Not sure how accurate the RRP is!! But hubby says this is a good racket and has just bought one. Googled it and looks like the same seller is also selling them on ebay for the same price (give or take a few pennies). Seems to be a discontinued make hence the price.
Browning NanoTec Squash Racket £29.99 at Amazon Marketplace (86% off apparently)+£7.95 postage @ Racketworld / Amazon