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Ah ha, it is. Quite punchy on the price compared to picking up an only slightly lesser wax jacket. You bought it, didn't you @Tenderloin ? :)
My wife came home from a recent Paris business trip with an OG Burberry trench and I damn near choked when I googled the price. Got some ammunition in the chamber now.
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Jesus - I just googled Burberry prices myself. I was in the US in the early 00's with work and picked up a Kensington trench and a leather bomber for a combined price of about £400 at an outlet mall (at the time it was over $2 to the £).
They are rarely worn so now deciding whether to get rid or get them stated on the house insurance. Crazy prices.
EDIT: Just remembered they also chucked in a free merino scarf per coat. I gave the classic check one to a homeless guy at Crisis for Christmas - he seemed very nonplussed.
Like it. Anglo Italian?