puzzled

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Been checking out the prices of front lights, to supplement or even replace my older Cateye. It seems that the auction site on E bay are selling the Cateye EL 530 at around the £24 +P&P. Yet you can buy off a dealer for between £19 and £50. What am I not seeing here, how come the difference and is the EL 530 any good? The same apply's to the Cree very big price variation for the same light. One final question. Which is the better light the Cree 3X or the Cateye EL530?
 
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