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GPU Prices 2022: Hitting the Brakes

Here's the update from early June 2022, covering the May 2022 sales, unmodified below this line.

We mostly skipped the update last month, due to the launch of several new AMD graphics cards, though you can see a belated update for April on the next page. For May, we have four newcomers: the RX 6950 XT, RX 6750 XT, RX 6650 XT, and RX 6400, and you can find benchmarks for those in our hierarchy already.

Month over month, GPU prices took another hit, and that's coming from several months of 10% or more drops. In May, the average Nvidia GPU price on eBay dropped by 14%, headlined by the RTX 3090 Ti and RTX 3090 that were down about 20%. AMD took an even bigger hit, with average GPU prices down 15.5% from April. All indications are that, with the drop in cryptocurrency values and mining profitability, demand from that sector has effectively evaporated. Actually, it's worse than that, as many miners appear to be clearing out inventory. AMD and Nvidia make projections for sales typically six to twelve months in advance, and there's every reason to suspect we'll now be entering a phase of oversupply for the current generation graphics cards.

What's bad for the graphics card makers is good for consumers, as this should hopefully spur price cuts. You can almost see the gamers chanting, "How low can you go? (opens in new tab)" as GPU prices do the limbo with MSRPs. At present, eleven of the 21 current generation graphics cards are selling at prices at or below the official MSRPs. Here's how things looked during the month of May 2022.

Nvidia Ampere and AMD RDNA2 GPUs: eBay Pricing for May 2022
GPUAvg eBay PriceQTY SoldGross SalesFPS/$
GeForce RTX 3090 Ti (opens in new tab)$1,82944$80,4870.0724
GeForce RTX 3090 (opens in new tab)$1,438754$1,084,2670.0880
GeForce RTX 3080 Ti (opens in new tab)$1,134617$699,8380.1088
GeForce RTX 3080 12GB (opens in new tab)$95969$66,2020.1298
GeForce RTX 3080 (opens in new tab)$8991197$1,076,5100.1293
GeForce RTX 3070 Ti (opens in new tab)$710850$603,5680.1466
GeForce RTX 3070 (opens in new tab)$6411364$874,7060.1556
GeForce RTX 3060 Ti (opens in new tab)$5791558$902,3160.1580
GeForce RTX 3060 (opens in new tab)$424804$340,5990.1657
GeForce RTX 3050 (opens in new tab)$315139$43,7700.1634
Radeon RX 6950 XT (opens in new tab)$1,6002$3,2000.0858
Radeon RX 6900 XT (opens in new tab)$875172$150,5190.1482
Radeon RX 6800 XT (opens in new tab)$767265$203,3500.1610
Radeon RX 6800 (opens in new tab)$655154$100,8780.1691
Radeon RX 6750 XT (opens in new tab)$5114$2,0450.1979
Radeon RX 6700 XT (opens in new tab)$477389$185,4710.2008
Radeon RX 6650 XT (opens in new tab)$4000$00.1997
Radeon RX 6600 XT (opens in new tab)$350375$131,2200.2231
Radeon RX 6600 (opens in new tab)$290174$50,4690.2299
Radeon RX 6500 XT (opens in new tab)$19249$9,3920.1588
Radeon RX 6400 (opens in new tab)$1514$602Not Tested

Outside of the new AMD RX 6x50 XT cards, which had very low sales volumes on eBay — another good indication that scalpers and miners just aren't interested in risking the purchase of additional GPUs — all of the current generation cards dropped again in price. We're particularly pleased to see the RTX 3090 Ti selling for around $200 less than the official MSRP, which was severely overpriced to begin with.

Of course, the most desirable cards, meaning the ones that didn't have extreme MSRPs, continue to sell at inflated prices. Nvidia's RTX 3050 through RTX 3080 are still going for 28% more than their official MSRPs on average, with the RTX 3060 Ti being the worst offender at 45% over the $400 starting MSRP. AMD's GPUs are in a better state, with only the RX 6800 XT and RX 6800 selling above MSRP, though many of AMD's MSRPs are higher than their direct Nvidia counterparts to begin with.

With the increase in supply and an apparent drop in demand, at least as far as eBay sales go, fewer cards exchanged hands. There were over 10,600 current gen GPUs sold on eBay in April, compared to about 9,000 GPUs sold in May. That's a 16% drop in sales, with AMD's unit numbers down 28%, though do note that AMD unit sales were up 15% in April.

The best values continue to be AMD's RX 6600 and 6600 XT, followed closely by the RX 6700 XT, RX 6650 XT, and RX 6750 XT. For Nvidia, the RTX 3060 and 3050 represent the best bang for the buck, with diminishing returns as you go up the performance scale from there.

Nvidia Turing and AMD RDNA GPUs: eBay Pricing for May 2022
GPUAvg eBay PriceQTY SoldGross SalesFPS/$
GeForce RTX 2080 Ti (opens in new tab)$686349$239,277.890.1400
GeForce RTX 2080 Super (opens in new tab)$498178$88,640.440.1705
GeForce RTX 2080 (opens in new tab)$430170$73,055.800.1913
GeForce RTX 2070 Super (opens in new tab)$409336$137,326.560.1869
GeForce RTX 2070 (opens in new tab)$365216$78,775.200.1862
GeForce RTX 2060 Super (opens in new tab)$370163$60,288.810.1760
GeForce RTX 2060 (opens in new tab)$282441$124,190.010.1960
GeForce GTX 1660 Ti (opens in new tab)$252206$51,903.760.1742
GeForce GTX 1660 Super (opens in new tab)$249530$131,864.000.1785
GeForce GTX 1660 (opens in new tab)$214113$24,235.110.1860
GeForce GTX 1650 Super (opens in new tab)$183135$24,715.800.1813
GeForce GTX 1650 (opens in new tab)$175349$60,924.930.1524
Radeon RX 5700 XT (opens in new tab)$449883$396,855.520.1640
Radeon RX 5700 (opens in new tab)$381113$43,075.600.1700
Radeon RX 5600 XT (opens in new tab)$294189$55,566.000.1976
Radeon RX 5500 XT 8GB (opens in new tab)$21659$12,769.960.1839
Radeon RX 5500 XT 4GB (opens in new tab)$16029$4,640.580.2093

GPU prices on previous generation cards fell by 15% on average as well, though generally speaking you'll get a better value buying a current generation GPU over the previous generation. Or at least, that used to be the case. Most of these GPUs are now used models, though, so you should pay less.

Nvidia's GTX 1660-series cards all had significant price cuts this past month as well, with the 1660 Super falling 21%. AMD's RX 5700 XT and RX 5700 also dropped by around 20% month over month. Again, all of those GPUs were popular among cryptocurrency miners, hinting at an increased rate of sell off. Should you buy a used graphics card? In the current market, we'd exercise caution, particularly on models that were popular mining cards. Basically, you get what you pay for.

May GPU Pricing Summary: Oversupply Incoming

GPU prices, lots of boxes in a warehouse

(Image credit: Shutterstock)

Just like we saw with the last major cryptocurrency boom in late 2016 to mid 2017, eventually things return to some semblance of normal. Basing production and sales forecasts on the cryptocurrency market is risky, and with the long expected collapse now upon us, all the new AMD and Nvidia GPUs getting manufactured now have to compete with used cards flooding the market.

We're far from done with the crypt-apocalypse, as most of the GPUs are still within spitting distance of their official MSRPs. The biggest markdowns are on the RX 6900 XT and RX 6600, with both of those selling at around 12% below MSRP. The 6900 XT had a big margin to work with, and even the RX 6600 was quite overpriced since it nominally replaces the RX 5600 XT level GPUs from the previous generation.

If  you want to get an idea of where things may end up, remember the Radeon RX 570, a GPU that launched at $160 and then shot up to well over $400 during 2017. When Bitcoin prices and mining profitability tumbled, the RX 570 cards ended up selling for $120 for the next two years, and it wasn't until the latest crypto boom in late 2020 that the Polaris 20 GPU supply finally dried up. We suspect AMD and Nvidia were more cautious this round, but there's still a good chance to see some cards selling well below MSRP in the coming months.

What will happen with the launch of Ada and RDNA 3? The Turing launch in 2018 was likely delayed by several months just to help clear out excess inventory. Rumors are swirling that RTX 40-series GPUs will arrive in the next few months, but if there are a lot of RTX 30-series cards sitting on shelves, don't be surprised if there's a bit of a delay once more.

Jarred Walton
Jarred Walton

Jarred Walton is a senior editor at Tom's Hardware focusing on everything GPU. He has been working as a tech journalist since 2004, writing for AnandTech, Maximum PC, and PC Gamer. From the first S3 Virge '3D decelerators' to today's GPUs, Jarred keeps up with all the latest graphics trends and is the one to ask about game performance.

  • Kridian
    "The most desirable cards are now selling for close to triple their official launch prices."And THAT my friends, is why we don't buy sh*t on eBay (aka: Scalper's Haven).
    Reply
  • exploding_psu
    Me blindly buying a second-hand Vega 56 above MSRP years ago didn't look so bad now
    Reply
  • Sat32
    This scalping <Mod Edit> needs to end and Nvidia, ASUS, EVGA, MSI, Sony could stop this if they wanted to in a second.
    Years ago I ended up with a DVD exercise program P90 I think, since I didn't want it I listed it on ebay took about 15 minutes for the add to be pulled for copyright infringement.
    I wasn't a authorized dealers and P90 was there copyrighted trademark like Nvidia, ASUS, EVGA, MSI, Sony are all copyrighted trademarks so they do have the ability to stop this.
    People should be able to sell there stuff on ebay and make money but not in this way sucking everything up from every retailer amplifying the shortages for there own benefit.
    Nvidia could simply ask for every add that uses there copyrighted trademarks more then 10% above MSRP pulled down the scalping and bots would disappear overnight.
    Reply
  • ThisIsMe
    Only eBay can stop this in a heartbeat. All they have to do is ban people from selling new graphics cards or game consoles or whatever for 6 months. That’s it. People need to wise up and boycott eBay altogether until they wise up.
    Reply
  • excalibur1814
    You know what else needs to stop, on eBay? 0 feedback accounts.

    I've been watching Nikon Z6 auctions for over a month and EVERY single one is bid up to around £850. EVERY. Single.One. All tech item prices are seemingly being inflated and that benefits oems, eBay and share holders. It's annoying. It's obvious. It's so obvious, yet most threads are full of people shouting that it isn't an issue and that there's nothing going on.

    Yeah, okay.
    Reply
  • LolaGT
    It used to be really easy to track on auction sites with a little detective work.
    It has been many years now since ebay hid the bidding IDs so it was almost impossible to confirm it, and of course now that you can't see the obvious, it doesn't happen as far as ebay is concerned.


    Shill bidding in auctions is the deliberate placing bids on the seller's behalf to artificially drive up the price of his auctioned item. Shill bidding has been known to occur in auctions of high-value items like art and antiques where bidders' valuations differ and the seller's payoff from fraud is high.
    Reply
  • Clarence_Darrow
    ThisIsMe said:
    Only eBay can stop this in a heartbeat. All they have to do is ban people from selling new graphics cards or game consoles or whatever for 6 months. That’s it. People need to wise up and boycott eBay altogether until they wise up.

    Ebay makes far too much money to ever do this willingly.
    Reply
  • daworstplaya
    Clarence_Darrow said:
    Ebay makes far too much money to ever do this willingly.

    ^This!
    Honestly in this climate MS and Sony should just stop selling their consoles for a loss and sell the consoles for a higher price themselves and keep the profits vs allowing these low life scalpers (aka leeches) to make a quick buck.

    GPUs are a different story though, what needs to happen is for all the Cryptocurrency servers to be shut down in China and where ever else they are currently running. Kill Crypto and this whole thing goes away. There is absolutely no reason from Crypto currency ponzi scheme to exist.
    Reply
  • blacknemesist
    At least mining is getting diminished returns, hopefully it keeps dropping more and more and not only do they stop buying they will need to sell them to cut their losses.
    I would be happy if all gamers boycotted the 3xxx series just to let crypto crappers suffer all the losses but that isn't going to happen,
    Reply
  • Sat32
    Ebay is making money off the scalpers there is no reason for them to stop it. On the other hand Nvidia and it's vendors are dealing with pissed off customers and losing sales with tie in sales. I suggested a solution to this issue one call from one of Nvidia's lawyers letting ebay, stock-x, Facebook market place know if there products are sold on there sites all sellers will need to be authorized resellers. or they can expect legal action seeking damages for copyright infringment
    Reply