Wouldn't it make more sense that the price would go down as more are purchased, as the most popular logos are already taken? Is someone really going to pay $1000 for 'Mr. Grin'
After spending much time among entrepreneurs I find that there are very few with a "business" mind. Great idea, horrible model. This pricing model is so far out of left field that I had to do some research to see if it's ever been successful. It hasn't. Although https://github.com/metafizzy is kinda interesting (what this websites UI is based off of)
At opening the whole store would be priced at $5 or so then slowly it would raise the price every few weeks
They did however go bankrupt https://en.wikipedia.org/wiki/Steve_%26_Barry%27s