Yes, the list price is ~$1,200, but dealers appear to be discounting them to ~$800, installed and key matched to the ignition key. That's what I paid for mine about 6 months ago.
BTW, they are pretty well designed. I've taken a few extended trips with them fully loaded. I carry about 20 lbs in each side. The additional weight is handled well with two full turns of the rear suspension preload. I have also exceeded the indicated maximum speed without them flying off or causing any untoward problems. In fact, on my first day ride after having them mounted, I noticed significantly less vibration in the footpegs plus a noticeable improvement in average fuel mileage. My theory is that the saddlebags' front mount on the rear pegs extension has a dampening effect on engine vibration throughout the foot pegs assembly area. My theory about fuel mileage is that the airflow improves past the fairing, legs, and saddlebags. My avg. mileage is 43-47 mpg with spirited riding at ~3,000 ft. elevation and 80-95 degrees ambient.