Price would not drop drastically if the fish were legalized. In Canada they are legal but still cost a lot. Price has gone down in the recent years but this is to do additional farms, and higher competition, between the farms. It is still supply and demand which is controlled by the farms. Also, even though it could be legalized setting up a farm might be a lot harder to do than people realize. If it wasn't wouldn't there be lots of arowana farms in Canada?
If it is so easy to breed them why don't people just set up ST breeding colonies and become rich. It is because there are certain aspects of the environment that lead themselves better to raising arowanas.
Although it is legalized, it still might be an endangered species, which requires micro chipping for import, at least in Canada so there is an expense. Also, what about shipping, additional expense which could continue to rise due to external factors like oil prices going up, higher import tax etc.
I guess if it is so cheap to raise the fish getting it directly from the farm's should be way cheaper right:
Price of MerLion Arowana for customer who wish to make direct purchases
1. MerLion Harmony: $2,500.00 ~ $5,000.00
2. MerLion Royal: $1,800.00 ~ $2,300.00
3. MerLion Royal Premium: $2,500.00 ~ $4,000.00
4. MerLion Royal Ultimate: $3,500.00 ~ $5,500.00
5. MerLion Red: $1,500.00 ~ $2,000.00
6. MerLion Red Premium: $2,500.00 ~ $4,000.00
7. MerLion Splendour RedGold: $1,500.00 ~ $2,000.00
8. MerLion Gold: $ 500.00 ~ $ 600.00
9. MerLion Gold (HB): $ 600.00 ~ $ 700.00
10. MerLion Emerald Batik (Snake Skin): $4,500.00 ~ $8,000.00
11. MerLion Emerald Red Tail: $ 200.00 ~ $ 300.00
12. MerLion Emerald Gold Tail: $ 150.00 ~ $ 200.00
13. MerLion Emerald Green Tail: $ 100.00 ~ $ 150.00
http://www.arofanatics.com/forums/showthread.php?t=448526
At the end of the day the fish will be a commodity, which will always be based on their supply and demand, as well as perceived value. I am not saying that price wouldn't come down a bit, as we have seen in the past years, but to think that you would get an rtg or xback for a lot less is crazy..