Why people spend the money isn't for a better knife - they get one, yes, but another $100 doesn't make it a 100% better knife. What they get is male enhancement.
Somebody needs a knife, a $20 Chinese flipper from the flea market can do the job. But, it will not elevate the owner to a higher perceived level of alpha machismo in his tribe's eyes. And cross tribal boundaries, it actually makes them more a target in the other tribe's eyes. The mature individuals aren't the stone throwers, tho, it's the young dudes jockeying for place who are out there "buttting heads." < --- Note the reference to rams in rut. Same thing.
RH doesn't make junk, and he's no dummy, the real trick is making something that catches the juvenile male mind as a symbol of elevated status, and making just enough to push demand over MSRP to get one. That's freaking American capitalistic GENUIS, and there's hundreds of thousands of guys graduating from business school who would give their left reproductive organ to know the secret. He simply does it with handcrafted art, and does it in his lifetime. No sense being appreciated long after you're dead.
There's a long list of knife makers in America doing exactly the same thing for decades. Ever hear of Jim Hammond? Back before the internet - we're stepping into the wayback machine here, Sherman - he designed a 6'+ tactical fixed blade. The first public showing was 1981, before they even printed the first Knives Annual. That knife was still so popular and in demand it was one of CRKT's first collaborations in the mid 1990's.
Jim Hammond still makes knives, mostly high grade interframes now, with no lack of buyers. As his earlier customers matured, they wanted knives they could use in public, and maybe, not even use at all. He's not selling knives much anymore as much as art - the usefulness of his creations as a tool isn't the focus. What is the focus is the mental impression of the owner, the concept of the knife and it's value in enhancing the owner.
That doesn't change - most of buying a knife isn't it being a superior tool, because putting it in mundane terms of cost vs efficient design or being an effective tool would mean reviews would be the major forum focus, with long threads over the amount of pressure to cut, and the number of cuts before an arbitrary standard of dullness achieved.
Nope, it's all about rams butting in the forums, who's the big buck, top alpha, Big Dog. Well, the reality is that what knife you carry won't change it one bit. Work on leadership and character qualities can improve it - but you either have it, or you don't.