On the other side of the coin is when pricing is suspiciously low. Supposedly this true story appeared in a "Reader's Digest" issue a few years ago. I may have some of the minor details wrong, but the gist of the story is correct. You'll get the point.
A man wanted to buy a specific very expensive Porsche and looked in his local newspaper's classified section. There was the highly desirable sporty Porsche he wanted offered for only $100. It was described as in good condition with low mileage and only two years old. Original cost was almost $80,000. Thinking the paper must have misprinted the selling price, he called the number and talked to a young woman. Was that a misprint or was the price really $100. No, it wasn't a misprint and yes, the price was $100. After establishing that the car was not wrecked and had a clear title, he rushed over to the address she gave him. There in the driveway was the car of his dreams in perfect condition with a for sale sign on the windshield. After looking it over, he took it for a test drive with the woman and being satisfied it drove well and that the title was in order, he paid the woman her $100 selling price. He commented that she must have been deluged with prospective buyers calling her about the car. She said no. He was the only caller. Then he said now that the deal was finalized, he just had to know why the selling price was so low. The woman said her husband had taken off for South America with his secretary and wired her that he needed money to live on. He asked her to sell the almost-new Porsche and send him half of what she got for it. So, she was going to send him half of the $100 selling price for his girlfriend and him to live on - $50.
The morale of the story here is: There might be more behind a low or high selling price than meets the eye.
I have a similar story about a Model A purchase. But I'll save that for another time.
Marshall