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LOL. +1
Don't worry about the butt hurt ghouls that haunt this thread. The game is fine.
You choose the wrong Game.
I can list my house for a billion dollars. That doesn't mean it will sell. If someone has the gold and wants the item they will pay it. There are plenty of rich players in the game who have gold to spend and little to buy.
Every MMO has people overpricing things when possible. Hell I made a killing buying up all of certain gems in WOW and doubling the price by creating artificial rarity. Does that mean the game was broken? Nope in fact playing the market speculation mini game was a huge part of the overall game. In NW there aren't a hundred people selling the exact same item which can skew the value. Since we don't know what the item was or the real value it's hard to judge. Maybe it has BiS stats which unfortunately carry a gigher value than your standard run of the mill trash drop. However not everyone understands how things are priced in NW and what BiS even means or how it can change with FOTM builds from patch to patch.