Like other collectible items, radios are subject to fads that artificially drive up prices. The Catalin craze offers a striking example. Currently, any radio with a Catalin cabinet may be valued at hundreds, if not thousands, of dollars over the price of a comparable Bakelite set. There are other, less extreme fads. Certain early transistors, for instance, command high prices in the right quarters.
Old radios come in a galaxy of styles, shapes, and sizes.
Some people make a living by restoring and reselling old radios. Again, it's pointless to get mad or call this gouging. Antique dealers are in business to make money, which they do by buying cheap and selling dear. Actually, there are. You can buy collector books that list values for thousands of radios.