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the price is all marketing. Xi is the most thought after, so they pretty much get away with whatever they want to charge. hell, i even bought two pair of 72-10 with only intended for 1 pair.
They're probably not going to raise the price anymore my friend, other original shoes like the Reebok Kamikazes and CB '94 have been the same prices since their original release. The only reasons JB/Nike keeps raising the price is because of the so called "remastered" gimmick and the resellers. Inflation is a small factor but doesn't cost a price increase that enormous.
Also the put the "three-quarter" because that's the height of the shoe (considered as a mid top)
in case you didn't know, the OG Xi has a much higher cut than the 09-present retros (not just the PL). pretty much the same way they treated the 1 mid and 1 OG high except it isn't as drastic on the Xi.
took this pic as a momento before i sold my OGs that i had for 18 yrs.