Yeah, and cheaper, but like Dustin said, there's a really wide range of details into how much the master smith's hands are the ones on each individual knife. I think of most of the Japanese knives in the $150-300 like the old steel lugged bike companies that had 3-4 folks brazing at a time. Yeah, that work was all "handmade" with some cost saving in factory setups. It's not exactly what we think of as "hand made" here atmo.
The Hand-Made(tm) stuff is often more expensive, but not necessarily better for most folks. I think about things like this:
a $1300 yanagi. The mirror polishing is a lot of hand work. Building a blade completely out of blue steel (instead of cladding with some soft iron) takes incredible skill to temper and not crack. Single bevel blades want a light convex shape to the bevel so it releases food correctly, which has to be done on a flat stone instead of a wheel. None of these things matter to me, you, or frankly anyone else here.
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