I dunno, but if it's made like my Glennbrook, it's got to be one of the most expensive pieces of consumer plastic out there. Sorry, not plastic; leatherette!
Plastic is good on this, don't get me wrong. More weather resistant than real leather, lighter, and it doesn't need leather's ability to conform to the rider. I'm just thinking that it is priced like premium leather.
Some people are like a Slinky ... not really good for anything, but you still can't help but smile when you shove them down the stairs.