Yup. If the price for that Junior makes you blush, take a lap through TGP for some perspective on just how many guitars of that price range are regularly moving off of store shelves. Those guitar shops with dozens of $5k+ LPs/Strats aren't doing it for fun...I'm not defending it, but that's a Murphy Lab model. Why is it $6,999? Because a Les Paul Standard from the same line is $9,699.
But as mentioned above, a Murphy Lab is its own niche among high-dollar Gibsons. Lots of people will spends thousands in LPs and never bother with these and other people will say they're the only real Les Paul worth buying and so Gibson charges what they do.
And tangentially, this segment from a video about Norman's Rare Guitars was really funny to me because a salesman talks about how through the 50's Gibson was aggressively changing major components of the LP shape and construction. Gives some perspective on how arbitrary it is that so many guitarists turn up their noses on anything changes to LPs in the last 60+ years and the most sought after custom LPs these days are almost always flash-frozen of the 1959 spec.