Yeah, everyone is riding the hype trying to sell stuff for the max $250 right now. Prices are already starting to drop cause the ppl out there who would actually spend that much on in game items is very, very small.
Thus, the prices in the regular gold AH are starting to fall drastically. I just hit 60 and I purchased two one-handed swords, pants, belt, chest and gloves and only spent 100K. Few days ago that same gear would have run me 3 mil easily. I've had a two-handed legendary sword in the AH for the past 3 days first putting it up for what I saw it was going for in the AH and no buyers. Lowered the buyout and I'll probably have to lower it again. It's a decent two-hander and I'll be lucky to get 50K from it. Just a few days ago they were going for 1 mil all day long. The top end gear will still command the higher prices, but the days of 1-5 BILLION gold for stuff is now behind us.
S.