I have no idea how CRK manages to sell any Sebenzas at all--maybe Seb owners can answer this one.
I hear about their incredible quality, but is it really > $300 worth of quality? In what exact ways is it better than a folder of similar size and profile, using, say, 440C construction?
Same way PRS, Mercedes-Benz, Tiffany's, Rolex, etc. manage to sell their products.
"Quality" is one way to measure enjoyment that you get out of an item. Sebenzas do have incredibly good manufacturing, it is certainly better than any other knife I have ever owned.
But you also get a knife that is Made in the USA, and there is much hand fitting and QC checking, so add some cost there.
The tooling costs a LOT of money, when you consider that CRK is operating on small batch sizes so a significant portion of the cost of a Sebenza is going towards fixed costs, where a volume manufacturer (e.g. buck, kershaw, benchmade, etc) can spread the fixed cost over many more items.
And you get some level of exclusivity, that is worth a lot to some people (not so much to me, I get much more pride in having a quality product made HERE, if everyone had a sebenza I would actually be happier because its something people should be able to get if they want).
There is also the matter of resale value, it offsets your cost of entry; you use the knife and you can basically rent it and get back whatever you didnt use out of it. I dont think you can say that about cheap knives.
I'm sure someone will come in here and talk about supply and demand but frankly you cannot apply that to sebenzas or other very high end knives. 1. they dont have perfect (or even close) substitutes and 2. sebenzas are not normal goods, they are giffen goods to some extent.
I have a second one coming to me, this one I will keep longer so I can make a better judgement. My answer the first time was "its worth it but this knife isnt for me", maybe it will be different this time.