Selling legendary items, yes or no?

This is a kind of "addendum" to a previous post. Everyone -me included- is very excited about the idea of gathering some (real) coins while playing our favorite game. Many people are already speculating about how much, when and where you can earn huge amounts of money by playing on the auction house. Speculations aside, we still need to have a clear idea about fees.

In case you still did not know, selling stuff on the AH for real money will trigger some annoying taxes in favor of both Blizzard and Paypal:

1. Auction post flat fee (by Blizzard)
2. Item sold flat fee (by Blizzard)
3. Blizzard cash-out flat fee (by Blizzard, to transfer the money to PayPal)
4. PayPal cash-in percent fee (by PayPal, to accept the money on your account).

There is a 5th transfer (PayPal to bank account) but -incredibly- it will be free. Yay! The most annoying part of this pay-per-sell process is that you will get taxed "per transaction", be it a single item or a complete stack. It's still unclear if we can sell pre-packed items (1 armor + 1 weapon + 10 potions) but I guess it's just a personal dream. Unless Blizzard decides to charge us few cents, no one will be selling low-priced items: too risky and not profitable at all.

Back to topic. Let's say you finally find this legendary double-axe that you were farming for weeks. Not only is "very rare" but you were super-lucky and it also features the best possible random stats. Your Barbarian is finally "complete", because that's all you needed to feel "uber" and vanquish even the hardest boss of the game (in the hardest possible mode). You obviously can't sell it, because it's so rare and so good that it wouldn't be worth 1000$...

...Then you casually decide to check the auction house and find that a similar item goes for 800/1100$. Now that's a real tricky situation: will you keep the item, because it's so rare that you could never find another one with perfect stats... or will you just hurry up and try to sell it for 800-1000$?

I personally don't have any doubt: I would instantly try to sell it on the Auction House. Real money transfer between players will not be allowed (for obvious reasons) so -if anything- I could only earn gold (virtual money). I think I would sell it even if the medium price was in the 50-100$ range, to be honest.

I guess that items with "perfect stats" will sell for insane numbers in the first months. Yes, there will be a lot of players on the same server but that means more demand and more offer, selling stuff wont be a real problem. I also think that being 99% PvE, this game will almost completely kill the sense of competition between players. That's good and bad: good because we can finally avoid griefers, morons and annoying people, bad because expensive stuff will be purchased by maniacs/collectionists only (the minority). So, in the end, we will lose all those players who want to be competitive and reach the top ranks (because... there are no PvP ranks at all) and need "the best of the best" to deal more damage and climb the ladder (again... no ladder in Diablo III).

If Blizzard really plans to add some decent PvP to Diablo III, legendaries will suddenly become a "must have" for every serious player. I can already see someone spending 1000$ on that double axe just because it could add +1% to the overall DPS...