Seen this a few times where an item will be massively over priced,
http://www.ebay.co.uk/itm/2-x-CREE-LED-Mountain-Bike-Bicycle-Head-Front-Lamp-Torch-5-LED-Rear-Flash-Light-/170776885703?pt=UK_SportsLeisure_Cycling_Bike_Lights&hash=item27c31879c7

If you look at the sold items list you will see the actual price WTF

Doesn’t this mean it will be far less likely that this company will sell any lights?

Looks like the price is £16.90 so probably just a typo

Maybe but a lot of other listing from this seller are also well over priced?

People hike the price up when they run out of stock so no-one buys them.

If you pull an ebay listing when out of stock, it drops out of your account.

This way when new stock comes in they just adjust the price ratehr than recreate the whole listing from scratch.

That makes sense