I read an article in one of the Etsy newsletters that talked about how quality consumers will assume that something too low in price Must be cheaply made. It made perfect sense to me and I started pricing my things accordingly. If this was Yardsellr where everyone seems to be looking for a bargain, lowering prices would make sense. But this site, far as I can see, will spend good money for a unique item that 'speaks' to them :)
Good luck!!!
Wans