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Supply and demand. They have not been produced for several years.
That processor was end of life'd about 4 years ago.
Intel has no control over its pricing anymore. Hoarders, or people stuck with excess stock, are getting what the market will bear. Apparently a buck fiddy is what the market still bears.
I also have a q9550 that I've been on the fence about selling. I'd love to keep it, but for $150 I might have to send it to a new home. Seems these core2quads still have a decent market.