1911s are not pulled out of a CNC machine, smoothed on the edges, finished, and assembled.
I just don't get all of the mystique surrounding the 1911. They are really not that much different than other semi-auto pistols. Pistols other than the 1911 can and are built to strict tight tolerances. I just don't see how any 1911 can cost more than about $2,500 (unless you're paying for a bunch of fluff & hype), and I think that price level is generous.