I am a first time seller, why do I have a selling limit that is far below the value of the item I want to list

I have a rare Item to sell, I have completed my listing but when I submit I am told I have a selling limit that is way below the value of the item I want to sell.

Why does this happen and can I get the limit increased to a suitable level.

This is the first time I have listed an item to sell and have no history.

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