It's a collecting hobby. It doesnt have to make sense. Collectors might believe a late 60s early 70s muscle car is better than a modern sports car, but objectively a modern sports car can outperform it easily. But there's the cool factor, the aesthetics, and the desire to be the one to have that are all equally important to collectors.
Fly fishing and Fly rods are pretty much the same deal, imo -- i have a 9wt Cabelas-specific fly rod that feels as good to cast as my 5wt Sage. The cost difference was hundreds of dollars. But flyfishing dude-bros with their simms trucker caps and name brand apparel from forehead to toes clamor to buy the newest and "best" flyrod they can get. It's silly. Dont get me started on Simms nippers. I love the sport but im not a collector.
All that said, let the collectors collect their expensive fancy shit. It's good to have hobbies.