I've watched a few good bowyers in their shops building bows. I flat out left when they started grinding fiberglass...ain't nuff money in the world to do that...especially day in and out.
Dakota...you're right about Bob's estimates..if he counted the hours he spent on his butt driving to shoots all over kingdom come, booth fees, gas, food, etc... that has to cost a pretty penny as advertising goes... then there is the time spent haglin with customers and answering a myriad of questions on phone and email. I know...bob and others have done it for me. (thanks guys!)
Reality differs as stated. I liked the comments earlier on about "production bows w/ options".
All the freakin hand work some of our bowyer sponsors put in is horrendously high!! Others use CNC to crank out risers.. nothing wrong with either approach....but I LIKE handbuilt stuff!
Bob's built me a sweet bow. He knows, I don't value all sorts of stuff on my bow... contrasting stripes etc...love to look at it, but I'd rather have a sweet burly piece of grained wood riser...now that is BEAUTIFUL to me...and he delivered.
Same as folk's furniture in the house. Wallpaper, wardrobe. What we drive. We pay to suit our tastes.
As for performance: I did find that the less expensive bows ended up being less forgiving and more "shocky" to my hand and shooting form...so I didn't buy them. And yet, guy named Peckerwood had this multi-colored short recurve at B-more the other year that was as sweet a drawing and shooting bow I ever shot! He's a fine carpenter and furniture builder so he loves workign w/ wood and it shows... but he's not a full time bowyer...but that ONE I shot was SWEET! Go figure!
I had great advice from others...borrowed a ole Bear from a buddy and shot it to get started and then shot and shot and shot bows at many, many shoots and any shop that had em, till I was sick of it... wrote down names of bows I liked most and shot then again the next year...then started making a few purchases...
Over time, as my form settled in and arthritis took over, some desires changed and I've changed bows here and there... mostly looking for a freakin grip that fit! That's my cranky self. Shot mag handguns for too many years so I believe hand fit in grip is critical to consistent shooting.
Guys who will build to fit my paw..get my order. And then sometimes, some custom guys just want to build stuff THEIR way and no matter what you say, you get something different than ordered.
That is why there is a lot of bows for sale used... that and some folks just LIKE trying new stuff. And we who've bought them used bows say "THANKS!"
Buy what you can afford. What's that saying?"Be wary of the man with one gun (bow) for he likely shoots it well."
But keep exploring w/ an open mind. Refinements do show up as costs go up, depending on your needs and wants.