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I just find it much more common among western hats. We all know Optimo of Chicago in part for Graham’s much higher than average pricing. Sure, he offers unique colors and unique felts, but is his quality 2-3 times what Art Fawcett’s was or what Michael Gannon’s is? Don’t get me wrong, Optimo has more overhead and he’s also following a different business plan and making it work for him!
While there are some, like Watson, that will gladly charge you huge sums for both styles, it’s much more common to see a custom western hat costing over $1,000 than it is to see a custom fedora at those prices. Most of the hatters charging the big money don’t offer anything special in the way of quality or fit, they just charge more. Good for them if they can get their prices. I’m not interested in buying prestige or cachet. I’m sure that some of the custom western hatters are more deserving of their prices than others just as in custom fedora hatters.
I also see this western pricing exemplified in some factory hats: Stetson wanted $400ish for a pure beaver Excellent quality fedora (their top end dress hat), but $1500 or more for their top end western. It’s not that the materials were that much more. You also see many of those expensive western, factory and customs, sporting precious stones and other hat bling: apparently much of that market like their “Gucci” hats, and that fine too. To each their own.
Different markets. There's a bigger pool of cash in the Western market and it's understandable that market would support those prices. As with all products, it's not always about quality.