The quality of EBMM is right up there.
But, considering I bought a brand new untouched from the dealer Musicman Stingray HH guitar (not bass) for around £1150 about 6 months ago, and they are now £2400+ (although they do now have a lovely roasted neck) I really struggle with new pricing, and that applies to Fender. and Gibson!
Bongos are now £1000+ more than a few years ago.
They are excellent premium instruments, no doubt about it.