This link was sent to one of my various mailing lists. It’s an amusing little story about a very expensive book and how the price on eBay got so out of hand:
A few weeks ago a postdoc in my lab logged on to Amazon to buy the lab an extra copy of Peter Lawrence’s The Making of a Fly — a classic work in developmental biology that we — and most other Drosophila developmental biologists — consult regularly. The book, published in 1992, is out of print. But Amazon listed 17 copies for sale: 15 used from $35.54, and 2 new from $1,730,045.91 (+$3.99 shipping).
I sent a screen capture to the author — who was appropriate amused and intrigued. But I doubt even he would argue the book is worth THAT much.
At first I thought it was a joke — a graduate student with too much time on their hands. But there were TWO new copies for sale, each be offered for well over a million dollars. And the two sellers seemed not only legit, but fairly big time (over 8,000 and 125,000 ratings in the last year respectively). The prices looked random — suggesting they were set by a computer. But how did they get so out of whack?
Amazingly, when I reloaded the page the next day, both priced had gone UP! Each was now nearly $2.8 million. And whereas previously the prices were $400,000 apart, they were now within $5,000 of each other. Now I was intrigued, and I started to follow the page incessantly. By the end of the day the higher priced copy had gone up again. This time to $3,536,675.57. And now a pattern was emerging.
