This is an interesting issue.
I don't think there is as much justification going on as some people seem to believe. Don't have any numbers to back this up, but folks buy CRK knives (and other such things) because they want them.
Maybe the CRK owner has a relatively high disposable income. Maybe he lacks other expenses that you have. Maybe he just prioritizes knives to a greater degree. Point is, the guy with the Sebenza had $385 (or whatever) to spend on a knife. He wanted a 385 dollar knife. He was not going to get the same degree of satisfaction from a 200 dollar knife.
That is not necessarily snobbery. In a lot of cases, I think it is just a matter of wanting to own a more refined object. There's nothing inherently snooty about that.
You can't necessarily quantify a person's desire to own something down to the last nickel. Some of it is intangible... like having kids, winning an Olympic gold, starting a business or spending a year biking across the country.
The fact that the knife itself is a material object, does not mean that all aspects of ownership can be reduced into material terms. Just as one example, I have a lot of stress and dissatisfaction in my life from time to time. I also happen to carry a knife for utilitarian purposes. It is true that my utilitarian needs could be fulfilled by a 200 dollar knife. Sometimes when I am not feeling well... when I am having trouble getting a particular thing to do what I want it to do, I'll pull out my Sebenza and just look at it. Just handle it. It feels good to be physically close to something that's done right. The ability to do that... to have that soothing feeling is not a completely tangible thing. It has nothing to do with arrogance or greed. It definitely has utilitarian value though, and that value derives directly from the quality of the knife.
Maybe a little esoteric, but just sayin'... everything in the world is not 100% black and white.
Just paste this in every "Is the Sebenza Worth It" thread from this point forward because I am not sure that a better answer exists. Well done!!!!!!!!!!!