EWOT 12/2

I recently bought a piece of audio equipment marked down to $150 from $650. It was only marked down due to a small dent. I was amazed that the marginal value of the equipment had moved so sharply because of a non-functional flaw in the product. For whatever reason, this culture and this economy deems the appearance or the concept of a "mint condition" so important. I ended up just wondering if the seller had seriously overadjusted the price to entice buyers, or if people really are that afraid of a dent and the price had to be that incredibly low to attract a reasonable amount of buyers.