" Why is the price of new tone arms so high?"
Someone in the market for say the Goldmund Reference Model Two at $300,000.00, or even any number of other tables on the market for $40,000.00 and up.
What starting price range and available brand of tonearms would someone with this kind of budget choose?
Whats the best known performing cartridge on this tone arm a $5,000.00 brand or a $20,000 one?
I don't know what your perception is of people in this hobby like this are, myself, what ever makes you happy.
However someone that spends $70,000.00 plus on speaker wire alone, bi-amp pair and 20 feet of it, this is where my view of them changes.