This is starting to become a problem. It's happening to the new Nvidia GPUs, and the new AMD CPUs, and it will probably happen to the new Radeons later this month. At this point it will probably be impossible to purchase any of these products at retail before January.
I'm not sure what Nvidia, AMD, and their retailers can do about this situation, but it's pretty bad.
This aligns with reports of retailer inventory, where availability of high end models was extremely limited, but there were many more of the mid-tier models.
I could easily have seen the bidding wars on the first supply of 3000 series GPUs having people buying them for $1500+ easily with the 3070 selling for $1k at least.
Also, most of the high bidding on the 3000 series were anti-scalper bots putting in bids they had no intention of honoring.
For the real high-value users they have completely different products for sale to capture that margin at even higher prices (Epyc, Tesla).