eBay Historical GPU Prices 2023: November 2023 Update

We've switched to bi-weekly updates for our GPU pricing index, tracking the best graphics cards and the newest additions to our GPU benchmarks hierarchy. Here's the historical data for the first two weeks of March 2021.

The past two weeks haven't really changed things much. Nvidia's GPUs have all increased slightly in prices, with the exception of the RTX 3060 12GB. AMD's GPUs meanwhile have all dropped slightly in pricing. We're looking at slightly more data than last time (14 days vs. 11 days), so while volumes are a bit higher it's mostly just noise in the matrix.

Most of Nvidia's GPUs are selling on eBay for close to triple their official MSRP. That's partly because most of the MSRPs are basically fantasy land right now, unfortunately. The RTX 3090 is 'only' double its launch price, which was already extreme but sort of seems quaint in today's market.

AMD's GPUs are a bit closer to double the MSRP on average. Again, the most expensive 6900 XT actually goes for less than twice the MSRP on eBay, though of course quantities are more limited.

The data still has a strong correlation with Ethereum mining profitability. The good news is that mining profits may have dropped a bit during the past two weeks, despite increases in Ethereum and Bitcoin pricing. That's because the difficulty of mining Ethereum has increased as well. Ethereum's difficulty right now sits at 6847 TH, an 11% increase since March 31. The price went up 17% as well, however, so miners certainly aren't slowing down yet.

Nvidia continues to outsell AMD — on eBay at least — by a factor of around five to one. The RTX 3070 remains the most sold GPU, nearly double the next two closest options (3080 and 3060 Ti). Nvidia also has much higher average selling prices, with total sales nearly seven times higher than AMD's figure. Considering we're only looking at total sales in the $6.5 million range, however, this is obviously only a tiny fraction of all the AMD and Nvidia GPUs being sold. Nvidia for example claims $150 million in CMP sales for the past quarter, which equates to $25 million per two weeks.

In other words, while the eBay data is readily accessible, it's only a very small part of the total GPU market. Amazon, Newegg, and other retail outlets unfortunately don't provide easily accessible data, but likely have total sales of GPUs at least 10 times higher than eBay.

Weekly Summary: Mostly Flat

For the past month or so, GPU prices on eBay have been relatively flat. That suggests the market has reached equilibrium of some form, though that's not really accurate as there are still millions of gamers likely wanting a new GPU and unable to find one at a reasonable price. Nvidia also confirmed what we've been hearing elsewhere, stating that GPU shortages are likely to continue throughout 2021 and into 2022.

Give all the other chip shortages occuring, it's unlikely we'll see anything close to reasonable pricing any time soon. While the world's economy struggles to recover from everything that's happened in the last year, GPUs are only one small piece of the puzzle. Nvidia also mentioned that "Ampere Next" will be coming next year, which means we might see RTX 40-series GPUs before prices return to normal — and we shudder to think how much Nvidia might decide to charge for the first Hopper of its next-gen GPUs.