Apple iPad 2

eBay reported that resellers are making fortunes on listing Apple’s iPad 2 on the auction site because they set the selling prices as high as 53% above retail.

The company released stats this week that show the average selling price of a 16GB Wi-Fi iPad 2 since its launch three weeks ago has been $697, $198 over Apple's retail price. That represents a profit of 40%.

Meantime, the average auction price of the 64GB Wi-Fi model has reached $963, or 53% above retail, while the 64GB Wi-Fi/3G iPad 2 averaged $1,235, 49% higher than the list price of $829.