I could be wrong, but I'm pretty sure those who are asserting the value of the item are being sarcastic. At least that's how it came across to me.
In my opinion, the high price is equivelant to the insane prices overly large razors, razors with masonic etchings, and pristine Ducks seem to draw. They are overhyped collectors items, and nothing more. If people have the money and choose to spend it that way, I have no problem with that. Though knowing that some of those razors will sit unused in glass cases often makes me shed a tear.