Of course, Faber castell is also a great brand. The Loom is $110 at Dymocks in Sydney. So take away $40, that leaves $70. I see what you mean. $70 for the Loom, which is great, is a good price. The nibs on Faber Castells are also great, but the pens don’t look nice in my opinion. I like the E-Motion and the Basic, but that’s about it. The E-Motion is also $160 at Dymocks. And for the price, it’s a better pen no doubt. Looks nicer, feels nicer, made nicer. The nib isn’t as good but not far off, but it’s a better choice and also a good workhorse. I’m not sure about the longevity as I don’t have one of my own but it seems it would keep on going for a while too.
Crikey things are expensive in Australia. A Loom is $45 stateside. For $45 it's a great pen. I love mine (actually this reminds me, I should ink it again next time I'm looking to put another pen back in rotation). I recommend them to everyone looking for a starter pen.
I wouldn't pay $110 for it. I would (and have) buy another for $45. I've bought 3 so far. Two I gave away (one was specifically bought as a gift, the other was "I really don't need two of these.) They're great pens. But for $110 I can get a pen I like a whole lot more.