CCIR Compute Credit Index Research
Saturday, July 18, 2026
PIPELINE · BY 07:30 ET

The Secondary Market

What GPUs are listed at — and execute at — over time.

Compute credit is moving from offtake-backed toward asset-based. Offtake underwriting prices the contract; asset-based underwriting prices the machine — and pricing the machine requires a neutral record of what machines sell for and are offered at. This page is that record being built: executed sales and posted asks, kept in separate lanes and never blended, every figure carrying its count, its window, and its provenance. CCIR publishes no residual value opinions. The record is the product.

§ The record from here

From July 2026 forward the record is collected directly: executed sales captured weekly; posted asks captured on a daily and weekly cadence across an official marketplace API and a dealer cohort; every capture archived at collection time under the same provenance rules. What accumulates is the series the parties to a facility can size against — executed medians as recovery evidence, the ask panel as replacement cost and market depth between sales, and the spread between the two lanes as an observed liquidity haircut. Today, credit documents overwhelmingly amortize GPU collateral to zero — not because the hardware is worthless, but because no reference existed. As the record deepens, lenders and borrowers get the same neutral data points to size against.

Contribute to the record. If you buy, sell, broker, finance, or insure this hardware and hold executed price records — dealer sales, disposal and auction results, broker quotes, portfolio liquidations — CCIR accepts contributed data under the evidence-grading and provenance rules that govern every row on this page. Contributions are held source-confidential and enter published statistics only in aggregate, with their evidence grade disclosed.

Underwriting against GPU collateral? If you need a series observed — a model, a venue, a spread — get in touch.

§ Available today

The reconstruction below is the runway; the collected panel is the tape. Three years of executed sales (July 2023 – July 2026; 3,564 sold listings, 15,155 units, $28.9M documented) beside the asks posted today across an official marketplace API and a named dealer cohort — the rental market prices an hour of compute; this page prices the machine itself.

The tape today · executed vs posted ask
$200 $1k $5k $20k log scale H200 141GB ('24) H200 141GB — executed median, trailing 90d: $22,500 (n=7 sold listings) H200 141GB — posted ask median, current: $36,499 (n=46 asks) 1.6× H100 NVL 94GB ('23) H100 NVL 94GB — executed median, trailing 90d: $26,250 (n=6 sold listings) H100 NVL 94GB — posted ask median, current: $35,265 (n=24 asks) 1.3× L40S 48GB ('23) L40S 48GB — executed median, trailing 90d: $6,795 (n=10 sold listings) L40S 48GB — posted ask median, current: $9,247 (n=62 asks) 1.4× H100 80GB PCIe ('22) H100 80GB PCIe — posted ask median, current: $32,741 (n=17 asks) H100 80GB SXM5 ('22) H100 80GB SXM5 — executed median, trailing 90d: $11,500 (n=13 sold listings) H100 80GB SXM5 — posted ask median, current: $22,500 (n=18 asks) 2.0× A100 80GB PCIe ('21) A100 80GB PCIe — posted ask median, current: $20,899 (n=36 asks) RTX A6000 48GB ('20) RTX A6000 48GB — executed median, trailing 90d: $3,700 (n=90 sold listings) RTX A6000 48GB — posted ask median, current: $4,895 (n=99 asks) 1.3× A100 80GB SXM4 ('20) A100 80GB SXM4 — executed median, trailing 90d: $5,529 (n=7 sold listings) A100 80GB SXM4 — posted ask median, current: $10,888 (n=32 asks) 2.0× A100 40GB ('20) A100 40GB — executed median, trailing 90d: $4,069 (n=26 sold listings) A100 40GB — posted ask median, current: $5,219 (n=82 asks) 1.3× V100 32GB ('18) V100 32GB — executed median, trailing 90d: $672 (n=139 sold listings) V100 32GB — posted ask median, current: $808 (n=239 asks) 1.2× V100 16GB ('17) V100 16GB — executed median, trailing 90d: $250 (n=96 sold listings) V100 16GB — posted ask median, current: $350 (n=261 asks) 1.4×
executed median, trailing 90d posted ask median, current (multi-source) n× = ask over executed — the posted premium
Chart notes

Per-GPU prices, log scale, as of 2026-07-14. Executed dots require ≥3 sold listings in the window (models without one show ask only). The gap between dots is the posted premium; it narrows as a model commoditizes — ~2× on H100, ~1.2× on V100.

Price over the executed record · % of launch basis · Jul 2023 – Jul 2026
20% 30% 50% 100% 202420252026 H100 80GB SXM5 — posted ask median, current: $22,500 (n=18 asks) ask H100 80GB SXM5 ('22)
50% 100% 202420252026 RTX A6000 48GB — posted ask median, current: $4,895 (n=99 asks) ask RTX A6000 48GB ('20)
20% 30% 202420252026 A100 40GB — posted ask median, current: $5,219 (n=82 asks) ask A100 40GB ('20)
2% 3% 5% 10% 202420252026 V100 32GB — posted ask median, current: $808 (n=239 asks) ask V100 32GB ('18)
1% 2% 3% 5% 202420252026 V100 16GB — posted ask median, current: $350 (n=261 asks) ask V100 16GB ('17)
executed sales record (solid) posted ask median, current (multi-source)
202420252026 units sold / month · peak 1,313
Chart notes

One panel per model with a locked launch-price basis; x = the executed record's calendar window, July 2023 – July 2026, shared across panels; y = percent of the evidence-graded launch basis, log scale fitted per panel to that chip's own range — panels are not directly overlayable by eye; the table carries the comparable levels (bases: V100 $18,625 [A] · A100 $24,875 [A] · H100 $33,600 [B] · RTX A6000 $4,650 [B] — system-price, teardown, and announced-price bases; NVIDIA publishes no datacenter MSRP). The line is the executed sales record, 3-month rolling median of sold listings — every point sourced sales; thin months can move on few sales (the early-2025 H100 notch is a single month's 7-unit quantity liquidation, not a market level). The open circle at each panel's right edge marks the CURRENT posted-ask median (multi-source; the ladder above carries the levels and counts). Asks lead and overstate executed prices — roughly 1.2–2× — and the lanes are never blended. Archived ask history and dated contemporary reports are collected and retained in the dataset but not charted: sticky catalog prices and carried-forward quotes describe dealer posture, not the market's path. Executed levels before mid-2023 are not observed. Bars below: units sold per month across the executed record, calendar time. Models with thin or young records (H200, H100 NVL, A100 80GB) and L40S are tracked in the table but not paneled — a rolling median through one-listing months would whipsaw, and no L40S launch basis meets the evidence bar.

Generations overlaid · executed only · % of launch vs age
1% 2% 5% 10% 20% 50% 0y1y2y3y4y5y6y7y8y9y % of launch basis · log scale · age since GA V100 16GB ('17) V100 32GB ('18) A100 40GB ('20) H100 80GB SXM5 ('22)
Chart notes

The comparison view: executed 3-month rolling medians only (no ask lanes), every generation on one age axis and one shared log scale, so a newer chip's position can be read against an older chip's history at the same age. Bases as in the panels above. Each curve covers only the ages the executed record observes (from Jul 2023). The generations do not collapse onto one aging curve: that is the finding, not a defect.

Model Intro Age Executed median (90d) n Posted ask median n · src Ask / executed % of launch 3-yr units 3-yr $ volume
H200 141GB 2024 2.3y $22,500 7 $36,499 46 · 2 1.62× 71.4% [C] 25 $0.64M
H100 NVL 94GB 2023 2.8y $26,250 6 $35,265 24 · 2 1.34× 78.1% [B] 34 $0.88M
L40S 48GB 2023 2.9y $6,795 10 $9,247 62 · 2 1.36× — 95 $0.68M
H100 80GB SXM5 2022 3.8y $11,500 13 $22,500 18 · 1 1.96× 34.2% [B] 97 $1.12M
H100 80GB PCIe 2022 3.8y — 0 $32,741 17 · 1 — — 43 $1.76M
A100 80GB PCIe 2021 5.1y — 1 $20,899 36 · 2 — — 47 $0.88M
RTX A6000 48GB 2020 5.6y $3,700 90 $4,895 99 · 1 1.32× 79.6% [B] 1,906 $7.25M
A100 80GB SXM4 2020 5.7y $5,529 7 $10,888 32 · 3 1.97× 22.2% 112 $1.15M
A100 40GB 2020 6.2y $4,069 26 $5,219 82 · 2 1.28× 16.4% 1,038 $6.92M
V100 32GB 2018 8.3y $672 139 $808 239 · 3 1.20× 3.6% 3,654 $2.80M
V100 16GB 2017 8.8y $250 96 $350 261 · 3 1.40× 1.3% 3,687 $1.14M
Table notes

Executed = median sale price across sold listings, trailing 90 days; cells with fewer than 3 sold listings show a dash. Posted ask = median current single-GPU ask across an official marketplace API and dealer catalogs in the US and UK (source count shown per row; named, with currency and VAT treatment, in Method). Hopper-class dealer pages are largely quote-gated, which is why source counts vary by model. Asks are opening prices, never pooled with executed; ask/executed is the posted premium — it narrows as a model commoditizes. % of launch uses the evidence-graded basis in Method ([B]/[C] = non-vendor basis). 3-yr volume counts all hardware forms of the model (cards, lots, servers); accessories and mislabeled items excluded and tallied. Intro = general availability; age as of 2026-07-14.

§ Method

Executed record. Dated, human-captured snapshots of the eBay sold-listing research record (Seller Hub product research), July 2023 – July 2026: 3,564 sold listings, 15,155 units, $28.9M. Every row carries listing title, average sale price, sale count, dollar volume, format, and date last sold; every capture is archived. Rows are classified by title into single cards, multi-unit lots, servers, bare baseboards, converted cards (e.g. SXM-to-PCIe conversions — tracked, never banded), accessories, and mislabeled SKUs (V100S, L40, H100i and kin — excluded and tallied). Of the full record, 11,388 units and $26.0M are hardware of the models tracked here — the figures this page reports; the remainder is the excluded tally. Multi-sale listings count once at their average price; their sale history carries a date-last-sold only, so month assignment for those listings is approximate. Chart lines are 3-month rolling medians across sold listings, drawn solid throughout — every point is sourced sales; per-month listing counts ship in the series CSV, and thin months can move on few sales.

Posted asks. Current single-GPU asks from the eBay Browse API (official, keyed) and dealer catalogs collected under each source's terms: IT Creations and UnixSurplus (USD), Bargain Hardware and ETB Technologies (GBP, ex-VAT basis, converted at the ECB reference rate of the observation date — 1.3384 as of 2026-07-14). Additional dealers are tracked quote-gated (presence, no price). Collected sources are named; data contributed through the channel below is held source-confidential with its evidence grade disclosed. Asks are a stock of open offers — they lead and overstate executed prices and are shown only beside them, never blended.

For credit and valuation work. Lenders writing advance rates against GPU collateral, rating agencies testing value-retention and useful-life assumptions, insurers underwriting residual value, and borrowers negotiating either side of those terms all face the same gap: no citable, neutral record of what datacenter hardware actually sells for. Today, credit documents overwhelmingly amortize GPU collateral to zero — not because the hardware is worthless, but because no reference existed. This page is the record: observed secondary-market prices with provenance — executed levels, posted asks, volumes, and the spread between them — the raw inputs from which recovery evidence, depreciation assumptions, or residual analyses can be independently derived by the parties who own those judgments.

The record from here. The history above is reconstructed from dated captures and archives; it ends where the archives end. Collection terms, cadence, and the contribution lane are at the top of this page.

What this is not. CCIR publishes observed secondary-market prices with provenance. It does not publish residual value opinions, forecasts, or depreciation schedules, and no figure on this page is one. Statistics follow the methodology's stat policy: medians shown with n on every cell; thin cells gated; windows labeled on every display.