I think that's just due to the outrageous inflation we've had. I've followed the Majesties, and the Enchanted Forest I bought in 2019 went for $3400 then. It's now $3800. That seems about right in line with inflation. The 20th has a $200 premium.
Now they've got these top-tier finishes that I agree are more expensive, comparatively speaking, for what you're getting. But those guitars- the Tiger Eye, Purple Nebula, Hydrospace, and now the Maple Tops have always been way higher.
I didn't follow their prices prior to 2019, but those, what I'd call the "mid-line" finishes- Smoked Pearl, Lava Flow, Ember Glow, Blue Honu- those all seemed to me, compared to an equivalent-quality/finish guitar from any other brand, like a great value. SS frets, locking tuners, Piezo, Coil tap, Dimarzios, trem..., get those similar features from other brands and I think EBMM are less expensive.
I guess what I'm saying is I don't think the rise in prices is unique to EBMM, and as such, they're still very competitive. It's just everything across the board has gone up considerably. Heck, a nice PRS S2 is now pushing $2000, and a few years back they were in the low teens.
What brand/model that would be a comparable match to an EBMM model do you think is a better buy, if any?