Selling GPU to CEX

[Guest2]

Yes they will honour the price if it's within 3 days. You can effectively keep extending this by putting additional sell orders through every 3 days unless the price drops.

Scalping is just part of a capitalist market. Your analogy is fair, same goes for classic car scalpers. If you take the argument to extreme nearly all retail is scalping, supermarkets buy food and drink for £x and sell it for £x+y. It's just that things like the internet have removed some barriers to entry that were traditionally in place and joe public can start scalping more in cases where there are rare items, because it is much, much easier for them to find a buyer than 25+ years ago.

Good point. The world is pure scalp!

Isnt the biggest markup on food and drink (maybe GPUs can join them now!?)
Something like a jacket potato that costs 5p is sold in the city centre with cheapo beans and cheese on for £4.50. Same with chips, cost nothing to buy but sold by some posh street food stall for ~£4
In the grand scheme of things a GPU at RRP £650 thats being sold for £1400 is +120% I bet most food and drink is sold for way more than 120% increase. Same with clothing, especially a Gucci belt. Probably £20 to make, slap a G on it and sell it for £2000
...anyone for a Gucci branded 3080 Ti???

 

[djsco]

As interest, did they take it at the price listed on the website?

[Update]

Took it in yesterday, they scanned the card and gave me the price for the basic RTX 2080 TI 11GB model (£585), I had no boxes or cables but they didn't mark the price down because of this,

Told me to come back in 45 mins, I came back and they paid the cash there and then, painless.

I anyone is looking for a 2080ti for a whopping £900 get yourself into the Glasgow Union Street branch, said they were putting it on display today (he was talking like it was the Mona Lisa!),

Thanks everyone for the contributions to the thread, just sorry I couldn't have got this into the hands of someone he needed it,

gaming gods forgive me.

 

[Guest2]

I anyone is looking for a 2080ti for a whopping £900 get yourself into the Glasgow Union Street branch, said they were putting it on display today (he was talking like it was the Mona Lisa!),

It'll be the first 2080Ti Glasgow has seen!

 

[five8five]

Told me to come back in 45 mins, I came back and they paid the cash there and then, painless.

Glad you got sorted so quickly.

As I said before, they give a two warranty on the cards, even on the AMD 6000 series where some only have a two year factory warranty.

At least the new owner will have some peace of mind.

 

[NexxCat]

Glad the sale went well. CEX are generally really good with buying stuff for the price they quote, unlike some places who will take every chance to haggle downwards

 

[djsco]

It'll be the first 2080Ti Glasgow has seen!

There will be queues all the way down Argyle Street with people waiting to get their photo taken with the rare 2080ti,

kids crying into their packed lunches, store manager on a megaphone... "please, no pushing, no touching and one picture per customer."

A day the good people of Glasgow will never forget!

 

[HangTime]

if cex are buying cards at silly high prices and if gpu prices decline wont cex take a massive loss if they cant sell for profit? always wondered about that

No, because they are just a front for a big mining operation, they never actually sell these cards for the inflated prices they have them all churning away in the 'test bed' systems

In all seriousness, without knowing what their internal processes are like I suspect being a CEX employee gives a lot of opportunities for fraud, from swapping broken items for working items, borrowing electronics to use at home until someone wants it, running a mining farm piped into own account, buying items cheap for themself etc.

 

[moogle]

Good point. The world is pure scalp!

Isnt the biggest markup on food and drink (maybe GPUs can join them now!?)
Something like a jacket potato that costs 5p is sold in the city centre with cheapo beans and cheese on for £4.50. Same with chips, cost nothing to buy but sold by some posh street food stall for ~£4
In the grand scheme of things a GPU at RRP £650 thats being sold for £1400 is +120% I bet most food and drink is sold for way more than 120% increase. Same with clothing, especially a Gucci belt. Probably £20 to make, slap a G on it and sell it for £2000
...anyone for a Gucci branded 3080 Ti???

Difference is scalpers do nothing to improve the item and just buy all the stock which leads to a shortage and inflation of the price they sell at. At least your Dad fixed the items up or made some change to the items he sold (for the better) so I don't think that qualifies as scalping.
You could argue retailers are like that but they are the usual front for selling the items so maybe scalping is buying it from retailers in the hopes of depleting stock and selling it at a higher price due to that.

 

[Obliter8]

[Update]

Took it in yesterday, they scanned the card and gave me the price for the basic RTX 2080 TI 11GB model (£585), I had no boxes or cables but they didn't mark the price down because of this,

Told me to come back in 45 mins, I came back and they paid the cash there and then, painless.

I anyone is looking for a 2080ti for a whopping £900 get yourself into the Glasgow Union Street branch, said they were putting it on display today (he was talking like it was the Mona Lisa!),

Thanks everyone for the contributions to the thread, just sorry I couldn't have got this into the hands of someone he needed it,

gaming gods forgive me.

You tried mate! Giving a **** is a seemingly rare commodity these days!

 

[Jono8]

I was very impressed with them. Drop and go order for 3060ti taken in, confirmation of payment 20 mins later via email. £900 in my bank account 1 working day later.

 

[HangTime]

Difference is scalpers do nothing to improve the item and just buy all the stock which leads to a shortage and inflation of the price they sell at. At least your Dad fixed the items up or made some change to the items he sold (for the better) so I don't think that qualifies as scalping.
You could argue retailers are like that but they are the usual front for selling the items so maybe scalping is buying it from retailers in the hopes of depleting stock and selling it at a higher price due to that.

The way I would define scalping is:
1) You are just passing on the item without improving it (supermarkets do this although you could argue you are benefiting from their logistics as opposed to having to e.g. travel to a farm to buy eggs)
2) You are making a profit on the item (supermarkets do this with most items)
3) You are exploiting an imbalance of supply vs demand, allowing you to charge high prices due to lack of competition (supermarkets generally don't do this, but classic car dealers might). In extreme cases you could consider scalping to be a 'self-fulfilling monopoly' whereby hoovering up stock exacerbates the stock shortage as well as exploiting it.

 

[Combine Harvester]

I was very impressed with them. Drop and go order for 3060ti taken in, confirmation of payment 20 mins later via email. £900 in my bank account 1 working day later.

I have used them few times and never had a problem, I prefer them over Ebay even though you'll get more from Ebay, but after fees and shipping it's really not that much more and way more convenient and fast

 

[moogle]

The way I would define scalping is:
1) You are just passing on the item without improving it (supermarkets do this although you could argue you are benefiting from their logistics as opposed to having to e.g. travel to a farm to buy eggs)
2) You are making a profit on the item (supermarkets do this with most items)
3) You are exploiting an imbalance of supply vs demand, allowing you to charge high prices due to lack of competition (supermarkets generally don't do this, but classic car dealers might). In extreme cases you could consider scalping to be a 'self-fulfilling monopoly' whereby hoovering up stock exacerbates the stock shortage as well as exploiting it.

Agreed, scalpers could argue they bring the item closer but I guess supermarkets offer their distribution and bulk buying to discount stuff for you.

I guess scalpers mainly make use of point 3 so that is a closer definition.

Either way you know one when you see one! I usually wouldn't see a problem as it's a luxury item but because of the shortages and them buying it all up they're affecting a large section of the tech/gaming community.

Anyway well done OP for your sale.

 

[Jono8]

I have used them few times and never had a problem, I prefer them over Ebay even though you'll get more from Ebay, but after fees and shipping it's really not that much more and way more convenient and fast

yeh, ebay is simply not worth the potential hassle for a bit more cash. At least i know with CEX i am not going to get a chancer asking for a refund a few months down the line.

 

[Benass]

yeh, ebay is simply not worth the potential hassle for a bit more cash. At least i know with CEX i am not going to get a chancer asking for a refund a few months down the line.

This one.
Fak ebay, it comes back to u some months Later.

 

[Bedmonster Jay]

Also you have helped the staff in Glasgow hit their bonus kpi targets and given them a nice new item of stock to fill out a space in their displays.

It's very likely someone will trade in a gpu to get you're 2080ti as well, as thats what tends to happen most in my experience.

I have had a couple of them in my branch, tempting me but I held out for Ampere .

 

[kjaerligkatt]

yeh, ebay is simply not worth the potential hassle for a bit more cash. At least i know with CEX i am not going to get a chancer asking for a refund a few months down the line.

I’ve read some people claim that the amount they were offered initially by CEX was reduced (significantly) after dropping off the item, and that there is no way to get your item back, and withdraw from the sale, once you’ve committed. Their T&Cs seem to support this practice. Has anyone experienced this.

I have a number of things collecting dust that I’d like to offload for cash, but both EBay and CEX seem to have pitfalls …

 

[varkanoid]

Good point. The world is pure scalp!

Isnt the biggest markup on food and drink (maybe GPUs can join them now!?)
Something like a jacket potato that costs 5p is sold in the city centre with cheapo beans and cheese on for £4.50. Same with chips, cost nothing to buy but sold by some posh street food stall for ~£4
In the grand scheme of things a GPU at RRP £650 thats being sold for £1400 is +120% I bet most food and drink is sold for way more than 120% increase. Same with clothing, especially a Gucci belt. Probably £20 to make, slap a G on it and sell it for £2000
...anyone for a Gucci branded 3080 Ti???

Clothing is 75% mark up or was when I worked at Arcadia.

 

[Combine Harvester]

I’ve read some people claim that the amount they were offered initially by CEX was reduced (significantly) after dropping off the item, and that there is no way to get your item back, and withdraw from the sale, once you’ve committed. Their T&Cs seem to support this practice. Has anyone experienced this.

I have a number of things collecting dust that I’d like to offload for cash, but both EBay and CEX seem to have pitfalls …

Never happened to me. I've sold RAM, old monitor, a couple of GPU's and a CPU on separate occasions. I've always dropped them off in person, was given a receipt with quoted price and told to come back 1-2 hours later, so they can test the item, was given full cash on return.

 

[Jono8]

I’ve read some people claim that the amount they were offered initially by CEX was reduced (significantly) after dropping off the item, and that there is no way to get your item back, and withdraw from the sale, once you’ve committed. Their T&Cs seem to support this practice. Has anyone experienced this.

I have a number of things collecting dust that I’d like to offload for cash, but both EBay and CEX seem to have pitfalls …

Mine was the opposite. I placed an drop and go order and the price is only honoured for 3 days. One the 2nd day the price dropped £400(!), and i took it on the third day and still got the original price honoured (the receipt has a £400 price match entry on it!)