It's worth what people are willing to pay for it. If you are paying 3k+ for it because you're desperate you are driving the price up, it's that simple. It's a special case I know because the mob is so easy to keep locked down and it's kind of an essential utility spell, but if you refuse to overpay for it the price will go down. Or just wait until the next server reset/patch/whatever and someone else will have Ishva's timer.
Fwiw I got my spell for 1k a few months ago from TMO, who were much less interested in gouging spell buyers it seems.
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