Is Bing Dao worth it's price?
( assuming we are talking about the BD Lao Zhai )
Please note that I'm expressing only my opinion based on my current experience and current situation in China.
I have kinda definition / formula for tea ( probably more likely the most suitable for puer )
quality=value=price
I explain in details in blog here
https://www.pageoftea.com/choosing-tea
but to make it short here: There is no something like that BD has some higher quality tea than other places. In fact , stuff from small trees you can get much better from other Mengku villages in much better quality and taste ( of course individual opinion ) , and for much much lower price. We all know that BD is the most hyped puer producing ( now not only puer actually ) village aside with LBZ and so the price is where it is ( coz don't forget China has a large population and lots of rich people willing to pay ).
But here comes the
value variable!
Is it worth it?
There is some market value of course but it's applicable to you ( as a drinker or vendor ) if you can exchange that for item in same value ( presumably the money ) . If not ( assuming you are not a vendor with such a clientele or not having enough trust / being known ) , you can just hype your EGO that you have tea worth of 10k , but should you try to sell it , you might get only 2k ( as the buyer would just judge a taste and giving the price based on comparing with other teas ) .
Personal value is something what comes with mentioned ego , but in China apart of that , there is another aspect :
If I was a owner of big company in Shenzhen ( just an example ) , I wouldn't mind for special business meetings to invest for tea honoring the name of fame, giving a big Mian Zi ( google it ) and lasting XX steepings which will "guarantee" me that before the reaching the end, I'll close the deal
So keep in mind that you are in competition with such a people for this kind of tea.
I've been to BD something like 6 - 7 years ago. My wife was making a marketing strategy plan for Mengku Rongshi and so we were invited ( she was, I was a additional baggage ) to Mengku and we spent there around a week ( mostly at their factory ) . She was working and I was drinking old teas with the founder ( he passed away couple years ago ). One day they took us to BD to show some old trees they renting there. We tried the tea of course and I have to say , I could get 10kg of nice tea ( in my taste preference ) of any other village for the price the half kg was sold there.
So for me , as a vendor ( not specializing on hyped products ..in fact avoiding them , as I do avoid other marketing stuff ) this tea has no even half of the value of what is it asked for on Chinese market.
For those , who are eager to buy LBZ , BD , 1000y old trees , very old puer , all that hard to get stuff .......ask your self a question . Is it personal value or personal EGO what makes you spend those $ ?