What's the point of this device? What makes it "custom"?
Why would it be worth so much more over the other Topping dacs, and wth does upsampled to 1 bit mean?
Seems very expensive for, really, nothing but high voltage to reduce amp gain and thus a small amount of noise that's probably already imperceptible.
The price of such devices is comprised of the development costs, which are likely many times higher for this particular device, the cost of each unit produced, including components, housing, packaging, etc., and the company's share of the costs.
Up to this point, the price per unit is primarily determined by the anticipated number of units sold, because the fewer devices sold, the higher the cost per unit must be.
Then there are the usual percentage markups, such as handling and transport costs, which are often underestimated and depend heavily on the device's size, profits for distributors/distribution, profits for local retailers (who also bear the costs of warranty service), platform fees such as those charged by eBay, Amazon, AliExpress, etc., and, of course, customs duties, taxes, and VAT, depending on the country.
Fortunately, only the manufacturer decides whether to develop such a device, bring it to market, and take on the associated risk. Customers decide whether the device is worth the asking price or not, and whether it has a reason to exist. Ultimately, that's the only measure that matters.
The device has apparently sold well so far, and after this test, sales should improve even further.
If only it weren't for the problem with warranty claims (which depends on where the device is purchased) and the lack of repair guarantees for the next 10-20 years.....