If someone of you guys actually knew what wood blanks sold for, esp if you buy them by the pallet directly from the guy who felled the tree (or maybe the guy that bought them from the guy that felled the tree) you'd be amazed (and possibly a little upset knowing what you spend as an upcharge on a custom stock).
A friend of a friend bought a stock for his Huglu a few years ago. The gun was turkish, and the guy was turkish, and the wood was turkish (walnut). He was able to contact someone at the factory and buy a replacement stock for I believe 2-300 bucks (I'm sure it helps to know the language!). From the pics I saw, it would put many "exhibition grade" stocks to shame. To say I was astounded would be an understatement. And they build and shipped that stock at a profit...
Outside of the US, gunstock grade wood is relatively inexpensive, even the high grade stuff. I'm not sure if it's purely markup or dealing with a half dozen middlemen that adds to the price.
Like has been alluded to, Etchen puts together complete guns with high grade wood for less than some stock makers would charge for just a stock and forend in comparable or lower grade wood. Something wrong with that picture.