PKM-25, I am not sure how you are arriving to this conclusion. KEH sold a EX+ 501CM Black with WL for 700 a few days back. A EX+ A12 back costs 215 (currently listed). And a EX+ 80 CB is 569$ (currently listed). That makes it just under 1500. Now, if this camera is coming from Italy, you need to factor in the following things:
1. Shipping
2. Customs
3. No idea if the camera is actually in a EX+ state since if not, return would be a very cumbersome and costly affair
4. KEH gives 6 month warranty and they make sure you are absolutely elated with your purchase. And lots of times, they entertain you even after 6 months.
5. One of the most important thing, KEH actually services the camera and lubricates all internal parts to make sure they work as good as a camera just coming out of the factory new. I would assume such a thing is absent with this camera.
You have to realise that 1500 is also contributed to due to the brand name which KEH had built over time which I suppose you would agree the original poster does not have. Please correct me if my assumption is wrong.
1200 is not a bad price.. won't you agree?