The AH is full of over priced bs. It is not a reflection of current market prices. For example, I can put a gray item in the ah for 100,000,000 gold. Does that make all gray items worth that much? The ring is only worth what someone is willing to pay for it. If you do not feel the offer is good enough, then please put a minimum bid amount up so people know what to expect.
S/B: 500k
BIN: 2.5 Mil
http://www.diablofans.com/topic/56759-wts-rare-boots-76-str-153-int-64-ar-and-12-movement-speed/
S/B: 1 Million gold or $20 rmah.
BiN: 20 Million gold or $200 rmah.