I think you're missing the point slightly. Black Barons is Film Arena with a different hat - 'overheads' are already covered.
I'm afraid it may be talking'sh+t to you to complain about the price, but for very many people it is an issue; especially when you have old stock steelbooks dressed up with a slip, booklet and a half dozen small cards, and they proceed to ask more than were you buying a newly released film with a better overall package.
In short it is a rip-off, as has already bene pointed out by Hub and others. And 400 people have helped perpetuate this into another release, and another potential rip-off . . . .
Fair play if you want it. Personally I do like the slipcover; but at that price, with a steel I already own - thanks, but no thanks.