There is nothing strange about this. EBay is a sellers' market, not a buyers'. Think of it this way: a seller typically only has one item to sell, and there are hordes of buyers out there. It only takes a single dumb buyer to overbid the item. And there are hordes of them out there! This is the same principle that the online scammers base their mass mailing technique on.
In the early days of eBay or the even older days of buy/sell newsgroups, good deals could be found. But now it is almost impossible to find a good deal on eBay, especially for the hot items extensively reviewed online. Consumer education at its best?
Ultimately, eBay is the one laughing to the bank.
I drop by Mike Johnston's blog page periodically to see what he's been up to, and there was an article there that caught me as funny. The first part of it is here:
"Strange Doings on eBay
I've just watched the ending to a most strange eBay auction. A used field view camera in like-new condition sold for $1,225. The strange thing about it was, the exact same camera brand new (that is, actually new, as opposed to like new) is available any time for $695.
Why would anybody want to pay $1,225 for a camera they could get for $695? Are they not yet initiated into the mysteries of that strange web function known as "Google"? Or is it just worth that much of a premium to them to "shop victoriously"?
This is hardly the only such example on eBay. I used to be mystified that used Ilford EM-10 enlarging meters would go for more on eBay than they cost new at B&H photo. And just a few days ago I watched a photography book sell for $49 after some fairly intense bidding—which is strange, since a quick search of both Abebooks and Alibris turned up perfectly fine overstock copies of the same book selling for $6 plus a few bucks postage (yes, I did check to see that there wasn't some minor but key difference that could account for the disparity. There wasn't. Same book, same edition, same condition)..."
The full article is here:http://theonlinephotographer.typepad.com/t...ge-doings-.html