The collector hobby comment seems about right, or at least heading there. Just be thankful these places are still retailing them b/c if they ever go the route of the auctions going on in the plant hobby then it’s over.
The auctions artificially inflate already-too-high prices. Why is any retailer gonna retail that rare plant for $300 when auctioning it off will bring in $600+? Then there are the folks who put in the high bids on purpose b/c they don’t think anyone who would pay less is worthy of having it. It’s an insane and infuriating economy.
I appreciate that if I wanted to collect, I could still buy corals at retail prices even if they are retailing at high prices. But just like I am with plants, I like what I like and don’t pay much attention to what’s a fad, and ignore the stuff with the insane price tags.