Because you get what you pay for. Really.
There is no brand on this oboe but they sell for $500 new on Ebay. They are made in China of a compound consisting of ebony dust and bakelite. (They do a good job of making it look like wood.) This one is a few years old but still looks like new. Everything works and the pads are in good condition. It has a nice leatherette case with a velour inside cover and even a carry bag for the case. Included is a new instruction book with CDs, a brand new Woodwind Artist model reed (in addition to the reed that I got with it), and the cork grease. $200 and I’ll pay for the shipping (U.S. only).
This would make a really nice lamp or, as my husband suggested, a light saber. It will not make a good oboe. I promise.