Scalpers after a big payday have taken to shilling their not-yet-in-hand Apple Watches on eBay, with some pricing the wearable at huge markups.

Apple’s new practice of selling the Watch only online may have stopped customers from queuing outside its retail stores, but it didn’t end profiteering.

apple watch on ebay eBay screenshot

$5,000 for an Apple Watch that’s not made from 18K gold? Crazy. But that’s the “Buy It Now” price of one stainless steel-case model on eBay.

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