Item to watch for: Ralph Lauren

Ok so I am surprised at this one. I always watch for RL items as they are ridiculously expensive to begin with so they usually have a good eBay resale value. If I saw this item at a yard sale I would have bought it were it just a couple of bucks and clean. I would never have guessed it would have been worth anywhere near what this item sold for! I guess the seller knew, as it appears to be a BIN item rather than an auction. $1200 for a used ball cap? This is an item I would have likely have started at .99 then I would have fainted as the bids came rolling in. Link to completed auction.