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jeff syes, they are high. I'm not sure how their costs work out, but I have to imagine that they are using eBay auctions for publicity/list-building. When I did once buy something (a t3 keeler for $100) I was immediately placed on their mailing list (which I hadn't been on for a couple of years).
KY operates a retail business, and his eBay minimums are usually exactly what his retail prices are in the catalog.
However, he does often lower prices after they don't meet minimum a couple of times. I believe the Keeler I bought had started at a retail of $250, been offered on eBay at $200 or $150, and then offered at $100.
And, I gather that he will work with you on price if you drop him an e-mail. (I haven't tried it.)
It's also worth noting that they do sell a decent (though not large) percentage of what they offer -- it's just pre-war that they WAY overprice. Last time I did a seller search there were ~500 auctions going, at least 100 of which had a bid.