Why is the price of new tonearms so high


Im wondering why the price of new tonearms are so high, around $12k to $15k when older very good arms can be bought at half or less?
perrew
Hi Axel, great idea !!
Go carry on - you are certainly on the right path.
Musing and watching,
D.
Dear Perrew, 'all' and 'some' are quantififyers and very
risky to use as refering expressions. So there are 'some'
tonearms that are new,very good,but not 'so high in price'.
For example: Reed L (www.turntable.lt) that I bought for
+/- 1500 E (with a base).
Regards,
Nandric
Nandric, do you think the Reed can compete with the dynamically balanced tonearms that Dertonarm mention?