Yes but that really applies to so many things nowadays. Homes, cars, trucks, all sorts of "collectibles", and so on.
House hunting (or just looking) you find plenty of properties that seem over priced to your eyes; "It will never sell at that price...". You make a lower offer and seller says "no", so you on. Sometimes the house doesn't sell, but then again it does and not just at price you didn't pay, but higher.