On Gunbroker, there is an early 1950s Chiefs Special Airweight some schmuck has been trying to sell for about a year. It is well worn, has the aluminum cylinder (only about 3,000 made with aluminum cylinders), making it an early and rare variation. The finish is about a third gone, grips match but are worn pretty good. When I first noticed it that long ago, I called the FFL/Seller and I offered him $400 for it, being such an early Airweight even though it's not a clean gun. He turned me down. He's waiting for a sucker to come along and it costs him nothing to keep relisting this gun. If he had to pay listing fees he would probably be smart enough to list this gun at a reasonable price, but there is no incentive for him or some of these other jokers to do that.
To put this gun in perspective, there are about 120,000 members at the S&W Forum. By now I'd be willing to bet all of the S&W collectors who collect J frames have seen this gun. Nobody thinks it is worth his $500! That tells you something.
I see it relisted every week. If it was a pristine example it would have been sold at his $500 asking price by now. Keep in mind this is not a safe gun to shoot because of the aluminum cylinder. In v.g. or better condition, this gun would have sold even though you shouldn't shoot them, by a collector. But, not at that price and in that condition.
I thought of recontacting him recently, but decided it wasn't worth my time and I wouldn't consider budging above the price I offered him originally.
Judge Colt is correct when he tells you that Gunbroker is still about the best auction site on the internet. I read recently that they are considering charging listing fees to the sellers. I think it's a good idea. Maybe it will keep some of the overpriced guns off of their site. I have been both a buyer and a seller on Gunbroker, so I think I have a valid opinion.