Blizzard also allready said that the majority of players got below 50k gold.
But besides that I see no issue in the price. Its not something you absolutely need (and you would save the money for it if you did for raiding), and its supposed to be "legendary" - though imo its not all that legendary when you can get it from lfr, and everyone can get it for that matter. But can´t put the genie back in the bottle so to speak.