TTK, you sound like my old man.
Actually the label was $750:
As for the shitty stitching, it's supposed to be like that and the denim is apparently 'premium Japanese selvedge'. The designer, Martin Ksohoh, used to be head of design at Evisu. He left to start RMC a few years ago. I bet he figured there were enough mugs like me around to sufficiently line his 'premium Japenese selvedge' denim pockets.