People have looked at manufacturing new Lugers to the original specifications and quality. The price would be way over $5000.
Mauser tried to do it in the 1970s through 1980s and couldn't make sales at a price that would give a decent profit. That's why they stopped.
Other than the ones that Mauser and Krieghoff have made, I don't think there have been any mass manufacture of modern Lugers of good lasting quality.
So... we have what were made in the past, and the products of Waffenfabrik Minnesota, etc...(the fakers). They are expensive because of the demand for a limited number of Lugers that are extant. Every collectable Luger that gets damaged reduces the available number, and increases rarity.
When you wait for a bus on the corner, you can wave it by because it costs too much (value less than the utility of the trip). Eventually, you either get on the bus, or get cold standing on the corner.
Marc
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 Igitur si vis pacem, para bellum -
- Therefore if you want peace, prepare for war.
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