I spent $3900 on 3 paintball guns, $400 to fit them all with loaders, $900 for air systems, etc. Seems like a waste when I look at it on paper, but I still have lots of fun doing it, and paintball equipment does nothing but depreciate. At least the amiga stuff will hold its value as long as there's an active communitiy clamoring for the latest that 1998 has to offer.
$1200 seems a lot for ancient hardware, but in an auction format, the buyers are the ones to blame for the $1200 price tag.