It is true the prices are insane. but until a vendor sells the same corals and undercut prices i don't think it will ever change. First and foremost for most of the larger vendors out there it IS a competition, This is how they feed there family. So they will resort to fancy names and hype marketing to move big ticket items. But one thing i have noticed, Vendors tend to charge the highest price they can, They don't seek to utilize competition to their benefit. They are trying to make the most money RIGHT NOW. This will all change when a livestock vendor who understands economics comes along
the thing is, they are selling the same corals. i suspect that a large portion of these named corals were pieces that just spent a large amount of time in what ever grow out tank under LEDs.
You used to be able to buy corals in bulk from a company called LivestockUsa.com. You could pick the region and type of corals that you wanted ( SPS, LPS or softies). The catch was you don’t pick the actual corals just type, and you had to go to the airport to pick up. The colonies were on average 3”-5” and mounted on a piece of live rock. Depending on the season, $1000 for 25 colonies.