The power of scarcity

Guitar_hero_3

We all know that low supply and high demand drive prices up.  Makes sense, right?  Thing is, it’s rare (I think) to see this relationship so starkly displayed.  Even though it’s the holiday season, I still find this surprising.

Apparently, it’s not just the Nintendo Wii that’s scarce, but also some of the games that go with it.  My colleague hipped me to the following.  Turns out on Monday that someone on eBay paid just over $9,100 for a copy of Guitar Hero III: Legends of Rock.  Don’t believe me?  Then check out this link.  The comments and the sellers responses are interesting, too.

Oh, by the way, it retails on Amazon for $49.

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