I did it last month, showed up just before noon ... and there were six people ahead of me in line at that point.
For reference, I looted my ring at 8:28 PM that night, but this is definitely a YMMV (your mileage may vary) situation, as there is a huge random difference as to how long it will take between each AC. While I was waiting we got a rare "two ACs in a row" case ... but then we also got tons of placeholders in a row. To be safe, I'd recommend getting there earlier than I did, unless you are willing to play late.
P.S. It seemed mostly people who want it for themselves, but I'm sure some were re-selling. I don't consider them any "greedier" than anyone doing any other cash camp though.
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