Thanks for bumping this month-old thread and misleading people.
"I don't understand the scarcity of this item and why it was going for so much."
"Collector's" "limited" edition + holiday gift-giving season + artificial scarcity + lots of hype = high demand.
With Nintendo/LOZ's popularity, they could print Triforce-themed toilet paper and it'd sell like hotcakes.
"I saw plenty of these at all the major stores I went to"
Where do you live?
In the San Francisco Bay Area, every B&M store (Fry's, BBY, WMT, TRU, GME, etc. etc.) is 100% sold out. Saying things like this without specifying your location really doesn't help anyone.