I'm not sure where i'm going in this post, so bear me out.
evidence of original intent of the sale: Grado didn't make a special head fi headphone to be the best and such... their intention was to test out the idea of a mixed wood/plastic headphone. they priced it at 200 dollars noticing that a large percentage of headfiers were college students or younger...wanted to make it something everyone could afford. TTVJ actually stated that ebay sales are likely to mess up the prospects of such a thing ever happening again.
once they started selling they became popular as people realized the unique sound they had was different from the rest of the SR series headphones. the number incresed to meet the new demand from 250 to 450 of these headphones. when demand got too high, towards the end of november they stopped at 450. shortly there after people started selling them for 417, then 420, then 410, then 250, and such. this is when the original threads about profiteering came up, and various threads about the "community" aspect about head-fi started poping up. original posts suggested that the reason why people never jumped on them when they first came out was that they waited to see the results of the first buyers-so a risk/reward thing might be at play. There is also an assumption of unlimited supply the first month-from what i have read (search), there wasn't but it was stopped after a certain point.
my story, as said before: newer headfiers like me never had a chance for the 200 dollar headphone so i've never thought of it as such. when the extra 20 came out, the idea wasn't so much a 200 dollar headphone for head-fi but one amazing headphone that is worth alot more than it is selling for; maybe my own perspective was tilted towards trying to get it after i heard it at the meet... and i know alot of hype went around it to the point where people are willing to pay maybe a bit too much for it?
nevertheless, all this culminated in less than 1 second...the fact that people are aware they could get a recabled HD650, maybe even a used RS-1 for it made the risk seem so little than even uninterested buyers wanted it.
Speculation- this is hard to figure out since we are never sure of the circumstances surrounding each transaction. the price would certainly encourage it... but is this bad? the basic idea about the "market" that i would love to defend is meant to make the good to be worth exactly what it is worth... to encourage efficentcy; that is the point. what it is worth; depending on it's sound and rarity is hard to know... if one buyer knows exactly how it sounds and has an idea of how hard it is to get bids against a person who is buys it in order that they might profit from it (maybe 600 dollars in a year?) the speculator would almost certainly win. the question now is, is this a bubble?
Head-fi doesn't have an SEC to figure this out... all we have are members of this board who see what is going on... Thus i encourage discussion on this.. i don't think this thread is bad, the product needs to be talked aboud and if we see something not right with the prices of these things we should bring it up...if only to let people know suspicions and all information involved on the sale and purchase of the HF-1.