The market has died off so much that it's really hard to tell what things are worth. I recently bought a set of all 3 draft packs for $164 (US), which come with 2 copies of each card, so at most 1 complete set was worth $82 (assuming that I only care about the Expanded Middle Earth cards, and don't want any of the bloodlines packs).
It seems like a few more EME draft packs have been showing up online in the last year or two; prior to that I almost never saw any, so the price might have been higher then.
Due to the slow market, it's important to remember that cards are worth what someone will pay for them. Yes, there are overpriced sites out there, but if no one's buying at that price, it doesn't mean much.