I think the price is fair if you count in the cost of venue etc.. Furtermore the price also reflects some steep price increases in some of the Ports (Noval in particular on which there are only 900 cases)
Generally I will not go there mainly since I know most of the 94s listed and feel based on recent showing in tastings they are mostly still in a closed phase. Secondly even having had 94s in pristine condition (e.g. Vesuvio and Noval) comparing them to the 70s, 66s or 70s is in my eyes a bit stupid.
The 94s are the first well industrially produced port with a general declaration for this year after the revolution, hence the acclaim being better than other great vintages. It also marks the comeback of Noval after C. Seely took over. The last very good to great Noval before 94 was the 70 if you get a good bt.
Bearing in mind typical journalist antics and having not put effort in finding good bottlers and bts from the old era indeed such coments 94 being better etc. based on ignorance, missing knowledge based on lack of tastings make sense.
I like some 94s but generally I find them not as interesting and great as the old ones from 1960, 1963, 1966, 1967 and 1970. Some great 1962, 1964 and 1965s should also be not forgotten!
Furthermore I am biased anyway to 70 as a vintage.