The price of some premium woodworking brands has little to do with function.
They are not lacking in capability, they have merely assumed a status and price which far exceeds their function - they are essentially woodworking baubles to adorn a well equipped workshop.
Owners are not by association supremely skilled woodworkers (some may be), they generally evidence much deeper than average pockets.
This behaviour is no different to other premium products - cars, watches, wine, clothing, etc - whose owners take pleasure in owning/using/wearing, the product, admire the quality and craftsmanship, or simply want to demonstrate they have what it takes to acquire same.
The rest of us look on with either envy at their good fortune, or in bewilderment that anyone would contemplate paying 2 or 3 times the price for that which would anyway do precisely the same job.