I sold my 32 gig for $550 a few weeks ago and was just curious at current market price for iPads. Just so happened that the seller had just posted moments earlier, and was around the corner from me. By the time I got there he had already had 10 more calls meaning he was definitely under market. Not bad for $225 this one will go to my parents in a few months. Good luck to all 700 people asking $400 for your 16 gigs.