JRMightyMoose
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Editorial: Pro Display XDR and Apple's Grand Stand
Before we have an apoplectic fit over what at first glance appears to be ridiculous pricing for a monitor stand, and if you're truly upset about this, we need to examine the "why".
Products like this stand, at first glance, appear simplistic, but when you view the illustrated breakdown of the mechanism you must recognize that it's not "just" a hunk of aluminum, but a complex design, something that likely required a substantial investment by Apple for the design and prototyping. In addition, consider that in order to produce the components of the mechanism, additional investment for the tooling is required. None of this is free, and of course we always have the unavoidable "overhead costs".
Once you have a design, you have the cost to actually produce the components, assemble the product, and make it available to market. Now, take a guess at how many of these devices are going to be sold when it's likely that VESA mounting will far outpace the use of these stands.
What you have now, is essentially a "custom built" monitor stand for an expensive display. I say "custom", because the market is likely very small, but Apple can't just ignore that segment of the market, so they support their customers anyway, it just costs a little more to buy.
My conclusion: I think it's very likely that Apple is essentially selling the monitor stands at cost, so get over it!