ESEE Gibson Pinch Fixed bladesearch

ESEE Gibson Pinch Fixed blade

ESEE Gibson Pinch Fixed blade

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I'm a sucker for small fixed blades, but why is a 3.4 inch, 1 ounce piece of 1095 so expensive? Makes me glad I got the TOPS Sneaky Pete Mini earlier.
I got one of these on bladehq for 49.99 I think. It's a cool little knife for a backup, can fit into an Altoids tin, and the magnetic sheath is a pretty cool concept. However, if you want more blade and don't mind it taking up a little more space the candiru is about the same price for the same steel. Though the wharncliffe of the pinch is a much nicer blade shape, so...