3. One day it might go up in value as a collectors item to MGS fans, but at least to me that seems like a risky gamble.
 
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