The world hasn't gone mad... there have always been expensive products and inexpensive products, wealthy people and not so wealthy people.
It's a damn nice knife that's a pain to get hold of at a high price... I don't see anything mad or unusual about that.
I have worked very hard to build my career and have one of these knives, I got it for the bargain price of £200 and I have since had it re-handled because I fancied something specific. If I didn't have one and wanted one without the wait... £450 - sure why not.
Because I work hard and have available cash, that doesn't make me mad. The talking to myself, twitching and recurring waking nightmares about midgets stealing my leg hair make me mad. Until the men in white coats come to get me, I'll continue to spend the money I earn on the things I want at prices I can live with.
As an aside, many people smoke 20 a day... spending over £1500 on bad health a year (As I did until a few years ago) is mad... you don't even get to keep the smoke, the Woodlore knife, love it or hate it, will last a life time of hard use if properly maintained. Context is everything.