I live in a world where innovation, design skill and craftmanship are valued.
Not everything can or should be broken down to base material cost and compared to cheap alternatives - although if you do, there is still value here, where you add the original frame, design, fabrication, welding and painting that happened.
Try pricing out a Rolex in terms of material cost...
Haha those were kmart bikes I did nearly a decade ago. These are pedigree DH bikes with a patented rear end, welded by a qualified first world welder, heat treated and professionally coated.
I stopped pricing anything even close to that number five years ago - not because of the quality of the goods.
I did it because of the quality of my customers.
These days I no longer even have to take emails from fools and itemise every nickel and dime. People want an engineer with a 100k degree and want to pay ten bucks for it. They can go buy a ukrainian or chinese stealth copy made of pig iron.
I've literally put bandsaws through bikes once owned by Sam Hill. If you have to look him up you're in the wrong thread.