People are, thankfully, free to spend their money on whatever they want.
I buy records that I want and never pay more than I am willing to.
I used to go to the US several times a year buying records and bought tons of stuff at next to nowt. Many duplicates etc which I have now started selling at a healthy profit, so I now buy out of those profits mostly.
To be honest though, I didn't actually read the description on this one or I wouldn't have bid. I'm so happy I was outbid