A lot of Macs cost more than that when new. Look it up.
Actually, very few Macs cost more than that. Only a few select ultra high-end models, like the
40mhz IIfx, cost that much (this is only 20mhz!) and the IIfx also supports up to 128mb of RAM, and multiple displays in millions of colors with the addition of extra video cards (up to 6 if you really wanted to, via 32-bit NuBus... what does this have 8-bit ISA???).
Most fell in the $2000 - $5000 price range.
Please stop spreading this common misconception. Most Macs cost less than that and could still do much much more, even 17 years ago.