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I have bought over 100 items on eBay the most expensive was about $650 and I have never had a problem. The thing that I have noticed over the last few years is that many items are over priced. Dozens of times I have seen auctions where with 1 or 2 clicks you can find it on Amazon etc.. cheaper. Some/many people get exited with the auction format and pay too much.
A fellow I worked with and some friends of his used to salt bids for each other on audio equipment. Toward the end of auctions they would bid on each others items to try and get the price up. You have to be careful and not get caught up in any fake bidding wars. I'm not sure if eBay really cares that much, they more the item goes for the more money they make depending on the type of auction it is.
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