It is thoughtless pricing by the seller, yes, but not as blameworthy as the sourpuss who saw this post and put in a bid to spoil the find within seconds.
It is all just a game.
As someone who has bought and sold hundreds of items at many different categories and price ranges and formats, I have gained a very good understanding of how to buy and sell to my own advantage.
Short-circuiting a Buy-It-Now with a low start and too-high BIN is a good way to get a bargain, but only if no one else sees it or becomes interested. In any case, do it at the end and not the beginning.
That is advice to the buyer. In this case, someone has probably given the seller a higher final price, but it will take him a week longer to see the money.
As always: if you are a seller, choose auction or fixed price, but not both, and set the price at a high reasonable price that will sell.
