Cue prices are artificially suppressed by hobbyists in their backyard. Typical shop rates for people with far less skills or equipment run $100-$150 an hour. There isn't a custom cue made that doesn't have fifteen or twenty hours in it. Hurricanes put the final nail in the coffin of my cue shop but the truth is I wasn't too interested anyway. My shop was next door to my friend's machine shop. I could walk next door any day I pleased and make a lot more money than I could making cues with no wait for my money and no hassle dealing with the public.
No hours wasted on the phone with tire kickers and people "just calling to check how their cue is coming" when in truth they are just bored and in the mood to chat. Fine for them if they have the time but I think average phone time for every cue built is about two hours. When you are talking on the phone to a cue builder bear in mind that while you are talking the machines aren't running and no progress is made on any cue. A moderately busy shop has a couple dozen more customers too. When you wonder why it is taking so long to get your cue made, besides time between steps, time spent dealing with customers is often an unaccounted for hole in production.
There not only are $1500 cues, there should be damned few that aren't fifteen hundred dollars or more. People are building quality cues for less than five hundred dollars, many are building them for less than a thousand. Those are some of the best deals on the planet!
A cue should sell for time, materials, and a consideration for artistry involved. Do the math for time and materials and then add fifty to one hundred percent for artistic abilities. That is a fair price for a cue. A person that has built a name might be able to add three to ten times time and material to the cost of a cue. Look at what other usable art is going for.
A few people selling equipment for building cues led me down the garden path or I never would have gotten involved with cues. My equipment has been gathering dust for years. If and when I drag it out I will repurpose it for something besides cue building other than one I plan for myself. At the rates good builders work for I might just have someone build that one.
Hu