if you really sit down and think about it, most knives these days are massively overpriced in relation to other classes of market goods. and i dont just mean limited editions/customs, but production knives like benchmade, spydercos, buck striders, CRKTs, etc. for example, if you think it costs benchmade anywhere near $150 to produce your balisong you are in for a shock. id be suprised if it costs them more than $10 to produce.
but kives - customs and limited runs especially - are a collectable item and therefore they sell for more money.
do you honestly think that beanie babies are worth hundreds, or even thousands of dollars? yet they sell for that much all the time. same idea, although by no means am i dumbing down knife collecting to the level of beanie babies. knives are useful items that can last multiple lifetimes.
but in this day and age, really, knives are one of the few items that there is still a sizeable profit margin on. most electronics, home applicances, etc sell at pathetically small margins. so i dont mind paying a premium for decent knives, because i save the money on all of the underpriced things i buy every day. kindof a messed up mentality, but it works for me. you cant win all of the time.
cheers,
-gabriel