Yes indeed, the Fleetwood Rack is hugely expensive. I am sure it meets my rack performance goals, but the reality is that folks buy it for the cool factor and the OMA/Fleetwood clientele consist of folks for whom money is not the main issue.
My Sound Anchors stand also meets my rack goals and while not cast iron, it is steel, can be sand filled for damping, and can use wood shelves with elastomers under them (like the Fleetwood) if the owner desires, at about one-third the cost. There are many examples of wood and/or metal stands at a wide range of prices that offer solidity, stability, mass, and damping.