Price of used Android Phones Ebay

I can't believe the prices used phones are going for on ebay a two year old Samsung Note3 for an example they are going between $250-$400! Seems insane to me when you look at the life span of these devices like all computers they don't last forever you might get a year or two if your lucky. To my mind a two year old phone like a Note3, LG G2, Xperia Z2 in good nick is worth $200 max. What are your thoughts on secondhand prices??

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