$9,500 luggage rack

That`s Frank Mitchell and I`ve dealt with him before. He asked a fair price for a fair product when I bought from him and he generally knows what the market will bear on his rare items. The thing I don`t understand is how does someone come to a price when selling something like that? It`s not as if you can research the last dozen that sold because they just don`t exist. Do you arbitrarily put a high price on it and see if anyone bites?