Well, with the relatively recent posting (by Floyd of Lichess) in October, 2009, it brought this interesting question back into the limelight. With the many months (Feb 2009) that have gone by, I wonder if it might not be a topic to discuss again. I will try to make another stab at answering the general question posed at the heading of this tread... (Of course, some of the reasons have already been mentioned in relatively remote past postings.)
I think a variety of factors enter the picture:
1.) The world economy.
2.) The technical / official ebay ban of ivory (assuming it is described as ivory by the seller).
3.) Alternate means of buying chess sets. Examples: Bonhams and other auction houses and auctions, Antique shops, "Chess Fairs" (CCI), private sales, Chess websites, (example: the eosef website a great potential source of chess sets and where the prices are reportedly negotiable. "Ogdir" sometimes has posted some of those sets via eBay). And of course there are Flea Markets (where I relatively recently made a good find).
4.) Saturation of the market with a huge variety of sets and collectors might be a little overwhelmed?
5.) A dwindling supply of available "quality" chess sets in the world. (though I have truly believe that there are STILL a number of unique and/or high quality/antique chess sets residing in Grandma's closet...)
6.) Buyers are becoming more educated, savvy, and selective.
7.) The "newness" and excitement of eBay is long gone. Also, things go in cycles...
Any other thoughts? I think that this is a good question worthy of further discussion...
John, Vermont.