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I have seen this with a lot of recent items. It's completely normal that item prices drop during the first 1-2 days, and then settle on the real value. However, for example the new wings or also the tails in Abaddon. I put my wings at 14m, now, if you wanna undercut me, it would be fine to put it at 13m or 13.5m, but the next person put their wings at 3.5m. Also, different wings which I put on AH for 7m, were then put for 250k. I mean, you are killing the market for yourself as well. Why are people doing this? This is not how economy works. This means selling items that did cost real money for practically nothing. And once it sold for 250k because of some desperate crazy person, it will be almost impossible to rise the value again.
Now, there might be people saying "but wings shouldn't cost this much and Abaddon was overplayed!", but my common sense tells me that if there's a tail sitting on AH for 30m, as the only tail of its kind, you do not put yours for 5m, unless you wanna shoot yourself in the foot.