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Perhaps not but when I see W&B wedges priced/going for $500+, I can't help but think that at some point the market will cool and then the price would come back to reality...That would define a bubble.

Ahhh... Lets put it in a current term the economists like! Its a "Razor bubble."

There are some deals to be had there if you are choosy and careful. You won't find any currently "hot razors" (ie W&B wedges) there for reasonable prices though.