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Yeah but there are currently 0 items on sell right now, and the first BUY offer that comes up is 500$, what happens in that case?
You can see the most expensive items in descending order by visiting this page:
http://steamcommunity.com/market/search?q=#p1_price_desc
My faith in humanity suffered a severe blow just now.
As teh price of the USD fluctuates you can have variances where an order placed previously could exceed the theoretical $400 USD limit.
http://steamcommunity.com/market/listings/730/EMS%20Katowice%202014%20Legends