Soldato
It probably will happen. Its sad when only a few years ago £600,would get you the best gaming GPU of the generation,ie,a GTX980TI. Looks like what many of use feared would happen,when the Titan series legitimised luxury priced GPUs,and that mainstream/entry level gamers would start to also start gettin screwed over.
Let's see if the "mid-range" RTX3060 is between £400~£500.
Actually, I think the Titan proves that everyone has a value target of some sort. The "Got to 'pay to play' if you want the best" crowd are almost always talking about a card that isn't actually the "best". It's only the "best" within their chosen value window. The actual best is a Titain, but they don't spend their money on it because they don't think it's actually worth it to them.
I also think that there's a value line (somewhere) in the community at large. Up to the line (while still below it) is pride of ownership for having something expensive. Above that line is embarrassment for getting ripped off.