Frankly, $7,000 on a bag is nuts to me, too, unless it has 18 carat gold hardwear, or stunning and extremely time consuming detailing/embellishment.
My absolute upper limit for a bag is about $2,500 (and that would have to be a really nice bag, like a BV).
Maybe I just don't know enough about the Hermes manufacturing process; but I really can't see what you are paying that much for, except exclusivity?
So, I'm probably not the right person to ask, sorry!
I used to wonder about hvis too, but Hermes as a compatny put a lot into sourcing their materials e.g. various types of leather and repltile, then dying the hides. They use the best craftsmen to make them by hand. Of course when the demand exceeds sup;ly the prices go up and that's when Hermes get away with charging thousands for a handbag. Your paying are for the name but you are also paying for fine materials and crafsmanship. From lurking on the Hermess sumbforum is appears that they will do some small replairs for free, on the spot if someone is around.