Id say your right and wrong!
Yes, prices have been way to low. It’s a specialist/collectors maket and they should be levering the “pricing power” (the maximum that is sustainable for their products). Clearly, products have been undersold for a period of time.
“Artificially high” is in relation to the MRRP, i.e. I look for the greatest discount from the list price, the most competitive deal I can find.
The core value to the consumer relates to the perceived quality/desirability of an item, which determines is “pricing point” in the Market.