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It is definitely understandable that somebody unfamiliar with this or somebody not desiring this service may look at the prices think it's outrageous, but hopefully I was able to shed some light on the reason why.
I'm no pro, but I managed to make the cut for my high school's advanced art class back in the day where the teacher's won a number of local and state contests. To say he knew his stuff would be an understatement. Whether or not he was cut out for teaching is another matter, though. Good guy, nonetheless.
Back to the point, though, I'd sometimes just sit in class and watch him work on stuff after I finished my own projects. His pencil work was astounding and I can see how something would take 8 hours or more with that alone. Using pencils of various grade, consistently keeping them sharp, being careful not to smudge... definite labors of love and perhaps something that scared me away from seeking art professionally aside from seeing how the industry worked in college and just keeping it as a casual hobby when inspiration strikes.
Unfortunately, when you realize that the bulk of the people here are probably poor college kids or teenagers, it's not shocking that something costing over a hundred bucks is totally out of the question. The actual appreciation for art is another matter.
I wish you luck professionally, at least, as you've got more courage than I continuing through the industry.