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For a REALLY big group, like Beastie Boys or some such, I would say 4,000 is a good size "limited" edition.
As far as ebay goes, if the item is desirable, it's the buyers that push it into the stratosphere, not usually the seller. You can start something at $4.00 if you want to, and if people fight over it, it goes up.
I sold an LP (for my work, not one of my own) a couple of weeks ago for $1,000.00; we knew it was somewhat valuable and started at at $150, but it was the bidders that took the price into deep space.
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