Is any app worth $999.99?

In an app store where 4.99 seems too much and 9.99 better some with some extras; an app for the price of $1K is just crazy right? I would say no. I'm not talking about the "I am rich" app. This new one is called ivip black. http://short.to/yfim

The app is basically an address book for high end events and places. It does a good job but any person that has some form of high end income will have a consigliore or at least P. Diddy on speed dial to help them book events. This is app an example of why the app store is getting saturated. Good apps are too hard to find.