No it may not have been but vega 64 reference was £450 on release
1+ year ago....
£500+ would have been good (well no, still not really as even back then £450+ for vega 64 was too much but I digress....) if the powercolour was released at the same time or a few weeks after but it wasn't released for months..... The reason they went up (along with all other GPUs) was because of mining and retailers/manufacturers then gouging as much as possible but as per usual, only the consumer is to be blamed as they are the ones that supported it by buying in droves
No idea how people can defend or/and think these are good prices now, at this stage now, prices should be considerably less (for all GPUs). Back when the 290(x) was nearing the end of its life, they were being sold for £250 or less AND bundled with 4 games.