iPod Mini Prices Skyrocket to Over $400 on eBay

The trickle of new iPod minis to market with high demand is leading to incredibly high prices on the gray market. A pink one went for $400 last night on eBay. Several went for over $500 in the past couple of weeks with many selling for over $400. Pink has been a hot color for gifts--our West Coast reporter, Brian Nakamoto, related to us his observation of a guy who bought 8 for gifts. So much for the pundits who thought the iPod mini was overpriced at $249.