After attending my first bonsai show last weekend, I will say that I'm much more educated as far as pricing goes, and I will be more analytical of material purchases going forward. The show gave me the opportunity to see very similar material priced VERY differently by vendors, and that knowledge will stick with me.
The market drives the cost of bonsai, like many other things. While I am a very long way from being a price-to-value expert, at the very least I can now avoid some major pitfalls, such as an
$850 Sharp's Pygmy or an
$825 grafted 15" tall Shishigashira.
Instead, I bought the Sharp's already mentioned above for $375, as well as this 5' tall Shishigashira from a local nursery for about $375. I hope to get at least four nice air layers off this tree next year and more the following year.