For me, on my server. The only issue I have is that people are actually buying it at 50 million... and that's 50 million for each part, not the entire thing. That's what is sending off warning bells to me and makes me assume people are buying gil and that the gold sellers are pitching a tent.
I've received 34 gold selling pms in the last 3 hours and constant friend request to the point that I just really could not be bothered to decline it anymore.
But yous are right that its the community that sets the price, ..its SE that sets the level of rarity.
Its just sad to see that the only thing keeping crafters afloat is glamour items.. ¬¬


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