Most-wanted holiday toys being resold at major markups because of cyberscalping Grinch bots

Some of this holiday season’s hottest toys are out of stock but being resold online for thousands of dollars above list price because of so-called Grinch bots.

The same cyberscalping technique that can make it hard for consumers to find tickets to concerts and sporting events is now being deployed to buy popular holiday toys. Sophisticated computer programs — or bots — are used to make mass purchases online.

In one of the more extreme cases of cyberscalping, a Nintendo Super NES Classic Edition Mini Console that normally sells for nearly $80 is being resold online for $13,000.

PHOTO: The Super NES Classic Edition system is pictured in this undated photo.Nintendo
The Super NES Classic Edition system is pictured in this undated photo.

In another example, a Barbie Hello DreamHouse that sells for $299

Read More at: http://abcnews.go.com/Lifestyle/wanted-holiday-toys-resold-major-markups-cyberscalping-grinch/story?id=51584333

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