Very pricey indeed, however you can't deny how good it looks. In theory, it sounds like the materials used are quality and being handmade in the USA with a small edition size also contributes to the high pricing. I think it's about $800 overpriced personally, but it's hard to really put a price on these.
That Chewbacca bust is incredible though! What a dream bust for any Star Wars life-size collector.