In all honesty.. I know Nick and i also know the time and effort that goes into his moderators. The internals take tens of hours to make and are superbly crafted. You just never see them, as his carbon tubes are sealed units. They are not a simple ally tube with hair curlers, bent penny washers and felt..
Nick makes them for the love of making them. If he was to put a real terms price on each moderator.... £277 would still be cheap..
They really are that good.