I think alot of fair points have already been made, specially the one about being able to design it all yourself.
I'm kind of devils advocate here, I used to think the prices were a con and still doat times, particularly when regarding a 'select' few hyper fan boy knives but I can see valuve in well made stuff, specially when it takes so many man hours to get it to that degree of fit and finish. It was my ignorance that amde me think a custom knife was just £20 of materials and a few hours work, but it goes further than that, way further. All the sand paper, glue, pins, steel, electricity, file wear, sanding belt wear, oil and time add up. I doubt many of the knife makers around here are rich, making knives is a time consuming labour of love and should be respected.
Now I did have a handmade knife, but I didn't like it. At all.. infact I hated it so much I put it up for trade within 2 days.
Bernie Garland 'recurve bushcrafter'. Not bad for the money considering it was handmade, but the fit and finish was something to be desired and to me it wasn't worth keeping when it could be swapped out for many other useful things. £240
One being an Enzo trapper, now this is a
good knife! Affordable, well designed and really good in practice! At just over a third of the price of the Bernie Garland knife it was way out of it's league and almost perfect for me. £90
Lol, being me.. I traded it as I fancied trying somethigng else. I don't have alot of money so I often sacrifice the thigns I love in the adventure of 'trying that one'.
Now I only have one Mora, a 510. £13
I've abused it it to no end, used it for all sorts and always go back to it for actual 'bushcraft' type stuff. Maybe because it's the only one left that would fit in the catagory (as I sold/swapped the valueable ones!) and maybe because it's reliable, comfy and tough. A knife I'm not affraid to pry nails out with (yesterdays fun) and hit with a small hammer to chisel through wood and really just use! I love it, it's one of my favourite knives and if/when it does finally break, I'll grind it into a little neck knife and keep it going for a few more years!
So i guess I'm in the middle, but do respect both ends of the scale. Custom ones can be really nice, production ones can be great and cheap ones can even be perfect.