Having had a few days off work I decided to see if I could upgrade some of my gear courtesy of ebay. Having bid for quite a few items without a result I've noticed:
1. Nearly all the items went for a price well above their secondhand value, in fact they were all available cheaper in various classified ads.
2. A lot of secondhand items went for 80-90% of their new price. (online discount stores)
3. A lot of "as new" or "unused" items actually went for MORE than their new price! (online discount stores)
Could it be that the "fun" of bidding and the idea that you "win" an item, makes people pay more than they should?