Why is there such a high demand for these? Not only is my chat box being spammed with 20% Axe Enchant requests, but I also see sellers asking for 180k.
You might of heard of the SoA axe (Scavenger's of Old Ascalon, a quest). You get the axe for completing the quest (from Warmaster Tydus). It only does 6-16 damage (or something around there), but there's some kind of glitch with it. You can apply two grips (Hence the demand for enchantment grips), and a haft.
So people are applying two 20% grips (for a total of 40% longer enchantments), to this axe. The axe with two grips is going for like 250k and up. It's used mostly for solo monks.
It's insanity.
The reason they're so costly is because the axe will probably get hit with the nerf gun very soon.