Funny how you large-scale seller that claims that CDs like funk upon a rhyme and uncle Sam's curse aren't rare wouldn't hesitate to describe it as rare on ebay, just an an example. I totally agree that the prices are unfairly high for many CDs, especially the ones that were released through major labels. But still, such CDs as the two mentioned above did not sell much when they were out in the first place and both Kokane and ATL are now established high quality names. The same thing about that K-dee CD that always sells for $50++ every week on ebay. But as long as the demand is there, more people will bid on the limited amounts available and push up the price.
But sincere, you're totally right about crappy records. Personally I have realized that 75% of the so called rare CDs are crappy. It's just because collectors like myself have this urge to "fill holes" that they sell for that much. It's the search for that one hella rare CD that is filled with nothing but dope tracks, which is a real "classic" and not necessarily described on ebay as "classic" (the only place where every record prior to 2002 is labelled "classic").
But still, considering high prices, you really can't say that an item on most occasions is priced too high because there is always a person is willing to pay a ridiculous amount of money for just that CD. that just means that someone else is willing to pay more than you. I guess that's everyday capitalism in full effect. I found myself in that position with that Grimm CD. I've been searching for that one since it was released in 94 and now it came to a point where I had to get it no matter what. I got it for almost twice than what is my normal limit, but it was worth it. I guess I'll regret it soon when the price for this Cd drops to below $40 LOL. And honestly sincere, I liked the CD, LOL. I love that H-town sound from back then, and this one was really like that. No offense. I guess our taste differs on that one.
A local example: Yesterday I tried to argue with a local used record store seller about the 2 Live Crew Move somethin' Cd released on Luke Records. He claimed that his price was 1/3 of what I'd have to give on ebay, plus shipping of $15, LOL. "Try to find that CD anywhere else". I should have given him that long list on amazon, starting on $5. I guess we just have to deal with the fact that even our local sellers have realised that old rap Cds can make a quick buck or two...