I think the starting price of $275 is fair especially since I threw in free shipping. How I came to that price is due to me combining the cheapest priced (functional) Vita on eBay with the cheapest 32gb memory card on eBay.
http://cgi.ebay.com/ws/eBayISAPI.dll?ViewItem&item=281140851733
http://cgi.ebay.com/ws/eBayISAPI.dll?ViewItem&item=281140851733