I don't think anyone is saying this isn't a really nice item. It absolutely is. It is definitely unique, and as a unique item it doesn't really have anything I would consider a true comp. IMO, the two pricing methods used (HESS pricing for forks, and cost for 7x - 10x enchant) are both flawed, but I won't go into why here as it has been mostly covered in OPPs. Sometimes things don't have a real comp, and that's OK.
The long post by ktig is very comprehensive, and spells out the key factor that I don't think has been mentioned by anyone else yet. And that factor is demand. The subsection of people that can take full advantage of this item is very small to begin with. So you have to find someone in that group that is all about maxing out their gear and is willing to shell out more than $1,000 in silvers and alt currencies to do so. This person could exist, as there are definitely people out there willing to drop thousands of dollars on this game. Or the people in this group could be very happy with their essentially free 7x gear and give a polite no thank you at that price point.
I have no idea if the OP's asking price is fair or crazy. The market will ultimately provide that answer. Until then, I appreciate the discussion and points of view.
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