Perhaps there is a link between buyers of ultra expensive bikes and woodworking tools, aside from a lot of spending power.
Those at the top of their game may benefit. Spending money for the simple pleasure of owning and using the best is a possible motivator. Status is a less attractive explanation - but understandable.
Too often it feeds the delusional thought that sub-par performance can be fixed by buying very expensive equipment (tools or bikes). It is mostly practice, care and attention to detail that improves performance. Exceptional equipment will not make the unexceptional, extraordinary.
The best 18th century craftsmen produced outstanding work using a very limited range of tools. Nothing powered (bar limited steam capability). No Li-on batteries. Micron level measurement a dream. No Tormek or Pro-edge for sharpening. Routers, spindle moulders, thicknessers had yet to make an appearance etc etc.