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Enthusiast, niche controllers and such are generally fairly pricey, especially as they aren't benefiting from the economy of scale in their comparatively low production run while also benefiting from a lack of alternatives. $70 really isn't that crazy, and thankfully there's far cheaper options for original controllers on eBay if that's too pricey.

If they ever made more Hori Pad controllers for the N64 I'd gladly buy a few at $70 each heh, but I don't much understand the appeal of this controller.