You can enter to win a Balding bit on Facebook right now, worth a shot and you may get lucky!
You kind of get what you pay for to an extent. Then, you are paying for the craftsmanship /artisanship of a handmade item. It's one of those subtle things that many don't notice a difference between that and a "cheaper" ($100 range) one. These things do hold their value and there is a market for them.
It does seem funny that something so small and not dripping with silver can cost so much though. I know my insurance guy about wanted to sh*t when we had a "contents of trailer" rider added to our farm insurance. They can hardly believe the value that a small area can hold. If you think Balding's are spendy, try looking for a Klapper.
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